Coronavirus Outbreak Puts 37 Million U.S. Jobs at Risk
[Consumer]
2020/03/24 09:08
The coronavirus pandemic has brought life in the United States to a near standstill in recent days. Many cities and states are in complete lockdown as strict social distancing looks like the only way to slow down the spread of the virus at the moment. As people are no longer leaving their houses, let alone meeting in restaurants, movie theaters or at the mall, some industries have lost a signif...
Cazoo, The Used-Car Sales Portal, Raises Another $116M
[Investing]
2020/03/24 09:07
The rapid spread of the coronavirus pandemic has put a freeze on many in-person sales and transactions for goods and services, so in what might be a sign of the times for funding in the startup world, today a company in the U.K. that’s been building a portal to carry out car sales in the virtual world is announcing a large fundraise.Cazoo, a startup modeled on the Vroom/Beepi-type model that b...
Skip-Checkout App Aiding Shoppers During the COVID-19 Crisis
[Product]
2020/03/24 09:06
A grocery chain in New York is offering shoppers an option to avoid long lines while promoting social distancing.As shoppers practice social distancing and self-isolation, stores have seen a major increase in the number of customers using mobile checkout apps to avoid standing in lines. Now, Fairway Markets is ramping up the promotion of its skip-checkout app. The company is signing up more tha...
Opportunity Looms for Nimble Chinese Retailers Amid the Coronavirus Outbreak
[Business]
2020/03/24 09:05
The outbreak of the Novel Coronavirus (COVID-19) epidemic at the beginning of 2020 has adversely influenced China’s retail industry, especially brick-and-mortar retailers. But some retailers were well prepared, and they responded quickly to the incident, turning the crisis into an opportunity.The epidemic brings fresh inspiration to the retail landscape and enables the industry to usher in new...
At-Home Fitness Initiatives Step Up as Consumers Increasingly Shelter at Home
[Business]
2020/03/24 09:04
At the time of this publication, citizens across the United States (and, indeed, the entire globe) are increasingly being asked or ordered to shelter at home to help prevent the rapid spread of Covid-19. As consumers hunker down to protect vulnerable and high-risk populations from exposure this virus, brands are launching or touting at-home fitness platforms to cater to those who wish to contin...
Pair Dual Wireless Charging Power Bank
[Design]
2020/03/24 09:03
Designed for Gmk Co., Ltd., Pair is a 2-in-1 product designed for your travel companion. It’s a conceptual dual wireless charging power bank with an orange charger module and two identical wireless charging battery modules.Each battery can be charged simultaneously when magnetically connected to its orange charger. Its compact size makes it easy to slide inside your jean pocket.Designed by Jak...
Goldman Sees Unprecedented Stop in Economic Activity, with 2nd Quarter GDP Contracting 24%
[Investing]
2020/03/23 09:10
Goldman Sachs economists forecast a historically sharp and swift recession, with second-quarter GDP sinking a stunning 24% after a 6% decline in the first quarter.The economists had expected a decline of 5% in the second quarter, after a flat first quarter but they said social distancing measures have affected many sectors of the economy and will hit the first and second quarter hard.The econom...
(Patent) Intel Pursues a Patent for a Lightweight 360 Degree Audio Source Location System
[Tech]
2020/03/23 09:09
US patent application 20200092643 discloses a system to obtain an audio source location by identifying a predetermined acoustic barrier filter and receiving an audio signal within a time window at two microphones. The system then uses four measures of variability to form a feature vector for a location classifier and obtains an audio source location. The illustration below depicts audio receive...
Black Swan Events : Short-term Crisis, Long-term Opportunity
[Investing]
2020/03/23 09:08
Few investors could have predicted that a viral outbreak would end the longest-running bull market in U.S. history. Now, the COVID-19 pandemic has pushed stocks far into bear market territory. From its peak on February 19th, the S&P 500 has fallen almost 30%.While this volatility can cause investors to panic, it’s helpful to keep a long-term perspective. Black swan events, which are define...