business and finance

Top White House officials shelved guidance for reopening the US despite CDC approval

Top White House officials shelved expert guidance to reopening America from the Centers for Disease Control and Prevention, despite the report being greenlit by the CDC director, the Associated Press reported.The first 17 pages of the report — which spanned more than 60 pages — was initially released by the AP on May 7, after the White House killed its release on April 30, the day federal social distancing guidelines were set to expire.Following the AP report on Thursday, the White House subsequently fast-tracked the approval for release of the guidance.White House spokeswoman Kayleigh McEnany told reporters Friday that the report was not released because CDC director Robert Redfield had not approved of it. However, internal emails obtained by the AP suggest a different timeline.Visit Business




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Ivanka Trump's personal assistant has reportedly tested positive for the coronavirus

Ivanka Trump's personal assistant has tested positive for the coronavirus, CNN reported.The assistant has reportedly not been around the first daughter for several weeks. Both Trump and her husband, Jared Kushner, tested negative on Friday.Earlier this week, one of President Donald Trump's valets tested positive for the virus. And on Friday, it surfaced that Vice President Mike Pence's press secretary, Katie Miller, also tested positive.The US is currently the global epicenter of the novel coronavirus outbreak, which the World Health Organization designated a pandemic in March. But Trump and several Republican lawmakers are already moving to loosen social distancing guidelines and reopen businesses.Visit Business Insider's homepage for more stories.Ivanka Trump's personal assistant has tested




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Tara Reade claims Joe Biden said, 'I want to f--- you' during alleged sexual assault

Tara Reade, a former Senate staffer for then-Sen. Joe Biden who recently accused him of sexual assault, told Megyn Kelly in an exclusive interview that Biden said, "I want to f--- you," during the alleged assault in 1993."He said it low, and I was pushing away, and I remember my knee hurting because our knees — he had opened my legs with his knee — and our kneecaps clashed, so I felt that sharp pain," Reade said, while recounting how Biden allegedly pushed her against a wall and penetrated her with his fingers.Reade has detailed her experience in multiple interviews with Business Insider, The New York Times, The Washington Post, and the podcaster Katie Halper — who first reported the allegations.Her allegations have also been corroborated by a former neighbor, who told Business Insider that




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'There is no precedent that anybody can find': Obama reportedly excoriated the DOJ's decision to drop the Michael Flynn case in a private call

Former President Barack Obama excoriated Justice Department over its decision to drop its case against former national security adviser Michael Flynn, during a private call with the Obama Alumni Association, Yahoo News reported."There is no precedent that anybody can find" in which "someone who has been charged with perjury just getting off scot-free," Obama said, though he misstated the crime Flynn pleaded guilty to.The former national security adviser pleaded guilty in December 2017 to lying to the FBI as part of the Russia probe. After initially cooperating with prosecutors, Flynn hired a more combative defense team that called for a judge to dismiss the case after alleging prosecutorial misconduct."That's the kind of stuff where you begin to get worried that basic — not just institutional




business and finance

Trump's incompetent response to the US coronavirus outbreak is helping China look good

75644579President Donald Trump has overseen a chaotic response to the US coronavirus outbreak, downplaying its severity and repeatedly changing his stance on China.This is undermining US authority to criticize how China handled the initial outbreak, which began in Wuhan.China has capitalized on this, with state media and government officials highlighting the US inconsistencies and saying it is "hid[ing] their incompetence by blaming China."There are signs that the Chinese public — the Communist Party's most important audience — is also losing trust in the US.Visit Business Insider's homepage for more stories.China's Communist Party has in recent weeks embarked on an expansive propaganda campaign to recoup its public image as the coronavirus ravages much of the world.Its efforts have included




business and finance

The accusation against Joe Biden has Democrats rediscovering the value of due process

75647493Presumptions of guilt do not serve justice, they inevitably lead to false accusations and ruined lives.That's something Democrats are rediscovering now that Joe Biden, the presumptive Democratic presidential nominee, faces a sexual assault allegation.In the #MeToo era, "Believe Women" was meant to create a societal change that women would be taken seriously when they reported abuse.But it was taken literally by some Democrats, including prominent lawmakers, such as Biden himself.Due process is not exclusively for the popular. It's for both the guilty and the wrongly accused, and it's the foundation that gives just verdicts their weight. This is an opinion column. The thoughts expressed are those of the author.Visit Business Insider's homepage for more stories.Justice requires a code.




