Business

Here's how money is working

In the battle against coronavirus, 3D-printed nasal swabs enter the health care arsenal
Business
In the battle against coronavirus, 3D-printed nasal swabs enter the health care arsenal

In partnership with Formlabs and others, Northwell Health recently announced that it has started 3D-printing nasal swabs to be used within the health system and across the U.S. to test for COVID-19. Watertown, Mass.-based 3D printing specialist Markforged recently announced a partnership with fiber photometry company Neurophotometrics to produce a 3D-printed swab that can be used for COVID-19 testing.

care recently enter

Wed Apr 22 - Google
Netflix Plans to Raise $1 Billion Through Debt Offering
Business
Netflix Plans to Raise $1 Billion Through Debt Offering

Because nearly all of Netflix’s original productions are currently on hold, that will “shift out some cash spending on content to future years,” the company said in the Q1 letter.With its current outlook and balance sheet, Netflix said it has more than 12 months of “liquidity and substantial financial flexibility.” The company ended Q1 with $5.2 billion in cash and equivalents and maintains an untapped $750 million line of credit.

billion company streamer

Wed Apr 22 - Google
Senate approves $484 billion coronavirus relief package, boosting small business loans
Business
Senate approves $484 billion coronavirus relief package, boosting small business loans

"I am pleased to report that we have reached an agreement with the administration on interim emergency relief legislation," Schumer announced in a letter to Democratic colleagues Tuesday afternoon. "Leader McConnell initially tried to bypass negotiations altogether and jam through a bill that would have increased funding for the Paycheck Protection Program (PPP) alone, while ignoring the many changes Democrats have called for to improve its service to small businesses,"Schumer

coronavirus 2019-20-coronavirus-pandemic united-states-senate paycheck-protection-program small-business-administration

Wed Apr 22 - Google
World’s largest social media company announced a major investment in India
Business
Facebook invests $5.7 billion in India, takes 9.99% stake in Mukesh Ambani’s Reliance Jio

World’s largest social media company announced a major investment in India. Facebook announced today it has invested $5.7 billion for a 9.99% stake in India’s Reliance Jio Platforms, a three-and-a-half-year-old subsidiary of the nation’s most valued firm, Reliance Industries that is owned by Mukesh Ambani. Reliance Jio is the biggest telecom operator in the country with more than 370 million subscribers. This is India’s biggest technology investment deal ever

india technology business reliance jio mukesh ambani

Wed Apr 22 - Techcrunch
Business
Plunging crude prices
Tue Apr 21
What plunging crude prices mean for the market's largest oil ETF
Business
Plunging crude prices

In the days leading up to the historic plunge, the United States Oil Fund (USO) — the market's largest crude oil ETF by assets — saw notably higher trading volumes as short- and long-term buyers sought to express their views on crude, ETF analysts told CNBC on Monday.

business-news energy markets stock-markets investment-strategy exchange-traded-funds crude-oil oil-and-gas energy-industry crude-oil-markets united-states-oil-fund lp home-depot-inc

Tue Apr 21 - Google
‘The Big Guys Get Bailed Out’: Restaurants Vie for Relief Funds
Business
‘The Big Guys Get Bailed Out’: Restaurants Vie for Relief Funds

The provision, in a section outlining which small businesses qualify for loans from the federal government, allowed big chains like Shake Shack, Potbelly and Ruth’s Chris Steak House to get tens of millions of dollars while many smaller restaurants walked away with nothing when the $349 billion fund was exhausted last week.

house funds guys

Tue Apr 21 - Google
Spectrum Employees Are Getting Sick Amid Debate Over Working From Home
Business
Spectrum Employees Are Getting Sick Amid Debate Over Working From Home

Spectrum has further revised its policy on working remotely since then, said Ms. Blanchard, the company spokeswoman, so that a “significant majority” of office and call center employees are now doing their jobs from home. As of Monday, nearly 8,000 people had signed a petition on the website Change.org demanding that more Spectrum employees be allowed to work from home.

debate workers petition

Tue Apr 21 - Google
Virgin Australia enters voluntary administration. Richard Branson says it's 'not the end'
Business
Virgin Australia enters voluntary administration. Richard Branson says it's 'not the end'

Virgin Australia has collapsed into administration, one day after billionaire founder Richard Branson made a last-ditch appeal for government support for the country's second biggest airline. Virgin Australia is the first major airline in Asia Pacific to succumb to the loss of business from the pandemic, which has caused carriers to rip up their flight schedules, ground planes and put staff on unpaid leave.

