In our continued coverage of the coronavirus’ impact on technology startups, we look back at 2008 to understand which investor groups pulled back the most when the financial crisis hit. By pullback we are referring to the most active investors by investor type before the
Anthony Nguyen may seem like any other dreamer from Southern California. However, being a graduate from UC Irvine, and building multiple products that have taken the California market by storm is an extraordinary feat which at one point he couldn’t believe would grow so fast.
The Trump administration and Congress have finalized a deal that will lead to much-needed relief for American workers, small businesses and the industries that need it most as the coronavirus pandemic ravages the global economy. While this piece of legislation isn’t perfect, as no piece
The average price of a gallon of gas has fallen below $2 in the United States — the lowest price in four years, according to AAA. The plunge can be attributed to the ongoing coronavirus pandemic, which has wiped out demand as people are increasingly
That’s not to say this comeback is insignificant. It has been quite impressive. The Dow spiked 12.8% last week, its biggest weekly percentage gain since June 1938. The S&P 500 notched its best three-day return since 1933. And US stocks kicked off this with on
The economy is cratering deeper than we have seen in our lifetimes. Layoffs are coming so quickly, the state unemployment offices can’t keep up. Banks are flooded with calls about upcoming mortgage and loan payments. Downtowns are deserted, malls are closed, bars are empty,
US stock futures fell Tuesday after the Dow closed out its worst first quarter in history — the index lost 23.2% during the first three months of the year. Dow (INDU) futures sank 252 points, or around 1.2%, during after-hours trading Tuesday. S&P 500 (SPX)
After a dismal winter, China’s economy is showing signs of life. But a recovery in Asia won’t paper over problems in the United States and Europe as the world sinks into recession. See here: Goldman Sachs has significantly downgraded its outlook for the US economy