PayPal profit tops estimates as pandemic drives online spending to record levels | Reuters
PayPal Holdings Inc beat Wall Street estimates for quarterly profit on Wednesday, with a coronavirus-driven shift to online shopping and digital transactions driving record levels of payment volumes for both the quarter and the year.
As America devours more wings than ever, restaurants double down
America's appetite for chicken wings appears unending and restaurant chains of all sorts are rushing to feed it.It might seem impossible, but the pandemic actually made one of the country's favorite menu items even more popular. After governments forced restaurants to close and curtail indoor…
Hello Everyone, I hope that this note finds you all healthy and well. This pandemic and resulting isolation has reminded us of the deep need for human connections, people’s adaptability and...
FedEx profit leaps on rate hikes, e-commerce shipments
U.S. delivery firm FedEx Corp on Thursday said quarterly profit almost doubled after rate hikes and spiking volume helped lower the cost of delivering pandemic-fueled e-commerce purchases to residential addresses.
'Fauci Effect' Drives Medical School Interest As U.S. Faces Physician Shortage : NPR
The pandemic put a spotlight on health care workers and inspired many to pursue a career in medicine. The record number of applicants comes as the U.S. faces a projected shortage of physicians.
Retail recovery is uneven, National Retail Federation CEO says
National Retail Federation CEO Matthew Shay said the rebound is uneven with big-box retailers like Walmart and Home Depot reporting strong sales and small or mid-sized businesses struggling.
The Rich Have Stopped Spending And That's Tanked The Economy: New Study : NPR
While retail sales bounced back in May after a deep drop in March and April, the wealthiest Americans are not spending as freely as they did before the pandemic. And that could limit the recovery.
Coroanvirus: Bain report on global luxury sales for 2020 and beyond
Bain predicted a full-year contraction between 20% to 35% for the personal luxury market that includes clothes, jewelry, watches, beauty products, and accessories.
EA reports strong June quarter with revenue up 21% to $1.46 billion | VentureBeat
Electronic Arts reported financial results that beat expectations, with revenue growing 21% to $1.46 billion for the first fiscal quarter ended June 30.
Campbell's soup sales are booming as people stock up - CNN
As people stocked up for an unknown future and sheltered in place because of the coronavirus pandemic, they reached for soup — and helped spark a turnaround for Campbell.
QoD: Guess the percentage of each age group that has their driver's license: 16 year olds? 17 year olds? 18 year olds? - Blog
Answer: 16 year olds: 25.6% 17 year olds: 49% 18 year olds: 60.9% Questions: When did you get your driver’s license OR when do you plan to get your license? What factors determined/will determine when you get your license? When it comes to auto insurance, do you think the cost of insuring a 16 year old is higher or lower then insuring an 18 year old? Explain your answer.
Scooter ridership resilient as workers remain absent from Detroit
Despite the hollowing out of workers in downtown Detroit during the COVID-19 pandemic, e-scooters have remained resilient. Prior to the outbreak, the future of the rentable e-scooters that stormed cities across the U.S. in 2018 seemed wobbly. In January, San Francisco-based Lime laid off 100…