Of all the verticals hit hard by the global pandemic, hotels have seen their business slowed to a near stop as shutdowns and social-distancing rules bring travel of all kinds to a near halt. But the lodging industry is slowly reopening, with hotels working overtime to stress cleanliness in a bid...
Bitcoin Daily: Gemini Teams With Samsung For Mobile Crypto Access; Russia Seeks To Put Mortgage Records On Masterchain
Gemini Trust Co. is teaming with Samsung Electronics Co. to let users exchange and keep digital assets on smartphones in an easier fashion, Bloomberg reported. Gemini is said to be the first digital currency exchange to allow Canadian and U.S. Samsung blockchain wallet users to see their balances in the...
Coronavirus Refunds: Allstate To Lengthen Shelter-in-Place Payback Program
As the pandemic continues to disrupt everyday life the world over, auto insurance companies are crediting their customers’ accounts for a portion of their monthly premiums. Allstate is lengthening its Shelter-in-Place Payback up to the end of June for personal vehicle insurance clients as they don’t drive as much and become involved...
Aion Bank’s BusinessMax Offers Digital Solutions For SMBs
Aion Bank’s newly-launched BusinessMax aims to generate high-quality digital banking services for small and medium-sized businesses (SMBs), according to a press release. The Belgian challenger bank says the program will be “fully digital” from start to end, and everything from account setup to loan applications and approvals can be handled...
IRS Wants To Make Sure You Don’t Throw Out Your Stimulus Card
The Internal Revenue Service (IRS) wants to make sure you don’t throw out your prepaid government stimulus debit card. Many people have done that, thinking the cards are junk mail and discarding them, according to MarketWatch. In a press release, the IRS states that the debit cards will arrive in...
Report: SEC Probing Public Firms That Received PPP Funds
The U.S. Securities and Exchange Commission (SEC) has launched an investigation into publicly traded companies that received COVID-19 stimulus funds, Bloomberg News reported. Agents are looking into whether the companies’ loan applications for the Small Business Administration (SBA’s) Paycheck Protection Program (PPP) were consistent with the disclosures made to investors...
American Express Canada Introduces Offers To Support SMBs
In an effort to bring greater value to its small and medium-sized business (SMB) card members, American Express Canada is debuting limited-time offers as well as solutions. The company said that the changes seek to tackle the evolving requirements of today’s businesses, with the inclusion of modifications to spending habits...
Survey Says Millionaires Cut Spending, Postpone Big-Ticket Purchases
A majority of American millionaires say they plan to spend less this summer than in years past, according to a new Second Quarter CNBC Millionaire Survey. The poll, which questioned 750 people with assets of $1 million or more, revealed while wealthy Americans have seen little impact from the pandemic...
Cyprus Government Offers Free Stay To Tourists Who Catch COVID-19
The government of Cyprus has a novel sales pitch for tourists considering a vacation in the Eastern Mediterranean nation: If you catch the coronavirus while on holiday in the island country, they will pick up the tab. A positive test for COVID-19 in Cyprus gets visitors free lodging, food, drink and medication, CNBC...
House Eases Rules On PPP Loans
A measure that would make it easier for small businesses (SMBs) to get their hands on a forgivable federal loan has easily passed the House, The Wall Street Journal reported. The bi-partisan bill answers a request from entrepreneurs who asked lawmakers to reduce the amount of the Small Business Administration’s...