Virtual reality (VR) may most famously be known as an exciting gaming gadget, but that certainly does not cover all of this innovative technology’s capabilities. Although experts admit that VR is still in its infancy, it shows a lot of promise.
Leading US internet corporations Google, Microsoft, Facebook, Zoom, and Twitter revealed on July 6 that they had suspended the processing of user data requests for Hong Kong.
According to research by the World Bank, the COVID-19 pandemic could leave global economies in a severe recession beyond 2020. Per capita income is expected to shrink, and millions of people will fall into poverty.
In the past few months, companies realized the need to adapt their digital transformation faster. Companies that had plans in the pipeline for their organizations have suddenly lost their fear of taking the plunge and managed to make changes in just a few weeks.
It’s easy to assume that someone who decided to go into business in recent months couldn't have picked a less opportune time. However, some businesses are benefiting from the global crisis instead of hanging on for dear life. In fact, during the first month of this pandemic, Amazon’s net worth was reported to have increased by $24 billion.
With COVID-19 winding down, cruise ships are working towards restoring their sails. Some cruise lines are preparing to rigorously enforce new health and sanitary procedures to protect passengers and crews from potential onboard outbreaks. However, the US government’s No Sail Order applies to cruise ships carrying more than 250 passengers until July 24 this year.
As people’s appetite for experiencing the world has grown over the last decades, so has our consciousness over our environmental impact as individuals and explorers. This desire comes as no surprise, as recent research estimates that the travel industry accounts for 5% of global greenhouse gas emissions.
Walmart, BJ’s Wholesale Club, Lowe’s, and Home Depot are among the large companies that can claim to have felt the increase of 17.7% in retail sales in May compared to the figures of April. This has surpassed the 8% that had been forecast by many experts.
Many companies have shifted to on-demand employees to optimize costs, survive and flourish in a post-COVID 19 world. While there were contingent employees for many years, very few companies relied principally on independent contractors and freelancers. Contracting positions were primarily open to highly experienced administrative professionals or seasonal employees.
During the first quarter of 2020, factories that manufactured high-quality products for the US were shut down in China due to the COVID-19 pandemic. This move led to the realization that such supply chains can be harmful.
The way the world works has changed over the last few months, and changes in work schedules have had quite an impact on all aspects of our lives. Most significantly, mental well-being has taken a hit: widespread shutdowns have limited mobility, and constant isolation has begun to affect some household relationships.
In the first quarter of 2020, online spending represented 16.2% of total retail sales according to the data released by the US Department of Commerce.
Augmented reality (AR) is one of the hottest tech trends of the moment. It allows the user to see their real-life environment with overlaid digital imagery on their device, as experts would define it.
According to a report from Big Market Research, the revenue for cloud hosting services is predicted to hit an all-time high. Indeed, the boom in cloud hosting signifies a desire for portable data storage with minimal maintenance costs. Such technology could be the answer for many small businesses.
Popular streaming service Spotify is seeing its value grow rapidly in the financial markets this year. While one contributing factor is its continued marker leader spot in the streaming boom, another factor is its new offerings to attract new consumers and impress investors.
In 2001, at the age of 24, Guilherme Benchimol set out to establish his own firm with a business partner in Porto Alegre after being fired by a securities brokerage.
According to one recent travel insurance case, a customer wanted to recover the loss she faced because her trip was canceled. When she approached her travel insurance company, they refused and claimed that they did not cover anything related to the global pandemic.
The novel coronavirus has caused a widespread alteration in regular life around the world. Many businesses have already permanently closed their doors, with companies and businesses in hospitality, tourism, arts and entertainment, and beauty and cosmetics seeing a sharp decline in annual revenue.
It would be easy to assume that the current pandemic would lead to a decline in online dating activity. After all, many government orders have made restaurants, movie theaters, and other popular date locations improbable, if not impossible, to visit.
Aside from the obvious benefits for the environment, being sustainable is proven to improve your company’s reputation and financial value, according to research by the Sustainable Business Network.
As the Indian economy continues its battle to recover from the devastation of COVID-19, pandemic’s impact has once again been reiterated by a report from the International Monetary Fund (IMF). The report projects a sharp contraction of 4.5% in this fiscal.
With the presidential elections around the corner, social media giant Facebook has opted for new modifications around the political information found on their social media platforms.
Good news for movie aficionados: the nation’s biggest theatre chains are preparing to open up their cinemas to the public once again in July. The reopening comes with new rules to be followed, and the timeline for how long these guidelines will be in place is, for now, at least, undetermined.
In 2018, Elon Musk recommended that people need to work "80 to 100 hours per week" to change the world. Businesses certainly need lots of attention, especially in the early days; in that sense, Musk is right. However, this cannot be healthy. Entrepreneurs that work long hours for extended periods risk suffering from burnout and unsustainable stress.
