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Reuters | Equities.com |

Restaurant Brands International Inc beat quarterly revenue estimates on Friday, as a reopening U.S. economy and government stimulus checks boosted spending at the company's Burger King chain.

After a year of ordering in, more Americans have started to go back to restaurants as a $1,400 stimulus payment from the government in March boosted spending, while the rollout of COVID-19 vaccines lifted consumer confidence.


Reuters | Equities.com |

Amazon.com Inc, one of the biggest winners of the pandemic, posted record profits on Thursday and signaled that consumers would keep spending in a growing U.S. economy and converts to online shopping are not likely to leave.

Since the start of the coronavirus outbreak, shoppers have relied increasingly on Amazon for delivery of home staples, and the company sees this trend continuing post-pandemic, particularly for groceries.


Kimberly Redmond | Equities.com |

Uber Technologies plans to recruit 20,000 more drivers in the UK to help fill growing demand for rides as the country continues to ease COVID-19-related restrictions.

On Thursday, the San Francisco-based ride hailing company said it will sign up the additional drivers by the end of 2021, adding to the 70,000 it already has in the UK.


Kimberly Redmond | Equities.com |

Google’s parent company Alphabet Inc (Nasdaq: GOOGL) is saving $1 billion annually after employees were given permission to work from home due to the pandemic.

In its Form 10-Q filing with the US Securities and Exchange Commission for the first quarter of 2021, Alphabet reported that it saved $268 million during the period since the company has not been spending as much on promotions, travel and entertainment “primarily as a result of COVID-19.”


Kimberly Redmond | Equities.com |

The family of Samsung Electronics Co’s late chairman said Wednesday it will be paying off a massive inheritance tax bill of $10.78 billion and donating his vast private art collection to help offset tax liability, according to reports.

In a statement, Lee Kun-hee’s family said, “As provided for under the law, the Family plans to pay the full amount of the inheritance tax over a period of five years, starting in April 2021.”


Kimberly Redmond | Equities.com |

Hino Motors, a subsidiary of Toyota Motor Corporation, is teaming up with Israeli startup REE Automotive to develop electric trucks, buses and commercial vehicles.

In an announcement Tuesday, the companies said they expect to develop their first hardware prototypes by 2022 but did not say when commercial vehicles from the partnership may hit the streets.


Kimberly Redmond | Equities.com |

Facebook Inc and Gucci America Inc announced Tuesday that they filed a joint lawsuit against an individual who allegedly used the social media company’s platforms to sell fake Gucci products.

In a lawsuit filed Monday in the US District Court for the Northern District of California, the luxury fashion house and social networking giant claim the individual – who was not identified – used multiple Facebook and Instagram accounts to promote an international online counterfeit businesses.


Kimberly Redmond | Equities.com |

Amazon.com Inc’s (Nasdaq: AMZN) Prime customers in over 5,000 cities and towns across the US will now be able to have groceries delivered inside their garage.

On Tuesday, the e-commerce giant announced it is expanding its Key by Amazon garage grocery delivery service, which originally launched last November as a pilot program in Chicago, Dallas, Los Angeles, San Francisco and Seattle.


AP News | Equities.com |

The trade association representing most major automakers is offering guidelines for manufacturers to advertise partially automated driving systems and to make sure drivers are paying attention while using them.

The Alliance for Automotive Innovation says its members support the voluntary principles, which come as two federal agencies increase scrutiny of Tesla’s Autopilot diver-assist system after two men were killed in a fiery crash near Houston. Such systems can keep vehicles centered in their lane and a safe distance behind traffic in front of them.


Reuters | Equities.com |

HSBC Holdings PLC beat quarterly profit forecasts and released $400 million it had set aside to cover bad loans caused by the pandemic, as rapid vaccine rollouts in the United States and Britain raise hopes for an economic recovery.

Europe's biggest bank by assets cautioned, however, that high levels of uncertainty meant it was keeping the bulk of the $3 billion it set aside a year ago to cover potential bad debts.