Europe isn’t going on vacation. That spells trouble for millions of workers
Europe’s summer tourist season may be officially past saving. There are early signs that attempts to restart travel and draw tourists back to the world’s most visited region are floundering, placing millions of jobs at risk and reducing the chance of a quick economic recovery from the coronavirus pandemic. TUI, the world’s largest tour operator,…… MORE
Sudden sewing boom has sewing machine sellers scrambling
The Clorox wipes shortage continues to hog the attention, but there’s another product that’s been hard to find on store shelves over the past four months because of coronavirus: sewing machines. Sellers are doing everything they can to keep up with a sudden surge in demand, but they still can’t keep pace. While homebound families…… MORE
Emirates and Siemens promise to help Lebanon with an airlift and free power
Emirates and Siemens have pledged to help the people of Lebanon recover from the cataclysmic explosion that rocked Beirut last week and pushed the country’s crisis-ridden economy towards the abyss. The flag carrier of the United Arab Emirates committed on Thursday to establishing an “air bridge” that will move critical aid to Lebanon. The airline…… MORE
Peloton shares slip, then recover, after report of possible new competition from Apple
Peloton may soon have to face Apple as a new competitor, and investors don’t like it. Shares of Peloton, the trendy at-home fitness service that streams classes to a spin bike or treadmill, fell more than 4% in premarket trading Thursday. But the stock rebounded, and closed at $65.65, up 2%. The initial drop came…… MORE
Apple and Tesla just announced stock splits. Here’s what that means for your investments
Apple and Tesla, arguably two of the market’s most popular companies, both announced stock splits in recent weeks. Are these maneuvers good or bad for investors? Here’s what you need to know if your shares are being split in two (or three, or four, or five). A stock split does exactly what it sounds like:…… MORE
Stein Mart files for bankruptcy and will close most of its 300 stores
Discount retailer Stein Mart has filed for bankruptcy and plans to close most of its nearly 300 stores. The 112-year-old company blamed its failure on changing consumer habits and the pandemic, both of which “have caused significant financial distress on our business,” Stein Mart CEO Hunt Hawkins said in a release on Wednesday. Like other…… MORE
Romantic Cartier ad featuring two men stirs censorship debate in China
A Chinese advertisement for Cartier has reignited discussion about the country’s taboo around LGBTQ rights. The French luxury jeweler released a minute-long ad Monday to promote its wares — including its iconic Trinity ring — ahead of China’s Qixi Festival on August 25, the country’s answer to Valentine’s Day. The ad features couples in romantic…… MORE
Meat prices are finally falling — except for hot dogs
Americans finally got some relief in the grocery store last month as prices fell. Food prices overall fell a seasonally adjusted 0.4% in July, the first decrease since April of last year, the Bureau of Labor Statistics reported Wednesday. Prices of food for the home fell 1.1% in July, compared to an increase of 0.7%…… MORE
Why stores need to pay more attention to the air we breathe
During the coronavirus pandemic, supermarkets and retail stores have added a variety of safety features. Workers have been required to mask up and, more recently, most customers too. But most have yet to tackle what could be another important safety measure — changes to the systems that keep the stores hot and cold, and that…… MORE
Health care CEO does 180 Zoom calls in three days to help take company public
Being in charge of a health care company during a pandemic is a ton of work — just ask Eric Hobbs, CEO of Berkeley Lights, who met with 180 investors over Zoom over three and a half days — and lost 10 pounds over the process. You don’t have to go on a virtual roadshow…… MORE
