With $100 million, Magic Johnson pays it forward to businesses in need

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With $100 million, Magic Johnson pays it forward to businesses in need

Magic Johnson, janitor. Before we talk about the $100 million in loans his insurance company is funding for minority- and women-owned businesses, we first need to talk about the 16-year-old kid cleaning toilets in a Michigan office building. The intellectually …
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Macy's Hefty Loss Reveals Challenges Among Mall Stores

NEW YORK (AP) — Macy’s warned Thursday that it could lose more than a $1 billion and see sales fall at least 45% during its first fiscal quarter after the coronavirus pandemic paralyzed retail operations nationwide. The dire preliminary report from the iconic …
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US secures supply of AstraZeneca, Oxford coronavirus vaccine, pledging more than $1B

The U.S. government will invest up to $1.2 billion in British drugmaker AstraZeneca to develop, produce and widely distribute, as early as this fall, a coronavirus vaccine created by researchers at the University of Oxford in England. AstraZeneca recently …
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US existing home sales post largest decline in nearly 10 years

WASHINGTON (Reuters) – U.S. home sales logged their biggest drop in nearly 10 years in April as the novel coronavirus pandemic upended the labor market and broader economy, undercutting demand for housing. FILE PHOTO: Construction workers build …
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Best Buy Worked On Its Tech Before The Pandemic And Now Its Flexing Its Muscles

As Americans en masse moved their workplaces, and their kids’ classrooms into their homes, a lot of them decided they needed new laptops, computer monitors, printers, and wifi routers, and a lot of them bought them at Best Buy BBY . Best Buy also saw a …
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