41 F
New York
Thursday, December 3, 2020
Home Consumer

Consumer

Consumer discretionary and consumer staples companies news.

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...
On Thursday, Amazon’s annual hardware event was the setting for its new product announcements. The event was accessible by media only and closed to the public. We have a recap of some of what was announced. First, the e-commerce company announced updates for its...
According to the Federal Trade Commission (FTA), there have been well over 200,000 scams related to the COVID-19 outbreak. Consumers have filed at least 205,000 fraud reports arising from the coronavirus since earlier in the year. The number doesn’t account for consumers who didn’t report scams involving...
Citigroup edged out Alliance Data Systems to offer a set of new credit cards with Wayfair. The move comes as e-commerce has taken off since COVID-19 cases exploded in the U.S., forcing Americans to shop and work from home. Online sales have been robust as fewer people...
Microsoft says the release date for its new Xbox Series X and Series S is November 10. Consumers will be able to preorder the gaming consoles on September 22. The Series X model will list for $499, while the more economical Series S will cost $299.
AstraZeneca shares dropped more than 6 percent during after-hours trading on Tuesday evening. The fall in shares occurred after the company announced that it was pausing it’s late-stage coronavirus vaccine trial because of safety concerns. The pharmaceutical company released a statement saying, “This is...
On Monday, Amazon received federal approval from the FAA to begin operations delivering packages by drones. The Federal Aviation Administration said Amazon can now “safely and efficiently deliver packages” to its customers via its unmanned aircraft systems. The FAA regulates the certification of drone...
On Sunday, President Trump announced that the Food and Drug Administration (FDA) has approved the use of convalescent plasma in COVID-19 patients. The FDA approved the plasma product as an emergency use for novel coronavirus patients. The president called the news a “historic breakthrough”...
Some of the major cinemas began to reopen this weekend and plan to be fully reopened by Labor Day weekend after a five-month hiatus. AMC, Regal, Cinemark, Marcus Theaters and Southern Theaters all shut their doors early in the pandemic amid rising coronavirus cases in many areas...