business virgin-australia-enters-voluntary-administration-as-coronavirus-continues-to-batter-airlines-cnn

Tue Apr 21 - Google
Burger King franchise owner with over 1,000 stores may apply for small business loan
Business
Burger King franchise owner with over 1,000 stores may apply for small business loan

Carrols Restaurant Group, which owns 1,036 Burger King restaurants in 23 states, making it the largest Burger King franchisee in the nation, said in a late Friday filing with the Securities and Exchange Commission that it had amended a credit agreement with Wells Fargo “to incur and, if necessary, repay indebtedness incurred pursuant to the Paycheck Protection Program under the Coronavirus Aid, Relief and Economic Security Act.”

loan money burger

Tue Apr 21 - Google
Oil prices turn positive but the market remains 'broken'
Business
Oil prices turn positive but the market remains 'broken'

The price of a barrel of WTI crude to be delivered in May has since turned positive . The contract closes on Tuesday, which means trading is light and most investors are looking ahead to June. The price of a barrel of WTI crude to be delivered the following month is also plunging.

investing oil-prices-turn-positive-but-the-market-remains-broken-cnn

Tue Apr 21 - Google
Retain an online Attendee during a webinar
Business
Retain the attention through webinar

Grabbing the attention of an attendee is very important to make a successful webinar. On such online platforms, the most difficult task for the event organizer is to retain an online attendee, Therefore most important ways to retain an online attendee during the Virtual presentation are
1. Relevant Content
2. Quality Speakers
3. Attractive marketing campaigns
4. Engagement
5. Question and Answer Sessions
6. Benefits for the attendees

online-webinar online-conference online-summit webinar presentations business-conferences

Tue Apr 21 -
Virtual and Digital Conferences and Summits
Business
Importance of Virtual Events and Conferences

Today Virtual and digital events are the need of any organization, As COVID-19 has confined us in terms of the human gathering therefore event organizers have moved towards virtual events. Benefits of Virtual events are as following:
1. It is time-saving
2. It reduces travel cost
3. it gives the better opportunity of networking while staying in the office
4. More than one global conference in one day.

global-conferences time-saving virtual-events-digital-and-technology

Tue Apr 21 -
1 Barrel oil is now cheaper than 4 pc. Chicken Mcnuggets
Business
1 Barrel Oil is now cheaper than 4 pc. Chicken Mcnuggets

U.S. oil benchmark crashes below $2 a barrel, on track for lowest close and biggest one-day fall on record. West Texas Intermediate crude (WTI) for May delivery was down 94%, at $1.92 a barrel. In the US, one barrel of oil is now cheaper than the 4 pc Chicken Mcnuggets. Oil demand crashed due to coronavirus pandemic and a price war between the largest producers

us oil price crude wti crashmcdonalschicken

Mon Apr 20 - MarketWatch
Mackenzie Bezos becomes richer than Mukesh Ambani
Business
Mackenzie Bezos becomes richer than Mukesh Ambani

MacKenzie Bezos made a fortune out of divorce settlement with former husband Jeff Bezos. As Jeff Bezos works hard to grow the company, MacKenzie Bezos is reaping the benefits. Her decision to keep Amazon stocks made her the world's 17th richest person. Her total wealth stands at around $46.6 billion thanks to the Amazon stock. She just crossed India’s richest person Mukesh Ambani whose net worth stands at $44.3 billion

amazon stock mukesh ambani jeff bezos mackenzie

Mon Apr 20 - CCN
60 million jobs across the EU and the UK are at risk
Business
60 million jobs across the EU and the UK are at risk

McKinsey released a report mentioning that around 60 million jobs across the European Union and the United Kingdom are at risk from the Coronavirus pandemic. The consulting firm warns in a report published Monday that the EU unemployment rate could soar from around 6% to more than 11% and remain elevated for years if the disease is not quickly contained. Some 55 million workers are employed in high-risk professions

china uk france europe jobs virus coronavirus wuhan covid19

Mon Apr 20 - CNN
Oneida County reports a possible COVID-19 exposure at 2 Utica businesses
Business
Oneida County reports a possible COVID-19 exposure at 2 Utica businesses

According to the Oneida County Health Department, a person who tested positive for COVID-19 may have exposed two Utica businesses to the virus. The health department says the person who tested positive for coronavirus was at the following businesses between 12 p.m. and 2 p.m. on April 11.

st health covid19

Sun Apr 19 - Google
Neiman Marcus to File for Bankruptcy
Business
Neiman Marcus to File for Bankruptcy

