At the onset of the pandemic the U.S. economy shrunk at its fastest rate in history. But by mid-May the economy had flipped, on paper at least, from contraction to recovery. Since then, the jobless rate has fallen from its peak of 14.7% in April to 10.2% in July. Around 9.3 million Americans are back […]
Walgreens hires John Standley, former Ri...
Former Rite Aid Corp. Chief Executive Officer John Standley will run Walgreens Boots Alliance’s U.S. business, the drugstore company announced Monday. Standley will replace Richard Ashworth, who left earlier this year to take a job as CEO of Tivity Health Inc. Co-Chief Operating Officer Alex Gourlay has been overseeing the U.S. business, which includes roughly […]
Stimulus deal update: With the Republica...
Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. After three weeks of silence between Democratic and Republican leaders, House Speaker Nancy Pelosi and White House chief of staff Mark Meadows discussed another coronavirus stimulus package on Thursday. The meeting concluded without a […]
ByteDance slams the possibility of a Tri...
Since ByteDance was forced put TikTok’s U.S. operations up for sale, it seemed like just about every tech company had come circling. Over the past few months, names including Twitter, Alphabet, SoftBank and Microsoft had been in the mix. Oracle also came into the picture, challenging Microsoft, the frontrunner. Even so, it’s odd to hear […]
Coinbase shuffles board ahead of rumored...
Coinbase announced on Monday that prominent venture capitalist Marc Andreessen is joining its board, alongside Gokul Rajaram, who is an executive at DoorDash and a veteran of Google and Square. The moves come amid chatter that the San Francisco-based cryptocurrency giant, which was valued at $8 billion in late 2018, is preparing to go public […]
COVID-19 has another longterm side effec...
The coronavirus pandemic is the scourge that keeps on whipping—and its latest punishment is likely to be felt in dozens of states and municipalities across the United States as governments reckon with a massive and sudden loss of revenue. The widespread shutdown of businesses in the wake of COVID-19 didn’t just hammer sales from those […]