Spending

How to overcome ‘comfort spending’ caused by lockdown anxiety

Retailers design their shopping experience to be 'frictionless', meaning you can spend money within a few clicks - sturti/E+
Retailers design their shopping experience to be ‘frictionless’, meaning you can spend money within a few clicks – sturti/E+

From the early days of toilet roll stockpiling, to the spike in online shopping – which in May, at the height of lockdown, accounted for 32.8 per cent of all retail sales, up from 18.8 per cent for the same month in 2019 – it’s no secret that consumer habits have undergone significant changes this year.

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How Infectious Disease Experts Are Spending Thanksgiving During COVID-19

With Thanksgiving just weeks away, COVID-19 cases are surging in many parts of the country.

The United States reported more than 100,000 new infections for the seventh day in a row on Tuesday. Michael Osterholm — an infectious disease expert and member of President-elect Joe Biden’s coronavirus task force — told CNN’s Anderson Cooper that he wouldn’t be surprised if the U.S. surpasses 200,000 new cases a day within the next few weeks.

Pandemic fatigue,

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3 Tips to Scrounge Up Extra Holiday Spending Money This Year

Here’s how to round up some extra cash for this year’s holidays and avoid unhealthy debt.

Though 2020 may seem like the year when time stands still, before we know it, the holidays will be upon us, and that means the potential for a lot of spending. Last year, the average American spent over $700 on the holidays, but if you’re planning to travel to visit family or you have a large family expecting gifts,

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Bed Bath & Beyond pins turnaround on remodeling stores, tech spending

Jordyn Holman, Bloomberg
Published 9:40 a.m. ET Oct. 28, 2020

Bed Bath & Beyond Inc. is laying out its next round of plans to overhaul the business, from store updates and technology improvements to a new share repurchase program.

The strategic goals are accompanied by financial projections that stretch through the company’s fiscal 2023. The forecasts show Bed Bath & Beyond expects to sustain its comparable-store sales at the 2020 level – bolstered by quarantined

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WV now showing county-by-county school spending online | Education

You can now see online how your county school system spent money over the past few fiscal years, thanks to a new tool.

Then click on the county you’re interested in and you’ll be taken to a page where you can see expense and revenue data from fiscal year 2016-17 to last fiscal year. Each fiscal year goes from July 1 to June 30, so each contains one school year.

You’ll first be met by

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Alibaba is spending more than $3 billion to dominate online groceries in China

Alibaba is spending 28 billion Hong Kong dollars ($3.6 billion) to up its stake in Sun Art Retail Group from 36% to 72%, the company said in a statement Monday. The company will then make a general offer to shareholders to buy out the rest of the the retail company.

The news sent shares in Sun Art up nearly 20% in Hong Kong. Alibaba’s Hong Kong listed shares rose about 1%.

Alibaba (BABA)
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Uber, Lyft Are Spending Millions To Fight Labor Protections For Their Workers

About a year ago, Steve Smith stood outside a press conference at a hotel in Sacramento where Uber, Lyft and DoorDash announced plans to spend millions on a statewide ballot initiative that would exempt them from a state law requiring the gig economy companies to hire most of their independent contractors as employees. If the workers became employees, they would be entitled to benefits, paid leave, expense reimbursement, the right to collectively organize and other

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Spending the holidays at home amid COVID-19? Bed Bath & Beyond begins rolling out deals

Bloomberg

The Unemployed Trader Who Became a $700 Million Exile

(Bloomberg) — When Sanjay Shah lost his job during the financial crisis more than a decade ago, he was one of thousands of mid-level traders suddenly out of work.Shah didn’t take long to get back into the game, setting up his own fund targeting gaps in dividend-tax laws. Within a few years, he charted a spectacular rise from trading-floor obscurity to amassing as much as

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COVID-era virtual school supplies come with real spike in spending

Back-to-school shopping is looking different for many families this year, thanks to the ongoing coronavirus pandemic. With the 73 of the 100 largest U.S. school districts opting for remote learning this fall, backpacks are out – and Bluetooth headphones and Chromebooks are in.

That’s upending the budgets for many families and helps explain why back-to-school spending is set to break a record in 2020. Households with children in kindergarten through 12th grade will spend an

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How Has the Pandemic Changed Your Spending Habits?

(Bloomberg Opinion) — One of the few bright spots in a very challenging year has been the monthly emails from my budgeting app showing huge declines in my spending. I can’t take much credit for the drops, given all the Covid-19 restrictions and risks that have prevented my family from spending at usual capacity. But still, it’s nice to see something moving in the right direction.

The app says we’ve been saving between $2,000 to

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