Four reasons online retail trade can keep working

Amazon Prime Day has arrived.

Amazon’s bargain-focused two-day shopping holiday on Tuesday and Wednesday highlighted consumers’ shift to buying online in a difficult year for brick-and-mortar retailers. The stock is up almost 89% year to date, driving online retail-based exchange-traded funds that hold the name.

The three ETFs with the most Amazon exposure on the market — Fidelity’s MSCI Consumer Discretionary Index ETF (FDIS), ProShares’ Long Online/Short Stores ETF (CLIX), and ProShares’ Online Retail ETF (ONLN) — are up 38%, 85% and 93% this year, respectively. ONLN hit a 52-week high Tuesday.

Four key factors have been driving investors to e-commerce, Simeon Hyman, global investment strategist at ProShares, told CNBC’s “ETF Edge” on Monday.

First, “the transition is earlier than you think. You have not missed it,” he said. “Only 16% of retail sales were online in Q2. So, 84 cents were spent in brick-and-mortar stores and a lot of

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The Latest: Biden says Trump ‘looks down on’ working class | Politics

WASHINGTON (AP) — The Latest on the 2020 presidential campaign (all times local):

6:25 p.m.

Joe Biden is pitching an economic message as he campaigns in Arizona with his running mate Kamala Harris, telling a union crowd that President Donald Trump “looks down on” working Americans.

The Democratic presidential nominee told a masked, socially distanced crowd at a Phoenix area union training facility on Thursday that the country “deserves a president who understands what the American people are going through. Who sees who you are, what you want to be.”

A key part of Biden’s closing argument ahead of the Nov. 3 election is to pitch Trump as only pretending to care about the working-class voters that propelled his 2016 victory.

He blasted the Republican president for walking away from congressional negotiations for a new pandemic relief package and for asking courts to strike down the 2010 Affordable Care Act.

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CEOs Are Working With PressRelease.com to Easily Plan a Consistent, Cost-Effective Press Release Campaign Strategy

Press release content from Newswire. The AP news staff was not involved in its creation.

SARASOTA, Fla. – October 8, 2020 – ( Newswire.com )

For CEOs leading and navigating their organizations through a post-COVID economy, there can be a lot to manage. PressRelease.com developed its wire distribution solutions to serve the needs of CEOs by providing an easy-to-use, affordable press release distribution service that can help them grow online visibility, improve online search performance, and get recognition within their respective industry.

“PressRelease.com was designed to help leaders get the job of implementing a media and marketing strategy done quickly and easily,” says Erik Rohrmann, COO at PressRelease.com. “With everything going on in the current state of the economy, things like media outreach and media and marketing initiatives can often get overlooked. With PressRelease.com, campaigns can be easily planned well in advance to ensure consistent business

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Cryptic Studios interview: Surviving Atari, working with Wizards, and a changing business model

Cryptic Studios is entering its third decade in the massively multiplayer online game market, where it started (like everyone else) in paid subscriptions before moving on to the free-to-play model.

In that time, CEO Stephen D’Angelo has seen the company grow from working on one game (City of Heroes) to now maintaining three MMORPGS: Champions Online (Cryptic also owns the pen-and-paper IP after the deal it had with Marvel fell apart and the studio pivoted to another brand), Star Trek Online, and Neverwinter.

And for the first time since the early 2010s, Cryptic is getting ready to release a new game: Magic Legends, which is a more action-RPG take on its MMO model.

I spoke with D’Angelo over the summer about the studio’s history and how Cryptic approaches the business. We talked about how it’s thrived since partnering with Perfect World after the Atari meltdown, how it came to work

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