Yoco is a South African company that makes card payments possible for the informal, rural, and SME merchants. They started the business in 2015, nine months after similar businesses. Instead of worrying about their late entry into the market, they worked on perfecting their business model.
Jay Kamhi, the 59-year-old founder of Kamhi World Toys, has been an entrepreneur since he was a teenager, spending the first 20 years as a vendor on the streets of New York.
It is no longer a debate that everyone must do their part to help preserve the planet on both the individual and the industry level — it is a fact. According to the UNF Center for Sustainable Practices, building a sustainable business is based on three principles: people, planet, and profit.
Despite the slump in consumer spending during the pandemic, companies such as Glossier and Tenzing have been trekking full steam ahead when it comes to new product launches.
The pandemic has tilted the economy downward, and many people looking for ways to move on. Fortunately, there are companies around who are willing to give out generous grants for research.
The digital era has made business operations easier and more flexible, allowing owners to use digital tools as assistance to help grow their business.
Visa and Mastercard are two companies you will never stop hearing about. These companies are longtime rivals — except this time, they aren’t just fighting against each other.
The majority of the measures you might have taken for your previous tax filing expired on Dec. 31, but not all of them. There are still several actions that taxpayers should take before July 15 to help minimize the blow. Some have been available to taxpayers for years, while others stem from last year's Tax Cuts and Jobs Act.
The are several benefits to owning a credit card, such as keeping track of your transactions, building a credit score, borrowing without paying interest. The list is endless, so you should check out these options and get a credit card right away.
Entrepreneurs host a multitude of different skills, and their ability to calculate new business ventures has become a pivotal driving force in the global economy.
Ecommerce is gearing up for some significant changes in the way it works. The global commerce market predicts that by the end of 2020, ecommerce sales will make up 16% of all retail sales globally, a drastic change that has happened over only a number of recent years.
According to the US Census Bureau, the highest five-year survival rate for new businesses is 51.3%, and founders who have had a previously successful business have a 30% success rate with their next business venture. More than 80% of successful business owners admit that they have the right qualifications and backed up experience to run a company — even with limited cash.
All marketers want to be in on the latest techniques that can deliver maximum efficiency and competitive advantage. Want to up your game too? The latest marketing research indicates that the objective goals of startups and small businesses are to increase sales and maximize their profits.
Today, most venture capitalists offer much more than funding and understand that budding entrepreneurs also need support through inspiration and incentives, no matter their background, culture, or gender.
The new digital era, defined as 2020 and beyond, requires a fresh approach to business tools — particularly analytics and big data tools. Here is the latest news to stay ahead of the curve.
The latest trends in AI are astounding: according to Sundar Pichai, Google’s CEO, it is crucial in our lives. Speaking at a San Francisco town hall event, Pichai asserted that “AI is one of the most important things humanity is working on. It is more profound than, I dunno, electricity or fire.”
House Democrats passed a largely symbolic bill last May rolling back two controversial tax provisions that had been slipped into the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
Investor interest and capital funding for startups started to drop toward the end of February 2020, putting a halt to a year that began with an upward trend.
According to the most recent government statistics, nonfarm employment rose dramatically in May. These job creations were mostly in the leisure and hospitality business, but they clearly indicate that business is picking up again.
Mobile malware was created for the sole purpose of gaining access to information on your phone. This malware could transfer part money from your bank card to a scam-controlled account or purchase goods for an attacker with your money.
Internationally, governments are reporting a downfall in businesses and the economy. However, a lot of online businesses now have expanded their services from the local market to the global market space in an attempt to keep their businesses moving along.
Recent reports indicate that many people are still financially devastated and out of work due to the global pandemic. However, data is showing that the unemployment rate has recently declined.
The world has gone through immense changes in the last decade, meaning businesses and companies are quickly shedding traditional ideas and making space for modern adaption. Artificial intelligence (AI) and robotic process automation (RPA) have become some of the most noteworthy additions to the world of business.
Sustainable aviation fuel is about to become available to the commercial market through the technologies developed by LanzaTech over the last 15 years. The technology that creates ethanol from carbon emissions from various sources, including power plants, can be used as fuel and for chemical manufacturing.
According to Jeff Martin, Senior Director as EAB, front-line fundraisers are reported to be “...having trouble getting new prospects to take meetings. They’re having trouble opening up the conversation about giving with people who they don’t have established relationships with.” While this study focuses primarily on university fundraising, the same decline can be seen in the business world.
Economic downturns and recessions may appear like a bad time for aspiring entrepreneurs to develop their business ideas. However, as consumer spending drops and millions of companies around the globe scrutinize their business models, history has shown that recessions create space for newcomers with great ideas in the business community.
