Month: August 2020

A rendering of Taco Bell’s Go Mobile restaurant design Source: Taco Bell Taco Bell unveiled its latest restaurant design on Thursday, intended to push customers to order their nachos and burritos ahead and keep drive-thru lines short as the coronavirus pandemic leaves lasting marks on consumer behavior. The pandemic has prompted many restaurant chains, including
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Exterior of Alibaba Group Beijing Headquarters on November 10, 2019 in Beijing, China. VCG | Visual China Group | Getty Images China’s Alibaba beat quarterly revenue estimates on Thursday as its core e-commerce business thrived due to people preferring to shop online for essentials, even as coronavirus-related restrictions eased. Revenue rose to 153.75 billion yuan
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Take a look at some of the biggest movers in the premarket: Alibaba (BABA) – The China-based e-commerce giant reported better-than-expected profit and revenue for its fiscal first quarter, helped by a pandemic-related boost in online shopping. Alibaba had 874 mobile monthly active users in June, up 28 million from March. BJ’s Wholesale Club (BJ)
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For the colleges that still plan to bring students back to campus, there is no shortage of expenses associated with in-person instruction. From Covid-19 tests to new standards for cleaning and disinfecting, the costs are adding up. For students, that is translating into new fees on an already sky-high tuition bill.  More from Personal Finance:Here’s
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Founder and CEO of Network Capital Funding Corporation writing about trends in the mortgage industry.   getty You may have noticed that the response to the Covid-19 pandemic has meant shifts in the way that businesses operate, with a common theme being less face-to-face interaction. Certain industries have implemented fundamental changes with no clear expiration date, and lending
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Technology is shaping the future of the automotive industry and it’s creating a big opportunity in the semiconductor space, Vincent Roche, chief executive of chipmaker Analog Devices, told CNBC Wednesday. “Semiconductors and software are really the future of cars. That’s the way to think about it,” he said in a “Mad Money” interview with Jim
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A woman wearing a protective mask passes a homeless person during the coronavirus pandemic on May 12 2020 in New York City. John Lamparski | Getty Images Victoria’s Secret owner L Brands booked a surprise profit and better-than expected revenue during the latest quarter, sending its shares higher in after-hours trading Wednesday. Sales fell 20% during
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Trevor Williams Companies should “watch out” for millennials when it comes to how environmental, social and governance issues influence where they invest their money, according to the head of ESG governance at PR firm Edelman.  Chuka Umunna, a former British lawmaker, told CNBC’s “Squawk Box Europe” on Wednesday that around $24 trillion of wealth, in
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MILWAUKEE, WI – AUGUST 18: Democratic presidential nominee Joe Biden has a virtual conference call … [+] at the party’s convention. (Photo by DNCC via Getty Images) DNCC via Getty Images Democratic presidential nominee Joe Biden would raise taxes by about $4 trillion over the next decade, nearly all on businesses and high-income households. While
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TOPLINE Home-sharing giant Airbnb has filed confidential paperwork for an initial public offering, the company announced Wednesday, paving the way for a potential public markets debut later this year. Airbnb has resumed its efforts to go public this year, despite fallout from the pandemic. Stefanie Keenan/Getty Images KEY FACTS The company announced that it had
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