Ever since the pandemic struck last year, St. Louis Fed President James Bullard has been one of the most optimistic members of the U.S. central bank, predicting early and often that the economy could rebound strongly — well ahead of his colleagues. But that doesn’t mean Bullard projects an early …
Read More »Key Words: Uber CEO sees ‘signs of life’ after ridership plummeted 80% in April
As U.S. cities begin to reopen, Uber is seeing an open road. CEO Dara Khosrowshahi told the “Today” show’s Savannah Guthrie on Friday morning that “we certainly do” think the worst of the pandemic is now in the company’s rear view mirror. The nationwide quarantine orders that have temporarily closed …
Read More »Visa sees ‘massive’ digital acceleration with millions trying e-commerce for the first time
The COVID-19 outbreak is bringing more people into the digital fray and providing a further tailwind to e-commerce growth. In Latin America alone, 13 million Visa Inc. V, -1.16% cardholders made e-commerce transactions for the first time ever during the March quarter, the company’s Chief Product Officer Jack Forestell told …
Read More »Dow Jones Newswires: Danone posts profit fall and sees ‘volatile and uncertain’ 2020
D AFP/Getty Images Danone SA said Wednesday that net profit fell for 2019 and it issued new guidance for 2020. The French food company BN, +0.06% said net profit for the year was 1.93 billion euros ($ 2.09 billion), compared with EUR2.35 billion the year previous. An analyst consensus provided …
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