43.1 F
New York
Thursday, March 4, 2021
Home Consumer Page 3

Consumer

Consumer discretionary and consumer staples companies news.

Eastman Kodak stock skyrocketed this week after President Trump announced a deal to have the historical photography company make generic ingredients. Shares for Kodak were up by over 2700 percent at one point this week on the news. The NYSE halted trading several times due to the...
According to the Federal Trade Commission, U.S. consumers have lost $77.4 million because of fraudulent COVID-19 scams this year. Experts believe the figure is likely higher because scams are usually under-reported, particularly right now, as there are “unprecedented” efforts to scam Americans amid the coronavirus outbreak.
Gilead Sciences, the drugmaker for remdesivir, the promising new coronavirus treatment, has announced that it will begin charging for the drug in July. The pharmaceutical company had been donating some of the medication for government distribution since May when it received emergency authorization use.
Since the COVID-19 crisis first became apparent in January, there’s been a record-breaking $2 trillion surplus in deposit accounts across U.S. banks. According to the FDIC, deposits in April soared by $865 billion. That amount was more than any record for an entire year.
On Friday, the stock market rallied as the U.S. experienced a surge in jobs and offered a glimpse of hope that the American economy may be starting to recover from the COVID-19 pandemic. The economy added 2.5 million jobs in May, a record-gain. Meanwhile, according to the...
Amazon has alerted its sellers that it plans to host a summer sale, beginning June 22. The sale is expected to help boost sales for sellers who had to deal with delivery delays due to priority shipments at the onset of the coronavirus pandemic. The retailer is...
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...