Uber said revenue fell 29 percent in the second quarter because people traveled less, but food deliveries soared.
Uber’s Revenue Craters, as Deliveries Surge in Pandemic
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Daily Archives: August 6, 2020
New Unemployment Claims Decline, but Remain ‘Alarmingly High’
Nearly 1.2 million filed for state benefits last week, the lowest total since March, as economic readings offer only limited encouragement.
Amid Dire Jobless Numbers, Small-Business Relief Program Nears End
The Paycheck Protection Program provided respite for hard-hit small businesses, but it is ending soon. With no word on further government help, owners worry about their fate.
UK recession will be less severe than feared but unemployment to surge, says Bank of England
GDP to shrink 9.5 per cent this year – less severe than the 14 per cent which had been forecast – but Bank warns of surge in unemployment amid ‘unusually uncertain’ outlook
UK quarantine rules: Which new countries have been added to the list?
Belgium is a key international crossroads for travellers from the UK to the Netherlands, Germany and beyond
News Corp posts wider loss as coronavirus pummels advertising revenue
Results were heavily affected by the pandemic as well as by a decline in revenue related to the sale of the company’s supermarket-coupon business, News Corp said.
Doris Buffett, Philanthropist Sister of Warren, Dies at 92
(Bloomberg) — Doris Buffett, a philanthropist who with the financial assistance of her billionaire brother Warren Buffett gave life-changing gifts to people down on their luck, has died. She was 92.Buffett died at her home in Rockport, Maine, on Tuesday, surrounded by family and friends, listening to Billie Holiday music, according to her grandson Alexander […]
TVA backtracks after Trump’s demand that it rehire some of its dismissed tech workers
The Tennessee Valley Authority rehired more than 100 employees just three days after President Trump singled out the federally owned utility for outsourcing those jobs and blasted its CEO over his “ridiculous” pay package.
Trump orders government to ‘buy American’ for certain drugs
The administration said President Trump issued the order to plug gaps in the medical supply chain that have been revealed during the coronavirus crisis.
How Robinhood Is Shaking Up the Brokerage Industry
As millions of new traders sign up for the investment app Robinhood, the company is facing scrutiny for enabling some inexperienced users to make risky bets. WSJ spoke with a financial education professional and two Robinhood traders about how the app is shaking up the brokerage industry.
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New York Attorney General Sues to Dissolve National Rifle Association
New York Attorney General Letitia James describes a lawsuit seeking to dissolve the National Rifle Association, alleging executives violated state nonprofit laws. The NRA filed a countersuit in New York state court, and President Trump suggested the organization should move to Texas. Photo: Justin Lane/Shutterstock
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Deutsche Bank gave Donald Trump financial records to New York prosecutors – report
Manhattan district attorney’s office seeking eight years of the president’s personal and corporate tax recordsNew York prosecutors investigating Donald Trump’s finances previously issued a subpoena to Deutsche Bank, one of the foremost lenders to the president’s business, as part of their inquiry – and the bank complied, according to the New York Times.The o […]
Another 1.18m Americans file for unemployment as benefits expire
Economists worry expiration of $600 weekly lifeline will lead to sharp drop-off in household spending and set back the economyAnother 1.18 million people filed for unemployment benefits last week as economists worry the expiration of enhanced unemployment benefits will lead to a sharp drop-off in household spending and set back the US economy’s near-term rec […]
He’ll get us back on our feet’: Trump supporters in Kentucky stick by him despite Covid-19 surge
A second statewide lockdown could be on the cards if infections continue to rise but the economic impact worries residentsBusiness is slow at Studio 23, a hair salon just off the main drag in Pikeville, a small city in rural eastern Kentucky, so barber Derek Harris is outside chewing the fat with two maskless police officers while waiting for his first clien […]
Consider This Before Self-Publishing Your Book
Releasing a work of non-fiction can be an amazing opportunity for yourself and your business, but only if it’s done in the right way
Foreaders 