financial

CVS Pharmacy taps PayPal and Venmo to offer touch-free payments

CVS Pharmacy taps PayPal and Venmo to offer touch-free payments

CVS Pharmacy has tapped PayPal and Venmo to offer touch-free payments in its stores, the companies have announced. There's an obvious reason for using contactless payments -- you don't need to expose yourself to someone else's germs in order to pay for your goods, something particularly important during the coronavirus pandemic. The new checkout 'experience' is coming to more than 8,000 stores across the US.

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Apple reports record Q3 2020 revenue numbers despite pandemic

Apple reports record Q3 2020 revenue numbers despite pandemic

Apple has announced its third-quarter financial results for the 2020 fiscal year, revealing multiple new June quarter records for the company. Sales of Apple's most popular consumer devices were up across the board, with Apple ultimately saying that it experienced double-digit growth across its Products and Services segments. The financial quarter ended on June 27, 2020.

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Boeing gets $1.2bn USAF contract to make first F-15EX fighter jets

Boeing gets $1.2bn USAF contract to make first F-15EX fighter jets

The United States Air Force (USAF) has awarded aerospace company Boeing a contract valued at nearly $1.2 billion, requesting that it build the first eight F-15EX advanced fighter jets for its future fleet. The private company has already started work on the first two of these eight jets, according to Boeing, which says it is building the vehicles at its F-15 fighter jet facility in St. Louis.

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Instacart finally addresses tip baiting with threat of bans

Instacart finally addresses tip baiting with threat of bans

Following widespread criticism of the practice, Instacart is taking steps to protect its shoppers from 'tip baiting,' the practice of dangling a big tip, then revoking it once the groceries are delivered. It will still be possible for customers to stiff shoppers when it comes to tipping, but things will be more tricky going forward and problematic customers won't stay on the platform for long.

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Netflix acquires Hollywood’s historic Egyptian Theatre built in 1922

Netflix acquires Hollywood’s historic Egyptian Theatre built in 1922

Netflix has officially acquired Hollywood's iconic Egyptian Theatre following reports of its interest in the business nearly a year ago. Netflix will renovate the theater and use it for special screenings, among other things, breathing new life into the facility. American Cinematheque, the nonprofit organization that reopened Egyptian Theatre in 1998, will reportedly work alongside Netflix.

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Walmart quietly reveals plan to shut down online shop Jet.com

Walmart quietly reveals plan to shut down online shop Jet.com

Only a few years after acquiring the company, Walmart has quietly announced plans to shut down the online retailer Jet.com. The revelation was nestled within Walmart's newly published quarterly financial results, with the company noting that it will 'discontinue' Jet due to the 'continued strength of the Walmart.com brand.' Walmart had paid $3 billion to acquire the company.

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Apple set new all-time and quarterly records in Q2 2020 despite pandemic

Apple set new all-time and quarterly records in Q2 2020 despite pandemic

Apple has announced the financial details for its second fiscal quarter, reporting that despite the coronavirus pandemic and resulting economic downturn, the company set new all-time and quarterly revenue records. The quarter, which ended on March 28, pulled in $58.3 billion in revenue, a one-percent jump over the same quarter last year. International markets drove the sales during this quarter.

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Google Card leaked: Contactless payments, simple digital money hardware

Google Card leaked: Contactless payments, simple digital money hardware

The Google Card was leaked today in full color, complete with co-branding with a set of bank partners. Early indicators suggest Google is working with Stanford Federal Credit Union, CITI, and other bank brands. This is not the first time Google's had plans for (or gone so far as to release) a physical, plastic card with which to pay for products and services.

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Robinhood down again as markets in freefall

Robinhood down again as markets in freefall

Robinhood is down for the third time this month, with the investment app adding more bad news to the market crash that saw US trading frozen on Monday morning. Popular with novice traders getting their first taste of the stock markets, Robinhood confirmed just before 10am ET on March 9 that it was "experiencing issues with equities, options and crypto trading."

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Robinhood investing app outage continues, but a fix is inbound

Robinhood investing app outage continues, but a fix is inbound

Robinhood, an investing app that is most popular among young users as a simple way to make investments, has been down for several hours today. The company confirmed the outage around 11 AM EST on Monday after around another hour of complaints from users. In the most recent update on the matter, the company said that it has figured out what went wrong and that it is working on a fix.

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IRS clarifies confusing Fortnite V-Bucks tax requirement

IRS clarifies confusing Fortnite V-Bucks tax requirement

The IRS has offered clarification on the confusing and panic-inducing Fortnite V-Bucks tax reporting requirement that appeared on its website. At the time when it was first noticed, the IRS's website said that Fortnite players were required to report the V-Bucks they spent in the game. When the requirement went viral, however, the taxation agency quietly deleted the requirement, confusing taxpayers.

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Some former MoviePass customers may be owed money

Some former MoviePass customers may be owed money

Helios and Matheson, the parent company behind defunct movie ticket subscription company MoviePass, has officially filed for Chapter 7 bankruptcy. The details surfaced in a Security and Exchange Commission (SEC) document filed by the company. Among other things, it is indicated that some former MoviePass subscribers may be owned money, though the details about that are slim at this time.

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