Reinout Schakel, chief financial officer of Luckin Coffee Inc., pauses as he speaks during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, USA. USA, Friday May 17, 2019. Victor J. Blue | Bloomberg | fake pictures Luckin Coffee revealed on Tuesday that it received a …
Read More »14% of companies expect to fire workers after using PPP loans
A sign is seen in the window of a closed J.Crew store near Rockefeller Plaza on May 4, 2020 in New York City. ANGELA WEISS / AFP via Getty Images Approximately 14% of business owners who received a loan through the Paycheck Protection Program expect to fire workers once they …
Read More »Cities warn of cuts in infrastructure spending as virus depletes budgets
People watch the Manhattan skyline before watching a movie at the Skyline Drive-In NYC movie experience on June 16, 2020 in the Brooklyn district of New York City, in the midst of the new coronavirus pandemic. Angela Weiss | AFP | fake pictures More than 700 US cities USA They …
Read More »IRS eases rules for reversing required retirement savings withdrawals
If you took a minimum required distribution from your retirement account this year and want to reverse it, now you can. The IRS said Tuesday that anyone who has already taken a RMD in 2020 from certain retirement accounts has until August 31 to return the money. The announcement comes …
Read More »Our smart ring users found coronavirus detection
When the NBA travels to the Orlando bubble to resume its season, the league provides players and staff with a smart ring that can help forecast the coronavirus. But the Oura health tracker ring was not originally intended to detect coronaviruses and it happened almost by surprise, the company’s CEO …
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