The U.S. economy plunged at a record rate in the spring but is poised to break a record for an increase in the just-ending July-September quarter

WASHINGTON — The U.S. economy plunged at an unprecedented rate this spring and even with a record rebound expected in the just-ended third quarter, the U.S. economy will likely shrink this year, the first time that has happened since the Great Recession.

The gross domestic product, the economy’s total output of goods and services, fell at a rate of 31.4% in the April-June quarter, only slightly changed from the 31.7% drop estimated one month ago, the Commerce Department reported Wednesday.

The government’s last look at the second quarter showed a decline that was more than three times larger than the

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Several experts, myself included, have argued that cheap, widespread rapid testing is critical to containing the Covid-19 pandemic in the United States. An article published in Wired Magazine on Monday, while not disavowing the importance of diagnostics, did claim that a strategy too dependent on them cannot accommodate the “messiness of real life”—which is to say, the messiness of human behavior.

In this respect, the author of the article is absolutely correct. All the rapid

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Latin America’s e-commerce industry is booming as millions of shoppers across the region venture online during the pandemic, many for the first time, forcing traditional businesses to adapt to survive.

The sector has been one of the big winners of the coronavirus outbreak as fears of infection and lockdown measures keep people at home.

“Covid-19 has been an accelerator of trends, and in electronic commerce it has been very powerful,” said Oscar Silva, an expert in global strategies with the consultancy firm KPMG in Mexico.

“More than 10 million Latin Americans who had never bought online now do so regularly,” he told AFP.

The dominant regional force is not Amazon or eBay but Mercado Libre, which has a similar business model and is present in 18 countries.

Despite the economic turmoil unleashed by the pandemic, the Argentinian company doubled its sales in the second quarter of this year thanks to

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Since I wrote my book The Million-Dollar, One-Person Business, many entrepreneurs have asked me if publishing their own book will help them take their business to the next level. Some hope it will attract new business or speaking opportunities. Others want it to become the basis for a new product, such as a course.

I usually tell them it depends.

A book can be very helpful in growing a business, but not always. Before you dive in, it’s important to give it serious thought. Writing and polishing book requires more time and effort than most people think, whether you work with a commercial publisher or self-publish. As an entrepreneur, you’ve got to balance that against other demands on your time—like running your business. 

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RADNOR, Pa.–(BUSINESS WIRE)–The law firm of Kessler Topaz Meltzer & Check, LLP reminds that an investor securities fraud class action lawsuit has been filed against Nikola Corporation (NASDAQ: NKLA, NKLAW) (“Nikola”) on behalf of those who purchased or otherwise acquired Nikola securities between March 3, 2020, and September 20, 2020, inclusive (the “Class Period”).

Nikola investors who purchased or otherwise acquired securities during the Class Period may, no later than November 16, 2020, seek to be appointed as a lead plaintiff representative of the class.

Investors who wish to discuss this securities fraud class action lawsuit or request additional information about this litigation are encouraged to contact Kessler Topaz Meltzer & Check attorneys James Maro, Jr. or Adrienne Bell at (844) 877-9500 (toll free) or online, click

According to the complaint, Nikola operates as an integrated zero emissions transportation systems provider, which designs and manufactures

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The website home screen for Asana

Gabby Jones/Bloomberg


shares ended their first day of trading at $29.96, their higher level of the day. The stock had opened at $27, above the $21 “reference price” announced by the New York Stock Exchange last night for the company’s direct listing. The stock traded 40.4 million shares, just over a quarter of total shares outstanding.

With about 154 million shares outstanding, San Francisco-based Asana (ticker: ASAN) at the close had a market capitalization of about $4.6 billion. Asana provides cloud-based project management software. The company’s founder and CEO is Dustin Moskovitz, who also was a co-founder of Facebook.

Asana recently reported revenue for its fiscal second quarter ended July 31 of $52 million, up 57% year over year, with a non-GAAP (generally accepted accounting principles) loss of $13.7 million, or 34 cents a share.

For the third quarter, the company

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IPG is continuing to shed agencies.

Ingrid Otero-Smart, the president and CEO of Casanova//McCann, has bought a majority stake in the Hispanic and multicultural agency. Terms of the deal were not disclosed, and it’s unclear how much she owns.

IPG acquired the agency in 1999, and Otero-Smart joined in 2008 as president and CEO, back when it was known as Casanova Pendrill. The agency, which sits within IPG’s McCann Worldgroup network, rebranded to Casanova//McCann in 2016.

The shop will remain part of McCann Worldgroup as an affiliated agency partner, according to the IPG.

“I have worked with Ingrid for many years, she is one of the most successful and influential agency leaders in the Worldgroup network,” Harris Diamond, chairman and CEO of McCann Worldgroup, said in a statement. “We are thrilled to watch Ingrid take this opportunity to grow and expand the agency she built across all marketing boundaries.”


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Starting a business is a test of grit, cunning, and faith. Starting a business during a pandemic is borderline masochism. In an economic landscape fraught with instability and unknowns, startups and small businesses are facing uniquely challenging circumstances that require innovation, focus, and flexibility in order to survive. These visionaries and risk-takers must problem-solve their way to success, and during a pandemic, there is no shortage of problems.

Roy Dekel, CEO of SetSchedule, is a leader and trailblazer in the technology and real estate sector. In 2014, Dekel and co-founder Udi Dorner created a way to disrupt two industries by building a software that eclipsed the competition and continues to innovate in both industries.

Today, SetSchedule has handled over $1 billion in real estate transactions and has improved the home buying process for thousands of real estate agents and buyers. With over 100 employees, the company is still actively growing,

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The premium motorcycle segment has been grappling to garner volumes and profitability in India due to a slew of factors such as low volumes owing to its niche nature, high operational cost and minimal profit margin, fierce competition among OEMs to gain share in a small segment, and the relatively high tariffs on imported premium bikes.

With the iconic American motorcycle-maker Harley-Davidson announcing its exit from the Indian market last week, the troubles brewing in this segment have been accentuated.

“The overall size of the premium motorcycle industry above 500cc and the ₹5-lakh price-point continues to be niche. In the last 12 months, the size of the industry was 6,000-7,000 units only. The size itself is small, and that’s a reason for concern,” Shoeb Farooq, Business Head, Triumph Motorcycles India, told BusinessLine. The automobile sector had already been undergoing a prolonged slowdown when Covid-19 hit discretionary purchases, he added.

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  • Google unveiled the Pixel 5 on Wednesday, its next flagship smartphone and competitor to the iPhone.
  • The announcement comes after Google revealed the name of the device in August.
  • Google’s Pixel line doesn’t have as big of a presence in the market as it rivals from Samsung, Apple, and Huawei, but the company often uses the phones to introduce new Android features.
  • Visit Business Insider’s homepage for more stories.

Google on Wednesday introduced the Pixel 5, its newest high-end smartphone meant to go head-to-head with the upcoming iPhone 12 and Samsung’s Galaxy S20 phones.

The phone will be among Google’s first 5G smartphones, starting at $700 alongside the cheaper $500 Pixel 4a 5G. It’s a notable departure from last year’s Pixel 4, as the company is focusing more on value and core features like camera quality and battery life. Google’s previous flagship phone introduced flashy new motion-detection features but was

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