COVID

Temu Parent’s Merchandise Sales Fall 29% Amid China’s Slow Recovery
Temu Parent’s Merchandise Sales Fall 29% Amid China’s Slow Recovery
March 20, 2023  |  Retail

China’s PDD Holdings is the latest company feeling the effects of the country’s COVID recovery. On Monday (March 20), the eCommerce firm released quarterly and full-year earnings showing its...

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American Companies Like Starbucks, Ralph Lauren Bet on China’s Post-COVID Recovery
American Companies Like Starbucks, Ralph Lauren Bet on China’s Post-COVID Recovery
February 26, 2023  |  Investments

American companies in several industries are banking on increased post-pandemic consumer demand from China. A report Sunday (Feb. 26) by The Wall Street Journal (WSJ)...

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Boston Fed Study Ties Kids to Consumption During Economic Downturns
Boston Fed Study Ties Kids to Consumption During Economic Downturns
December 06, 2022  |  Economy

Despite the holiday cheer, American consumers are growing increasingly anxious about the economy. It’s gotten to the point where even those consumers whose wages and...

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Apple: COVID Has Slowed iPhone 14 Shipments
Apple: COVID Has Slowed iPhone 14 Shipments
November 07, 2022  |  Apple

One week after reports that China’s COVID outbreak was hampering production on Apple’s iPhone 14, the company made it official. “We continue to see strong...

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Peloton Co-Founders Foley, Kushi Step Down From Company Roles
Peloton Co-Founders Foley, Kushi Step Down From Company Roles
September 12, 2022  |  Fitness

Chairman John Foley and chief legal officer Hisao Kushi are stepping down from Peloton as the down-and-out maker of exercise equipment they both helped to...

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Fauci: US COVID Infections Could Go Up
Fauci: US COVID Infections Could Go Up
March 20, 2022  |  Coronavirus

There could be a rise in COVID-19 cases in the U.S., though according to Dr. Anthony Fauci it’s not likely to prompt a renewal of...

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Economists Say 68 Pct Of Unemployed Workers Collected More Than Their Regular Wages
Economists Say 68 Pct Of Unemployed Workers Collected More Than Their Regular Wages
July 12, 2020  |  Economy

In three weeks, the $600 federal jobless benefit that has been added to the state’s unemployment checks will end. These payments have put $18 billion...

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Labor Secretary: $600 Unemployment Payouts No Longer Needed
Labor Secretary: $600 Unemployment Payouts No Longer Needed
July 05, 2020  |  Economy

Laid-off workers collecting federal unemployment benefits got some disappointing news from the nation’s U.S. Labor Secretary Sunday (July 5). Eugene Scalia told Fox News Sunday...

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US Casinos To Go Cashless, Citing Pandemic Fears 
US Casinos To Go Cashless, Citing Pandemic Fears 
June 18, 2020  |  Payment Methods

U.S. casinos are moving toward cashless gambling to protect customers and staff from the COVID-19 pandemic. The American Gaming Association (AGA), the Washington, D.C.-based trade...

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