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Mobile games download witnesses 39% surge during Covid-19 lockdown

POKKT reported a 39% increase in global mobile game downloads in the month of March 2020.Increase in daily average session time to 45 mins from 30 mins.With people staying indoors and practising social distancing, POKKT reported a 39% increase in global mobile game downloads in the month of March 2020. While industries like travel, hospitality, FMCG have seen a considerable dip in their performance, the mobile gaming industry has seen a major surge due to more indoor time on consumers’ hands.POKKT Mobile Ads works with over 3,000 publishers across the globe, thereby managing in-app advertisements for top games, generating about 700mn monthly unique users coming to their platform. The ad-tech platform has registered that there has been 31% increase in ad requests globally thereby pushing the




business and finance

Mobile recharges are the latest victim of the lockdown, down by 35%

With over 130 crore Indians in lockdown, telecom companies could have benefited as mobile data usage was expected to increase.However, as the lockdown forced recharge vendors to shut down, over 66% users who depend on them were unable to recharge their mobile numbers.Additionally, the number of new mobile users also fell drastically, further dampening the mood in the telecom sector.As a majority of Indians work from home, the telecom sector was poised for a comeback as everyone expected data consumption to go up. While that did happen, the sector also lost out on a large chunk of business - as prepaid recharges from physical outlets went down. In the last one month, recharges were down by 35%, according to an Economic Times report. This is a big blow to the sector as it was touted to be one




business and finance

Reliance Jio vs Airtel vs Vodafone Idea best 3GB data per day plans

Over 600 million users in India rely on mobile data to connect to the internet, while only 19 million households have a broadband connection.With India under a 21-day lockdown, mobile data has come to the rescue of nearly half of the country’s population.While all three telcos have high FUP plans, Airtel and Vodafone Idea offer better value for money as compared to Jio.India is currently under a 21-day nationwide lockdown to control the spread of the Coronavirus pandemic. While the lockdown is scheduled to end on April 14, there have been reports that several state governments want to extend the lockdown.With people stuck at home, their internet usage has gone up over the past few days, be it for remote working, online classes or entertainment. Over 630 million users in India rely on mobile




business and finance

Augmented Reality is the next big thing for brands: Frooti, OnePlus, TATA and other brands are leading the way

Augmented reality has shown great promise in the mobile ad space, along with the gaming industry.Brands like Frooti, OnePlus, Godrej and Tata have been quick to incorporate AR into effective mobile-led ad campaigns that have proven to enhance user engagement.Vishal Rupani, Co-founder and CEO, mCanvas, walks us through some of the best examples of brands using AR to their advantage.Augmented reality (AR) has become a buzzword in the online tech space. Almost everyone has heard of Pokémon GO, the AR mobile game. But the innovation isn’t exclusive to the gaming industry. It has shown great promise even in the mobile ad space, and brands have been quick to incorporate AR into mobile-led ad campaigns that have proven to enhance user engagement. We’ll let these examples do the talking. Here are




business and finance

OnePlus 8, OnePlus 8 Pro launch – how to watch live stream event, specs, expected price and more

OnePlus 8 and the OnePlus 8 Pro are scheduled to launch in a global online event tonight.The highlights of the OnePlus 8 series is its Snapdragon 865 chipset, 5G support and high refresh displays.The OnePlus 8 launch will be live streamed on the company’s website and YouTube channel.Chinese smartphone maker OnePlus is all set to launch the OnePlus 8 and OnePlus 8 Pro in a global online event where the company will reveal the devices and announce the pricing and availability of its flagship devices.The OnePlus 8 and OnePlus 8 Pro are the successors of the OnePlus 7 series and are expected to feature improved cameras, Snapdragon 865, 120 Hz display and 5G support.How to watch OnePlus 8 series launchThe OnePlus 8 series launch will begin at 8:30 PM and you can watch the live stream on the company’s




business and finance

India is changing its mobile habits and that can help Airtel and Vodafone

Due to the lockdown, Indians are now spending more time than ever on social media, internet-based calling apps and watching original content.The sudden change in lifestyles could lead to the emergence of new long-term trends like improved usage of apps and services.These changes could provide new opportunities for telecom companies to improve their revenues.Instead of watching Game of Thrones on the loop, Indians are now watching more original content and web series. This is one of the many changes in mobile habits of Indians observed by a ICICI Securities report, and also could be one of the side-effects of an ‘absence of fresh sports’ content. After IPL has been indefinitely postponed, it looks like the love for originals is here to stay which is good news for Netflix, Amazon Prime, Hotstar




