Amazon pushes Prime Day to September as it returns to normalcy: WSJ
Amazon.com Inc is scheduling its annual Prime Day shopping event for September and allowing unlimited shipments of non-essential goods to warehouses, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Best Buy sees margin pressure as online demand raises delivery spend
Best Buy Co Inc said on Thursday it expects profit margins to be under pressure in the second quarter, as it spends more on expanding delivery services to support a surge in online shopping from people staying at home due to the COVID-19 pandemic.
The slow reopen: Retail visits edge up, broader economic measures still unmoved
The U.S. continued its cautious reemergence from a coronavirus-linked shutdown over the past week, with measures of retail foot traffic slowly increasing but broader indexes of economic activity still stalled.
Starbucks recoups nearly two-thirds of comparable U.S. sales as stores reopen
Starbucks Corp said on Thursday it had regained nearly two-thirds of its comparable U.S. store sales from the prior year, as it reopened stores and modified operations due to the coronavirus-related restrictions.
BlackRock says all director nominees elected, executive pay approved
BlackRock Inc said on Thursday that all 16 of its director nominees were elected with favorable votes of about 94% at its annual meeting.
U.S. weekly jobless claims remain high as backlogs, layoffs linger
Millions more Americans filed for unemployment benefits last week as backlogs continue to be cleared and disruptions from the novel coronavirus unleash a second wave of layoffs, pointing to another month of staggering job losses in May.
Wall Street set to fall as trade tensions add to virus woes
U.S. stock indexes eyed a weaker open on Thursday as growing Sino-U.S. tensions and weak retail earnings added to worries about the pace of a recovery from a coronavirus-fueled economic slump.
TJX says sales recovering after coronavirus slump
TJX Cos Inc said it was seeing very strong sales at its stores reopened post-coronavirus lockdowns, offering hope of a swift recovery after a huge quarterly loss due to closures and a resulting decline in sales, sending its shares up 6% on Thursday.
Exclusive: Baidu considers leaving the Nasdaq to boost its valuation – sources
Chinese search engine giant Baidu Inc is considering delisting from the U.S. Nasdaq and moving to an exchange closer to home to boost its valuation amid rising tension between the United States and China over investments, three sources said.
Could coronavirus help Amazon workers unionize?
Warehouse employees last month staged a walkout in Michigan to demand safer working conditions at their facility. So did workers in New York, Illinois and Minnesota.
