ByteDance, TikTok’s parent company, is giving out bonuses this month to all of its more than 60,000 employees around the globe. In a memo first obtained by Bloomberg, ByteDance said the bonuses are intended to thank everyone for their work amid the company’s challenging last few months. The company has […]

Happy Friday! Those hoping for a quiet few days in the US markets heading into the long weekend may have been disappointed. Tech stocks slumped again yesterday, leading the way for a broader stock-market selloff. Apple shares dropped 8% in their sharpest decline since March; Tesla shares tumbled for a […]

Welcome to Wall Street Insider, where we take you behind the scenes of the finance team’s biggest scoops and deep dives from the past week. If you aren’t yet a subscriber to Wall Street Insider, you can sign up here. Goldman Sachs exec Ram Sundaram has solidified his position as […]

Coronavirus cases have been on the rise for weeks in Las Vegas, and the timing of the uptick lines up well with Nevada’s “phase two” reopening, which started on May 29. Casinos followed close behind, on June 4. The governor of Nevada is now requiring everyone to wear masks in […]

A wave of restructurings and Chapter 11 filings has put a group of investors, lawyers, and bankers back in the spotlight. Distress investing, which looks to take advantage of bankruptcies and other high-risk situations, struggled to find opportunities for years. More opportunities and flow are also likely to come the […]

Major protest cities including New York, Washington DC, and Minneapolis, are not seeing coronavirus case counts rise. One main reason is the virus doesn’t spread well outdoors in the sun. Another is that when protesters took to the streets, many others stayed home, improving citywide social distancing overall. Across the […]

Greg Glassman, cofounder of the global fitness brand CrossFit, announced he would be stepping down as CEO on June 9, after a controversial tweet about George Floyd. He retains full ownership of the company but announced on June 24 that he would be selling it. More than 30 former CrossFit […]

Although the flu and coronavirus have some overlapping symptoms, the coronavirus’ death rate in the US is far higher. On average in the US, the flu’s death rate is .1%, while the coronavirus’ death rate is 5.2%. Both viruses are most deadly for the elderly. The flu kills.83% of infected […]

Firework sales and noise-related complaints have spiked through June. Some firework suppliers saw as much as a 400% increase in sales and fireworks-related noise complaints in New York City saw a 4000% increase, according to recent reports. Large pyrotechnic displays in New York City are drawing concerns among community members […]

Some restrictions on nonessential travel are being lifted as governors ease lockdown orders. But 17 governors have put statewide travel restrictions in place. Some require 14-day quarantines for travellers or a recent negative COVID-19 test. Many states have begun to reopen outdoor tourist attractions, but many indoor ones remain closed […]

It’s possible to cool a room down and keep it cool without air conditioning. Fans can be more energy-efficient and cost-effective when compared to AC, and there are a few tips and tricks that can help you beat the heat with these appliances. Here’s how to use window fans, ceiling […]

ByteDance, the parent company of short-video app TikTok, generated $US5.6 billion in revenue for the first-quarter of 2020,Reuters reports. This figure represents 130% growth in revenue year-over-year for the China-based company, which is now reportedly worth more than $US100 billion. ByteDance’s rolodex of social platforms are wildly popular, but they […]

Southern states have seen a sharp rise in coronavirus cases and hospitalizations over the past few weeks. Some public-health experts have attributed the spike to states loosening their lockdown restrictions. But multiple Southern governors told Business Insider they weren’t considering another round of lockdowns. Visit Business Insider’s homepage for more […]

The US Commerce Department said retail sales rose a record 17.7% in May from the previous month. Retail stocks soared after the report. But predictions of a robust recovery may be premature. Retail sales dropped more than 63% for clothing and accessory stores, nearly 26% for department stores, and nearly […]

Welcome to Wall Street Insider, where we take you behind the scenes of the finance team’s biggest scoops and deep dives from the past week. If you aren’t yet a subscriber to Wall Street Insider, you can sign up here. After weeks of stock-market gains, there were signs of cracks […]

While cases in the US are rising again, the country has finally scaled up its COVID-19 testing efforts after months of delays and missteps. One way to measure those efforts is by calculating the per cent of tests that come back positive, which the World Health Organisation has said should […]

The United States has seen nationwide protests for weeks over the death of George Floyd in police custody, and the frustration that racism and racial inequality still persist throughout modern American life. Data and research have extensively documented the ways in which Black Americans are underrepresented, overrepresented, or experience different […]