Amazon saw an explosion in online grocery delivery sales thanks to the coronavirus pandemic. Online grocery sales tripled year over year in the company’s second quarter. Amazon has responded by tripling the number of its grocery pickup locations. The spike in online grocery shopping is largely driven by Prime subscribers who are ordering more products […]
(Bloomberg) — NatWest Group Plc joined its rivals in painting a grim picture of the coronavirus-stricken U.K. economy, taking a further 2.1 billion-pound ($2.8 billion) charge to cover soured loans and prepare for a severe recession.Britain’s biggest corporate...
(Bloomberg) — EBay Inc. raised its profit and sales forecasts for the year, but the new outlook disappointed investors who hoped the digital marketplace would take greater advantage of the surge in consumer spending during the pandemic. Shares declined as much...
A developer plans to tear down a shopping center in Simi Valley to build hundreds of new homes, including 83 affordable units. But elected officials have postponed all land-use hearings, blaming the pandemic.A city hiding behind the pandemic to avoid approving new...
. . . Donald Trump talks while Mitch McConnell (left) looks on US Senate Republicans have proposed spending an additional $1tn (£776bn) to address the economic damage caused by the coronavirus pandemic.The plan includes $100bn for schools and issuing stimulus payments...
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