Michigan officials announced a new program to ensure that no one will lose their home during the coronavirus pandemic. The program will provide borrowers with a 90-day grace period for all mortgage payments. So far, more than 200 financial institutions have signed onto the partnership. If you need help, you are encouraged to reach out … Read more
American skateboarding shop and clothing brand is releasing a new box-logo tee to support youths and families facing homelessness due to the COVID-19 pandemic. The COVID-19 pandemic has spurred a multitude of fashion brands into action. Some have donated funds, manufactured hospital gowns or masks, etc.—each doing the best they can to help. Recently, Supreme … Read more
AT&T CEO Randall Stephenson has announced that he’ll be stepping down from his position, with current AT&T president and COO John Stankey set to replace him as the new CEO on July 1st, via CNBC. Stephenson will continue to serve as the executive chairman of AT&T’s board until January 2021. Stephenson has served as AT&T’s CEO since May … Read more
Faced with mounting criticism, Ruth’s Chris Steak House — which operates more than 100 restaurants in North America — will return the $20 million coronavirus small business loan it got from the federal Paycheck Protection Program, NBC News reported Thursday. The $350 billion PPP was designed to rescue the millions of small businesses that have seen … Read more
Zoom has hit the headlines recently for a growing number of security and privacy concerns, but that doesn’t seem to have stopped people from flocking to the video conferencing app. Zoom has now revealed that it has surpassed 300 million daily Zoom meeting participants. That’s up 50 percent from the 200 million the company reported earlier … Read more
California Gov. Gavin Newsom is facing pushback as state lawmakers have begun demanding details of his nearly $1 billion deal to receive 200 million masks per month from a Chinese manufacturer. Just two weeks after announcing the deal, Newsom has remained largely mum on the specifics. Advisers to the California Democrat have declined requests for comment from the … Read more
WASHINGTON – A stunning 26.5 million Americans have sought unemployment benefits over the last five weeks, confirming that all the jobs gained during the longest employment boom in U.S. history have been wiped out as the novel coronavirus savages the economy. The labor market slaughter added to collapsing oil prices, retail sales, manufacturing production, homebuilding … Read more
WASHINGTON- U.S. Treasury Secretary Steven Mnuchin warned on Wednesday that larger companies could face investigation if they apply for small business coronavirus rescue money without carefully reviewing whether they qualify for it. Mnuchin said on Fox Business Network it was “questionable” whether some larger companies could make the certifications necessary for the Paycheck Protection Program, … Read more
Tyson Foods Inc. will be suspending operations at its largest pork plant indefinitely, the company confirmed Wednesday. The Waterloo, Iowa, facility had been running at reduced levels of production from workers being absent due to the coronavirus pandemic, the company said in a statement. “Protecting our team members is our top priority and the reason we’ve implemented … Read more
Magic Leap laid off a “number of employees” this morning and announced they were backing away from their consumer ambitions to focus more heavily on selling to enterprise customers. Bloomberg reports that half of Magic Leap’s employees were laid off, roughly 1,000 in total. Magic Leap was in the process of exploring a sale, Bloomberg had also reported, one that could … Read more