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Leading Foundations Pledge to Give More, Hoping to Upend Philanthropy

by mujair | Jun 10, 2020 | Business & Finance News

The Carnegie Corporation was among those that declined to pledge to spend more. The Rockefeller Brothers Fund was another. Stephen Heintz, its president, said its spending would go up this year but that its board hasn’t yet decided by how much. Larry Kramer, president...

$130 Billion in Small-Business Aid Still Hasn’t Been Used

by mujair | Jun 10, 2020 | Business & Finance News

In April, when the federal government offered $349 billion in loans to small businesses reeling from government shutdown orders in the pandemic, the funding ran out in just 13 days, prompting Congress to swiftly approve a second round of $310 billion. Small businesses...

Federal Reserve Releases Economic Projections

by mujair | Jun 10, 2020 | Business & Finance News

WASHINGTON — The Federal Reserve left interest rates unchanged and near zero at its meeting Wednesday as the central bank projected a gradual economic recovery from the pandemic-induced recession. In their first economic projections this year, Fed officials indicated...

Farewell to Gummy Bear Jars: Tech Offices Get a Virus Safety Makeover

by mujair | Jun 10, 2020 | Business & Finance News

“There’ll be a sign outside that room that says: ‘Hey, everybody, this meeting room now has a capacity of no more than four people. Please respect that,’” she said. “That will be part of the new normal.” Salesforce will also use scheduling software to limit the number...

‘Morally Impossible’: Some Advertisers Take a Timeout From Facebook

by mujair | Jun 10, 2020 | Business & Finance News

Facebook reacted differently, allowing the same statement to go unflagged. Around the same time, companies were struggling with how and whether to address the worldwide demonstrations prompted by the killing of George Floyd, a black man who died last month in...
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