Federal Reserve Chair Jerome Powell acknowledged that the Fed faces a major challenge with the launch in the coming days of a program through which the Fed will lend directly to private companies for the first time since the Great Depression
President Donald Trump has fueled new tensions during a period of national crisis with a tweet appearing to warn that protests in Minneapolis would bring gunfire
Playstation 5 Will Offer an 'Evolution' in Sound Sony has confirmed that the highly-anticipated console will include a 3D audio processing unit. It's possible the unit will represent a landmark moment for the PlayStation console series as a whole. Sony, via corporate strategy meeting Sony, via corporate strategy meeting Sony also explained that PlayStation 5 will offer gaming enthusiasts "experiences that were not possible before." The console is set for release later this year.
As France is easing most virus related restrictions next week, the French government is confident its contact-tracing app will be effective in the process to contain the spread of the pandemic
Despite economic hardship caused by the coronavirus, the number of students applying for financial aid has fallen, suggesting the number applying to college in the fall will drop too.
Spotify Introduces Artist Fundraising Pick Feature The music-streaming platform is giving musicians the opportunity to highlight their fundraising efforts on their dedicated landing pages. The chosen cause will appear front and center on the artists’ pages, similar to when a musician selects a song as their Artist Pick. Artists may use the feature to raise money for themselves, their crews or other charitable organizations. Links can only come from three partners: Cash App, GoFundMe and PayPal.me. Artists can also link to a number of verified organizations participating in the Spotify COVID-19 Music Relief project.
Gov. Andrew Cuomo says New York City is on track to begin reopening June 8 as the state gradually loosens restrictions put in place during the coronavirus crisis
As countries slowly begin to re-open, we examine what changes we can expect to see from the retail industry. Dr. Jason Rao, CEO of Health Security Partners, and Dr. Barbara Kahn, Professor of Marketing at The Wharton School offer their insight.
Zoom Hits 300 Million Daily Users Despite Security Problems Just this past December, the video chat service reported 10 million users. As the coronavirus pandemic unfolds, Zoom's activity has exploded in recent months. According to The Verge, it revealed a huge increase to 200 million at the start of April. The Verge adds that Zoom's use has jumped 50 percent since then. The increase comes despite security experts and the FBI saying default settings are not secure. In 2019, Apple removed Zoom software after it was revealed websites could take over cameras. There is also the "Zoombombing" issue, where pranksters have entered random calls to show "shock content." In response, Zoom recently released its 5.0 version to combat security and privacy problems. 5.0 heightens encryption, security for meetings and users must now have a default password.
Facebook to Launch Dedicated Gaming App Facebook is preparing to introduce a new mobile gaming app amid the coronavirus pandemic when many are glued to their phones. Facebook Gaming will be a free app designed largely for creating and watching live gameplay. According to Facebook, 700 million of its reported 2.5 billion monthly users already engage with online gaming content. The gaming industry is one of a few experiencing a boon during the era of COVID-19. Fidji Simo, Head of Facebook App The app has no advertising in it for now and will rely on 'stars,' a currency that viewers can use to 'tip' streamers.
U.S. consumer spending plunged by a record-shattering 13.6% in April as the pandemic shuttered businesses, forced millions of layoffs and sent the economy into deep recession
Activision Blizzard 'Still on Track' With Upcoming Games Activision Blizzard CEO Robert Kotick says things are still running as planned despite the coronavirus pandemic. The firm has a slew of new titles in the pipeline, including a new 'Call of Duty' game. It is speculated to be a reboot of the 'Black Ops' sub-series, similar to 2019's 'Modern Warfare' remake. And there has also been talk of new 'Crash Bandicoot' and 'Tony Hawk's Pro Skater' games. Robert Kotick, to CNBC
As restrictions begin to ease slowly across the globe, the future of air travel hangs in the balance. What will flying look like in a post COVID world? And how will airlines keep their passengers safe? Joe Leader, CEO of APEX (Airline Passenger Experience Assoc.) and IFSA (International Flight Services Assoc.), Shashank Nigam, founder, and CEO of SimpliFlying, and Bob Mann, CEO of R.W. Mann Airline Industry Analysis and Consulting answer our questions.
Facebook Gaming Launches Tournaments The new feature will allow users to create and organize virtual tournaments from the comfort of their homes. Users will be able to create tourneys in a variety of formats, including round-robin or double elimination. The feature is also made for a wide range of levels from casual to high-level esports play. 'Tournaments' is currently debuting in early access. Facebook Gaming has experienced a huge growth in the last year, with streaming hours doubling due to the current pandemic.
U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession
Lucy Martin, a Los Angeles based entrepreneur and artist, was on the brink of bankruptcy, then the coronavirus hit. But rather than pushing her over the edge, the pandemic provided a business opportunity which enabled her to turn her life around. This is her story.