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Netflix is now worth more than Exxon as the coronavirus lockdown sends shares soaring

Netflix's market value surpassed oil-giant Exxon Mobil this week. At Thursday's close, Netflix's market value was about $183 billion, and Exxon Mobil's was about $175 billion. Netflix has benefited as the coronavirus pandemic has kept many consumers in their homes. Exxon has been weighed down by the falling price of oil. Watch Netflix and Exxon Mobil trade live on Markets Insider. Read more on Business Insider.The coronavirus pandemic has sent Netflix stock to new highs, and now its market value has surpassed that of Exxon Mobil, the US oil giant. Netflix stock gained 3% on Thursday to roughly $439 per share, bringing its market capitalization to about $183 billion at market close. Exxon Mobil fell more than 3% Thursday to $39.15 per share, bringing its market value to about $175 billion at




business and finance

Reliance Jio users can receive incoming calls till lockdown ends without a recharge

Reliance Jio has announced extension of incoming call facility to all users till May 3.Airtel and Vodafone Idea have together extended the validity of over 120 million users.This will allow users who have not been able to recharge their mobile to continue receiving calls.To help its subscribers amid the ongoing nationwide lockdown, Reliance Jio has announced extension of incoming call facility to all its subscribers till May 3. Companies like Airtel, Vodafone Idea and state-run BSNL have already announced similar extensions.While the private companies have extended the incoming call validity till May 3, BSNL has extended the validity till May 5.Unlike Airtel and Vodafone Idea, Jio to offer free incoming for all subscribersAirtel extends validity for over 30 million low-income usersAirtel had




business and finance

I tried the ZTE Red Magic 5G, a phone made for gamers — its fast screen refresh rate makes playing action-packed games a joy, but it's not without weaknesses

When you buy through our links, we may earn money from our affiliate partners. Learn more.The ZTE Nubia Red Magic 5G is an enormous, extremely powerful, niche gaming phone that offers impressive specs at a very reasonable price.We played several different games for hours on the Red Magic 5G, and it was a joy to play with, thanks to its 144Hz refresh rate.Based on our testing, the phone also won a place in our guide to the best gaming phones.Beyond games, we tested the camera and other features to see if the Red Magic 5G can serve you just as well as a normal smartphone.Although its performance impresses and the price offers real value, there are some weaknesses here that may give you pause — unless you're an avid gamer.While you can use any smartphone to play games, we've seen a rise in niche




business and finance

Paytm is doubling down on e-sports as it launches another online tournament — this time with Garena’s Free Fire

Paytm First Games has launched into another esports parternship with Garena.PFG will be hosting its very first Free Fire India Solos (FFIS) tournament in May and June.The platform has been adding nearly 75,000 players on its gaming arm on a daily basis during the lockdown period.If you’re a fan of multiple battle royale games that you can win by being the last man standing, then you’ve probably heard of Garena’s Free Fire. Paytm First Games (PFG) is now going to host its first Free Fire India Solos (FFIS) tournament on its platform in May and June.“The action-packed tournament is going to be a tremendous opportunity for Indian gamers to compete at a national level,” said Sudhanshu Gupta, the chief operating officer (COO) of PFG.Known for being the gaming avenue where you can play games and




business and finance

Coronavirus boosts Chipotle's app and online business, gains the burrito giant believes will last after the pandemic is over

Chipotle's digital sales grew more than 102% in March, as customers sheltered-in-place, ordering burritos for delivery or pick-up. Chipotle anticipates digital growth to continue to pay off after the pandemic ends, with CEO Brian Niccol saying he expects to see dining rooms begin to reopen "in the next month or two." "Our rewards database just went from 8 million to 12 million," Niccol said. "And that's going to be a very valuable asset." Visit Business Insider's homepage for more stories.As the restaurant industry faces plunging sales and massive layoffs, mobile apps and digital as rare prospects for growth. On Tuesday, Chipotle reported that its digital sales grew 80.8% in the most recent quarter, accounting for 26.3% of all sales as dining rooms shuttered and customers sheltered in place.




