Editor’s Picks

Neiman Marcus Prepares For Possible Bankruptcy After Stores Shutter

Neiman Marcus Prepares For Possible Bankruptcy After Stores Shutter
Neiman Marcus Prepares For Possible Bankruptcy After Stores Shutter
April 03, 2020  |  Retail

With the COVID-19 pandemic causing it to shutter its stores, Neiman Marcus Group is increasing preparations to ask for bankruptcy protection. The luxury department store...

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US Economy Loses 701K Jobs; Unemployment Rises To 4.4 Pct.
US Economy Loses 701K Jobs; Unemployment Rises To 4.4 Pct.
April 03, 2020  |  Economy

The nation’s hiring boom that began more than two years ago is over, a casualty of COVID-19, as the number of workers who have lost...

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Airbnb Drops Internal Valuation 16 Pct Amid Pandemic
Airbnb Drops Internal Valuation 16 Pct Amid Pandemic
April 03, 2020  |  Economy

Short-term rental site Airbnb has lowered its internal valuation to $26 billion, a 16 percent drop, as business continue to be hammered by lockdowns, Reuters...

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Mortgage Payment Deferrals Could Cost Non-Bank Lenders $12B Per Month
Mortgage Payment Deferrals Could Cost Non-Bank Lenders $12B Per Month
April 02, 2020  |  Loans

Non-bank lenders are on shaky ground as they face the prospect of mortgage payment forbearance with the ongoing coronavirus pandemic, which could end up costing...

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Facebook Launches Desktop Messenger Video Chat
Facebook Launches Desktop Messenger Video Chat
April 02, 2020  |  Facebook / Meta

The desktop version of popular app Facebook Messenger has arrived on Mac and Windows computers, letting people communicate via video chat during a time when...

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Bed Bath & Beyond Takes 1-800-Flowers To Court To Preserve Sale
Bed Bath & Beyond Takes 1-800-Flowers To Court To Preserve Sale
April 02, 2020  |  Partnerships

Even with the coronavirus’ increasing health and financial crises, Bed Bath & Beyond wants to make sure a deal with 1-800-Flowers still goes through as...

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Gig Workers Unemployment Benefits A Question Mark
Gig Workers Unemployment Benefits A Question Mark
April 02, 2020  |  Gig Economy

Gig economy workers, despite being included in the federal stimulus for economic recovery from the coronavirus, now face uncertainty over how they’ll get any of...

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Minneapolis Fed Chief Calls For ‘Generous’ SMB Funding
Minneapolis Fed Chief Calls For ‘Generous’ SMB Funding
April 02, 2020  |  Economy

The Federal Reserve Bank of Minneapolis President Neel Kashkari said on Thursday (April 2) that policymakers should be generous with the help that is extended...

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