The best 5-minute listen for entrepreneurs.
Who should be told when an employee gets Covid?...The U.S. is risking repeating 2009’s stimulus mistakes…The battle between retailers and their landlords continues…Mask sales probably won’t boom forever…LinkedIn has two new features.
The CEO of Wells Fargo apologizes for comments about the lack of Black talent…Google is developing a hybrid work-from-home plan…Amazon is trying to distance itself from a Prime-branded Peloton competitor…Shopify says customer data was probably exposed…Because of a network outage, Tesla owners were locked out of their cars for an hour on Wednesday.
Long feared, a fall surge in coronavirus cases may be building…Amazon restricts how rivals buy ads on its site…A Labor Department proposal would treat gig workers as contractors, not employees…An “Amazon room” is the hottest amenity for Hollywood home-buyers right now.
PPP forgiveness applications are opening up, and there’s a lot to think about…A lot of Main Street businesses just aren’t ready to sell online…As brick-and-mortar struggles, a Texas quilt shop shows how small retail can work…Flea markets are moving online, and movie merch is booming.
Led by California and Texas, we’re heading for a fresh wave of coronavirus cases…Some countries that crushed Covid-19 are now reporting higher infection rates than the U.S….There is a historic shortage of homes for sale…Used apparel sellers like The RealReal and ThredUp are rebuilding their business models…And Finally, People who miss traveling are taking “flights to nowhere.”
Big Ten cities are bracing for coronavirus outbreaks…The pandemic is likely to force a lot of home sales, and Wall Street landlords are ready… Are yoga studios over?...Three online tools promise to help navigate Covid travel restrictions.
Almost 60 percent of business closures are now permanent… The Big Ten has decided to play football this year after all…Amazon plans to put 1,000 warehouses in suburban neighborhoods…Whole Foods BOSS John Mackey thinks a lot of people are done shopping in grocery stores… Golf just had its best summer in decades.
Shark Tank’s Barbara Corcoran says she’s learned some lessons from the crisis…Jamie Dimon says JPMorgan’s productivity has taken a hit with employees working from home…As new cases surge, Europe is trying to avoid more lockdowns…California wineries are embracing online sales and budget pricing… Amazon is launching an invite-only luxury store.
The coming failure of small businesses is an economic catastrophe in the making…With the recovery stalled, the airlines are losing billions…Pennsylvania governor’s Covid restrictions have been ruled unconstitutional…The West Coast fires are taking a toll even on businesses that haven’t burned…Hershey is trying to save Halloween.
TikTok will partner with Oracle in the U.S. after Microsoft loses bid… Here’s how a startup used a side hustle -- instead of venture capital -- to get off the ground…With cases soaring, Israel is headed into a second lockdown...Fueled by the jump in online sales, Amazon plans to hire 100,000...New York City’s glitzy Hudson Yards reopened last week but few showed up…Teen employment has grown much faster than the overall workforce.
Hopes for more government stimulus are dimming…Famous for selling designer clothes at discount prices, a fabled New York retailer is closing…JPMorgan is bringing its entire trading floor staff back into the office…Kabbage doled out billions in PPP loans, but there’s a problem…New York’s subway and bus riders will be fined $50 if they don’t wear a mask.
Home Depot has canceled Black Friday (for them anyway)….Some concerts are gearing up again, but there are a lot of uncertainties about liability… New York restaurants can open for indoor dining on September 30…Retailers are struggling to unload inventory…the hot new job title is “head of remote work”.
In Manhattan, businesses are delaying signing leases until rents drop and the pandemic passes…With small businesses needing to get online, Shopify has doubled its revenue…An Israeli startup thinks it can help America’s small businesses... the pandemic has changed how we shop for food.
College towns are becoming the new front in the pandemic…Pandemic policies are creating a rift between employees who have children and those who don’t…A rolling UV machine is disinfecting workplaces…There’s a hidden economic cost to remote learning…Luxury hotels are catering to wealthy customers fleeing Covid.
The payroll tax holiday is a “nightmare” for employers…The Fed issues a grim report on businesses…Retailers are nervous about the holiday season…There’s going to be a lot of space opening up out there.
Remote work is killing the trillion-dollar office economy…Factory output continued to rise in August…Insurance companies are winning more battles in the legal fight over business-interruption coverage…American Express is letting small businesses borrow on their cards.
Airlines are dropping change fees…For businesses, the key to preventing coronavirus transmission indoors is ventilation…Walmart has unveiled its member subscription service…Retail eviction proceedings are picking up...Kairos is paying to turn unemployed workers into health care workers.