business and finance

Motorola's new $1,000 Edge Plus phone comes with a headphone jack, 5G connectivity, and a 108-megapixel camera — you can get it on May 14




business and finance

OnePlus 8, OnePlus 8 Pro packs in goodies worth ₹4,000 in its Pop-up Box

OnePlus 8 and OnePlus 8 Pro pop-up boxes will soon go on sale starting at ₹45,999.The pop-up boxes include the new Bullets Wireless Z and a bumper case worth ₹4,000. They will be available from the OnePlus website in May.OnePlus 8 and OnePlus 8 Pro Pop-up box will soon be available for purchase in India, with goodies worth ₹4,000 for free. The OnePlus 8 and OnePlus 8 Pro pop-up box costs ₹1,000 extra when compared to the regular phone prices.Here’s what you’ll get with the OnePlus 8 and OnePlus 8 Pro pop-up box75321026The OnePlus 8 pop-up box includes the 8GB + 128GB variant in Onyx Black or Glacial Green colours, the new Bullets Wireless Z (Black), Cyan Bumper Case and a Nylon Bumper Case.75321033On the other hand, the OnePlus 8 Pro pop-up box includes the 12GB + 256GB variant in Onyx Black




business and finance

How to disable Flipboard notifications through the news service app and your device's settings

You can disable Flipboard notifications directly through the app or by going into your device's settings.To disable notifications through the Flipboard app, determine which categories you no longer want alerts for and turn off the appropriate push notification in the app's settings menu.If you want to disable Flipboard notifications through your device settings, you can opt to switch off all notifications or notifications for only "Sound" or "Badges" through your phone's Settings app. Visit Business Insider's homepage for more stories.Flipboard can help organize your news sources, but these days, the news can get overwhelming. You may also want to browse Flipboard yourself without receiving a notification every time a new story is posted.To disable notifications in the Flipboard app, you can




business and finance

How to save an address in the Waze navigation app so you can easily return to your favorite places

You can save an address in Waze in four ways, all of which will add the destination to your Favorites list. You can save an address in Waze by tapping the three-dotted line that appears next to a location in your Waze History.Another way to save an address in Waze by searching a place and tapping the star icon on the destination's results screen.When you save an address in the Waze app, you simplify the in-app navigation process, helping you get a route quickly, so you're on the road faster. Visit Business Insider's homepage for more stories.Waze keeps a running list of your recent trips, whether you were heading to your job or your favorite restaurant. But saving an address in Waze to your "Favorites" is a faster and easier way to set your route and get on the road. Luckily, it's easy to




business and finance

Former T-Mobile CEO John Legere abruptly resigns from the company's board, more than a month before his term was set to expire

Former T-Mobile CEO John Legere has resigned from the company's board of directors on Friday, according to an SEC report filed by T-Mobile. The abrupt announcement will cut short the remainder of Legere's time in the company by more than a month, as Legere was set to continue as a member of the board until June 4. T-Mobile's report said that Legere had specified that he was not resigning because of any conflicts with management or the board, but did not offer any reason as to the abrupt departure."It has been a privilege and honor to have led T-Mobile as CEO for the past seven and a half years and served on the Board of Directors. And although I will be leaving the Board just a few weeks earlier than planned, be assured that I remain T-Mobile's #1 fan!" Legere said in the announcement. It's




business and finance

This 'Nano House' tiny home on wheels has a living room, kitchen, bathroom, and bedroom for only $40,000 — see inside the Wilg




business and finance

Smartphone sales in China decrease by 24% due to Coronavirus

China smartphone market underwent its highest decline in the January-March period due to the impact of coronavirus pandemic and Huawei was the only smartphone player that achieved positive growth (year-on-year), a new report said on Wednesday.Smartphone sales in China fell by 22% (YoY) and 24% (quarter-on-quarter) in Q1 2020, according to Counterpoint's Market Pulse-Monthly Smartphone Sales Tracking service.The top five -- Huawei, OPPO, Vivo, Xiaomi and Apple - accounted for a record 93% of the market, up by six percentage points compared to last year.The market share of Huawei rose to near 40 per cent during the COVID-19 crisis."The drastic fall in Q1 China market was primarily dragged down by the dismal sales of smartphones in February (negative 35%), when the country was severely impacted




business and finance

Google’s mobility report reveals that nearly half of Maharashtra’s workforce went to work despite Coronavirus lockdown

