Editor’s Picks

Consumer Groups Ask DOJ To Look At Google’s Fitbit Acquisition

Consumer Groups Ask DOJ To Look At Google’s Fitbit Acquisition
Consumer Groups Ask DOJ To Look At Google’s Fitbit Acquisition
April 30, 2020  |  ANTITRUST

Public advocacy groups want the government to closer examine the acquisition of Fitbit by Google, due to the former’s potential as a rival in advertising,...

READ MORE >
Walmart Tests $10 Upcharge For 2-Hour Grocery Delivery
Walmart Tests $10 Upcharge For 2-Hour Grocery Delivery
April 30, 2020  |  Delivery

Walmart’s new Express Delivery service will transport items to customers’ doors within two hours for a $10 charge, the company announced Thursday (April 30). Get...

READ MORE >
Visa: Tap-to-Pay Transactions Grow 40 Pct YoY
Visa: Tap-to-Pay Transactions Grow 40 Pct YoY
April 30, 2020  |  Earnings

Visa posted fiscal second-quarter results that showed a precipitous falloff in cross-border volumes late in the quarter amid the coronavirus pandemic, alongside what it termed...

READ MORE >
WH Adviser: Fourth Round Of Stimulus Funds May Not Be Needed
WH Adviser: Fourth Round Of Stimulus Funds May Not Be Needed
April 30, 2020  |  Coronavirus

White House Economic Advisor Kevin Hassett thinks a fourth economic stimulus package may not be necessary if states can safely and successfully reopen in due...

READ MORE >
Amazon To Use Expected $4B In Q2 Profits On COVID-19 Expenses
Amazon To Use Expected $4B In Q2 Profits On COVID-19 Expenses
April 30, 2020  |  Coronavirus

Amazon.com Inc. said it expects to spend its anticipated $4 billion second-quarter profits on coronavirus-related expenses, according to the company’s filing with the Securities and Exchange Commission...

READ MORE >
Report: Smartphone Production Expected To Hit Record Low In Q2
Report: Smartphone Production Expected To Hit Record Low In Q2
April 30, 2020  |  Coronavirus

A revised forecast of smartphone production predicts volume will shrink to a record low in the second quarter as the spread of the coronavirus continues...

READ MORE >
Grab Wants Staffers To Accept Unpaid Leave, Decreased Hours
Grab Wants Staffers To Accept Unpaid Leave, Decreased Hours
April 30, 2020  |  International

Grab Holdings Inc. has started to request that workers accept decreased hours or take a leave without pay so the company can steer clear of...

READ MORE >
Mastercard: Half Of Consumers Now Using Contactless Payments
Mastercard: Half Of Consumers Now Using Contactless Payments
April 30, 2020  |  Mastercard

As nations put limitations into place to support social distancing in February and March, Mastercard reported that a significant share of consumers tapped into contactless...

READ MORE >
Overstock’s 1Q Loss Narrows and April Sales Soar 120 Pct
Overstock’s 1Q Loss Narrows and April Sales Soar 120 Pct
April 30, 2020  |  Earnings

Shares of Overstock.com Inc. rose 4.5 percent Thursday (April 30) after the eCommerce retailer announced a narrower first-quarter loss and the fact that April sales...

READ MORE >