The unemployment rate dropped to 13.3% in May, bringing some long overdue good news regarding the desperate state of jobs in the US. It also brings good news for the US economy as a whole.
In 2018, Alexis Ohanian took a step back from his responsibilities as Co-Founder of Reddit, an “American social news aggregation, web content rating, and discussion website,” while still choosing to maintain his place on the board.
Green entrepreneurship, environmentally friendly, and green ventures are a few of the terms that describe the revolutionized green industry that is becoming more and more popular and is being followed by many businesses today.
In recent months, Uber and Lyft drivers had been spotted on strike while demanding higher pay and an increase in benefits. Drivers from these companies have found themselves misclassified in their respective jobs, being labeled as independent contractors. This misclassification resulted in a decrease in the number of benefits available to their hard-working drivers.
Upon Nike’s switch to direct-to-consumer (DTC) in late 2019, many companies began considering officially making the change to a direct-to-consumer business model. As we experience new challenges, struggles, and ways of living, there are problems, tips, and tricks for the world of direct-to-consumer businesses that you should know.
Brought about by the recent health crisis in the US and the rest of the world, ecommerce has taken a surprising turn in a direction most companies were not anticipating.
Technology is the trend of the modern age — it’s everywhere we go. While nature, humanity, and technology face a huge debate every day, we cannot deny that it is ever-changing and always changing our livelihoods.
It’s estimated that major corporations and medium-sized businesses will save a combined total of $12 billion by 2023 in customer service, human resources, and marketing operations thanks to conversational artificial intelligence (AI). Research in the field of AI and chatbot technology has given more statistical insights into how AI is rapidly becoming one of the most sought after software advancements in modern business.
Artificial Intelligence (AI) driven technology has quickly become a subculture of human communication. Computational intelligence and business communication have drawn more attention to the importance of better chatbot investment. The growing demand has been met with advanced and efficient chatbots that can replace a labor-intensive routine.
Fintech is having an increasingly huge impact on the economy, as research from the National Bureau of Economic Research suggests. The fintech space is outshining traditional banks, breaking barriers, and carving a clear path in today’s society.
GoDaddy, AWS, and Azure are all rivals in cloud computing, hoping to beat one another in the field. As all three initiate work-from-home strategies, revenues keep climbing. However, these companies are mainly trying to help their customers first and foremost.
According to a recent statement by renowned SAS author Philip Russom, one of the definitions for the term “big data” is based on the 3Vs: volume, variety, and velocity. The latest research on big data and its impact on business backs this up with some interesting findings.
New Paycheck Protection Program Law Extends the Period From 8 Weeks to 24, Reduces the Payroll Percentage6/19/2020
Congress has just passed the 2020 Paycheck Protection Flexibility Act and improved the Paycheck Protection Program (PPP) for small business loans.
The stock exchange floor is ready to open back up post-quarantine. However, outdated assumptions of how the floor operates leave some people scratching their heads.
Former Fed Chair: It’s “Crazy” and “Cruel” Not to Extend the $600-Week Enhanced Unemployment Benefits6/19/2020
At the end of July, the extra $600 a week in enhanced unemployment benefits that jobless workers currently receive from the federal government will expire.
As Some Americans Return to Work, Top Business Advisers Suggest Using Nature to Improve Productivity in the Office6/19/2020
With thousands set to return to work, the focus now needs to be on how business owners can help their employees in these unprecedented times. Stress is something that has no benefit to anyone. So, how can business owners and workers kill stress and boost productivity in the office? This question is especially important after such a long lay off; the need to motivate your employees is arguably more challenging than ever.
The current global health crisis has been devastating to many businesses. Regular working hours are decreasing, employees are being laid-off due to a lack of necessity, and team members are finding themselves staring at a computer screen with little motivation for non-existent work.
As the fear of the virus still lingers, the world is beginning to open back up with exuberant levels of caution. As a business owner, you might have become accustomed to seeing your customers filter in and out of your stores.
Companies with fewer than one hundred team members, self-employed individuals, and sole proprietors have all been looking forward to the new revival of the Paycheck Protection Program.
The world's wealthiest CEOs rake in millions to billions every year with their success stories. From Arora to Zaslav, we’ve compiled a list of the highest-paid CEOs of 2020 and their notable feats.
Hundreds of businesses are formed every year, but not all of them succeed. While many businesses end up failing, the following ten have been incredibly successful. For these companies, innovation, creativity, and resilience have paid off — and in a big way.
That the IRS has extended their payment deadline is a relief to those facing a recent financial hit. This extension grants people extra time to pay their taxes and also gives them time to learn more about their tax filing process.