Editor’s Picks

Ross Stores Begins Reopening After Reporting Sales Drop

Ross Stores Begins Reopening After Reporting Sales Drop
Ross Stores Begins Reopening After Reporting Sales Drop
May 22, 2020  |  Retail

Amid the ongoing spread of the pandemic throughout the country, Ross Stores, Inc. reported total Q1 sales of $1.8 billion compared to $3.8 billion in the...

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Consumer Uncertainty Overshadows Georgia’s Reopening, Atlanta Fed Chief Says
Consumer Uncertainty Overshadows Georgia’s Reopening, Atlanta Fed Chief Says
May 22, 2020  |  Economy

Raphael Bostic, president of the Atlanta Federal Reserve, called Georgia’s reopening rollout a “mixed bag” in which only parts of the state were eager to...

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Dubai Creating $870M Free Trading Zone For eCommerce
Dubai Creating $870M Free Trading Zone For eCommerce
May 22, 2020  |  International

The government of Dubai is planning to create an $870 million free trade zone for eCommerce named Dubai CommerCity (DCC). The development project will be...

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China Drops GDP Target Due To Economic Instability
China Drops GDP Target Due To Economic Instability
May 22, 2020  |  International

The world’s second-largest economy is opting not to set any economic growth forecasts due to the continued economic uncertainty triggered by the global coronavirus pandemic....

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Senate Bill Would Double Time For PPP Loans
Senate Bill Would Double Time For PPP Loans
May 21, 2020  |  Loans

The U.S. Senate is on track to pass legislation that would double the time small- to medium-sized businesses (SMBs) have to use Paycheck Protection Program...

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Mall of America Skips Mortgage Payments Before June Reopening
Mall of America Skips Mortgage Payments Before June Reopening
May 21, 2020  |  Retail

As an indication of how much retail real estate owners are struggling amid the pandemic, The Mall of America has reportedly skipped two payments on...

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Netflix To Automatically Cancel Inactive Accounts To Save People Money
Netflix To Automatically Cancel Inactive Accounts To Save People Money
May 21, 2020  |  Subscriptions

Those who haven’t used their Netflix accounts in a year will see an email this week asking if they still want to subscribe, and those...

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IBM Gets Stake In Blockchain Finance Network we.trade
IBM Gets Stake In Blockchain Finance Network we.trade
May 21, 2020  |  B2B Payments

To allow for network improvements and the acceleration of the worldwide commercialization of its platform, we.trade has unveiled an “enhanced collaboration” with IBM. The company also...

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Uber Assisted Nearly 50K Workers With $19M During Pandemic
Uber Assisted Nearly 50K Workers With $19M During Pandemic
May 21, 2020  |  Coronavirus

Uber said it has so far spent $19 million assisting almost 50,000 drivers and food delivery couriers who came down with the coronavirus or were...

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