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  • With e-commerce surging during the coronavirus pandemic, Prime Day and the 2020 holiday season may be the perfect hunting ground for online fraudsters.
  • Business Insider spoke with Amazon’s former Director of Corporate Development Aaron Barfoot, who now serves as the chief financial officer of online security firm Forter. 
  • “Good online hygiene means paying attention and being alert,” Barfoot said. 
  • Visit Business Insider’s homepage for more stories.

It’s a potential nightmare for anyone who’s ever shopped online: checking your bank account or credit card statement to find that a cybercriminal has stolen your identity and run up a huge bill.

During Amazon’s two-day Prime Day sales event and the upcoming 2020 holiday season, that’s a scenario that could become reality for more shoppers than ever before. Former Amazon Director of Corporate Development Aaron Barfoot — who now serves as chief financial officer for online fraud prevention firm Forter — said that

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by Erik Sherman

Going once, going twice—the winners of this year’s Nobel Prize in Economic Sciences are two Stanford economists whose work lets the world make mobile phone calls, switch on a light, and buy and sell on eBay.

Robert Wilson and Paul Milgrom, are famous for their groundbreaking work on auction theory. They took the 2,500-year-old practice of selling goods to the highest bidder and transformed how they worked and how the world looked at a result.

One of the major areas they developed was analysis of how the rules that govern auctions affect the efficiency of the outcomes—how bidders get the value they want, sellers maximize their income, and the process can happen more easily and quickly. Then they found ways to move beyond the fast-talking and gavel-banging stereotype of an auction and into many new types that new rules could enable.

“Sometimes the invisible hand of the

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LONDON–(BUSINESS WIRE)–Oct 13, 2020–

The household composter market size is poised to grow by USD 329.38 million during 2020-2024, progressing at a CAGR of almost 6% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013006052/en/

Technavio has announced its latest market research report titled Global Household Composters Market 2020-2024 (Graphic: Business Wire)

The adoption of online sales platforms is greatly benefitting the sales growth for household composters. The vendors are increasingly using their websites and e-retailing platforms for listing their products and capitalizing on the popularity and improving product

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  • David Kostin, the chief US equity strategist at Goldman Sachs, pinpointed 35 stocks that are growing sales and margins like wildfire despite a challenging macroeconomic backdrop.
  • Boston Consulting Group and Morgan Stanley aid the conversation, offering an inside look at the influence both sales and margin expansion have on stock performance over an array of timelines. 
  • Fred Liu, the founder and portfolio manager of Hayden Capital, puts an emphasis on these two metrics to find stocks that can grow exponentially in value. In the first half of 2020, Liu’s fund was up by triple digits.
  • Click here for more premium stories.

After a dismal drop in the second quarter, market participants can expect third-quarter earnings results — and any sign of profit recovery — to be under the microscope.

“Earnings season kicks off next week and will provide investors with another look at the impact of COVID-19 on S&P

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New-home sales also rose sharply in August to their highest level since September 2006. Sales of newly built homes reached an annual rate of 1.01 million in August 2020, 43.2 percent higher than in August 2019, according to the Census Bureau. New-home sales were also up 4.8 percent compared to July 2020.

Low inventory and high prices

While demand for houses is strong despite the coronavirus pandemic, the shortage of homes for sale means that prices are rising rapidly in many markets. The number of existing homes for sale dropped by 18.6 percent in August 2020 compared to August 2019, according to NAR. Inventory of newly built but unsold homes also dropped dramatically by 40 percent compared to August 2019 to the lowest supply since the data has been tracked beginning in 1963.

For the Washington area, the median listing price was up 9.2 percent for the week ending Sept.

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(Bloomberg) — Demand for cars in China is going from strength to strength, making the automobile market in Asia’s biggest economy a lone bright spot as the coronavirus pandemic puts a damper on sales in Europe and the U.S.



a group of people standing on top of a car: A customer speaks with a sales agent while standing between a Ford Motor Co. Everest sport utility vehicle (SUV), right, and a Mustang sports car on display at a Ford dealership in Shanghai, China, on Thursday, July 19, 2018. The fledgling U.S.-China trade war will take a toll on companies from both sides, with some tariffs in place and the potential to escalate into consumer boycotts.


