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.
Ahead of the release of October's consumer inflation data Tuesday, you may notice changes from the Bureau of Labor Statistics. When it comes to how it estimates health insurance costs, the move is expected to give a boost to the U.S. inflation measure which will reverse a trend that has provided some relief.
A handful of retailers will report earnings this week, including Home Depot, Target, Walmart and Macy's, as gas prices peaked in September to the end of this latest quarter while borrowing costs remain at their highest levels in decades.
