Minority small business owners harder hit by pandemic closures

batucity

In our series “Financial Fallout,” “CBS This Morning” looks at the economic costs of the coronavirus pandemic and how it affects communities across the country. 

Even though the COVD-19 virus doesn’t discriminate, the financial impact of the pandemic is hitting the pocketbooks of minorities the hardest – and the numbers tell us they’re struggling to stay afloat.

With national unemployment figures at their highest levels since the Great Depression of the 1930s, African Americans have been hit especially hard; black unemployment is nearly 17 percent, compared to the overall jobless rate of just over 13 percent.

The coronavirus has also forced a record-breaking number of small businesses to close, at least temporarily. There was a 41 percent decline in black business owners from February to April, and a 32 percent drop in Latino business owners. That’s compared to a 17 percent decrease in white business owners.

Will Turner lost

Read More

Nokia Drives 5G Network Solutions With C-Band Spectrum Trial

batucity

Accelerating its pace to offer the best mix of 5G network capacity and coverage to subscribers across the United States, Nokia Corporation NOK recently announced that it has achieved impressive gigabit speeds in a trial of advanced 5G technology on a C-Band spectrum. Notably, the trial leveraged Nokia’s AirScale 5G base station equipment to deliver end-to-end 5G solution with industry-leading latency and connectivity. Touted as the first company to showcase live C-Band network in the United States, the latest achievement is expected to help businesses and customers with superior network capacity, especially at a time when communication service providers are shifting toward automated network operations for seamless connectivity.

Specifically designed to support Nokia AirScale base stations, the 5G-backed radio access network (RAN) leverages intelligent analytics and advanced automation techniques to maximize the performance of hybrid networks. Notably, the innovative solution is equipped with massive MIMO Adaptive Antennas and Compact Active

Read More

ENPH, NEE, SEDG and VST

batucity

For Immediate Release

Chicago, IL – June 22, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Enphase Energy ENPH, NextEra Energy NEE, SolarEdge Technologies SEDG and Vistra Energy VST.

Here are highlights from Friday’s Analyst Blog:

4 Renewable Energy Stocks to Gain for Remainder of 2020

U.S. renewable energy space has witnessed growth for a couple of years or so led by solar and wind energy consumption for electricity generation. The story is no different amid the coronavirus pandemic.

Notably, the U.S. Energy Information Administration (EIA), in its latest Short Term Energy Outlook, has projected renewable energy to be the fastest-growing source of electricity generation for the nation in 2020. Notably, electricity generation from renewable energy sources is estimated

Read More

Positive Test Springs Hawk Mazda’s Coronavirus Plan Into Action

batucity

JOLIET, IL — When confirmed cases of the coronavirus pandemic began emerging across Illinois in late March and early April, Hawk Mazda General Manager Jim Muisenga realized his dealership needed to have a plan in place in case any of his employees tested positive.

On Friday, the plan was thrown into action.

Muisenga confirmed on Monday that one of his mechanics tested positive for the virus after being out ill since early last week. Muisenga told Patch that the employee called in sick on Tuesday and remained out of work before he received notification Friday morning that he had tested positive. The news led to the decision to close the dealership — located at 2421 S. Route 59 — immediately, have the facility cleaned and to have all employees tested.

In addition, the dealership has contacted any customer who has had their vehicle worked on by the infected employee within

Read More