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.
Category: Economy
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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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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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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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Stock Markets Rally While Unemployment Claims Continue Rising
The Dow, Nasdaq, and S&P 500 saw gains today as the U.S. Labor Department released its frightening weekly jobless claims report.
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Dow and S&P 500 Have Best April in 82 Years
You’d have to look back to 1938 to find an April to find better returns for the Dow and S&P 500 than this year’s April gains.
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How Big Tech is Helping Fight Coronavirus
As the world is making its way through the coronavirus pandemic everyone is chipping in to help out and that includes the BIG FIVE Tech companies.
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Coronavirus Could Cause Spike in Lawsuits Against Businesses
As businesses prepare to reopen and resume operations after the coronavirus pandemic there is another big issue looming. A wave of lawsuits is coming.
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COVID-19 Job Losses Compared to Historic Unemployment Claims
These previous peak periods of unemployment pale in comparison to the 22 million new unemployment claims over the last four weeks.
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Markets See Gains As Some States Gradually Reopen
The markets are getting a boost today as some COVID-19 restrictions are lifted.
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Tidal Wave of Business Bankruptcy in the Forecast
In these desperate times, business owners are exhausting cash reserves and lines of credit to avoid bankruptcy under this immense pressure.
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New Unemployment Claims Down, But Still Extreme
The good news is that the number of new claims for unemployment benefits dropped to 5.2 million during the week from April 4 through April 11.
