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Consumer discretionary and consumer staples companies news.

Apple is said to be getting closer to a deal with Hyundai-Kia to produce the so-called Apple Car. The automobile would have the Apple branding, and it would be a fully autonomous electric vehicle. According to unnamed sources, a Kia manufacturing plant in Georgia would assemble the...
London-based fintech Curve recently raised $95 million in a funding round led by Vulcan Capital, IDC Ventures, and Fuel Venture Capital. Other investors were Novum Capital and OneMain Financial.  The round was a Series C funding round. Curve, which initially began in Ireland and...
One would think that amid a pandemic that Americans are holding on to their pocketbooks. But, one of the country’s top CEOs says it’s quite the opposite. Brian Moynihan, Bank of America’s CEO, says that American consumers are spending more money this year than...
South Korean automakers Kia and Hyundai have been fined $137 million in penalties due to slow action in recalling 100-plus million of its autos. The penalties were over a possibility that engines could inexplicably fail. The fines were announced by The National Highway Traffic Safety Administration (NHTSA)...
Health workers across the country will be the first Americans to be vaccinated against the novel coronavirus. But, employees from essential government agencies will be next to get the COVID vaccine once it’s approved. Some government sources say that the vaccine could be distributed in as little...
Deutsche Bank reported the findings of a survey that showed that more than 50 percent of workers who worked remotely from once stay-at-home orders were in place want to continue working at home. A research report from the bank illustrated that a 5 percent tax rate on...
Third-quarter results for the three major credit card companies were less than ideal. Visa, American Express, and Mastercard all reported double-digit losses in the last quarter compared to the previous year’s quarter. The drop in profits pointed back to travel slowdowns because of the coronavirus pandemic. The...
On Thursday, one of the top subscription screaming services raised its prices. Netflix, headquartered in Los Gatos, California, will be raising premiums on its standard and premium level plans. The standard plan will now cost Netflix consumers $13.99 per month, an increase of $1 a month, while...
Micro investment company Acorns said that it’s partnering with ZipRecruiter's online job marketplace to launch a hiring portal. The joint venture will allow clients to browse available job openings and apply for the ones they’re best suited for.  Acorns' CEO Noah Kerner said, “The...
Many top life insurance firms are noticing that consumers are buying more life insurance policies since the COVID-19 epidemic began earlier this year. Some of the firms say that there have been double-digit increases in the number of policies they’ve sold. The increase is likely due to...