Tipsheet: CDC Mask Reversal | Amazon Denies Bitcoin Report | Home Prices +16.6% May
CDC to reverse indoor mask policy to recommend them for fully vaccinated people in Covid hot spots at CNBC. Read more
Amazon denies report claiming imminent acceptance of Bitcoin payments at The Verge. “The denial came after London-based financial paper City AM reported on a specific series of plans sourced from a company insider. According to City AM, Amazon is ready to accept Bitcoin as payment this year, followed by other popular cryptocurrencies like Ethereum, and even Amazon’s own “native token.” Instructions for the cryptocurrency initiative were said to be coming from Jeff Bezos himself…” Read more
U.S. core capital goods orders and shipments rise solidly in June at Reuters. “Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose 0.5% last month, the Commerce Department said on Tuesday…Economists polled by Reuters had on average forecast core capital goods orders advancing 0.7%.” Read more
UPS beats profit estimates on online delivery momentum at Reuters. “Revenue in its core U.S. domestic unit rose 10.2%, while international segment jumped 30%, boosted by Europe…Total revenue jumped 14.5% to $23.42 billion, beating estimates of $23.24 billion.” Read more
Amazon leads $2.5B funding round in Rivian, maker of the tech giant’s future electric delivery vans at GeekWire. “Founded in 2009, Rivian has raised about $10.5 billion to date. The latest round was also led by D1 Capital Partners, Ford Motor Co. and funds and accounts advised by T. Rowe Price Associates, Inc. Third Point, Fidelity Management and Research Co., Dragoneer Investment Group, and Coatue also participated.” Read more
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Home Depot Reduced Carbon Emissions by More Than 127,000 Metric Tons in 2020 “…reduced Scope 1 and 2 carbon emissions by more than 127,000 metric tons in 2020—a 22 percent reduction in carbon intensity—while at the same time growing the business nearly 20 percent. The company announced a goal to reach 100 percent renewable electricity for its facilities by 2030…” Press release
HappyFresh, the on-demand grocery app based in Indonesia, announced today it has raised a $65 million Series D at TechCrunch. Read more
Home prices soar 16.6% annually in May, most on record at Fox Business. “Phoenix (+25.9%), San Diego (+24.7%) and Seattle (+23.4%) continued to see the biggest increases, while Chicago (+11.1%) remained the laggard. Meanwhile, Charlotte (+16.9%), Cleveland (+13.6%), Dallas (+18.5%), Denver (+17.4%) and Seattle all joined the national index in reporting record annual gains.” Read more
Target Announces Fall Collaboration with Author, Illustrator and Animator Christian Robinson Press release
Bed Bath & Beyond and Ryder will develop and operate two DC’s that will reduce product replenishment times to Bed Bath & Beyond and buybuy BABY stores to less than 10 days from the current 35 days Press release
Costco opens new warehouses in 3 states — with more to come at Fox Business. “On Tuesday, Wednesday and Thursday, the warehouse retailer opened new locations in Murfreesboro, Tennessee; Little Rock, Arkansas; and Moore, Oklahoma, respectively, according to local reports. More than 1,400 people visited the new Costco in Murfreesboro on its opening day, The Murfreesboro Daily News Journal reported Tuesday. In Little Rock, the mayor attended a ribbon cutting ceremony at his city’s new retailer on Wednesday, according to KARK.com.” Read more
Tipsheet Extra
Jeff Bezos offers NASA $2 billion to get Blue Origin back in the moon race
Why I decided to quit my retail job and join the Great Resignation
QuikTrip celebrates 900th store milestone
Dick’s Olympic ad has relevance beyond the Games
Circle K Forms Exclusive International Partnership with Bitcoin Depot
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