Will audiences return to movie theaters?....New Yorkers are fleeing to the suburbs…A rural wedding led to dozens of Covid cases…Gap has sold $130 million in face masks last quarter.
Covid gag rules at companies put people at risk…After losing $10 million last quarter, Beyond Meat is going direct-to-consumer…A day after reporting record revenue, Salesforce announced layoff…This fall’s hottest accessory? A patio heater…Tourist spots are offering remote-work visas.
The CDC warns retailers not to argue with anti-maskers…Winter is coming for restaurants….Here’s how the U.K. restarted its restaurant industry…Millennials are driving the housing-market rebound.
American Airlines plans to cut 19,000 jobs by October 1 when federal stimulus runs out… Life seems to be returning to normal in China…Even Black VCs who make it into the club continue to confront racism…QR codes finally have a reason to exist.
Zoom went down for hours Monday, disrupting schools and businesses….Preparing to compete with Amazon, big box stores were ready for the pandemic…Delta plans to furlough 2,000 pilots… Is there a better approach than requiring a total lockdown?
Companies are rethinking plans to bring employees back after Labor Day…Big companies are offering parents special perks like subsidized tutoring…What do you do if employees won’t take vacation days?...Finally, Months into the pandemic, why is there still a paper towel shortage?
There will be pandemic tax breaks for small business owners this year regardless of how their businesses are doing…The IRS is now predicting that millions of jobs will be lost for years…South Korea is suffering a fresh surge of coronavirus cases…Demand for specialized clinics to treat Covid-19 symptoms is growing.
During the pandemic, Big Tech’s domination has grown dramatically...Finding Suppliers Outside China Means Kissing ‘a Lot of Frogs’…Founders still feel over-mentored and under-funded by venture capitalists...San Francisco shut down a sushi restaurant’s “dining domes”.
Face masks have become big business…Business groups are warning that most employers will not participate in President Trump’s payroll tax cut plan….Uber and Lyft are considering adopting a franchise model in California...New York City’s iconic Empire State Building is looking vulnerable.
Months behind on its mortgage, the Mall of America is trying to lure back customers…American Express is buying the alternative lender, Kabbage….Do businesses need enhanced liability protection from Covid?...A thousand new hotels are opening during the pandemic.
Home Depot braced for Covid pain but got a boost instead…The struggles of state and local governments looms over the economy…With rents falling and workers fleeing, Silicon Valley may never be the same…Is college becoming glorified Skype?
Apparel brands are trying to figure out what to do with their unsold clothing…The pandemic has given mattress sales a bounce…An appeals court finds that Amazon can be held liable for third-party products...Amazon cuts more than 1,200 contract delivery jobs even though that part of the business is booming…The New York Times reviews Reels, Instagram’s TikTok clone, and pronounces it a dud.
United is adding more flights to Florida despite the coronavirus spike…Where will the next U.S. hotspots be?...Chinese companies are still coming here to go public…REI has decided to sell the eight-acre headquarters it planned to move into this summer…the New York Daily News is now a newspaper without a newsroom.
The Big Ten and Pac-12 Conferences voted on Tuesday to postpone college football and other fall sports because of the coronavirus pandemic…Small businesses are dying by the thousands but who’s counting?...A week into the school year, at least 800 students and staffers in a Georgia school district have been quarantined…To compete with Amazon and Walmart, Kroger is building a web marketplace open to third-party sellers…Car-sharing service Zipcar is struggling to keep up with demand.
Employers are wary of deferring payroll taxes under President Trump’s plan…The payroll tax deferral could actually turn into a tax hike…Small business confidence ticked up in the third quarter from a record low in the second quarter…Grocery stores have yet to catch up with demand…During most downturns, people spend less on their pets. Not this time.
President Trump’s executive orders have sparked some confusion…Why some businesses are already paying back their PPP loans -- with interest…Businesses that got PPP loans may want to wait a while before applying for forgiveness…Simon Property Group and Amazon are talking about converting mall anchor stores into fulfillment centers...The pandemic has triggered a boom in plastic surgery.
The U.S. economy adds 1.8 million jobs in July…The “lipstick index” fails again…When smaller businesses test employees for Covid-19, who should pay the bill… Despite $33 billion in federal bailout money, farmers are reeling from trade fights and commodity gluts…Here’s how Amazon turned itself around after its early crisis stumble.
New York City is setting up checkpoints to enforce its quarantine order…California is trying to control its coronavirus outbreak without a second lockdown…A Texas company that normally sells nuts to American Airlines has 42 tons it wants to unload… A former Disney executive is trying to build the Disneyland of football…Facebook is betting big on the future of offices and NewYork City.
