The House Judiciary Committee is calling on Amazon founder and CEO to testify after a report that the online giant is exploiting third-party data to gain a competitive advantage for its own products. The Wall Street Journal reported that Amazon scooped up data from independent sellers on its platform and then used it to create competing products. Lawmakers on the […] The FTSE 100 fell 1.9 percent, with the energy index plunging 6.7 percent to its lowest in more than a month as oil prices tumbled even as OPEC and its allies began a record output cut. Royal Dutch Shell shed another 8.7 percent and was the single biggest drag on the FTSE 100 on a ratings downgrade and several price […] Rich Americans are taking advantage of an unprecedented opportunity, made possible by the coronavirus pandemic, to transfer money to their children and grandchildren tax-free. Thanks to the 2017 Republican tax overhaul, it was already easier than ever to avoid the U.S. estate and gift tax, a 40% levy on the biggest fortunes. Now, plunging interest rates and volatile equity markets […] UK retail sales declined at the fastest pace since the series began as many stores ceased trading from late March following the official government guidance for lockdown during the coronavirus, or COVID-19, pandemic. Retail sales volume, including automotive fuel, declined 5.1 percent month-on-month in March, following a 0.3 percent drop in February, data from the Office for National Statistics showed […] LISTEN TO ARTICLE SHARE THIS ARTICLE Sweetgreen became a company with a $1.6 billion valuation by following a simple formula: Serve a creative salad in a bowl. But with plunging demand for a grab-and-go office lunch—which accounts for the bulk of Sweetgreen’s sales—and tumbling revenue, the company is trying to evolve their business. On Thursday, April 30th, Sweetgreen will start […] European stocks are likely to open a tad lower on Friday, with a rising death toll of the Covid-19 pandemic likely to be at the front of mind for investors. The worldwide death toll from the novel coronavirus rose to 190,000 late Thursday, according to U.S.-based Johns Hopkins University. The U.S. continues to be the worst-hit country with 873,137 cases […] NBCUniversal CEO Jeff Shell sees “very, very encouraging” early signs from Peacock, but also sees “significant adjustments” being made to the expense side of the Comcast division in light of COVID-19. Shell delivered those comments during his first appearance on a Comcast earnings call, having taken over as CEO of NBCU earlier this year. He joined other executives speaking to […] The pandemic has resulted in a change in consumer lifestyles, with an increased focus on preventive healthcare remedies leading to a surge in demand for immunity-positioned supplements, including Ayurvedic medicines and products, as consumers pursue different ways to combat the virus. The demand for Ayurvedic products has surged across the nation in the wake of the COVID-19 outbreak, especially after […] Comcast delivered a mixed bag of first-quarter results, missing Wall Street expectations for revenue, but beating profit forecasts. The media giant also warned investors of a “significant” hit to second-quarter results due to COVID-19. NBCUniversal showed signs of the pandemic’s impact, with its first-quarter revenue sliding 7% from a year ago to $7.7 billion, and earnings plunging 25% to $1.7 […] Sainsbury’s said profit would be hit by significant costs associated with social distancing and safety measures to protect customers and staff, weaker sales of fuel, general merchandise and clothing, and lower financial services profitability despite surging grocery trade as the coronavirus pandemic takes hold. The retail giant said the impact of COVID-19 is expected to leave underlying pre-tax profits broadly flat […]Lawmakers Demand Testimony From Jeff Bezos Over Amazon Business Practices
FTSE 100 stocks fall as energy firms record lowest in a month amid Trump’s China threat
Rich Americans Seize Historic Chance to Pass On Wealth Tax-Free
UK Retail Sales Log Record Monthly Fall Amid COVID-19 Pandemic
For Sweetgreen, A Pivot to Plates to Combat Plummeting Sales
European Shares Set For Cautious Start
Comcast And NBCU Execs Talk Peacock Start, Sports Outlook, Likely Cost Cuts
COVID-19: Ayurvedic products become increasingly popular
Comcast Posts Mixed Q1 Results, Warns Of “Significant” COVID-19 Hit In Q2
Sainsbury’s predicts £500 MILLION loss in profits despite coronavirus panic-buying