The Man Behind the Unforeseen Rise of Zoom
Learn how Eric Yuan—engineer, innovator, and CEO of Zoom—turned a startup into a multi-billion dollar business in nine years.
Another Rough Week
The hardships continue. The S&P, Dow, and Nasdaq all dropped at least 0.6% this past week. 1.42 million Americans filed for unemployment benefits this past week, accelerating for the first time in nearly four months. Market expectations were only at 1.30 million.
By Negar Reiskarimian and Paula Reinman
Tip of the Iceberg
Markets have been showing indications of another slowdown. Some of the largest banks, including Wells Fargo, JP Morgan, and Citigroup, have nearly doubled the amount of money set aside for corporate loans. This totals up to $33 billion. It has been revealed that the good news of second quarter gains was in reality due to banks collecting fees by helping companies stockpile their cash, not in helping companies in deals.
Kenneth Wong, poses for his official portrait in the Army portrait studio at the Pentagon in Arlington, Virginia, Apr. 19, 2017. (U.S. Army photo by William Pratt/Released)
Kenneth Wong: Paying it Forward
Kenneth Wong, a leader in business, the military, and the community sits down with AANN to share key insights on how he achieved success.
More and more people look to services like Postmates to get food delivery
Shaky Recovery and More New Cases
The Labor Market is what had everyone’s attention this week. US Unemployment beat expectations of 12.3% this month to settle at 11.1%. The number of unemployed people fell by 3.2 million to 17.8 million as they returned to the labor market.
New Cases and Uncertainty
The American economy continues to face muddy waters and unsure futures. Coronavirus new cases have started to grow again with 40,000 new cases on Thursday alone. States like Texas have begun to pull back their reopening plans after seeing an 80% increase in total cases.