Business

The Atlanta Fed's latest model estimates a 52.8% GDP contraction this quarter as the US grapples with COVID-19

The Atlanta Fed's latest model estimates a 52.8% GDP contraction this quarter as the US grapples with COVID-19

10 minutes ago   |   Business Insider

A rolling GDP " nowcast " from the Federal Reserve Bank of Atlanta sees US growth shrinking 52.8% on the coronavirus' economic fallout. The estimate is down from a May 29...
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Trump is hiding from the country while it's on fire

Trump is hiding from the country while it's on fire

10 minutes ago   |   Business Insider   |   2 articles

President Donald Trump has been absent as a leader amid a national crisis, refusing to directly address the country as major cities are consumed by unrest over the police...
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A top Quest exec details the best strategies employers can use to curb coronavirus outbreaks as companies start to reopen

A top Quest exec details the best strategies employers can use to curb coronavirus outbreaks as companies start to reopen

10 minutes ago   |   Business Insider

Companies are weighing strategies to return to the office after novel coronavirus outbreaks. Without a clear roadmap, testing and healthcare groups are selling private testing...
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The shift to even more e-commerce spending in the US just accelerated by at least 2 years because of COVID-19, according to this chart from Morgan Stanley

The shift to even more e-commerce spending in the US just accelerated by at least 2 years because of COVID-19, according to this chart from Morgan Stanley

10 minutes ago   |   Business Insider   |   2 articles

Morgan Stanley expects COVID-19 to pull forward the US e-commerce penetration rate by at least two years. The firm estimates e-commerce to account for over 23% of US retail...
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Pizza, hot dogs, and tequila: What Americans are eating and drinking during quarantine, sending sales skyrocketing

Pizza, hot dogs, and tequila: What Americans are eating and drinking during quarantine, sending sales skyrocketing

10 minutes ago   |   Business Insider   |   2 articles

The coronavirus pandemic has completely changed how Americans eat, as stay-at-home orders destroy daily routines. Sales of foods like hot dogs, snacks, and frozen waffles have...
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How to Build a Crisis Management Plan to Maintain Growth

16 minutes ago   |   Business 2 Community

As businesses navigate through one of the biggest economic crises in the history of the world, there are many lessons being learned along the way. The most impactful takeaway...
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Here's where things stand on 'round 2′ stimulus checks

24 minutes ago   |   Fortune   |   2 articles

It sounds like more stimulus checks could be on the way, after all. On Friday, Senate Majority Leader Mitch McConnell acknowledged that Congress is “taking a careful look” at...
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CEO of Coach parent Tapestry forcefully says ‘black lives matter' in emotional post to staff

24 minutes ago   |   Fortune   |   2 articles

As one of only four black chief executives in the Fortune 500 , Jide Zeitlin rejected the earnest but safe tone found in many corporate statements about the weekend's unrest...
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How Tavour Saved Craft Breweries From The Coronavirus

28 minutes ago   |   Forbes

Tavour has given craft breweries a lifeline to sell their beer to a national audience at a time when taprooms and bars across the country are still closed.
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BTS's Suga Scores The Second Bestselling Album In The Country With ‘D-2'

28 minutes ago   |   Forbes   |   2 articles

While the title didn't quite break the top 10 on the Billboard 200 , it does open with very healthy sales, which show just how powerful the rapper and singer is, even without...
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Atlanta-based Coca-Cola, Delta CEOs speak out against racism in wake of...

Atlanta-based Coca-Cola, Delta CEOs speak out against racism in wake of protests against police brutality

As protesters faced off against National Guard troops near Centennial Park after George Floyd's death while under the knee of a Minneapolis police officer, some of Atlanta's... Read more ...

How COVID-19 is accelerating the need for digital B2B payments

How COVID-19 is accelerating the need for digital B2B payments

By James Anderson, executive vice president of global commercial products, Mastercard In offices around the world, millions of dollars are waiting. Checks are piling up in the... Read more ...

Construction Spending Decreased in April

Construction Spending Decreased in April

From the Census Bureau reported that overall construction spending decreased in April: Construction spending during April 2020 was estimated at a seasonally adjusted annual... Read more ...

Apple closes stores across the US over safety concerns amid George Floyd...

Apple closes stores across the US over safety concerns amid George Floyd protests

On May 25, a 46-year-old black man named George Floyd died in Minneapolis after a white police officer pinned his knee to Floyd's neck for several minutes during an... Read more ...

Lockdowns ease in Florida, Europe with new tourism rules

Lockdowns ease in Florida, Europe with new tourism rules

ROME - The first day of June saw coronavirus restrictions ease from Asia to Europe to the United States on Monday, even as U.S. protests against police brutality sparked fears... Read more ...

Facebook employees stage virtual walkout in protest of company's stance on...

Facebook employees stage virtual walkout in protest of company's stance on Trump posts

Some Facebook employees are virtually walking out today to challenge the company's lack of response to President Donald Trump's posts pertaining to protests in light of the... Read more ...

The Latest: Pakistan says it's relaxing a ban on tourism

The Latest: Pakistan says it's relaxing a ban on tourism

The Latest on the coronavirus pandemic. COVID-19 causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems... Read more ...

Seattle's mayor says white men are responsible for 'much of the violence and...

Seattle's mayor says white men are responsible for 'much of the violence and destruction' across the US following George Floyd's death

Seattle mayor Jenny Durkan said Monday that white men are responsible for "much of the violence and destruction" in the city and across the US. "I want to acknowledge that much... Read more ...

Stocks pull back on Wall Street as trade worries flare again

Stocks pull back on Wall Street as trade worries flare again

Stocks are opening lower on Wall Street as traders worry that trade tensions could flare again with China and as protests spread across the U.S. against police brutality... Read more ...

Fauci just criticized Moderna for touting preliminary data on its...

Fauci just criticized Moderna for touting preliminary data on its coronavirus vaccine, but said the results look 'very promising'

Several companies have been racing to develop a vaccine for the novel coronavirus, and research efforts are moving faster than ever before. Moderna, which just entered its... Read more ...