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But the cable cars are still sitting still, and ridership on public transportation remains down by 90 percent because even given the option to return to their offices by the state, local tech and office workers aren’t exactly enthused to return. percent of workers have left home to return to the office nationally.
China’s State Council announced late Tuesday that small and micro-sized businesses can defer loan payments past first quarter 2021 as needed, according to CNBC. Certain banks catering to small businesses will also continue to receive government support in the wake of a massive shutdown earlier this year due to the COVID-19 pandemic.
The number of tax audits on corporations plunged amid the pandemic, with the IRS saying in the National Taxpayer Advocate’s “Objectives Report to Congress” report for Fiscal Year 2021 that it began 716 corporate examinations from April 1 to June 1 this year compared to 2,445 during the same time last year, a 71 percent drop.
Summer looms, and for those who had hoped for some return to normalcy — baseball games, movies, trips to New York City to see well, anything — those hopes appear dashed to a large measure. animated film, won’t return even after Broadway reopens at some point in the future. This shows how flexible media can be.
But that’s changing by the day, pushed by the strict lockdowns and shutdowns of the physical commerce sphere as the pandemic hit Italy incredibly hard in early spring and held on for weeks. “Unfortunately, our country was one of those where technological understanding and tech culture is low.”.
If Amazon sees any M&A deals this year, it will likely be on the infrastructure side: shipping, return platforms and payment mechanisms. The stark fact is that retailers that can stay in business through what is basically a 90-day shutdown have access to a line of credit or receive substantial eCommerce business. Be Like Nike.
Of all the verticals hit hard by the global pandemic, hotels have seen their business slowed to a near stop as shutdowns and social-distancing rules bring travel of all kinds to a near halt. The AHLA’s Rogers expects to see travelers continue to return to hotels, although not back at 2019 levels. The U.S. .”We
That means that between June 1, 2020 and January 1, 2021, 21,000 more stores will shutter. Maybe a more limited offline retail shutdown will make real estate more attractive to the Rent the Runways and Amazons of the world. That includes 900 Pier 1 locations and some other more minor liquidations. And who knows?
Financial terms of the deal, which is expected to close in Q1 of 2021, have not thus far been disclosed. Under the terms of the deal, FreshDirect will keep its brand name, be supervised by a seven-member board and continue its independent operations in New York City. Another Round of Toilet Paper Hoarding .
Main Street SMBs across the board are fairly optimistic about the return to normal in the economy – largely premised, it seems, on the recent news of vaccine development. But that optimism is translating into an expectation among SMBs that things will return to normal sooner than most consumers expect.
Given the rapid rate at which COVID-19 infections are spiking nationwide, it seems the stay-at-home economy is at no risk of coming to a conclusive end before early 2021. Will consumers keep ordering cookable meals when the easier option of dining out returns? It’s not a question that will be answered tomorrow.
The cable news network reported that while leagues devise plans to play games without fans and some governors consider opening venues, health experts say gatherings without strict social distancing shouldn’t come back until at least 2021. Fans can opt for a cash refund or get another ticket for a later game.
After all, they’ve been plying the trade in an age where restrictions and shutdowns have hobbled brick-and-mortar operations. Eyeing an eventual return to normalcy, “as far as the process going forward, we don't know if or when that's going to come. Obviously, the vaccine is good news.
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