Clorox Won't Meet Demand for Disinfecting Wipes Until Next Year…Trump's demand that the US get a cut of TikTok's sale could set a dangerous precedent…Disney, Staggered by Pandemic, Sees a Streaming Boom…Private payroll growth slows sharply in July amid spike in virus.
At a Georgia school district that reopened last week, 260 employees are already in quarantine…Corporate CEOs are urging Congress to rescue American small businesses…As glitzy shopping districts turn into ghost towns, retail rents are plummeting…Used car dealers are very eager to buy cars…With no events, caterers try to adjust.
Is it time for a reset?...U.S. bailout money went to Chinese-owned companies…A group of Chicago women is starting a commercial bank that will focus on lending to women entrepreneurs…Sridhar Ramaswamy, who used to run Google’s entire advertising division, is building a search engine with no advertising…More than 1,000 companies boycotted Facebook.
Families are filing the first wave of Covid-19 lawsuits against employers…The economy contracted at the fastest quarterly rate on record…Economists say Congress needs to act or the damage could be permanent.
Jeff Bezos conceded that Amazon may have used proprietary data to compete with third-party merchants….The online lenders that lend to small businesses are not holding up well…The pandemic has changed the bloated advertising industry…Fed chair Jerome Powell says the rising coronavirus cases are weighing on the economy…Most small businesses say they are preparing for a second wave…Inc reports that the majority of small businesses nationwide are preparing for a resurgence of coronavirus.
Reopening whiplash is wreaking havoc with California businesses...With concerns mounting about the coming school year, startups are trying to offer solutions for disabled children...New Jersey gym owners have been arrested for defying the governor’s orders...The soaring price of gold raises a question: Where do you put it?...A Florida man took his PPP money and bought a Lamborghini.
Walmart and other retailers will serve customers who refuse to wear masks…The coronavirus is “back with a vengeance” in places where it had all but vanished…Google plans to keep employees working from home through summer 2021…A new report raises questions about how well remote working is really going…You can probably stop worrying about those deep cleans.
That $600 a week unemployment bonus is set to expire this week and it’s not all good news for employers…A team of MIT economists released an evaluation of the Payroll Protection Program…Europe’s economy fell further but is recovering better than the U.S. economy…The partisan divide goes beyond masks.
Amazon met with startups about investing and then launched competing products...Google Shopping is taking another crack at Amazon...Pandemic-proof small businesses are selling at a premium…Unemployment claims rIse for the first time in almost four months…Hershey is bracing for a tough Halloween.
Shopify is emerging as one of the pandemic’s big winners...The retail carnage is deepening...Walmart, Target, and CVS are teaming up to reinvent plastic...Corporate America is still struggling with how to address Black Lives Matter...Covid-19 measures have all but wiped out the flu in the Southern Hemisphere.
What happens if that $600 unemployment insurance bonus expires?...Startups and retailers are converting abandoned stores into fulfillment centers… Worried about crowded flights? Know where your airline stands...Los Angeles may become the largest U.S. city with a second stay-at-home order...Mark Zuckerberg is lifting another good idea.
Now what does Arizona do?...In Europe, they’ve kept the cases low even after reopening…After her husband died, one woman took over the family sauna business --but was it a good idea to pay off the mortgage?...Drive-in theaters? How about boat-in theaters?
Business leaders are suddenly far more pessimistic than they were just week ago…Airbnb claimed to be a “family” until it laid off 1,900 employees...A study suggests that reopening schools will trigger more outbreaks...Since the pandemic, millennials have gotten more comfortable discussing end-of-life services…The buzz continues to build for an invite-only social media platform that has won over Silicon Valley.
New coronavirus cases in the U.S. set a record, blowing past 70,000…Georgia Gov. Kemp is suing Atlanta to force it to abandon its mask mandate...More than a quarter of parents expect to quit their jobs because of Covid-19…A study by Chase shows that while the extra $600 unemployment bonus may have discouraged some workers from returning, it did boost the economy…Companies are pledging 15 percent of shelf space to black-owned brands.
China is the first major economy to return to growth…Once the epicenter, Washington state beat Covid-19 but now sees cases spiking again…Walmart will require masks at all stores…Meanwhile, in Georgia, Gov. Kemp has voided mask orders in 15 localities…A “mystery shopper” test shows that Black business owners had a harder time getting PPP loans.
The big banks expect things to get much worse...With business travel evaporating, Delta lost more than $5 billion in the second quarter...President Trump wants to change an environmental law to speed up development projects…Companies are ending “hero pay” for essential workers even though cases are rising…Washington's Football Team is finally ready to change their name, but a trademark hobbyist has been locking up the good ones.