Business News
Ten Things We Need To Know About Paycheck Protection Program Loan Forgiveness
Forbes - 16 Apr 2020 02:57
Nearly $350 billion has been loaned to small businesses in two weeks under the new Paycheck Protection Program. We know that most of these loans will be forgiven. What we don't know is how the forgiveness works.
The $350 Billion Small Business Loan Program Is Officially Out Of Money. Lawmakers Can't Agree On What Happens Next.
Forbes - 16 Apr 2020 16:51
The emergency loan program that is a cornerstone of the $2 trillion CARES Act has now exhausted its $350 billion in funding.
GoPro plans more layoffs as sales tank amid spread of coronavirus
Market Watch - 16 Apr 2020 00:47
GoPro Inc. announced Wednesday plans to lay off more than 20% of its remaining staff and cut out retailers from its sales as revenue reels from the spread of COVID-19.
Need security and speed? This top-rated VPN gives you both.
Venture Beat - 16 Apr 2020 18:12
A good VPN is crucial for safe browsing these days. KeepSolid VPN Unlimited has security, accessibility, and no bandwidth limits - all on sale for $39.
Abbott beats profit estimates but suspends forecast on coronavirus concerns
Reuters - 16 Apr 2020 15:27
Abbott Laboratories beat quarterly profit estimates on Thursday as stay-at-home orders prompted customers to stockpile its nutrition products but the company suspended its full-year forecast due to the coronavirus-led un...
Los Angeles Chargers NFL Draft Preview: 3 Quarterback Candidates To Replace Philip Rivers
Forbes - 16 Apr 2020 12:20
The Los Angeles Chargers can't wait to get on the clock to draft a fresh arm to put under center.
Stocks head for higher ground, oil stuck in a rut
Reuters - 16 Apr 2020 11:09
Europe led world stock markets back to higher ground on Thursday as tentative moves to reopen parts of the some of its larger coronavirus-hit economies offset some truly stinking global economic numbers.
Screens are lifesavers right now, but they’re still relationship wreckers
Fast Company - 16 Apr 2020 09:00
When you gaze at your phone rather than the people in your life, you’re damaging a fundamental aspect of human bonding. Digital technology has been a lifeline during the COVID-19 health crisis. Yet, its impact on human...
Google to slow hiring for rest of 2020, CEO tells staff
Reuters - 16 Apr 2020 00:47
Alphabet Inc's Google will slow hiring for the rest of the year, Chief Executive Officer Sundar Pichai told the company's staff in a memo on Wednesday.
Americans Are Spending Their $1,200 Stimulus Checks On Expensive Purses
Forbes - 16 Apr 2020 22:23
Spending has rocketed this week. People might have been buying necessities, but they've also bought a whole bunch of pricey stuff.
Facebook Will Begin Warning You If You Interact With Fake Coronavirus News
Forbes - 16 Apr 2020 15:58
A new feature will place red-flag notices in users' News Feeds.
Canadian Bankers Expect a Bond Boom
Wall Street Journal - 16 Apr 2020 14:58
The Bank of Canada said it would buy Canadian corporate bonds for the first time, a move aimed at unfreezing markets hit by coronavirus concerns.
IAC Is a Bit of a Fixer-Upper
Wall Street Journal - 16 Apr 2020 13:30
Investors are betting on IAC's remodel, but just how quickly can the whole thing be fixed?
The new ‘New York Times’ podcast ‘Rabbit Hole’ sends you down one to see what the internet does to us
Fast Company - 16 Apr 2020 09:00
Hosted by Kevin Roose, the new pod expands on the star reporter’s work exposing how YouTube can radicalize viewers. Last year, New York Times reporter and columnist Kevin Roose wrote an engrossing, investigative story ...
TikTok Teams Up With National PTA to Donate $2M to K-12 Programs
AdWeek - 16 Apr 2020 05:10
TikTok is teaming up with the National PTA to donate $2 million toward funding critical K-12 programs that support distance learning, as well as school meal benefits. The company said the funds will support students, com...
Bed Bath & Beyond shares rise as earnings top estimates, retailer plans to maintain some key investments
CNBC - 16 Apr 2020 04:05
Bed Bath & Beyond said that its results in 2020 "will be unfavorably impacted" by the crisis, and so it will not be offering a first-quarter nor full-year outlook.
Oil bounces back as rising stockpiles seen pointing to lower output amid coronavirus
Reuters - 16 Apr 2020 03:08
Oil rose on Thursday, with U.S. crude rebounding from near-20-year lows in the previous session on hopes that a big build-up in U.S. inventories may mean producers have little option but to deepen output cuts as the coro...
Options Markets Offer Ominous Outlook For Stocks
Forbes - 16 Apr 2020 02:41
Stock investors might getting ahead of themselves as the current rally in US stocks stalls. We take a look at the options market to get more insights on what to expect.
Trump threatens to take the extraordinary step of adjourning Congress after going on a wild rant against Voice of America
Business Insider - 16 Apr 2020 01:49
Associated Press President Donald Trump threatened to take the extraordinary step of forcing Congress to adjourn because the Senate hasn't confirmed Michael Pack, his nominee for the US agency that oversees Voice of Amer...
Matternet CEO: Drones would be helpful right now if we could deploy them at scale
Venture Beat - 16 Apr 2020 23:18
In the era of social distancing, even perfectly-matched autonomous drone startup Matternet that delivers medical supplies has had to slow down.
Brazil's President Bolsonaro Sacks Coronavirus Health Minister
Forbes - 16 Apr 2020 23:17
Bolsonaro dumps his version of Fauci. Brazil Medical Association approves of new Health Minister as coronavirus fight heats up.
VentureBeat's flagship AI event, Transform, goes fully digital and extends to 3 days
Venture Beat - 16 Apr 2020 22:48
VentureBeat's AI event of the year for enterprise decision-makers, Transform 2020, is shifting to an online-only event.