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Consumer discretionary and consumer staples companies news.

It’s been tough to find any good news with an awareness of the coronavirus being more heightened. But homeowners and would-be-homeowners might feel differently. Refinancing rates for 30-year mortgages recently fell to 3.57 percent, while mortgage rates for new loans stood at 3.11 percent...
Nearly 110 Million American consumers could see their FICO credit scores lowered through the new FICO 10 credit score model, which launched Jan. 23. Fair Isaac Corp., the company that issues the credit determination scores, said consumers who miss payments on their credit obligations are likely to...
The U.S. Food and Drug Administration (FDA) has announced the approval of Ubrelvy, to Allergan USA, Inc., to treat migraine headaches. Ubrelvy, or its generic name ubrogepant, is part of a class of drugs that are oral calcitonin gene-related peptide receptor antagonists. The FDA says ubrogepant is...
The world’s top e-commerce company announced that it had issued a solution to address security issues found in some of its Blink home camera systems, most notably the Blink XT2 camera system. Tenable Inc., a cybersecurity firm, found the flaws that could allow hackers to hijack the...
The Canadian pharmaceutical biotech company, Aurinia, saw shares skyrocket on Thursday. Shares nearly doubled in a 24-hour period following good news about its lupus drug, voclosporin.  Lupus is a chronic autoimmune disease where a person’s own immune system becomes overactive. The result is that...
Many Black Friday shoppers opted to shop online this year rather than flock to brick and mortar stores. Shopping at brick and mortar stores fell by 6.2 percent the day after Thanksgiving, according to ShopperTrak. Meanwhile, 2.3 percent more shoppers hit the stores...
The holiday season is upon us, and retailers may find it harder to reach target sales due to a shorter calendar shopping season. There are six less calendar days between this year’s Thanksgiving and Christmas holidays. This could spell disappointment for retailers as the period is considered...
In an effort to attract new businesses to accepts its credit card, American Express is offering new merchants a sign-up bonus to assist with the start-up costs of marketing and utilizing the service.  According to the Wall Street Journal, Amex has already paid nearly...
Beginning next year in 2020, Google plans to offer checking accounts. If everything goes as planned, it will be a bold move for the tech giant, though Google has involved itself with credit cards and platform payments before. According to the Wall Street Journal,...
According to a survey of U.S. consumers, most shoppers prefer paper receipts over digital ones that are sent through email. The survey was taken by Choose Paper, a Chicago-based paper advocacy group. The survey showed that nearly 75 percent of shoppers in the U.S....