Walmart (WMT) will launch a new subscription service, Walmart+ later this month according to Recode.com. For $98 a year, a price comparable to Amazon Prime, subscribers will get same-day delivery of groceries and general merchandise, discounts on fuel at Walmart gas stations, and early access to product deals Walmart had planned to launch Walmart+ in March or April but delayed the debut because of the coronavirus pandemic. It's not clear whether the launch will be regional or nationwide.Walmart's online sales grew by 74% in the first quarter as shoppers moved online in the virus outbreak.
Stifel analyst Paul Matteis upgraded Acadia Pharmaceuticals (ACAD) to a Buy from a Hold today and raised his target price to $71 from $41. (Shares closed at $57 today, up 6.17%) The upgrade from Matteis was especially powerful since he has been skeptical on the stock
United Airlines Holdings (UAL) has warned employees that it has seen a sharp drop in bookings in the last few weeks. Bookings at United's Newark hub were at 16% of July 2019 levels as of July 1. That rate is roughly half of the level a few weeks ago when it looked like air travel was recovering. The problem is especially acute at Newark because New York, New Jersey, and Connecticut have added new quarantine rules following a spike in coronavirus cases in the South and West. Now United is waiting to see if it will experience a similar drop at its Chicago hub after that city placed new restrictions on travelers from more than a dozen states.
When an economic crisis hits, lenders often tighten standards, making it harder for consumers to access loans. But FICO has a new credit scoring tool designed to help lenders better assess the creditworthiness of consumers who may be more resilient during an unexpected financial storm.