Covid 19 Pandemic news and trends

GBTA, Visa Say Business Travel Rebounded Faster Than Expected
Travel Payments // August 14, 2023

Business travel is bouncing back following a pent-up demand for in-person meetings and events as the world moves beyond the pandemic. This rebound is occurring faster than expected, the Global Business Travel Association (GBTA) and Visa said in a Monday (Aug. 14) press release. Global...

Revlon Announces Interim CEO Appointment Post Financial Restructuring
Retail // August 01, 2023

Cosmetics maker Revlon has announced the appointment of Elizabeth “Liz” A. Smith as interim CEO of the company, effective Tuesday (Aug. 1). Smith takes over from Debra Perelman, who is stepping down from her role as president and CEO and board member, but will remain an advisor to the...

New U.S. Chamber Initiative Tackles Labor Shortage
Economy // June 01, 2021

The U.S. Chamber of Commerce is launching America Works, an initiative dedicated to addressing the nationwide labor shortage that is now reaching crisis-level proportions as the world reopens post-pandemic. “As we stand on the cusp of what could be a great American resurgence, a worker...

Uber Expands Offerings With Vaccine Bookings, Car Rentals
Ridesharing // April 28, 2021

People can now use the Uber app to book vaccine appointments, make car rental reservations, secure rides by the hour for multiple stops and more, according to a company blog post on Wednesday (April 28). Its new “go get” strategy coincides with the reopening of...

Quick Reads
Peloton Faces Declining User Engagement and Challenges Amid Subscriber Concerns

October 19, 2023
Fitness company Peloton is grappling with a decline in engagement, leading to a shrinking user base. The trend has prompted Bank of America to downgrade Peloton’s rating to “underperform” due to concerns about the company’s subscriber results, Bloomberg reported Thursday (Oct. 19). The downgrade led to a 0.2% fall in Peloton’s share price after declining as much as 5.6%, according […]

GBTA, Visa Say Business Travel Rebounded Faster Than Expected

August 14, 2023
Business travel is bouncing back following a pent-up demand for in-person meetings and events as the world moves beyond the pandemic. This rebound is occurring faster than expected, the Global...

New U.S. Chamber Initiative Tackles Labor Shortage

June 01, 2021
The U.S. Chamber of Commerce is launching America Works, an initiative dedicated to addressing the nationwide labor shortage that is now reaching crisis-level proportions as the world reopens post-pandemic. “As...

Uber Expands Offerings With Vaccine Bookings, Car Rentals

April 28, 2021
People can now use the Uber app to book vaccine appointments, make car rental reservations, secure rides by the hour for multiple stops and more, according to a company blog...