According to the Ministry of Health and Family Welfare, Maharashtra accounts for the highest number of Coronavirus infections in India.Despite that, almost half of the residents in the state continue to go to their offices, according to Covid-19 mobility report by Google. The report reveals that 47% employees in Maharashtra went to work between March 15 and April 26.The State Police helped companies to shift the equipment from office premises to employees’ residence.Overall, there was a 40% decline in people visiting their places of work. Maharashtra accounts for the highest number of Coronavirus infections in India. According to the Ministry of Health and Family Welfare, the total infections in the state stood at 12,974, including 548 deaths, as on May 4, 2020. Despite that, almost half of




business and finance

How to share a Dropbox folder in 3 different ways

If you share a Dropbox folder, your recipients can download and use any files stored in that folder. You can share a folder from a browser, your PC desktop, or the Dropbox mobile app. You can share a folder through email or by sharing a generated link to the folder.Visit Business Insider's homepage for more storiesDropbox solves many common problems related to file sharing. For example, if you have a folder full of files that you need to make available to other people, now you can send a single link, and your recipients will have easy access. You can even add additional files to the folder, and they'll be able to download the files as needed. Sharing a Dropbox file, whether you're doing it from your browser, computer, or the mobile app, is a pretty similar process. Those sharing from their




business and finance

Oklahoma is beginning to reopen today. Its small business owners are struggling to choose between their financial and personal health.

Oklahoma begins a multi-phase reopening of state businesses on Friday.Small business owners are feeling the pressure of unpaid bills — and the risk of infection — as they await government loans and support funds."Everyone is cautious about opening," one small business owner told Business Insider.Another said: "I want to go back to work tomorrow. I'm tired of this."Visit Business Insider's homepage for more stories.Small-business owner Sandra Dickson faces a seemingly impossible choice.A massage therapist in Oklahoma City, Oklahoma, Dickson is among the 20.6% of Americans who are jobless. She opened a beauty and wellness spa just weeks before the coronavirus pandemic. It's been shut down for at least as long as it was open. In that time, Dickson has "received no income," she told Business Insider.




business and finance

Small business loan applications to resume Monday after Trump signs new $484 billion package into law

President Trump signed into law a $484 billion coronavirus relief bill that includes another $310 billion in funds designed to provide relief to small businesses.The Small Business Administration will resume accepting loan applications through the Paycheck Protection Program on April 27.Visit Business Insider's homepage for more stories.President Donald Trump signed into law a $484 billion coronavirus relief bill on April 24.The bill includes $310 billion in new funds for the Paycheck Protection Program (PPP), which was put in place to provide aid for small businesses.According to a statement released by Jovita Carranza, administrator of the Small Business Administration (SBA), and Treasury Secretary Steven Mnuchin, the SBA will begin accepting PPP loan applications again on Monday, April




business and finance

3 of the top fine-dining restaurateurs discuss getting their businesses through the pandemic and what the future holds for their industry

Fine dining is no longer on the table during the pandemic, meaning that America's top chefs and restaurants have had to get creative with their resources.We talked to three top fine dining restaurant owners about what they're doing to get their businesses through the pandemic, and each perspective was vastly different.Naomi Pomeroy, Hugh Acheson, and Mark Canlis share what they did when the pandemic hit, what they're doing with their staff, what they're doing with their time now, and what they think the future will be like for the restaurant industry.Visit Business Insider's homepage for more stories.Fine dining is no longer on the table. Sometimes it's at your doorstep, and sometimes it's on a curb in Atlanta. Sometimes it's just unavailable.For fine dining restaurants, which often rely on




business and finance

US banks made a quick $10 billion in 2 weeks by processing small businesses loans from the government, says report

