U.S. dollar chains report profit surge as downturn makes shoppers thrifty

America’s biggest dollar store chains reported better-than-expected quarterly profit on Thursday, as cash-strapped consumers sought lower priced groceries and household items in a coronavirus-induced economic downturn. Sales at Dollar General Corp (DG.N) and Dollar Tree Inc (DLTR.O) remained robust even after the panic-buying surge at the start of lockdowns, with high U.S. unemployment pushing demand […]

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Auto tech firm Veoneer teams up with Qualcomm on driver software

Veoneer (VNE.N) (VNEsdb.ST) will cooperate with Qualcomm Technologies (QCOM.O) on developing a software and chip platform for driver-assistance systems, the auto technology firm said on Thursday, sending its shares sharply higher. The Swedish maker of vision systems, radar and software for advanced driver-assistance systems (ADAS) said it had signed a non-binding letter of intent with […]

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