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Overstock’s 1Q Loss Narrows and April Sales Soar 120 Pct

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...

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Flutterwave Rolls Out Online Portal For African Merchants
Flutterwave Rolls Out Online Portal For African Merchants
April 30, 2020  |  eCommerce

The startup Flutterwave, which picked up $35 million last year in venture funding, has launched an online portal that will enable African businesses to set...

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Brooklyn Man Charged With Allegedly Swiping Some $12,000 In IRS Stimulus Checks From Mail
Brooklyn Man Charged With Allegedly Swiping Some $12,000 In IRS Stimulus Checks From Mail
April 30, 2020  |  Cybersecurity

Feng Chen, 31, of Brooklyn, New York, was charged with alleged theft of U.S. mail that included some $12,000 in government stimulus checks, other checks...

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March Consumer Spending Sees Sharpest Drop On Record
March Consumer Spending Sees Sharpest Drop On Record
April 30, 2020  |  Economy

Consumer spending in the U.S. plummeted 7.5 percent in March, the steepest drop in 61 years, as the coronavirus pandemic continues to ravage personal income,...

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Federal Reserve Extends Reach Of Main Street Lending Program
Federal Reserve Extends Reach Of Main Street Lending Program
April 30, 2020  |  Loans

The Federal Reserve is extending its $600 billion Main Street lending program to reach small and medium-sized businesses (SMBs) hit by the coronavirus pandemic, the...

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Payments Processor i2c Hiring To Meet Global Demand
Payments Processor i2c Hiring To Meet Global Demand
April 30, 2020  |  Digital Payments

Global payments processor i2c Inc. is upsizing its workforce to meet a spike in demand for digital commerce solutions among FinTechs and banks. Get the...

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Good News: Pandemic Produces Retail Winners
Good News: Pandemic Produces Retail Winners
April 30, 2020  |  Retail

While the news is full of retail doom and gloom of late, the post-pandemic prognosis for one class of companies has actually been improving. Amazon,...

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Macy’s Plans To Reopen 68 Locations After COVID-19 Closures
Macy’s Plans To Reopen 68 Locations After COVID-19 Closures
April 30, 2020  |  Retail

As it joins the ranks of returning merchants following COVID-19 store closures, Macy’s intends to open 68 retail locations on Monday (May 4) in states...

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