US banks earned $10 billion in two weeks processing the loans from the government scheme to protect small businesses from financial ruin during the coronavirus crisis, according to an NPR report.The rescue plan worth $349 billion offered businesses loans of up to $10 million to thousands of US companies and were guaranteed by the federal Small Business Administration.The banks charged a transaction fee of 5% on loans worth less than $350,000, while on loans worth between $2 million - $10 million, the cost was 1%.The banks defended the massive windfall of loan transaction fees, saying that processing the loans involved complicated vetting procedures.Treasury Department guidelines are less rigorous than for regular loans, and the taxpayer provides the funding, so there is little risk for the




business and finance

11 major companies that have returned millions of dollars acquired through a government relief program meant for small businesses




business and finance

The story of Ruth's Chris Steakhouse founder Ruth Fertel, a petite, single mother who got a chemistry degree at 19, butchered 30-pound beef loins by hand, and staffed her first steakhouse with single mothers

The grandson of Ruth's Chris Steakhouse founder Ruth Fertel blasted the company on Twitter, saying its actions conflict with what his grandmother would have wanted.On April 23, Ruth's Chris Steakhouse announced that the company will return the $20 million it received in small business loans from the federal government.Rien Fertel wrote on Twitter that his grandmother would have done more to give back with the money and power that the chain has now.This is the story of Ruth Fertel, the child genius, horse trainer, and single mother of two who founded the steakhouse chain with no restaurant experience.Visit Business Insider's homepage for more stories.Ruth's Chris Steakhouse recently came under fire for soliciting $20 million from the small business loan program. Soon after, the upscale steak




business and finance

Around half of all US workers can earn better pay collecting unemployment than getting regular salaries from their current jobs

Around half of all US workers can earn more money collecting unemployment instead of their current jobs.The federal government ramped up unemployment benefits by $600 a week until the end of June, bringing the average weekly total to $978 a week — or $20 more than what many workers earned before the pandemic.Labor experts said the generous benefits are helping keep people home and tamping down the spread of the virus, which is what they were designed to do.But it could complicate efforts by businesses to hire in the short-run.Visit Business Insider's homepage for more stories.Nearly half of all American workers are set to earn better pay from unemployment than their current jobs, according to The Wall Street Journal.Under the $2.2 trillion coronavirus stimulus law that Congress approved last




business and finance

If you haven't already applied for federal small business relief, you're probably out of luck on this round — but you still have a few other options.

The US government added a second round of $310 billion to the Paycheck Protection Program (PPP). But small business owners who haven't applied for PPP loans yet, may be too late to receive any funding. Bankers, lawyers, and consultants said the volume of already approved loans will be enough to tap out the second round of funding.If you don't get government loans and funding, there are still a few other options available to small businesses.Click here for more BI Prime content.If you were hoping to get your loan application into the second round of stimulus funding for small businesses, the chances are stacked against you. But you could turn to tax relief or private companies, local governments, and organizations offering grants and resources to small businesses hurt by the pandemic.Late last




business and finance

I used to write wedding vows for a living, but since COVID-19, I've pivoted my business to writing eulogies

Alexis Dent is a freelance writer based in upstate New York whose company, XO Juliet, offers custom wedding vow writing services.By mid-March, her business all but dried up as spring and summer weddings began getting canceled because of the pandemic.Dent recognized there was a new need for eulogies to meet the rising number of funerals for people who passed away from COVID-19. "When I get a new order, I take a moment of silence," says Dent. "Every order for the past month has been a notification that someone is gone too soon."Visit Business Insider's homepage for more stories.One afternoon in February, I was staring out the window, experiencing writer's block after getting off the phone with a client who'd ordered wedding vows. It had been a long afternoon of writing, and I needed a change




business and finance

Inside a Bay Area family's struggle to save their company during the coronavirus outbreak, as big businesses like Shake Shack beat them to government loans

The Elzarka family has owned Beninni, a men's formal wear store in Hayward, California, for 30 years. The shop was forced to shut down in the coronavirus lockdown, and has tried and failed to get government assistance loans through the coronavirus relief package.Shady Elzarka, whose dad founded the store, struggled to access either the Economic Injury Disaster Loan Emergency Advance (EIDL) and relief from the Paycheck Protection Program (PPP).Elzarka for weeks heard nothing from the Small Business Administration, through which he applied for an EIDL, or from Bank of America, where he applied for the PPP loan.Meanwhile much larger companies did not struggle to access government funding, some of which public pressure forced them to hand back.After Business Insider contacted Bank of America for




business and finance

12 business moguls on how to ensure your business survives the coronavirus crisis




business and finance

'It's not what you think it is': The government's bailout loans are failing small businesses like mine, says Farmgirl Flowers' CEO