Neiman Marcus, one of the largest retailers of its kind in America, has hit the mat and can't get up in the wake of the coronavirus pandemic, and the chain is reportedly ready to file for bankruptcy. It's unclear what kind of protection Neiman's would be seeking in bankruptcy court, but these are clearly tough times.

retailers nearly neiman

Sun Apr 19 - Google
Walmart, Sam’s Club employees being required to wear face masks to work
Business
Walmart, Sam’s Club employees being required to wear face masks to work

Walmart and Sam’s Club have announced that all employees are being required to wear face masks to work starting Monday, April 20, in an effort to curb the spread of the novel coronavirus. "The CDC now recommends wearing face coverings in public settings, including grocery stores, to help curb the spread of the virus.

work club required

Sun Apr 19 - Google
If You Invested $1,000 in Gilead Sciences' IPO, This Is How Much Money You'd Have Now
Business
If You Invested $1,000 in Gilead Sciences' IPO, This Is How Much Money You'd Have Now

Gilead Sciences priced its shares at $15 before its IPO. Still, though, a $10,000 investment in Gilead's IPO would now be worth nearly $1.8 million. Vistide was the beginning of a long and successful road for Gilead in treating HIV-related conditions. Gilead is also evaluating drugs that could potentially cure HIV in early stage clinical studies.

ipo drug gileads

Sun Apr 19 - Google
Total of 1,542 positive cases reported in South Dakota
Business
Total of 1,542 positive cases reported in South Dakota

South Dakota's number of positive COVID-19 cases rose by 131 on Saturday, April 18, for a total of 1,542. To help expand the state’s medical bed capacity, Gov. Kristi Noem announced Friday, April 17 that the South Dakota National Guard has selected two locations to house additional beds. At this location, 100 medical beds will be provided to the Sioux Falls area, the release states.

covid19 sioux facility

Sun Apr 19 - Google
Supporters Of Digital Currency Say Pandemic Bolsters Case For A New Approach
Business
Supporters Of Digital Currency Say Pandemic Bolsters Case For A New Approach

Widespread unemployment and economic turmoil as a result of the coronavirus pandemic mean people are looking for government relief fast, which some say could open up the possibility for a new approach: digital currency.
"You look at the younger generation, the way things are moving here, it provides an even greater advantage if you look out into future years, and I think it's something we're going to have to grapplewith,"

case supporters say

Sun Apr 19 - Google
As coronavirus restrictions drag on, Americans shift online spending from stockpiling to entertainment
Business
As coronavirus restrictions drag on, Americans shift online spending from stockpiling to entertainment

In addition to the overall boom in e-commerce spending, sales data reveals that following an initial stockpiling of goods, many online shoppers have shifted their focus to entertainment products such as books and games as they adjust to the new normal of life in quarantine.

technology business-news business e-commerce coronavirus covid-19

Sun Apr 19 - Google
Experts say it may be time for grocery stores to ban customers from coming inside
Business
Experts say it may be time for grocery stores to ban customers from coming inside

Grocery stores are still flooded with customers, and experts say it's time for large chains to go "dark" to the public and convert to curbside pickup and home delivery for food and other essential goods. Mike Houston, general manager of Takoma Park Silver Spring Co-op in Takoma Park, Maryland, decided to close his grocery store to the public in late March, when the state announced a shelter-in-place order

business experts-say-it-may-be-time-for-grocery-stores-to-ban-customers-from-coming-inside-cnn

Sun Apr 19 - Google
Coronavirus liquor store closures drive drinkers to seek alcohol options
Business
Coronavirus liquor store closures drive drinkers to seek alcohol options

The unparalleled decision a month ago to close the state-owned stores that sell nearly all of Pennsylvania's liquor and much of its wine prompted some people to drive across state lines to stock up, risking a misdemeanor charge.
Many liquor cabinets are running low and the Pennsylvania Liquor Control Board's pivot to online sales has been, for most, an exercise in frustration in a state of nearly 13 million people.

alcohol seek drinkers

Sun Apr 19 - Google
Elon Musk is tech Covidiot No. 1 during coronavirus pandemic
Business
Elon Musk and his tweets during coronavirus pandemic

March 6: “the coronavirus panic is dumb,” Musk tweeted to his 32 million followers. In November 2019, The Buffalo News reported that Tesla was getting an $854 million write-down on the plant: “New York State spent $958.6 million to build Tesla Inc.’s solar panel factory in South Buffalo and buy a big chunk of the equipment inside.

elon-musk tesla spacex jack-dorsey coronavirus public-health opinion

Sat Apr 18 - Google