Friday , July 3 2020

Tag Archives: wholesale

During Covid-19 Pandemic, the Used-Car Lot Is Hot

The Covid-19 pandemic has dinged the auto sector, but one part of the industry is faring better than it was before the crisis: used cars. Sales of used vehicles in the U.S. have roared back after dropping 38% in April, when states were shut down and some dealerships were forced …

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Apparel Brands Push More-Stylish Dressing at Home

Business-casual retailers are trying to figure out how to entice Americans who have grown used to T-shirts, leggings and gym shorts to buy their blazers, maxi dresses and fancier pants. Brands like Ann Taylor, Banana Republic and Express have organized online categories around working or staying at home, hoping to …

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Facebook Boycott Organizers Want a Civil Rights Expert in the Company's Executive Suite

Facebook Inc. leaders including Chief Executive Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg are set to meet early next week with civil rights groups that called for an advertising boycott against the company over its handling of hate speech and misinformation. Among the top requests from the groups will …

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Businesses Hit Hard by Coronavirus Claw Back Jobs

WASHINGTON—The two industries that suffered the most job loss because of the coronavirus pandemic and related shutdowns—hospitality and retail—saw the strongest gains the past two months as the U.S. economic engine restarted. Still, those industries—and employers more broadly—are far from replacing all the jobs lost since February. And bars, restaurants, …

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Major Tech Company CEOs to Testify Before Congress

WASHINGTON—The chief executives of Amazon.com Inc., Apple Inc., Facebook Inc. and Alphabet Inc.’s Google have agreed to testify before the House Judiciary Committee as it investigates their power over the digital marketplace, according to a spokeswoman for the committee. The hearing is planned for later this month, the spokeswoman said. …

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Car Sales Fell in the Second Quarter, Despite Deals and Covid-19 Stimulus

Major auto makers reported sharp drops in second-quarter U.S. vehicle sales, as sweet discounts and financing deals weren’t enough to offset factory and dealership closures from the Covid-19 pandemic. General Motors Co. reported a 34% drop in second-quarter sales compared with a year earlier, with demand picking up in May …

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Macy's Says Most Stores Have Reopened

Macy’s Inc. said nearly all its stores have reopened after a monthslong closure due to the Covid-19 pandemic, though the retailer warned it could take other measures as states tally more coronavirus infections. “While we do not expect another national shutdown, we do anticipate a regional impact as consumers are …

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TuSimple Adds Logistics Operators to Self-Driving Trucks Effort

Self-driving trucking startup TuSimple is teaming up with big logistics operators to bulk up its delivery business as it lays the groundwork for a planned coast-to-coast autonomous freight network. TuSimple plans to nearly double the number of its weekly freight runs to 93, up from about 50 currently, as it …

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FedEx Reports Better-Than-Expected Revenue as Residential Deliveries Surge

FedEx Corp. said Christmas-like levels of online shopping boosted its business, and it is seeing tentative signs that the global economy is recovering from the coronavirus pandemic. The delivery giant also experienced a jump in international cargo during the fiscal fourth quarter, helping to offset the significant decline in commercial …

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Facebook Bans Large Segment of Boogaloo Movement

Facebook Inc. has classified a large segment of the boogaloo movement as a dangerous organization and banned it from its network, in the tech company’s broadest move yet against the group. The company said in a blog post it removed more than 300 Facebook and Instagram accounts and 106 groups …

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Conagra Says Grocery Demand Remains High Amid Pandemic

Conagra Brands Inc. said it is investing in more manufacturing capacity as demand for its packaged foods remains strong this summer during the continuing coronavirus pandemic. The maker of Hunt’s tomatoes, Healthy Choice meals and Birds Eye frozen vegetables said Tuesday that its comparable sales jumped 22% in the quarter …

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India Ban Hurts Chinese Tech in World's Biggest Untapped Market

India’s decision to ban dozens of Chinese apps for security reasons is a big setback for China’s top tech firms’ campaign to replicate their remarkable domestic success around the world, as they may now be largely locked out of what many consider the world’s last great untapped digital market. As …

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Amazon Launches Space Push to Drive Cloud-Computing Growth

Amazon.com Inc. is boosting efforts to lure military and commercial space organizations as major users of its cloud-computing services, hoping to benefit from rising government spending and burgeoning private investment. The move by Amazon Web Services, the online retail giant’s cloud-computing arm, comes during a multiyear surge in U.S. military …

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Facebook Ad Boycott Grows, Citing Failure to Control Hate Speech

Ford Motor Co., Clorox Co. and Denny’s Corp. are joining a parade of companies that have moved to halt advertising spending on Facebook Inc. because of how the social-media giant has handled speech on its platforms. Ford said Monday it will suspend its national social-media advertising for 30 days, as …

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Amazon to Pay $500 Million in Bonuses for Front-Line Workers

Amazon.com Inc. said it would spend more than $500 million on one-time bonuses for employees and some contractors, following months of strong demand from consumers stuck at home during coronavirus-related lockdowns and pressure on workers handling the jump in orders. Amazon will pay bonuses for all front-line workers and partners …

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Blackstone Sees Film-Production Facilities as a Hot New Real-Estate Play

Real-estate investors at Blackstone Group Inc. are getting into show business. They are doing it not by making movies or TV shows themselves, but by acquiring stakes in the production facilities and other real estate where companies like Netflix Inc. and the Walt Disney Co. are creating content. Blackstone on …

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