Why Best Buy’s CEO thinks the appointment-only shopping strategy works


Selling to customers in stores by appointment only. Offering virtual tech support. And serving frustrated, sometimes hostile, customers.

That’s the new reality for Best Buy as it sells computer monitors, refrigerators and more during the coronavirus pandemic. The store has always been a place to touch and see the latest gadgets and electronics with its hands-on displays. But the company had to rethink that model as customers and employees worried about getting sick. 

The big-box retailer’s shares are down more than 4% after it reported Thursday that its first-quarter earnings and revenue fell compared to a year ago, but its

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Money expert Phil Town says ditch this common investment strategy


When it comes to investing, financial institutions spend millions, if not billions, of dollars on marketing campaigns trying to convince investors that without their expertise and knowledge, all their investments will go bust and leave them penniless. 

Phil Town believes otherwise. The former Grand Canyon rafting guide turned professional investor thinks that ordinary investors simply need to educate themselves on the market and quit feeling intimidated. “The biggest mistake people make is to assume that all of these people who are experts in the market know more than you do.”

Town, who turned $1,000 into $1.45 million in just five

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Coronvirus risks spark investor Paul Meeks to overhaul tech strategy


Paul Meeks is reworking his investment strategy due to coronavirus risks.

The long-time tech investor recently parted ways with two of his top picks: Mastercard and Visa.

“They do require to get a lot of swipe fees, a lot of face-to-face transactions in places like hotels, bars and restaurants and I just don’t see that happening,” the portfolio manager at Independent Solutions Wealth Management told CNBC’s “Trading Nation” on Friday.

His decision came before first quarter earnings season for tech gets into full gear.

Meeks, who’s known for running the world’s largest tech fund during the dot-com boom and subsequent

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Germany set to lift lockdown cautiously while UK exit strategy remains unknown


German Chancellor Angela Merkel arrives to make a press statement on the spread of the new coronavirus COVID-19 at the Chancellery, in Berlin on March 22, 2020.

Michael Kappeler | AFP | Getty Images

Germany has set out a roadmap for cautiously lifting coronavirus lockdown measures, while in the U.K., the government is set to extend the country’s lockdown, amid growing calls for an explicit exit strategy.

Germany announced Wednesday that small shops (with a retail space of below 800 square meters) will be allowed to re-open from Monday April 20, as long as hygiene and social distancing measures are

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