On Monday, Uber (NYSE: UBER) bought food-delivery startup Postmates for $2.65 billion. At the start of the COVID-19 pandemic, Uber realized it needed to push its business towards profitability and growth. With its Uber Eats division increasing by 53% in the first quarter of 2020, the obvious direction in which to go was the food-delivery market.
By Jennifer Clark
Updated July 8, 2020
On Monday, Facebook shares fell close to 3% in early trading but eventually rebounded. The list of advertisers abandoning the site continues to grow. Some big companies, like Starbucks (NASDAQ: SBUX), Coca-Cola (NYSE: CCEP), and Hershey’s (NYSE: HSY), announced they would be pausing their advertising spending on the social media platform.
By Jennifer Clark
Updated July 1, 2020
It looks like the U.S. is going a different direction when it comes to 5G and China’s Huawei. On Monday, the U.S. will amend its prohibitions on U.S. companies doing business with Huawei.
By Jennifer Clark
Updated June 17, 2020
46% of U.S. consumers are now using telehealth platforms. Telehealth use has surged in the past few months and COVID-19 has been a major catalyst. Now that people are considering telehealth as a viable option, the health care industry is shifting to accommodate that change.
By Jennifer Clark
Updated June 10, 2020
With testing across the U.S. scarce, the only way for people to begin feeling comfortable about returning to “normal life” could depend on at-home testing kits. These kits could ease people’s fears and make it convenient for them to test themselves before considering returning back to work or school. However, they aren’t cheap and might not be covered by your health insurance.
By Jennifer Clark
Updated June 2, 2020
There’s a lot changing in our world. Stores like Target (NYSE: TGT) have adjusted their concerns during this pandemic. A company that was usually concerned about creating a place to shop that offers the best items at the best prices has to now be proactive at providing a healthy and safe environment for its guests and workers. It’s a sensitive time and businesses need to put the right foot forward.
By Jennifer Clark
Updated May 27, 2020
The food delivery market was growing before the pandemic but now, with people staying home and placing food delivery orders through Uber’s (NYSE: UBER) Uber Eats and Grubhub, Uber has even more incentive to finalize an acquisition deal with Grubhub.
By Jennifer Clark
Updated May 20, 2020
Clorox (NYSE: CLX) has experienced a 500% increase in demand during the COVID-19 pandemic, and that demand doesn’t seem like it’ll slow down any time soon.
By Jennifer Clark
Updated May 6, 2020
The online furniture store Wayfair (NYSE: W) has surged 500% over five weeks, but will it last?
By Jennifer Clark
Updated April 29, 2020
Video conferencing has become the new way to interact with coworkers, friends, and family during this pandemic. Tech companies like Microsoft (NASDAQ: MSFT), Facebook (NASDAQ: FB), and Verizon (NYSE: VZ) have focused part of their businesses towards this new normal in order to reap the benefits from this growing market.
By Jennifer Clark
Updated April 22, 2020
The coronavirus pandemic has shut down nearly the entire U.S. and the world, but it has done the opposite for Amazon (NASDAQ: AMZN). While the company is experiencing an influx of business and new stock market highs, it might not last forever.
By Jennifer Clark
Updated April 15, 2020
Microsoft’s (NASDAQ: MSFT) founder Bill Gates and Apple’s (NASDAQ: AAPL) CEO Tim Cook have stepped in to help with the fight against COVID-19. Find out how these massive tech companies are doing their part during this pandemic.
By Jennifer Clark
Updated April 8, 2020
President Trump announced on Sunday that the nation may need to continue isolating until April 30. This announcement, along with recent COVID-19 news, has forced retailers to make some painful but necessary decisions to keep businesses afloat.
By Jennifer Clark
Updated April 1, 2020
