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Google Business NewsAug 13, 2020
US records deadliest COVID-19 day of summer with over 1,500 deaths | TheHill - The Hill
US records deadliest COVID-19 day of summer with over 1,500 deaths | TheHill  The HillCovid Deaths Spike As U.S. Records Worst Daily Toll Since Mid-May  ForbesUp to 204,691 Extra Deaths in the US So Far in This Pandemic Year  Snopes.comThe US reported the highest single-day COVID-19 death toll since mid-May - Business Insider  Business Insider

Forbes HeadlinesAug 13, 2020
T-Mobile for Business BrandVoice: Mobility With A Conscience: How Seattle Goodwill Gives Marginalized Communities Hope In A Pandemic
When Seattle Goodwill shuttered its 24 stores because of COVID-19, it also meant closing its job training classrooms and other services most people never see. T-Mobile for Business stepped in to make sure these services could continue changing people's lives for the better.

Chicago Tribune Business NewsAug 13, 2020
From cabdrivers to concession cashiers, workers supported by Chicago's airports wonder when — or if — they'll go back. ‘I don't see a future.'
The drop in air travel from COVID-19 has hurt an entire network of businesses around Chicago's airports. And a full return to normal could take years.

MarketWatch MarketPulseAug 13, 2020
Millennial-focused retailer Revolve upgraded as a quick inventory shift makes up for a drop in dress sales, stock jumps 18%
Revolve Group Inc. shares jumped 18% in Thursday trading after the millennial- and Gen Z-focused apparel retailer reported record-setting earnings of 20 cents per share, adjusted earnings of 18 cents per share and talked up the opportunities for the e-commerce business despite COVID-19. "[S]ocial distancing restrictions result in fewer opportunities to purchase outfits for special occasions outside the home, such as dresses, which is REVOLVE's largest product category," said Co-Chief Executive Michael Mente on the earnings call, according to FactSet. The company now sees opportunity in the beauty category and other areas, and has been helped by a swift inventory adjustment after the company began to be pressured by the coronavirus pandemic. Still, there is growth potential in traditional categories as the consumer spending environment improves. "We expect growth to accelerate further as social distancing eases and should be a key driver for its core dresses category," wrote Raymond James analysts in a note. Raymond James upgraded Revolve stock to strong buy from outperform, with a price target of $32, up from $18. "Revolve remains well positioned as the fashion market increasingly shifts online and this has accelerated with the pandemic," Raymond James said. BMO Capital Markets raised its price target to $18 from $11, maintaining its market perform stock rating. And Cowen analysts moved their price target to $28 from $19 and maintained their outperform stock rating. "New at-home product, innovative marketing engagement, reduced marketing spend, and lower than expected returns more than offset lower performance in dresses," analysts led by Oliver Chen wrote. Revolve stock has gained 25.3% for the year to date while the S&P 500 index is up 4.7% for the period.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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