Christina Stembel founded her floral company, Farmgirl Flowers, in her dining room in 2010, using her personal savings and a cash-back credit card to cover business expenses.The company has since blossomed into a thriving startup that employed almost 200 staff members prior to the coronavirus.However, as the pandemic causes economic fallout worldwide, Stembel told Business Insider that the future of her company is uncertain.She said the process of applying for the first round of the Paycheck Protection Program, a government fund meant to help small businesses through the coronavirus pandemic, was frustrating and fruitless."I know that the intention of this program is to help small businesses, so let's change it to make sure this money does fall into the hands of small businesses," she said.Visit




business and finance

The Fed expands its $600 billion lending program for struggling businesses but leaves start date unannounced

The Federal Reserve announced Thursday it will expand its Main Street Lending Program to include mid-sized companies and those with greater leverage.The central bank expanded program eligibility to businesses with 15,000 employees or $5 billion in revenue, up from the 10,000 employee and $2.5 billion limits.The Fed didn't provide a start date for the relief program, adding that it would be announced "soon."A separate aid program for nonprofit organizations is under consideration, the Fed said in a release.Visit Business Insider's homepage for more stories.The Federal Reserve is widening its Main Street Lending Program to include more mid-sized businesses seeking loans amid the economic downturn.The central bank announced Thursday it will expand credit eligibility to firms with up to 15,000




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Wine businesses and smaller restaurants are getting creative to stay afloat, according to a master sommelier — but even as alcohol purchases boom the industry needs our support

Jonathan Ross is one of the 300 master sommeliers in the world: He is an educator for the Guild of Sommeliers, an examiner for the Court of Master Sommeliers, and sits on multiple wine investment advisory boards, as well as founded Micro Wines.He says that although the alcohol industry is booming for large retailers, small businesses are struggling to find ways to stay afloat.Many smaller retailers and restaurants are turning to creative ways of staying open, including virtual tastings, delivery, and designer happy hours.Support your local restaurants and wine sellers now if you want them to survive this lockdown period.Click here for more BI Prime stories.With a substantial amount of lockdown time under our belts, people around the world have found creative ways to remain social, active,




business and finance

Over 120 Atlanta restaurants say they are refusing to open their dining rooms even though Georgia is allowing them to do so

Some Georgia restaurants are pushing back against the state's loosened restrictions, saying it's still not safe to reopen.120 Atlanta-area restaurants joined forced to form the "#GAHospitalityTogether" initiative and released a statement committing to not reopening their dining rooms until it's safe to do so."We agree that it's in the best interests of our employees, our guests, our community and our industry to keep our dining rooms closed at this time," the statement reads.Still, some chain restaurants have already reopened their dining rooms this week.Visit Business Insider's homepage for more stories.Georgia allowed restaurants to reopen dining rooms on Monday, but some restaurants are pushing back against the idea that it's safe to do so.Over 120 Atlanta-area restaurants banded together




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Grubhub receipt sparks outrage as it reveals the company took a $666 cut from a pizza restaurant's $1042 in total orders

Giuseppe Badalamenti, the owner of Chicago Pizza Boss, posted his March Grubhub earnings statement on Facebook, and it showed that the delivery platform took around 70% of its $1000 earnings through the platform."Stop believing you are supporting your community by ordering from a 3rd party delivery company," Badalamenti wrote on Facebook."Restaurant owners select the services they want and only pay a commission to Grubhub when we help generate sales," a Grubhub spokesperson told Business Insider. Grubhub, which is part of the same company as Seamless, has come under fire for asking users to oppose San Francisco's order to slash its commission fees for restaurants from an average of 30% to 15%.Visit Business Insider's homepage for more stories.Grubhub claims to be helping local restaurants.




business and finance

Your employer just received a PPP loan — here's what that means for you

When your company gets a PPP loan, it can affect you in several ways.First, you can still receive a paycheck if you choose not to return to the office — but this can affect your unemployment benefits.You're unlikely to get furloughed or laid off if your company received a loan, but it may decrease your pay rate — that said, some employers may choose to give raises to employees to entice them to come back to work.Visit Business Insider's homepage for more stories.You've probably read a lot about the government programs designed to help businesses stay afloat in an economy devastated by the COVID-19 pandemic. If your employer has received a Paycheck Protection Program (PPP) loan, that's good news. But you probably still have many questions: Will you be going back to work, when, and for how long?




business and finance

Buffets were already on their way out. The coronavirus pandemic may have dealt them a final blow.

