Editor’s Picks

Treasury Secretary Warns Of Depression-Like Unemployment Levels

Treasury Secretary Warns Of Depression-Like Unemployment Levels
Treasury Secretary Warns Of Depression-Like Unemployment Levels
March 18, 2020  |  Economy

Treasury Secretary Steven Mnuchin said the U.S. unemployment rate could soar to 20 percent if Congress fails to pass a $1 trillion coronavirus stimulus package,...

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Retailers Shutter Brick-And-Mortar Stores As Foot Traffic Sinks
Retailers Shutter Brick-And-Mortar Stores As Foot Traffic Sinks
March 18, 2020  |  Economy

Large department stores such as Macy’s and Bloomingdale’s have shut down their New York City locations to avoid the large congregations of people usually inside...

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NEW REPORT: How COVID-19 Changed Daily Life For 85 Percent Of US Consumers
NEW REPORT: How COVID-19 Changed Daily Life For 85 Percent Of US Consumers
March 18, 2020  |  Economy

The United States has reached a tipping point on COVID-19, with federal state and local governments implementing new restrictions on where consumers can travel, how...

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Costco Pays $1B To Sears Owner For Logistics Co Innovel
Costco Pays $1B To Sears Owner For Logistics Co Innovel
March 17, 2020  |  Retail

Costco has announced the purchase of logistics company Innovel Solutions, which was owned by Sears parent company Transform Holdco, according to a report by The...

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Penta Lands $20M For Corporate Banking Tech
Penta Lands $20M For Corporate Banking Tech
March 17, 2020  |  B2B Payments

Germany’s Penta, which works in banking for small- to medium-sized businesses (SMBs), has completed a 18.5-million-euro ($20.4 million) funding round, according to a TechCrunch report....

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FTC Calls For Safety Measures As Coronavirus Cases Grow
FTC Calls For Safety Measures As Coronavirus Cases Grow
March 17, 2020  |  Economy

The Federal Trade Commission (FTC) is prioritizing measures to ensure the health and safety of U.S. residents as they hunker down amid the coronavirus pandemic....

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Trump Seeks Up To $1,000 For Each American Impacted By Coronavirus
Trump Seeks Up To $1,000 For Each American Impacted By Coronavirus
March 17, 2020  |  Economy

President Donald Trump is reportedly discussing the possibility of sending Americans $1,000 checks to help with the economic hardships brought on by the coronavirus, according...

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SoftBank May Drop Plan To Buy $3B In WeWork Stock
SoftBank May Drop Plan To Buy $3B In WeWork Stock
March 17, 2020  |  Investments

A big part of SoftBank’s bailout plans for office sharing company WeWork could be in jeopardy after SoftBank backed away from a plan to buy...

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