Businesses will have to show they have adequate safety measures in place when they reopen during the coronavirus pandemic, according to the CEO of a nonprofit that helps companies plan for and recover from disasters. “Customers are going to be demanding not just assumptions of safety but visible steps and measures that companies are taking
Month: April 2020
Terry Crews, actor, former NFL player, and the host of Netflix’s “Ultimate Beastmaster,” discusses the diet he’s followed for the last five years to stay in great shape. ————————————————– Follow BI Video on Twitter: http://bit.ly/1oS68Zs Follow BI on Facebook: http://bit.ly/1W9Lk0n Read more: http://www.businessinsider.com/ ————————————————– Business Insider is the fastest growing business news site in the
The FT meets the key players and influencers in the obsessive world of sneaker resale, where trainers like those from Nike Air Jordan and Adidas Yeezy can make a fortune for entrepreneurs that treat shoes like stocks on platforms including StockX. Read more on the sneaker business with one free story: https://www.ft.com/content/2155aa3e-d08b-11e8-9a3c-5d5eac8f1ab4. Subscribe to the
In less than one year, WeWork went from having a $47 billion valuation and being the darling of the venture capital world to needing an $8 billion infusion to avoid running out of money. This is the story of Adam Neumann, Softbank’s risky investment, a failed IPO and how we got here. ——– Like this
Blasted into the side of a steep Arizona mountain, Cathy and Randy Clark’s cave home is surprisingly cozy.
The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County, Texas, U.S. November 24, 2019. Angus Mordant | Reuters Stay-at-home orders aren’t only hitting mom-and-pop businesses. They’re also a driver behind the cratering price of oil. For example, the cost of a futures contract for
An Astra rocket on the launchpad in Kodiak, Alaska. Astra | John Kraus Years of private funding flowing into young and growing space companies has ground to a halt during the coronavirus pandemic, in what one firm describes as a “culling” of space companies backed by venture capital. Investment in private space companies had seen a
From logistical issues, like finding someone to do your grocery shopping, to emotional ones, such as coping with anxiety and depression in isolation, the Covid-19 pandemic has brought to the forefront an experience that can be strangely uncomfortable for many: asking for help. This is not always an easy task, even outside of a pandemic,
Jamie Black-Lewis received loans from the Paycheck Protection Program for her two spas, Oasis Medspa & Salon and Amai Day Spa, in Washington state. Many of her 35 employees think they will make more money collecting unemployment benefits than from their regular paychecks. Jamie Black-Lewis Jamie Black-Lewis felt like she won the lottery after getting
A man walks with an umbrella outside of AT&T corporate headquarters on March 13, 2020 in Dallas, Texas. Ronald Martinez | Getty Images AT&T‘s first-quarter revenue fell short of Wall Street expectations and the company pulled its annual forecast on Wednesday, as the impact of the coronavirus outbreak overshadowed a strong growth in monthly phone
A salesman talks to a person in a vehicle at a Fiat Chrysler Automobiles (FCA) car dealership in Moline, Illinois. Daniel Acker | Bloomberg | Getty Images Big discounts, low financing rates and states loosening restrictions on auto dealerships are assisting in a sales rebound heading into the end of April, according to J.D. Power.
Hundreds of millions of dollars of in Paycheck Protection Plan emergency funding has been claimed by large, publicly traded companies, new research published by Morgan Stanley shows. In fact, the U.S. government has allocated at least $243.4 million of the total $349 billion to publicly traded companies, the firm said. The PPP was designed to
Roughly 22 million Americans have filed for unemployment in the last month while the coronavirus pandemic upended the U.S. economy. But those numbers only account for people who’ve been able to get past site crashes, never-ending wait times by phone and other logistical challenges in order to file an unemployment claim with their state office.
