Zoom’s massive ‘overnight success’ actually took nine years
When you think of a social network, you probably imagine news feeds, birthday reminders and baby photos. But the social network of the moment —…
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Net-a-Porter and Next are suspending online shopping to keep workers safe
Hundreds of millions of people around the world have been told to stay home to combat the coronavirus pandemic, driving huge demand for online…
Continue Reading This Michelin-starred restaurant was closed by coronavirus. Now it’s feeding vulnerable people
Every restaurant and pub in the United Kingdom has been ordered to close as the country seeks to limit the spread of the novel coronavirus. On the…
Continue Reading The Dow is back in a bull market. Should it be?
Enthusiasm over record amounts of stimulus from governments and central banks has resulted in a three-day rally for US stocks, pushing the Dow Jones…
Continue Reading James Dyson designed a new ventilator in 10 days. He’s making 15,000 for the pandemic fight
Dyson has received an order from the UK government for 10,000 ventilators to support efforts by the country’s National Health Service to treat…
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Coronavirus is crushing New York City’s bar scene and its workers
On a typical Saturday night at 2 am, thousands of people are dancing inside the Brooklyn nightclub Elsewhere — all while scores of bartenders,…
Continue Reading Coronavirus is crushing New York City’s bar scene and its workers
On a typical Saturday night at 2 am, thousands of people are dancing inside the Brooklyn nightclub Elsewhere — all while scores of bartenders,…
Continue Reading Quibi, the on-the-go streaming service, says it could benefit from people staying home
Quibi, a mobile-only, short-form video service that launches next month, has pitched itself as “on-the-go viewing, from seven in the morning to…
Continue Reading The UK housing market is grinding to a halt because of the coronavirus
Coronavirus has disrupted most areas of life — and home buying and selling are no exception. In the United Kingdom, mortgage providers have…
Continue Reading The bill for saving the world economy is $7 trillion and rising
The United States, Europe, Japan, China and India are unleashing trillions of dollars in government spending and newly created money as they…
Continue Reading Global stocks lose momentum after a three-day rally on Wall Street
Global stocks failed to maintain their momentum Friday, indicating that a spectacular three-day rally that pushed the Dow Jones Industrial Average…
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Global stocks lose momentum after a three-day rally on Wall Street
Global stocks failed to maintain their momentum Friday, indicating that a spectacular three-day rally that pushed the Dow Jones Industrial Average…
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‘Community is more important’: El Paso west side bar owner struggles – but understands need for virus closure
EL PASO, Texas — Lloyd’s Pub shut their doors when the city of El Paso requested them to. “It was on Saint Patrick’s Day of all days to do that but…
Continue Reading El Paso disinfectant distributor warns virus panic shopping must stop – or shortages will continue
EL PASO, Texas — Many are stocking up on essentials like food, toilet paper and sanitizing wipes. “Sold Out” signs and labels are an…
Continue Reading Chinese startups were already struggling to raise money. The coronavirus may be the last straw
China’s startups had a rough time last year because of an economic slowdown and giant flops that scared away investors. Now they’re…
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Coronavirus bill allows for pretax spending on menstrual products
The coronavirus spending package will provide a variety of types of assistance for average Americans to combat the economic effects of the pandemic…
Continue Reading Dow surges more than 1,300 points for 3-day Wall Street rally
NEW YORK, NY — Stocks surged again for a third straight day with the Dow Jones closing up more than 1,300 points Thursday as a massive coronavirus…
Continue Reading Why CEOs are giving up their salaries during the coronavirus crisis
Coronavirus has hit companies hard and fast over the past several weeks — prompting calls for industry bailouts and dramatic measures to cut costs.…
Continue Reading The $2 trillion stimulus will slam the mortgage industry — unless the Fed comes to the rescue
The federal government is determined to prevent the coronavirus pandemic from setting off another mortgage meltdown. The $2 trillion stimulus package…
Continue Reading McDonald’s and other brands are making ‘social distancing’ logos
It’s not just people that are social distancing. Brands are doing it too. McDonald’s, Coca-Cola, Audi and Volkswagen are just a few of…
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U.S. jobless claims soar to record 3.3 million amid virus; El Paso area’s numbers are ‘frightening’
EL PASO, Texas — Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 —…
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How small business owners may benefit from the $2 trillion federal aid package
The $2 trillion economic aid package unveiled Wednesday contains several provisions to help small businesses in the wake of the coronavirus pandemic.…
Continue Reading Help is coming for gig economy workers and small businesses hit by the coronavirus crisis
Workers in the gig economy are finally getting government support to help them cope with the economic devastation caused by the coronavirus crisis.…
Continue Reading Bill Ackman: Shut down the economy for a month
Hedge fund billionaire Bill Ackman has a solution to end the coronavirus threat and prevent the US economy from total collapse: shut down everything…
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Should you be concerned about virus spread when you take your clothes to the dry cleaner or laundromat?
EL PASO, Texas (KVIA) — Laundromats and dry cleaners are considered essential businesses and can remain open while the El Paso County stay-at-home…
Continue Reading Cheesecake Factory tells its landlords it won’t be able to pay April rent
The Cheesecake Factory won’t be able to pay its April rent at its nearly 300 locations, highlighting how deeply the coronavirus pandemic is…
Continue Reading Ford plans to reopen some plants soon, but workers are worried about coronavirus
Ford is considering reopening a number of US and Mexican plants in the coming weeks that were closed because of the coronavirus outbreak. But the…
Continue Reading Uber and Lyft still aren’t helping their most vulnerable drivers
It’s been a full week since Nicole Knesek, a driver for Uber and Lyft in Carmichael, California, attempted to apply for paid coronanvirus leave…
Continue Reading Why the ‘TJMaxx of groceries’ is succeeding during the coronavirus pandemic
The coronavirus is crippling most American industries. But it’s also creating opportunities for some unexpected businesses. Grocery Outlet, an…
Continue Reading Unemployment claims soared to 3.3 million last week, most in history
A record number of Americans filed for their first week of unemployment benefits last week, as businesses shut down to slow the spread of the…
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