Business News Weekly ─ July 6, 2020
Apple developer conference gives hope to similar planned event.
Families are bargaining over college costs – and winning. The pandemic has accelerated a year-long shift in financial power toward students, away from schools; it’s a buyer’s market.
Tesla deliveries surpass expectations, although they fell a few percent from a year earlier.
Real fix for Facebook isn’t in sight.
Chinese tech firms face big setback from Indian curbs, shutting down several of their apps.
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The economic gain is a tale of two countries and the Chinese companies are pulling ahead.
Households in the UK are becoming more digitally savvy some for the first time.
US commerce will rise 18% in 2020 amid the pandemic.
“Who you gonna call? Germbusters! Pandemic drives boom in spray machines” ─ from Reuters. Timothy Kane, CEO of Goodway Technologies Corp, has never been so popular. Making machines that spray disinfectant, once a niche business, is now an essential service – and the phone is ringing off the hook. “Our orders jumped 50-fold in April, it was like a switch got flipped,” said Kane.
Goodway, which has a factory in Stamford, Connecticut, builds machines that spray an alcohol-infused mist to sanitize surfaces. Until a few months ago, those devices were just a tiny part of its business, catering mostly to places like industrial bakeries that had to constantly clean surfaces.
“Boston Fed says Main Street program now ‘fully operational’ and ready to purchase loans” ─ from Reuters. The Federal Reserve Bank of Boston said on Monday the Main Street Lending Program is now fully operational and ready to purchase eligible loans. The Main Street lending facility, which opened for lender registration in mid-June, is meant to extend easy credit to small and mid-sized businesses that cannot get it elsewhere.