Earlier this year, the Santa Barbara County Sheriff’s department raided a cannabis farm. They walked out with more than $2.6m in cannabis oil, together with $620,000 in cannabis cash, owned by the farm’s operator Barry Brand, even though Brand was operating within both local and state regulations. In the case of the State of California… Continue Reading
Investing and Global Finance News
Category Archives: News
New York Museums Reopening With Collaborative Healing Projects
New Yorkers are starting to go out more. As city dwellers begin to come out of lockdown, they are also looking for ways to process all that has happened over the last few months. Individually and collectively, New York is trying to internalize and address the lives, communities, finances, and stability lost since the outbreak… Continue Reading
Robots are Having their Shining (and Cleaning) Moment
The coronavirus pandemic has underscored the need for heightened cleaning and hygiene practices in office buildings. Practically overnight, the need for comprehensive, reliable, and regular cleaning became a primary focus. Robots are emerging as cost-effective solutions to the challenge of properly and regularly washing and disinfecting large public areas. Neo, for example, a four-foot-tall, 1,000-pound… Continue Reading
Giving Tech Longer Life
The pandemic-induced recession has many people looking for different ways to save. One place to start is by investing in our technology. Put differently: we have to take better care of our tech so it lasts longer and serves us better. Before corona, most of us tended to have no patience for mindfully managing our… Continue Reading
Is Pandemic Tech Hurting or Helping Small Businesses?
Small businesses have had to get creative to survive the coronavirus pandemic and the lockdown enforced to curb the spread of the contagion. But the same technologies that sustained these businesses also yielded increased costs and complexities. As our lives are increasingly more digitalized, business owners (of all sizes) are contending with new expenses relating… Continue Reading
Funding Growth for Oscar Health Insurance
Health insurance company Oscar has raised $225 million in its latest round of funding. Existing investors Alphabet, General Catalyst, Khosla Ventures, Lakestar, and Thrive Capital, renewed their commitments, while new supporters joined the venture, including Baillie Gifford and Coatue. Oscar, the New York-based health insurance provider, has raised a total of $1.5 billion since its founding in 2012 by Mario Schlosser and Joshua Kushner. It is the first direct-to-consumer health… Continue Reading
New York Offers Grants for Business to Corona Comply
Corona has forced changes in every part of life. Stores are not the same place we were used to just a few months ago. There are less people walking around, plastic partitions at checkout, customers and clerks wearing face masks, and many more disinfecting stations. These modifications are costly and many businesses, already strapped after… Continue Reading
How Fintech is Helping Small Businesses
The current ongoing coronavirus pandemic has led to some remarkable business discoveries, including the revelation that fintechs, primarily online financial service companies, are effective liaisons for small business owners as well. The agility and flexibility that most fintech companies have allows them to be responsive in real-time; they experienced fewer policy and bureaucratic hurdles than… Continue Reading
Brooks Brothers Changes Course Due to Corona
In March, the Brooks Brothers clothing manufacturer was praised for its quick response to the novel coronavirus pandemic. The designer brand transitioned its three US factories to produce personal protective equipment for medical teams and frontline workers. But these same factories are now at risk of becoming casualties of the virus they were working to protect… Continue Reading
A New York Company Surviving Its 2nd Pandemic
Eastman Machine Company in Buffalo makes fabric-cutting machines. It is a fourth generation family owned business that has weathered its fair share of crises. Over the course of the company’s 132-years history has unfolded: World War I, the Spanish flu pandemic of 1918, the Great Depression and World War II. The company’s equipment is used… Continue Reading