Supreme releasing A Special COVID-19 Relief Box Logo Tee

Supreme releasing A Special COVID-19 Relief Box Logo Tee

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

Ruth’s Chris Steak House to return $20M small business loan to feds: report

Ruth’s Chris Steak House to return $20M small business loan to feds

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 reaches 300M users despite security backlash

Zoom reaches 300M users despite security backlash

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

CA Gov. Gavin Newsom won’t share details on $1B mask deal with China

Newsom won’t share details on $1B mask deal with China

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

Millions of Americans join unemployed ranks as Covid-19 ravages economy

Millions of Americans join unemployed ranks as coronavirus ravages economy

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

U.S. Treasury chief warns larger firms could face probes over payroll money

U.S. Treasury chief warns larger firms could face probes over payroll money

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. to suspend operations at largest pork plant indefinitely due to Covid-19 pandemic

Tyson Foods Inc. to suspend operations at largest pork plant indefinitely due to Covid-19 pandemic

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 reportedly cuts down 1,000 jobs and steps away from consumer plans

Magic Leap reportedly cuts down 1,000 jobs and steps away from consumer plans

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