Are Digital Auto Sales The Shape Of The Future Or Just A Temporary Detour?
As the global pandemic closed U.S. businesses nationwide, car dealerships found themselves facing a crisis because consumers could no longer stop by the showroom for a quick test drive. That’s driven dealers and automakers to rewrite their business strategies with an eye toward creating new digital-sales tools that offer consumers more personalized, online services. “For digital, this … Continue reading Are Digital Auto Sales The Shape Of The Future Or Just A Temporary Detour? Continue Reading
In today’s top news, ByteDance joins the race for one of Singapore’s five digital banking licenses, and American Express has received initial approval to process transactions in China. Plus, the Senate will hold a hearing this week to explore the recent growth — and future — of telehealth in the U.S. TikTok’s ByteDance Bids For … 
24 Hour Fitness, the privately-owned gym chain, announced Monday (June 15) that it filed for bankruptcy protection, according to a press release. The California-based company will permanently close more than 100 locations, the company said in a statement on its website. “We are implementing a financial restructuring,” the company said, according to the statement. “This process gives us … 
Goldman Sachs has upped the ante by another $250 million in the amount of capital it is providing for a federal loan program aimed at small businesses, Reuters reported. The Wall Street icon, which is in the midst of a strategic push into consumer banking, said Monday (June 15) it would pump an additional $250 million … 
White House Economic Adviser Larry Kudlow said in a CNN interview that the $600-a-week funds that Americans receive on top of regular unemployment benefits might end on July 31 as previously planned. However, he said President Donald Trump is mulling a measure that would offer some kind of bonus for returning to work. The perk wouldn’t be … 
Businesses across Asia are grappling with a surge in overdue payments and invoices, a new report finds. From Taiwan to India, companies are taking longer to pay their bills, forcing suppliers to spend time chasing down overdue invoices and scrambling to make ends meet, according to an annual Payment Practices Barometer released by Atradius, a trade … 
U.S. Democratic lawmakers, in letters to the chief executives of several large banks, demanded the release of documents related to loans made under the government’s Paycheck Protection Program (PPP), CNBC reported. In response to reports that the PPP favored large corporations over small businesses, a subcommittee on the coronavirus contacted CEOs at JPMorgan Chase, Bank of America, Santander Bank, Wells … 
Michael Flor may have more lives than a cat. But it came at a price. The 70-year-old Seattle, Washington resident was so close to death earlier this year from COVID-19 that a nurse held a phone to his ear while his family said their final goodbyes, The Seattle Times reported. But as Flor was recuperating at … 
In times of crisis, we mortgage what we have to get to where we need to be. The pandemic has seen a flurry of capital raising as firms across all verticals have sought to shore up their balance sheets. By getting cash on the books, there’s the chance to keep going — to continue operating … 
Square Capital LLC processed more than $820 million in Small Business Administration (SBA) Paycheck Protection Program (PPP) forgivable loans in six weeks, the firm reported. The San Francisco-based division of Square Inc., the mobile payment company, said it provided a financial lifeline to more than 76,000 small businesses. The average loan was less than $11,000, with 97 percent of …