On Monday, Amazon launched deals in several categories akin to Black Friday bargains in hopes of drawing early holiday shoppers. Retailers have encouraged shoppers to start early as supply chain issues, inflation, and labor shortages impact the industry. Major retail companies are also concerned about gifts being delivered on...
On Tuesday, SunPower announced that it would restructure its operations to concentrate its efforts on residential solar exclusively. Part of the plan includes acquiring Blue Raven, a residential solar provider. SunPower intends to sell off its industrial and commercial enterprises. Peter Faricy, SunPower’s Chief Executive Officer, said: “We’re happy to...
Wells Fargo has paid $37 million in a settlement with the government after a Justice Department lawsuit accused the bank of overcharging more than 770 businesses. The lawsuit alleged that the San Francisco-headquartered financial institution told businesses they were charged fixed rates but then charged them more than they...
Mastercard, one of the world’s leading credit card issuers, has announced that it will be offering a program similar to one of the latest and more popular methods of payments to cater to consumers, the "Buy Now, Pay Later" trend. The Purchase, New York-based financial services corporation will offer...
Microsoft has announced that they will be adding a feature similar to a walkie-talkie to its cloud-based Teams phone service. The company hopes it will help it compete better with Zoom as the competitor doesn’t have a similar feature. Teams will also be getting some of the current features...
Boston-based restaurant software company Toast has received a valuation worth nearly $33 billion as it made its debut on the New York Stock Exchange Wednesday. The company’s shares skyrocketed 63 percent higher as investors looked to new tech stocks to invest in. Shares for Toast opened at $65.26. Its...
Royal Dutch Shell has announced a $9.5 billion cash deal to sell all of its assets that are located in the Permian Basin. The West Texas oil giant made the deal with ConocoPhillips and is expected to close during the last quarter of 2021. Around 225,000 net acres comprise the...
Giant search engine and technology company Google plans to purchase the New York City office building it currently leases for $2.1 billion. According to Real Capital Analytics and The Wall Street Journal, the purchase would be the most expensive commercial buy since the pandemic’s beginning. The building is known...
The FDIC unveiled an investment fund that is geared towards supporting minority-owned banks. Two anchor co-investors have been identified in support of the fund -- Microsoft and Truist Financial. Each company has invested tens of millions in helping to launch the fund. The mega-media company, Discovery also supported the...
Amazon is planning to showcase a three-week sales event of its beauty products beginning October 4 and running through October 25. The e-commerce giant hopes to attract early shoppers before the holiday season begins. Amazon released a slide deck highlighting the sale. In the slide, the company said, “We want...