US Senator Chuck Schumer speaks at media briefing with mayor Bill de Blasio on first death related to COVID-19 outbreak in New York CIty at City Hall. Lev Radin | Pacific Press | Getty Images Congress is hashing out the terms for the next package of federal loans for small businesses, even as millions of
Glow Wellness | Getty Images Gyms in China‘s capital city of Beijing were forced to close again over the weekend, adding pressure to an industry that’s already seen the collapse of thousands of fitness businesses nationwide. The coronavirus, which emerged late last year in the Chinese city of Wuhan, has swept across the country and only started
Reed Hastings attends Reed Hastings panel during Netflix ‘See What’s Next’ event at Villa Miani on April 18, 2018 in Rome, Italy. Getty Images Netflix is set to report its Q1 2020 earnings after the bell on Tuesday. The company has seen its stock outperform the market during the coronavirus pandemic as stay-at-home orders have
A United Airlines Boeing 787 Dreamliner sits parked at the terminal at San Francisco International Airport in San Francisco, California. Justin Sullivan | Getty Images United shares fell close to 2% in extended trading after the airline said it’s planning a fresh stock offering, the latest measure by a carrier to raise money as the
freemixer | E+ | Getty Images Social Security beneficiaries who do not typically file tax returns have until tomorrow to tell the government to include their dependent children in their stimulus payments. The U.S. government is in the process of deploying one-time checks of up to $1,200 to Americans who qualify, including those receiving Social
The crude oil tanker, Chemtrans Cancale, is seen anchored off shore as it waits to dock at Port Everglades on April 20, 2020 in Fort Lauderdale, Florida. Joe Raedle | Getty Images “Know what you own” is an old adage when investing, but it is especially important when owning investments that hold futures contracts. Just
Situated on a Brooklyn city block lined with a dry cleaner, several eateries and a preschool is Woods Grove, a small storefront embellished with gold lettering. The modest exterior houses an eclectic mix of gifts and vintage items, from candles and soaps to scarves and jewelry. After two years in Brooklyn, Woods Grove’s business was
In the course of my 36-year career, I’ve covered five crashes in the price of oil. In two cases OPEC, OPEC + or some group of oil producers flooded the markets with crude oil to gain competitive advantage over rival countries. In two other cases, financial market shocks crushed the price of crude and in
An employee works on the production line of the Swire Coca-Cola Beverages Hubei Limited on March 24, 2020 in Wuhan, Hubei province, China. Getty Images Coca-Cola on Tuesday said that the closure of movie theaters, restaurants and stadiums from the coronavirus is continuing to hurt its business, with a material impact expected on its second-quarter results. The
New York Governor Andrew Cuomo (D) speaks during a press Conference at the State Capitol. Michael Brochstein | Barcroft Media | Getty Images New York’s unemployment website “collapsed” following a surge in claims after the state shuttered nonessential businesses to curb the coronavirus pandemic, putting a record number of New Yorkers out of work, Gov.
At its peak, Forever 21 made $4.4 billion in revenue and was one of the fastest-growing fast fashion empires. Now, the retailer is preparing to file for bankruptcy after alienating its core customers and struggling to keep up with the rise of e-commerce. As one of the largest tenants of American malls, a large-scale shutdown
►Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs John Nash, the US mathematician who has died at 86, is hailed with putting game theory at the heart of economics. Ferdinando Giugliano explains why his work is so important and how the Nash equilibrium theory works. ► FT Wealth: http://bit.ly/1e3996C ► FT Global Economy: http://bit.ly/1J5mmqH ►
Back in the 1990s, Portugal faced a heroin crisis. Most people knew someone affected by the lethal drug. Just two decades later, the country has one of the lowest drug-related death rates in the world. This dramatic turnaround isn’t credited to a hard-line approach, but instead by decriminalizing all drugs. Video by Tom Gibson ———-
Berkshire Hathaway CEO Warren Buffett talks about how his business partner Charlie Munger analyzes business more thoroughly than most investors.
Raymond Boyd Some big restaurant chains have gotten called out in recent days for using a loophole in the $2.2 trillion coronavirus relief law to access loan money earmarked for smaller businesses. Potbelly Sandwich Shop, for example, got a $10 million loan from the Paycheck Protection Program — the upper lending limit. Ruth’s Chris Steak House got
Billionaire entrepreneur Mark Cuban joined CNBC’s “Fast Money” on Monday. Cuban, owner of the NBA’s Dallas Mavericks, has been vocal during the coronavirus pandemic, arguing for government relief measures that prioritize workers and puts restrictions on stock buybacks. Cuban last week criticized how some banks were handling the newly created small business loan program, telling CNBC that
If you and your partner are worried about the impact the coronavirus pandemic may have on your job security or finances, it’s a good idea to start working together now to shore up the stability of your household. To help you get started, here are five tips from financial experts on what to do now
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