Editor’s Picks

Yelp To Lay Off Or Furlough 2,100 As Local Businesses Struggle With COVID-19

Yelp To Lay Off Or Furlough 2,100 As Local Businesses Struggle With COVID-19
Yelp To Lay Off Or Furlough 2,100 As Local Businesses Struggle With COVID-19
April 09, 2020  |  Economy

As the coronavirus has severely disrupted local businesses that need to stop or cut spending on its offerings, Yelp will lay off 1,000 staffers and furlough about...

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Fed’s $2.3T Targets Governments, ‘Main Street’ SMBs
Fed’s $2.3T Targets Governments, ‘Main Street’ SMBs
April 09, 2020  |  Loans

The Federal Reserve said it would offer as much as $2.3 trillion in loans aimed at shoring up small to mid-sized businesses, U.S. households and...

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Could TJX, Other Offline Retailers Regret Their eCommerce Abandonment?
Could TJX, Other Offline Retailers Regret Their eCommerce Abandonment?
April 09, 2020  |  Retail

It seems like a year ago, but it was actually only March 8 when discount retailer Burlington announced that it was abandoning its admittedly watered-down...

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Ulta Beauty To Put Many Retail, Salon Associates On Leave
Ulta Beauty To Put Many Retail, Salon Associates On Leave
April 09, 2020  |  Retail

Amid the spread of the coronavirus, Ulta Beauty Inc. said it plans to put many of its retail staffers on leave. The company said the temporary furlough...

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Another 6.6M Americans File For Unemployment As Layoffs Continue
Another 6.6M Americans File For Unemployment As Layoffs Continue
April 09, 2020  |  Economy

Jobless claims released Thursday (April 9) show that the coronavirus triggered another 6.606 million unemployment claims for the week ending April 4. Get the Full...

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Starbucks Expects 46 Pct Q2 Earnings Drop Amid Pandemic
Starbucks Expects 46 Pct Q2 Earnings Drop Amid Pandemic
April 09, 2020  |  Economy

Starbucks is withdrawing its 2020 outlook as it faces an estimated 46 percent earnings drop for the second quarter, according to multiple reports. Get the...

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Data: US Households Paying Rent Dropped 12 Percent From March
Data: US Households Paying Rent Dropped 12 Percent From March
April 09, 2020  |  Economy

The percentage of U.S. citizens who paid rent this month was down 12 points, from 82 percent in March to 69 now, as a result...

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US Dems Push For Small Businesses, Hospitals First In Next Financial Aid
US Dems Push For Small Businesses, Hospitals First In Next Financial Aid
April 08, 2020  |  Economy

Top Democratic officials in the U.S. have a new list of demands for the next round of stimulus funds to fight the effects of the coronavirus pandemic,...

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