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Parents and guardians looking to keep kids entertained this summer reportedly helped boost sales of LEGO sets. The company’s second quarter report shows a 14 percent increase in sales during the first half of 2020 over the same time period last year.“During the first half, we saw the benefits of our investments in long-term growth initiatives such as e-commerce and product innovation,” the LEGO Group CEO, Niels B. Christiansen said in a statement.He also thanked employees and colleagues who did “everything they could to stay safe and bring play to children and families around the world.”Despite citing growth in e-commerce, LEGO is planning to open dozens of new stores yet this year.The toy company announced they are still on track to open 120 new stores in 2020, with about 80 of them based in China. They reported 46 stores around the world have already opened this year.Christiansen told the BBC sales of more complicated and larger LEGO sets grew by two and a half times in the first half of the year, possibly as families spent more time at home in lockdown and needed projects to do together.The company’s report also shared the top selling LEGO themes, in no particular order:LEGO TechnicLEGO Speed ChampionsLEGO ClassicLEGO Star WarsLEGO Harry PotterLEGO Disney Princess 1295

Pawn shops offer a way for people to get fast cash for loaned items, or for them to shop for items at a discount.When the pandemic hit, pawn shops were deemed essential and stayed open, but the reasons people came in were different than what was expected.“This is how we test diamonds, it’s a diamond tester” Michael Mack, owner of Max Pawn, said while explaining how pawn shops figure out the worth of a ring. “And then we weigh.”This is part of the process at a pawn shop, customers bring an item in and an employee assesses it. They make an offer based on value. If you say yes, you walk out the door with cash. You either keep the money and the shop eventually puts your stuff up for sale, or you bring the money back and reclaim your items.Like all industries, COVID-19 has caused some change.“Business is difficult,” Mack said. “All of these businesses are not able to do business the way they used to, and pawn shops are no different.”However, pawn shops were deemed essential. “We’re a financial institution. We remained open this entire time,” said Andy Zimmerman, CFO at Gold & Silver Pawn Shop.There to provide loans for people in need of fast cash, sometimes to those who don’t have access to a bank.“Unbanked and underbanked, they typically refer to a consumer that finds your typical bank branch not really meet their needs,” said Jonathan Polter, CEO of the app PawnGuru. The app connects customers with pawn shops, without having to go into a store first.“Traditional banks make money off a variety of transactions and because of the financial situation of the unbanked and underbanked consumer, they’re typically not credit-worthy of many of those other products,” Polter said. This was important during the last recession.“When 2008 hit, pawn shops became more prevalent because banks were giving less money to everyone. Before, pawn shops catered to a lower class middle class,” Mack explained. “We had people come in and get a loan on a Ferrari to pay their private school bill.”That’s what shop owners said they expected when the economy took a hit in March.“The anticipation was that the loan balances or the pawns would increase but, in fact, it’s worked the other way, with the federal stimulus, it seems that a lot of the customers typical of a pawn shop have in essence received a raise,” Zimmerman said. Zimmerman works at the Gold & Silver Pawn Shop in Las Vegas, a popular shop and tourist destination.“The outflow of goods versus the inflow of goods has been a surprise to everyone in the industry,” he said.Pawn shops can’t even keep certain items in stock, such as electronics, guns, and jewelry.“We were just selling through thousands of ounces of silver,” Zimmerman said. “The stimulus really had an impact on people’s behavior.”“Also bicycles, everyone wanted to ride a bicycle, so bikes are gone,” Mack said. This left many shops with low inventory, and lots of cash.“Right now, I don’t know that the industry has ever seen this before,” Polter explained. “Their industry is dried up and at the same time, they haven’t really had the time to replenish it.”“Pawn shops are not built to sit on cash,” Polter said. “They’re built to put cash into consumers pockets and that’s how they make money.”Mack’s shop is working with customers like many pawn shops are, offering curbside pickup or lowering loan interest rates for a while. “The asset is the customer,” he said.But without more loans coming in and a low inventory of items, pawn shop owners said there could be trouble further down the line.“We've been affected and if you drive to any other pawn shops there's nothing in their stores at all. So for that to come back we need a normal economy to really get loans and sell things,” Mack said. 3747

PHOENIX - Latest polling numbers released from the Secretary of State’s office shows Kyrsten Sinema has taken a slight lead over Martha McSally in the race for Arizona Senate.As of 5:30 p.m. Thursday, Sinema has 916,380 votes statewide, while McSally has 914,369.345,000 votes remain uncounted in Maricopa County while a small number of ballots remain uncounted as well in smaller counties.Officials estimate about 195,000 of those are early ballots, provisional, and out-of-precinct ballots that voters cast or dropped off on Election Day.It is one of the most-watched races across the country: will Martha McSally, a Republican, or Kyrsten Sinema, a Democrat, serve as Arizona's first congresswoman?Both are vying to fill Sen. Jeff Flake's seat after Flake's announcement in 2017 that he would not seek re-election.As preliminary results started to come in Tuesday evening, the two appeared to be in a dead heat with both flip-flopping for the lead. Maricopa County Recorder Adrian Fontes expects ballot counting to continue for several days. Officials will continue to update the results daily at 5 p.m. 1144

Pittsburgh is the latest city to launch a guaranteed income program using money from Twitter’s co-founder.In July, Twitter CEO and co-founder Jack Dorsey announced he was making millions of dollars available to cities who wanted to implement guaranteed income plans.“This is one tool to close the wealth and income gap, level systemic race and gender inequalities, and create economic security for families,” Dorsey tweeted. 432

Phil Bredesen, the Democratic candidate for U.S. Senate in Tennessee, is running with Taylor Swift's decision to endorse him, touting how rare it is for the pop star to wade into politics in a new digital video and publicly thanking her on Twitter.In a video, simply titled "Taylor Swift," Bredesen's campaign cribs Swift's song, "Look What You Made Me Do" with a slate aimed at his opponent, Republican Rep. Marsha Blackburn, that reads, "Look What Marsha Made Her Do." The video then proceeds to clip together news coverage of Swift's unexpected endorsement, with reporters repeatedly noting the move is "out of the norm" for Swift.Swift, in a lengthy Instagram post on Sunday, decried Blackburn, a Republican representative who has run toward President Donald Trump in her bid for the Senate."Running for Senate in the state of Tennessee is a woman named Marsha Blackburn," Swift wrote. "As much as I have in the past and would like to continue voting for women in office, I cannot support Marsha Blackburn. Her voting record in Congress appalls and terrifies me."Swift slammed Blackburn for not backing equal pay for women, against reauthorizing the Violence Against Women Act and for her views on gay marriage."These are not MY Tennessee values," she wrote before backing Bredesen and Rep. Jim Cooper, who is running for Congress in a safely Democratic seat.Bredesen is looking to surprise Democrats and Republicans alike and win a Senate seat in Tennessee, a state that backed Trump by 26 percentage points in 2016.On Tuesday he congratulated Swift for winning an award at the American Music Awards and tweeted a seemingly homemade video thanking her for her endorsement."Taylor, I want to just say thanks so much for your endorsement this past weekend and for the very kind words you said about me," said Bredesen, the former governor of Tennessee. "When people like you who are in a position of influence speak out on issue, it's really important and I admire you for it very much." 1998