A man wears a face mask due to the coronavirus outbreak while waiting for a takeout order at Kellys Irish Times on Capitol Hill on Tuesday, March 24, 2020. Many bars and restaurants are open limited hours for takeout orders only. (Photo By Tom Williams/CQ-Roll Call, Inc via Getty Images)
Yelp will now display a GoFundMe donation button on restaurant pages, allowing users to easily support local businesses feeling the biggest impact from the coronavirus.
The new feature, which is being rolled out in the hardest-hit areas this week, will appear on pages for businesses like restaurants, bars, beauty parlors, and gyms.
On top of this, Yelp and GoFundMe have committed to matching the first $1 million in donations made through the new button.
When businesses reach the $500 donation threshold, the companies’ combined relief fund will contribute another $500.
This announcement comes on the heels of Yelp’s $25 million pledge to independent local businesses in the form of waived advertising fees.
In an annual assessment of global inequalities, Oxfam International said the first trillionaire could emerge within the next decade — as the anti-poverty organization pointed to the growing wealth gap that skyrocketed globally during the pandemic.
The Biden administration proposed a cost drop for overdrawing bank accounts, which it says could particularly relieve Americans living paycheck to paycheck.
Americans stepped up their spending in December more than expected, closing out the holiday season and the year on an upbeat tone. The Commerce Department said retail sales rose 0.6% in December compared with a November’s 0.3% increase.
Christine Short, VP of Research at Wall Street Horizon, shares insights on small and big banks earnings, a fresh round of layoffs in the tech world, and what to expect from upcoming rate decisions.
More executives are feeling better about the global economy. But a growing number don’t think their companies will survive the coming decade without a major overhaul because of pressure from climate change and technology like artificial intelligence.
