Month: August 2020

Shares of Eastman Kodak plunged more than 40% during premarket trading on Monday after a federal agency said it was reviewing a previously announced $765 million loan for the onetime photography pioneer to produce drug ingredients. “Recent allegations of wrongdoing raise serious concerns. We will not proceed any further unless these allegations are cleared,” the U.S.
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Popular summer vacation spot Provincetown, Massachusetts, is taking Covid-19 seriously, mandating mask-wearing and limiting the number of customers in stores, but consumers are still out. (Photo by Zach D Roberts/NurPhoto via Getty Images) NurPhoto | NurPhoto | Getty Images Small businesses are feeling somewhat more optimistic, adapting operations to the new economic and public health
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Mohamed El-Erian told CNBC on Monday that he considers a wave of corporate bankruptcies as the biggest risk to the stock market’s rally from coronavirus-era lows.  “I think what derails this market isn’t more China-U.S. tension, isn’t more political differences. It would be if we get then large-scale bankruptcies,” the chief economic advisor at Allianz said on “Squawk
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Parents are forming learning pods for their children to supplement virtual learning this fall. Source: Outschool The latest education trend has parents reaching into their wallets to help supplement or replace their children’s virtual education this fall. So-called “learning pods” or “pandemic pods” are popping up all over the country. They are small, in-person groups
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Only 4.3% of America’s 22.2 million business owners are Black, according to numbers reported in February by the Brookings Institute. And Black-owned businesses launch with about “a third less capital than their white peers and have difficulties raising private investments from mainstream investment systems,” reported Brookings. While 7% of white business owners get a loan
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People wait outside the Apple store in Covent Garden in London August 30, 2016. The European … [+] Commission’s demand for Apple to pay Ireland some 13 billion euros in back taxes has put the country in the strange position of refusing the windfall for fear of scaring away valuable investment. Rather than welcoming the
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