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NYC nail salons back in business but indoor dining on hold

NYC nail salons back in business but indoor dining on hold

NEW YORK (AP) — Nail salons and dog runs were back in business on Monday as New York City entered a new phase in the easing of coronavirus restrictions, but indoor restaurant dining will be postponed indefinitely in order to prevent a spike in new infections.Mayor Bill de Blasio said about 50,000 more people will…
Small business grants available; new RI virus cases rising

Small business grants available; new RI virus cases rising

PROVIDENCE, R.I. (AP) — Rhode Island’s lieutenant governor is urging owners of small businesses struggling because of the coronavirus pandemic to apply for a grant to help them recover.Applications for the Restore RI program will be available starting Monday, Lt. Gov. Dan McKee said in a statement Thursday.The $50 million program will provide grants of…
Small business program scrutinized for loans to big firms

Small business program scrutinized for loans to big firms

NEW YORK (AP) — Congress set aside $659 billion to throw a lifeline to small businesses and organizations side-swiped by the coronavirus pandemic and to help paychecks keep flowing to workers who might otherwise head to the unemployment line. Yet that’s not exactly how it worked out. Among the 650,000 companies on the partial list…
Wayne County receives $7.5M to assist small businesses

Wayne County receives $7.5M to assist small businesses

DETROIT (AP) — Wayne County has received $7.5 million to assist small businesses suffering through the coronavirus pandemic.The small business grants from the Michigan Economic Development Corp. are through the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act.The funding is in addition to $50 million in small business readiness grants Wayne County allocated to…
Treasury to name 700K small businesses receiving govt loans

Treasury to name 700K small businesses receiving govt loans

WASHINGTON (AP) — The government on Monday identified roughly 650,000 mostly small businesses and nonprofits that received taxpayer money through a federal program that was designed to soften job losses from the coronavirus but also benefited wealthy, well-connected companies and some celebrity owned firms.The Treasury Department’s Payroll Protection Program approved applicants from a broad swath…
Photos show inside Joe Biden’s socially distant presidential campaign

Photos show inside Joe Biden’s socially distant presidential campaign

Journalists maintain physical distance while Democratic presidential candidate and former Vice President Joe Biden speaks during a campaign event at a recreation center in Lancaster, Pennsylvania, on June 25, 2020. REUTERS/Mark Makela In his presidential campaign during the coronavirus pandemic, former Vice President Joe Biden has prioritized social distancing and adhering to health guidelines.By contrast,…
The US economic recovery could take ‘just 4 or 5 years’ if coronavirus is controlled, Fed president says

The US economic recovery could take ‘just 4 or 5 years’...

The US could see a quicker economic recovery from the coronavirus pandemic recession if the virus is contained, said Mary Daly, president of the Federal Reserve Bank of San Francisco.  If there's a mitigation strategy or vaccine that allows reengagement in economic activity, "Then it could take just four years or five years," Daly said…
Trump claims a Joe Biden presidency would cause stock gains to ‘disintegrate and disappear,’ but JPMorgan says it could actually boost the market

Trump claims a Joe Biden presidency would cause stock gains to...

Trump attacked presidential hopeful Joe Biden on Monday morning, saying that stocks and 401ks would "disintegrate and disappear" under a Biden administration. That argument was contradicted by a recent research note from JPMorgan. The firm said a Biden White House would be a "neutral to slight positive" for equities, and added that a "diplomatic approach" would…
Boris Johnson is letting the UK drift towards a second coronavirus wave with thousands more avoidable deaths, according to Britain’s former science chief

Boris Johnson is letting the UK drift towards a second coronavirus...

UK Prime Minister Boris Johnson is risking the country drifting into a second wave of coronavirus infections that could result in thousands of avoidable deaths, a former chief science adviser has warned.David King, who wrote on behalf of the Independent SAGE group of leading scientists, said there was "no evidence that the government has a…
US stocks slip as traders weigh the first jobless-claim increase since March against stimulus hopes

US stocks slip as traders weigh the first jobless-claim increase since...

US stocks slipped on Thursday as weekly jobless claims rose for the first time since March. Investors are also watching for signs that Congress will announce more stimulus measures to replace the $600 weekly unemployment benefit set to expire at the end of July. Shares of Tesla and Twitter climbed following positive earnings results. Tesla…

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Welcome to the future of dining halls: reservations, delivery, and robots

Welcome to the future of dining halls: reservations, delivery, and robots

As colleges prepare to reopen, one aspect of campus life is being reconfigured: dining halls.Dining halls, long a place to gather and feast upon all-you-can-eat options, are shifting to takeout or reservation services.Some schools are turning to platforms like OpenTable and Grubhub to help manage takeout and dining hall capacity.Others are turning to robots.Visit Business…
We spoke to Amazon, Microsoft, Google, and 9 top healthcare leaders. They all said coronavirus is creating a new and permanent foothold for tech giants in the $3.6 trillion industry.

We spoke to Amazon, Microsoft, Google, and 9 top healthcare leaders. They all said...

A worker in a face mask walks by trucks parked at an Amazon facility as the global coronavirus outbreak continued in Bethpage on Long Island in New York. REUTERS/Andrew Kelly This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. The coronavirus pandemic made healthcare and major tech companies…
Here’s an exclusive look at the pitch deck fintech ComplyAdvantage used to raise $50 million from a SpaceX backer

Here’s an exclusive look at the pitch deck fintech ComplyAdvantage used to raise $50...

Charles Delingpole, ComplyAdvantage CEO and founder ComplyAdvantage This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. London-based fintech ComplyAdvantage has raised a $50 million Series C funding round from Ontario Teachers' Pension Plan Board.The startup raised the funding virtually during the coronavirus pandemic."We thought that when Covid hit…
Silicon Valley and Trump are united against TikTok — for different reasons

Silicon Valley and Trump are united against TikTok — for different reasons

Reuters/Dado Ruvic Hello and welcome to the post-Bastille day edition of Trending, Business Insider's weekly look at the world of tech. I'm Alexei Oreskovic, Business Insider's West Coast Bureau Chief and Global Tech Editor. If you want to get Trending in your email inbox every Wednesday, just click here.This week: TikTok, the disruption Silicon Valley…
‘Wild’ NHL playoffs move into next stage with final 16 teams

‘Wild’ NHL playoffs move into next stage with final 16 teams

Derek Stepan gave some words of advice to his Arizona Coyotes teammates not used to the bright lights of playoff hockey.“It’s the best time of the year to be playing,” he said.The time of year is different than usual, but the NHL’s Stanley Cup playoffs haven’t lost any of their luster or penchant for surprises.…