The Coronavirus pandemic intensified consumers’ need for cashless transactions. Purchasing goods from e-commerce websites, sending cash to relatives, and paying bills without going out of the house increased the usage of mobile wallets, debit cards, credit cards, and charge cards. …
Healing Labor Market: Weekly Jobless Claims Fall to 881,000
New applications of jobless claims lowered in the last week of August with a total of 881,000. In a news report, the Labor Department explained that jobless claims fell by 130,000 to a seasonally adjusted 881,000. The record shows improvement…
Huawei Earphones Step Up the Game with One Cool Feature
Huawei had one of its most challenging years in its history, with the U.S. blacklisting them from its markets. However, this dilemma didn’t hinder the multinational tech company from producing new gadgets. In the last couple of days, Huawei has…
Shocking Increase in U.S. Natural Gas Prices
Eight months into 2020 and the year is not finished surprising us. Prices of natural gas in the U.S. had a surprising jump last month and will continue through next year. However, analysts are scratching their heads in coming up…
Upcoming Winter May Cause Second COVID-19 Wave, Experts Warn
Concerned public health experts have warned about the possibility of a new wave of infections from COVID-19 as the winter season approaches in the upcoming months. The precaution was based on other respiratory viruses’ past behavior, which the novel coronavirus…
Lego Sales Rise Amid COVID-19 Pandemic
Sales of Danish toy production company Lego rose 14% in the first half of the year as families tend to spend more time at home due to the coronavirus lockdowns, said by the giant toymaker on Wednesday. The family-owned company…
Samsung Shares to Spring Up by 50% as Chip Industry Gets a Boost
Business analysts are hopeful about the South Korean multinational conglomerate company, Samsung, after they unveiled its newest Galaxy Z Fold 2 on Tuesday. Nvidia, a U.S. semiconductor company, also announced that the electronic giant company would manufacture its next-generation chip. …
US Stocks Start Strong for September with Surges Led by Tech Companies
Strong earnings from tech-driven stocks led Nasdaq and S&P 500 to close at an all-time high on Tuesday. It is a definite optimistic start to September, for Nasdaq, in particular, showing a powerful upward momentum led by companies like Apple…
Secret Sauce: Walmart’s Ingredient for a Profitable Online Business
The US retail giant Walmart will launch on September 15 its e-commerce membership program. Former CEO Bill Simon said in a news report that this “may lay the path for the company’s online business to turn a profit.” According to…
U.S. Forbears Joining Covax Co-Led by WHO
The United States publicized on Tuesday that it will not participate in Covax, an international alliance to research on Covid-19 vaccine and distribute it worldwide. Covax, being co-led by the World Health Organization, became the reason for forbearing. The decision…
