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Meat Industry

Senator Warns Meat Supply on Brink of Collapse

Mike Rounds, a Republican Senator from South Dakota, warned during a radio interview on Sunday that millions of cows and pigs will be euthanized if the status quo of economic shutdown across the country continues. As demand for pigs has been reduced because of several processing plant shutdowns—including the Chinese-owned Smithfield Foods slaughterhouse in Sioux Falls, SD—the industry is looking at the destruction of thousands of animals that cannot be processed for food. Rounds explained how farmers and processing plants coordinate schedules based on animal maturation and reproduction.

WILL HAMBURGERS AND HOT DOGS DISAPPEAR? →

Start-Ups

Start-Ups Want to Pursue ‘Free Money’ From Government

Start-Ups are struggling right now like just about every other business—so why would it be surprising that they would want to seek government financial help to stay afloat during the coronavirus crisis? Critics are more than surprised—there is a growing backlash happening. People are questioning how egalitarian the fund distribution has been, and whether some applicants did not really deserve the aid. Last year start-ups raised more than $130 billion in funding, but still sometimes turn to the government loans not for day-to-day survival but simply to…

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Global Economy

Global Economy Success After Reopening Depends on the Consumer

Getting companies to resume operations and factories to reopen is one thing. Persuading consumers to brave catching the coronavirus and go out to shop, eat, travel or watch sports is another… “Nothing about reopening the economy will be easy but restarting businesses will be more straightforward than restarting aggregate demand,” Moody’s Analytics Chief Economist Mark Zandi said. The result: An uneven reboot for…

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Retail Industry

Here’s How the Pandemic Will Change Retail Forever

As the pandemic pauses our present economy, we are forced to think about the future. The question this writer asked themselves while walking in D.C. along a deserted street lined with closed down businesses was this: Who will emerge intact from the pandemic purgatory, and who will not? In the past few weeks, this writer posed that question to more than a dozen business owners, retail analysts, economists, consumer advocates, and commercial real estate investors. What he found coalesced into a coherent, but troubling, story about the future of the American streetscape:

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Investment Tips

How to Cash In on the Reopening U.S. Economy

Goldman Sachs has put out a three-part strategy for stock market investors who want to capitalize on the reopening of the U.S. economy. As the path to reopening will likely be uncertain and uneven, there will be equity investor ‘winners’ and ‘losers.’ The ability of businesses to reopen along with the speed of the consumer demand will be key.

GET THE 3 PART PLAN FOR INVESTING DURING AMERCAN REOPENING →

Banking Industry

Here’s How to Ask Banks for Help During Coronavirus Crisis

Getting financial help from a bank during this pandemic crisis is not an automatic process. You will have to ask for it—but you need to ask the right way.

HOW TO REACH OUT TO LENDERS FOR HELP →

Stock Market

Market Gets Lifted by Hope for a Coronavirus Treatment

CNBC has a COVID-19 Testing and Treatment Index that is comprised of 29 companies that are working on testing and treating the coronavirus. You should check it out considering the S&P 500 and the CNBC COVID-19 Testing and Treatment Index has moved in near lockstep since the market bottomed out on March 23.

SEE TRACKING INDEX →

Medical Industry

Doctors Struggling to Keep Practices Afloat Apply for SBA Coronavirus Funding

So far, the Payroll Protection Program loans have not been offered to struggling primary care physicians with “small” practices. Nearly half of physician practices have laid off staff to cut costs, while 1 in 5 worry the steep decline in office visits will force them to close. Like this chiropractor, who has gone from seeing 15 patients a day to an occasional emergency case over the…

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