75564832Plagued by bankruptcy filings, food poisoning incidents, and millennial disdain, buffets were struggling well before the coronavirus pandemic began.From 1998 to 2017, the number of buffet restaurants decreased by 26% while the number of overall restaurants grew by 22%.That decline may well be made worse by trends that are accelerating across the food industry: towards faster, more convenient, to-go options.Buffets will also have the hardest time convincing diners that they're safe after the pandemic— and rebuilding consumer trust will be key to restaurants' recovery.But buffets may have a chance if they expand takeout and delivery options, and pivot to cafeteria-style service.Visit Business Insider's homepage for more stories.The coronavirus pandemic has been devastating for restaurants




business and finance

Relief loans are going to areas with pre-existing bank relationships instead of most infected regions, Fed economists find

Paycheck Protection Program, or PPP, loan approvals are more concentrated in areas with existing small business-bank partnerships instead of regions hit hardest by the coronavirus, Federal Reserve Bank of New York economists wrote Wednesday. Virus hotspots including New York, New Jersey, Michigan, and Pennsylvania are receiving fewer PPP loan approvals per small business than less-affected states.The economists found "strong similarity" between states with high proportions of small business-bank financing relationships and PPP loan issuance.States with larger shares of community banks also issued a greater proportion of relief loans, the Fed found.Visit Business Insider's homepage for more stories.Emergency loans issued by the Small Business Administration have been more concentrated in areas




business and finance

The second round of the government's program to help small business is under way. This map shows where the money has gone so far.

The Paycheck Protection Program is a key component of the federal government's response to the economic devastation caused by the ongoing coronavirus pandemic.After the initial $350 billion allocated for the small business loans at the heart of the program was exhausted in just two weeks, Congress appropriated an additional $320 billion in funding.A recent Small Business Administration report shows where that second round of funding has gone so far.While the first round largely went to more rural states on a per-capita basis, much of the $175 billion from the second round that was dispersed as of May 1 has gone to larger, harder-hit states.Visit Business Insider's homepage for more stories.The novel coronavirus has ravaged the US economy, with more than 33 million Americans filing for unemployment




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15 of the best movies and TV shows about space that you should watch while you're stuck at home




business and finance

The 31 best heist movies of all time, ranked




business and finance

Why the third movie in a trilogy almost always sucks

According to Rotten Tomatoes' rating of the 70 highest domestically grossing trilogies in the US, 64% of trilogies had their third film as their worst rated film. There are two factors that contribute to threequels almost always being the worst films of the series: the burden of having to wrap up the story and the fact that many threequels are produced solely to make more money.Threequels not only have to tell a great story that tops the films before it, but they also need to tie every loose end and somehow bring a satisfying conclusion to the saga.Visit Insider's homepage for more stories. Following is a transcript of the video.Narrator: There are certain rules when it comes to movies. It's always the girl who survives a killer, it has to rain during every funeral, and, yes, the third film




business and finance

Tom Cruise is filming the world's first action movie in space — and he'll get there using Elon Musk's SpaceX rocket

Tom Cruise is partnering with NASA and Elon Musk's SpaceX to film the first narrative action movie in outer space.Cruise plans to shoot the film on the International Space Station and be transported using a SpaceX rocket.SpaceX intends to launch its first manned mission to the International Space Station May 27.Visit Business Insider's homepage for more stories.Tom Cruise is taking action movies to a whole new level — literally — by filming his next blockbuster in outer space 1,200 miles above Earth, and Elon Musk's SpaceX rocket is going to get him there.NASA administrator Jim Bridenstine confirmed Tuesday that the agency will work with Cruise to shoot a film aboard the International Space Station. The news was first reported by Deadline.The mission is a three-fold collaboration between a