Month: August 2020

Covid-19 has exacerbated long-standing racial disparities in the U.S., data shows. The pandemic has disproportionately impacted people of color, particularly Black people, across the country and has highlighted years of health and social inequities. It’s “been very painful to watch,” Snap co-founder and CEO Evan Spiegel said on the “How Leaders Lead with David Novak” podcast on Thursday. “The
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Better Economic Outcomes Do Not Follow From Riskier Public Health Approaches getty The responsibility for balancing public health and an economic recovery has fallen on state governments. Some states, such as Massachusetts, New York and Washington, chose to go slow with lengthy stay-at-home orders and a gradual reopening. Others, such as Florida, Georgia and Texas,
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TOPLINE NPR reported Tuesday that thousands of foreign workers who were in the U.S. on temporary visas erroneously received $1,200 stimulus checks in the error-prone process of distributing financial aid across the country to blunt the coronavirus pandemic’s economic impact. Foreign workers in at least 129 countries have received stimulus payments, according to NPR. Getty
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Financial services startup for mom-and-pop landlords, Zibo announced today the closure of a $10.5 … [+] seed funding round. Zibo Zibo, a banking and payment platform for independent landlords, announced today that it has raised $10.5 million in seed funding to help scale its one-stop-shop approach to financial management for residential rental properties. “It’s a
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Coronavirus relief talks are set to resume Tuesday after “productive” efforts to strike a deal left Democrats and Republicans with with outstanding sticking points. On Monday, President Donald Trump urged Americans to stay “vigilant” against the coronavirus as U.S. officials begin to see new “flare-ups,” including in states like Georgia, Mississippi, Tennessee, Oklahoma and Missouri. Trump also presented a
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A man exits the American International Building, world headquarters of American International Group (AIG). Chris Hondros | Getty Images Insurer American International Group on Monday posted a 56% fall in quarterly adjusted earnings, spurred partly by higher catastrophe losses and lower private-equity returns. Adjusted after-tax income attributable to AIG common shareholders fell to $571 million
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Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology (IIT) in New Delhi, India, November 12, 2018. Anushree Fadnavis | Reuters Shares of Square soared on Tuesday evening after posting better-than-expected quarterly results and strong growth in its consumer payments app. The San Francisco-based company reported $1.92 billion
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The Securities and Exchange Commission is investigating Eastman Kodak‘s disclosure about getting awarded a $765 million loan from the U.S. government to start producing drug ingredients, which sent the stock up on heavy volume ahead of the official announcement, the Wall Street Journal reported Tuesday. On July 27, a day before Kodak, as well as President Donald
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Howard Schultz, the former Starbucks CEO, on Tuesday urged Congress to provide additional financial support to small businesses, saying that the now-iconic coffee chain would have struggled to weather the economic impacts of the coronavirus pandemic in its early years.  In 1987, Starbucks had just 11 stores and about 100 employees, Schultz said on CNBC’s “Squawk
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getty Back-to-school may look different in 2020, but that doesn’t mean that parents and teachers won’t be shopping. According to the National Retail Federation, consumers could spend a record amount in 2020 to prepare students for school and college as they buy more laptops and computer accessories for online shopping.  “By any measure, this is an
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Bob Chapek, chairman of Walt Disney Parks and Experiences, stands for a photograph at an unveiling event of Star Wars: Galaxy’s Edge at Walt Disney Co.’s Disneyland theme park in Anaheim, California, U.S., on Wednesday, May 29, 2019. Patrick T. Fallon | Bloomberg | Getty Images Disney is set to report earnings for its third
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