Tipsheet: $500 for Payroll Passwords @ WM/THD | Home Prices +16.2% | Flipkart To Raise $1B
U.S. Home Prices Surge the Most on Record in Buying Frenzy at Bloomberg/Yahoo. “Prices jumped 16.2% from a year earlier to a record high of $319,200. The growth eclipsed the 14.8% rate in the fourth quarter, which was the highest in data going back to 1989, the (National Assoc. of Realtors) said in a report Tuesday.” Read more
US job openings soar to highest level on record at AP. “Job openings rose nearly 8%, to 8.1 million in March, the most on records dating back to December 2000, the government said. Yet overall hiring that month rose less than 4% to 6 million.” Read more
Average daily U.S. Covid cases fall below 40,000 for the first time since September at CNBC. “The latest seven-day average of daily Covid deaths in the U.S. is 635, according to Hopkins data. That figure is far below its winter peaks, when the country was recording more than 3,000 deaths per day…” Read more
L Brands to spin off Victoria’s Secret by August, hoping to nab higher valuation at CNBC. “The company said it received interest from multiple potential buyers, but its board concluded that separating Victoria’s Secret and Bath & Body Works into two separate publicly traded companies would be a better option.” Read more
Flipkart in talks to raise $1 billion ahead of IPO at TechCrunch. “Flipkart has hit the market to raise about $1 billion at up to $30 billion valuation in a pre-IPO financing round, two people familiar with the matter told TechCrunch.” Read more
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Experts baffled by Walmart’s trademark dispute with Kanye West at NY Post. “The idea that Yeezy would deliberately associate itself with Walmart to get a free ride on Walmart’s [reputation] — I don’t see it,” said Susan Scafidi, founder and director of the Fashion Law Institute, told The Post. “Yeezy’s coattails are pretty stylish.” Read more
Walmart’s in-house Android TV device might only cost $30 at The Verge. “Walmart appears to be getting into the streaming devices with the Onn Android TV UHD Streaming Device, according to a new listing on its website (spotted by 9to5Google). The company’s new streaming box (in this case, really more of a flattened cube) is currently listed for $29.88 but is also “out of stock” — which could be due to the fact it hasn’t been officially announced yet.” Read more
Gas stations along Southeast coast suffer fuel shortage amid pipeline shutdown at NY Post. “About 7.6 percent of gas stations in Virginia were out of fuel by early Tuesday, according to GasBuddy analyst Patrick DeHaan’s estimates. He added that nearly 5 percent of gas stations in North Carolina, 3.3 percent in Georgia as well as 2.4 percent in Florida are also reporting that they’ve sold out of fuel.” Read more
Mall owner Simon’s CEO sees shopper ‘euphoria’ as people return to stores at CNBC. “Between being cooped up, between being locked down, between the stimulus, between celebrating that the country is still around … there’s clearly some level of euphoria around that,” David Simon said during an earnings conference call Monday.” Read more
Callaway Golf Q1 net revenue +47% Press release
Fintech Startup Offers $500 for Payroll Passwords (Walmart, Home Depot, etc.) at Krebs. “KrebsOnSecurity contacted multiple high-level sources at major companies whose login pages are shown in these payroll connect programs running on Argyle’s platform. None of those sources were authorized to talk to the media, but all seemed fairly horrified at what they were seeing, and each said their employer’s legal departments were launching their own investigations.” Read more
Tipsheet Extra
Amazon-first gadget brands Aukey and Mpow are suddenly, suspiciously disappearing
Lowe’s drops most innovative home products guide
Macy’s to build office tower atop Herald Square flagship store
Target is launching a line of plant-based food
Voice commerce remains an open frontier in retail
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