People walk through a crowded shopping street in Birmingham, central England on August 22, 2020. justin tallis/Agence France-Presse/Getty Images The U.K. economy grew 2.1% in August, according to data released Friday that showed the slowest monthly gain since the initial lockdowns. The gain in gross domestic product leaves the U.K. …
Read More »‘Don’t ever, ever underestimate the potential of the pandemic’: 5 reasons scientists say you should be afraid of COVID-19
Panicking about COVID-19 won’t help you get through the pandemic, health professionals say. And neither will treating the novel coronavirus, a highly unpredictable disease for which there is no 100% successful therapeutic treatment, with anything less than extreme caution. In short, it affects everyone differently. President Trump was released from …
Read More »: The pandemic turned Postmates’ IPO plans into a bidding war between Uber and Wall Street
Postmates, which is being bought by Uber, has not turned a profit since its inception. Justin Sullivan/Getty Images On March 17, the day the San Francisco Bay Area became the first major metropolitan area to enact a shelter-in-place policy due to the COVID-19 pandemic, Postmates Inc. engaged a bank to …
Read More »Financial News: ‘I think it sent the right message’ — Goldman Sachs CEO David Solomon spent every day in the office at height of pandemic
David Solomon (Getty Images) Goldman Sachs Chief Executive David Solomon said he spent every day in the office at the height of the coronavirus pandemic. “It wasn’t a decision, like I woke up one day and said, ‘I’m going to be in the office every day during the pandemic,’” Solomon told …
Read More »CityWatch: Pandemic startups: These N.Y. entrepreneurs did the unthinkable during COVID-19
Opening a small business in New York City, where rents and risks can rise as high as a skyscraper, is no mean feat even under ideal circumstances. COVID-19 exacerbates everything. Ask Shweta Khare, Jackie Casiano and Myriam Simpierre, entrepreneurs behind an Upper West Side cafe, West Village hair salon and …
Read More »Dispatches from a Pandemic: Spain virologists say the country’s second virus wave holds a valuable lesson for the rest of the world
MADRID — Just days away from the start of a new school year, Spain’s capital city rolled out fresh restrictions on Monday to cope with what’s becoming a relentless second wave of cases. But those measures — strict controls on the distance between seats rather than tables in food-service settings, …
Read More »Thinking of moving from the city to the suburbs amid the pandemic? 5 financial factors you should consider first
Sick of being cramped inside a small apartment where you now not only live, but work and teach your kids, too? You’re far from alone these days. But buying a home and moving to the suburbs is far from a fool-proof decision from a financial perspective, even in an era …
Read More »The Tell: Women money managers have an edge over men during the pandemic of 2020. Thank tech stocks for that
A century after winning the right to vote and in the midst of a pandemic, female fund managers are outperforming their male colleagues on Wall Street. That is according to a team of equity strategists at Goldman Sachs, who crunched the numbers in honor of 2020, which marks the 100th …
Read More »Outside the Box: What could save the hotel industry amid the pandemic — a hub for work and play
Like so many industries upended by COVID-19, hospitality is undergoing a massive transformation. U.S. hotels are losing $ 400 million a day in room revenue, adding up to over $ 46 billion so far in 2020. The staggering loss has accelerated trends, forcing change faster than anyone could have ever …
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