COVID-19 Triggered Mass Layoffs At High-Profile Startups
Many high-profile startups have been hit hard by the COVID-19 pandemic shutdowns. Massive layoffs have occurred across many sectors with few startups unscathed.
Category: Business
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Business News Weekly Roundup
Some Americans may be receiving stimulus payments and throwing them away. Approximately 4 million economic impact payment cards with Cares Act stimulus money pre-loaded on them have been mailed in plain white envelopes that are easily mistaken for junk mail.
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The Struggle of Economies that Rely Heavily on Tourism
Tourism is one of the industries hardest hit by the COVID-19 pandemic. During quarantine lockdowns pleasure travel ceased and business travel was extremely limited, if available at all.
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Business in a Blink: Week in Review
According to research conducted by the University of Chicago, a whopping 42% of those Americans who have been unemployed by the coronavirus will not have jobs to return to when the country fully reopens.
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The Fastest Growing (and Declining) Retail Brands
The COVID-19 pandemic has demolished retail sales, which has already caused some retailers to file bankruptcy. Some retailers have been hit harder by the pandemic than others, while some have actually seen an increase in brand value when compared to 2019. The data presented in this graphic was taken from Cantor’s Brandz 2020 report and […]
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Why we support the Prime Act for a more resilient and anti-fragile food supply in America
For years the resiliency in America’s infrastructure has been a bipartisan concern. In recent weeks, reasons for extending this concern to food infrastructure have loomed increasingly larger. The closing of some of the nation’s largest meat processing plants, and subsequent reopening upon President Trump’s classification of meat processing plants as “essential infrastructure” provide legal clout […]
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BoA Raises $1 Billion with COVID-19 Bond to Fight Pandemic
BoA sold a $1 billion corporate bond specifically to help finance part of the health industry amid the coronavirus pandemic.
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Elon Musk Defies California Governor’s Order, Reopens Tesla
Musk’s decision to reopen the Tesla plant should keep investors interested. Not only is Tesla resuming operations, but it’s also increasing production.
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Mobile App Popularity: Pandemic Winners and Losers
The coronavirus pandemic has had a distinct impact on the app market in North America. Some types of apps are seeing explosive growth in the number of active users and downloads. Others have seen a drastic decline in popularity.
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Demand for Plant-Based Meats Surge Amid Meat Shortages
As supplies of pork, beef, and chicken dwindle, consumers are turning to the alternative option of plant-based meats.
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Supermarket Meat Shortages Force Consumers to Buy Directly From Farms
Major meat processing plants in the United States have been heavily impacted by the coronavirus pandemic causing meat shortages and purchasing limits across the country.
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Disney Earnings Down Over 90% Amid COVID-19 Pandemic
New Disney SEO Bob Chapek bravely presented the company’s first earnings report since he took over the position this quarter. As anyone could imagine, the financial effects of the coronavirus pandemic have been devastating.
