Nearly 73,000 Businesses Have Closed Permanently
According to data from Yelp, more than 55 percent of the 132,500 businesses listed on the site that closed during the pandemic will remain shuttered permanently. Although government relief bought…
Thousands of U.S. Workers Participate in “Strike for Black Lives”
Yesterday, tens of thousands of workers across the U.S. walked off their jobs in support of the “Strike for Black Lives.” According to organizers, the strike was held to bring…
Microsoft Replaces Dozens of Employees With Artificial Intelligence
BBC reports, dozens of Microsoft employees (outsourced through a media firm) were informed their services were no longer needed. They are being replaced with artificial intelligence and software that can…
Investors Prepare for Stock Market Volatility
During the first six months of 2020, U.S. stock markets went through their biggest quarter-to-quarter swing in more than 80 years. March saw share prices plummet as businesses across the…
Rockets’ Red Glare
As many communities canceled Fourth of July celebrations and fireworks shows, more Americans chose to celebrate at home. This shift from public celebration to private parties led to a significant…
U.S. Billionaires Have Made $584 Billion During the Pandemic
According to experts, the coronavirus pandemic has deepened economic inequality and expanded the racial wealth gap across the U.S. While the unemployment rate for white workers sits at 12.4 percent,…
1.5 Million People Applied for Unemployment Last Week
Tens of millions of Americans have filed for unemployment during the coronavirus pandemic. This historically high number increased by another 1.5 million last week as many people continue to struggle…
Diversity in Economics
Black Lives Matter Plaza, Washington, DC, USA The international mobilization of the Black Lives Matter movement and the increasing calls for action against racial injustice are also shedding light on…
COVID-19 and the 2020 Summer Camp Season
Currently, they are more than 14,000 summer camps across the United States. States all over the nation are preparing to slowly open their economies. The American Camp Association states that…
T-Mobile & Sprint $30 Billion Merger Approved
After several months of legal proceedings, the T-Mobile and Sprint merger has been approved. The merger required approvals from the Department of Justice and the U.S. Federal Communications Commission. Through…