Editor’s Picks

Fed’s Powell Expects Substantial Recovery Post-COVID

Fed’s Powell Expects Substantial Recovery Post-COVID
Fed’s Powell Expects Substantial Recovery Post-COVID
May 13, 2020  |  Economy

Federal Reserve Board Chairman Jerome Powell said that while Washington’s nearly $3 trillion economic response to the coronavirus is on target, it will likely not...

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JCPenney Seeks $450M In Financing Amid Potential Bankruptcy Filing
JCPenney Seeks $450M In Financing Amid Potential Bankruptcy Filing
May 13, 2020  |  Retail

As it mulls a potential bankruptcy filing, JCPenney is in discussions with lenders to secure funding of $450 million. The debtor-in-possession (DIP) financing would make...

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Pizza Delivery Platform Slice Nets $43M To Boost Online Ordering
Pizza Delivery Platform Slice Nets $43M To Boost Online Ordering
May 13, 2020  |  Investments

Online pizza delivery firm Slice was the beneficiary this week of a $43 million investment from private equity firm KKR & Co. Get the Full...

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Uber Rival Bolt Sidesteps Layoffs Despite Losses
Uber Rival Bolt Sidesteps Layoffs Despite Losses
May 12, 2020  |  Ridesharing

The Estonia-based rideshare unicorn Bolt — Uber’s main competitor in Europe — said it isn’t laying off any workers despite a 75 percent drop in...

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Tim Hortons Coffee Chain Notches Funding From China’s Tencent
Tim Hortons Coffee Chain Notches Funding From China’s Tencent
May 12, 2020  |  Retail

To bolster its growth in China as it looks to reach coffee drinkers in the country, Tim Hortons has reportedly found a partner in Tencent. The...

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No Fitting Rooms? There’s An App For That
No Fitting Rooms? There’s An App For That
May 12, 2020  |  Retail

Post-pandemic fashion retail is starting to take shape. It’s just going to be a little tougher to try things on. Most of the differences consumers...

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$120B Still Available As Appetite For PPP Loans Slows
$120B Still Available As Appetite For PPP Loans Slows
May 12, 2020  |  Loans

The small business Paycheck Protection Program (PPP) still has $120 billion available as the appetite for the forgivable loans slows down, according to recent Small...

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FTC To Probe What User Info Zoom Collects
FTC To Probe What User Info Zoom Collects
May 12, 2020  |  Safety and Security

The Federal Trade Commission may be looking into privacy concerns surrounding online video call software Zoom, Chairman Joseph Simons revealed. Zoom has seen massive increases...

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Simon Eyes Opening Half Of Its Malls This Week
Simon Eyes Opening Half Of Its Malls This Week
May 12, 2020  |  Retail

Simon Property Group, the biggest mall retailer in the U.S., said it plans to have around half of its locations open within the next week,...

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