© Bloomberg
A customer speaks with a sales agent while standing between a Ford Motor Co. Everest sport utility vehicle (SUV), right, and a Mustang sports car on display at a Ford dealership in Shanghai, China, on Thursday, July 19, 2018. The fledgling U.S.-China trade war will take a toll on companies from both sides, with some tariffs in place and the potential to escalate into consumer boycotts.

Sales of sedans, SUVs, minivans and multipurpose vehicles jumped 7.4% in September from a year earlier to 1.94 million units, the China Passenger Car Association said Tuesday. That’s the third straight monthly increase, and it was driven primarily by demand for SUVs.

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Shopify Inc.’s

recent expansion into physical distribution is looking prescient, as surging digital sales during the coronavirus pandemic boost demand for the e-commerce technology company’s fulfillment services.

The Shopify Fulfillment Network that handles the storing, packing and shipping of goods for online sellers “enrolled more merchants and increased our fulfillment volume…by two-and-a-half times over Q1” in the second quarter, Thomas Epting, director of the network, told The Wall Street Journal. “We’re seeing good in-year growth and certainly ample demand.”

The expanded business for handling physical goods is part of the growing demand Shopify has seen for its main business providing the digital tools for retailers to reach consumers online.

That capability has become critically important for many merchants as the coronavirus pandemic has upended American life and the

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By Yilei Sun and Brenda Goh

BEIJING (Reuters) – General Motors Co (GM)

on Monday said continued market recovery from the COVID-19 crisis helped its China vehicle sales grow 12% on year in July-September, marking the Detroit automaker’s first Chinese quarterly sales growth in two years.

The second-biggest foreign automaker in China by units – after Germany’s Volkswagen AG

– said on Monday it delivered 771,400 vehicles in China in the third quarter. That followed a 5% fall in the second quarter, when parts of China were still emerging from virus-busting lockdown measures.

GM has a Shanghai-based joint venture with SAIC Motor Corp Ltd <600104.SS> making Buick, Chevrolet and Cadillac vehicles. It has another venture, SGMW, with SAIC and Guangxi Automobile Group, producing no-frills mini-vans and which has started manufacturing higher-end cars.

Sales rose 26% for cars under its mass-market Buick brand in the third quarter versus the same period

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Watty Brooks Hall, the owner of the Brooks Collection, plans to keep her iPhone charged and ready for more FaceTime calls this holiday season.

Her Collierville, Tennessee gift shop introduced virtual shopping for consumers who don’t feel comfortable coming inside but want to see the pottery, gifts and home goods up close. Hall also plans to post more photos on Instagram and Facebook where engagement has been up since the pandemic.

Texas-based Stag Provisions also is engaging more with shoppers on social media. It will also stock more comfortable clothes such as t-shirts and sweatpants this holiday season as people continue to spend a lot of time at home. 

And Gibson’s Bookstore, New Hampshire’s oldest independent book shop established in 1898, hopes to drive online sales with its new curbside pickup option.

Small retailers across the country have had to get creative to keep the lights on after dealing with

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Amazon Prime Day is coming up fast.

The two-day sales event typically happens in July, but it had to be postponed this year because of the coronavirus pandemic.

Last year, Prime Day was reportedly Amazon’s biggest day for sales and surpassed Black Friday and Cyber Monday combined, according to the company.

TRANSGENDER MAN SUES AMAZON, CLAIMING HE WAS HARASSED, DEMOTED AFTER REVEALING PREGNANCY

The day reportedly made Amazon more than $7 billion in just 48 hours last year. According to a report from CNET, this year’s Prime Day is estimated to bring in $9.9 billion worldwide.

Here’s what else you need to know about the online shopping event.

SILICON VALLEY REPORTEDLY POURING MONEY INTO

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