Yelp data shows 60% of business closures due to the coronavirus pandemic are now permanent

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Description: Yelp on Wednesday released its latest Economic Impact Report, revealing business closures across the U.S. are increasing as a result of the coronavirus pandemic’s economic toll. Source: CNBC.com – video report Date: Sep 18, 2020 Link: https://www.cnbc.com/2020/09/16/yelp-data-shows-60percent-of-business-closures-due-to-the-coronavirus-pandemic-are-now-permanent.html Questions for discussion: How has the covid pandemic affected business closures? Which businesses have been particularly hard hit? Are… Read more »

Incoming MEC CEO says store closures, merchandise changes coming after deal to take co-op private

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Description: VANCOUVER — The incoming chief executive of MEC understands the backlash against a deal to take the outdoor retail co-operative private, but hopes former members continue to shop there. Source: FinancialPost.com Date: Sep 16, 2020 Link: https://financialpost.com/news/retail-marketing/incoming-mec-ceo-says-store-closures-merchandise-changes-coming-after-deal-to-take-co-op-private/wcm/82f5a212-b1cc-4f7d-91c8-a66bf804c3b3/ Questions for discussion: What happened to MEC? Do you think management deserves the criticism from members? What… Read more »

The holiday shopping season could start on 10/10/2020 with retailers hopeful that consumers will turn out early

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Description: Forget Thanksgiving Day. The start to the holiday shopping season could be October 10, or 10/10/2020, according to Keith Jelinek, managing director in the retail practice at global consultancy Berkeley Research Group. Source: MarketWatch.com Date: Sep 16, 2020 Link: https://www.marketwatch.com/story/the-holiday-shopping-season-could-start-on-10-10-2020-with-retailers-hopeful-that-consumers-will-turn-out-early-11600197849?mod=home-page Questions for discussion: What is the basis for these notions of an earlier start… Read more »

Singapore to Pay Citizens for Keeping Healthy With Apple Watch

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Description: Apple Inc. and the government of Singapore have partnered on a two-year health initiative dubbed LumiHealth, which is built around tracking and rewarding user behavior through the Apple Watch gadget and an iPhone app. Source: Bloomberg.com – video report Date: Sep 15, 2020 Link: https://www.bloomberg.com/news/articles/2020-09-16/singapore-to-pay-citizens-for-keeping-healthy-with-apple-watch?srnd=premium-canada Questions for discussion: Describe the partnership plan between Apple, government,… Read more »

Farming Rises, Sports Tumbles in U.S. Industry Ratings

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Description: WASHINGTON, D.C. — For the first time in Gallup’s 20 years of tracking Americans’ views of various business and industry sectors, farming and agriculture is the clear leader. Source: Gallup.com Date: Sep 08, 2020 Link: https://news.gallup.com/poll/319256/farming-rises-sports-tumbles-industry-ratings.aspx Questions for discussion: In general, how have industries and businesses been affected by the coronavirus? Are you surprised… Read more »

How Etsy built a nearly $14 billion handmade empire

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Description: If it’s handmade or over 20 years old, there’s a good chance you can find it on Etsy, the go-to online marketplace for handcrafted and vintage goods. Source: CNBC.com – video report Date: Sep 05, 2020 Link: https://www.cnbc.com/2020/09/05/how-etsy-built-a-handmade-empire.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: How would you describe Etsy’s business model? Summarize the evolution of the firm’s… Read more »

Telemedicine

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Description: When the coronavirus hit, medical practitioners started ramping up their virtual offerings – notably appointments via videoconferencing apps such as FaceTime and Zoom – as a way to continue caring for patients and keep their businesses alive. Source: Bloomberg.com Date: Sep 12, 2020 Link: https://www.bloomberg.com/quicktake/telemedicine?srnd=businessweek-v2 Questions for discussion: What does the report say about… Read more »

Powell says low interest rates could last for years

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Description: Interest rates are likely to stay low for years as the economy fights its way back from the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said in remarks published Friday afternoon. Source: CNBC.com Date: Sep 04, 2020 Link: https://www.cnbc.com/2020/09/04/powell-says-duration-of-low-interest-rates-will-be-measured-in-years.html Questions for discussion: Why are lower interest rates both good and bad news? How will… Read more »

These restaurant chains are unveiling new designs inspired by the pandemic

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Description: The coronavirus pandemic is spurring on a growing number of restaurant chains to build restaurants with new bells and whistles focused on convenience and safety. Source: CNBC.com Date: Sep 04, 2020 Link: https://www.cnbc.com/2020/09/05/restaurant-chains-are-unveiling-new-designs-inspired-by-the-pandemic.html Questions for discussion: How have these restaurant chains responded to the coronavirus pandemic? Do you think these are good decisions? What else would… Read more »

Dow jumps 500 points, heads for biggest weekly gain since 1938

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Description: The Dow Jones Industrial Average rallied on Thursday, wrapping up its best week in more than 80 years, after the Federal Reserve gave more details on how it will support the economy amid the coronavirus pandemic. Source: CNBC.com – video report Date: Apr 08, 2020 Link: https://www.cnbc.com/2020/04/08/stock-market-futures-open-to-close-news.html Questions for discussion: Summarize the highlights in this report. Why… Read more »