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Bloomberg Businessweek’s top content in December 2020
Below is the Bloomberg Businessweek text compiled by admin of Digital Marketing Tips and Magazine, Hopefully it can add to your insight in the world of business.
Top 5 content first week of December 2020
- Practical Mental Health Resources for Overwhelmed Business Owners
These tips are a good starting point if you’re stressed and struggling to keep your business afloat. The myriad personal and professional pressures of the pandemic are taking a toll on entrepreneurs. Mental health experts, including a psychiatrist, an organizational psychologist, and an occupational therapist, among others, interviewed for this Businessweek news article also weighed in with their concerns and analyses. Below are some of their suggestions for individuals who run their own ventures. Read More
- Concerns Rise About Business Owners’ Mental Health
Running your own venture can be isolating, professionals say, and vulnerable entrepreneurs need more support.
The number of entrepreneurs seeking Dr. Michael Freeman’s help has been climbing since the pandemic upended life in the U.S. “Elevated stress levels, elevated anxiety, and elevated levels of depression are common among people in my practice,” says the Bay Area psychiatrist-psychologist, who since 2005 has focused his practice exclusively on entrepreneurs. “Many have been adversely affected by the pandemic and its many manifestations.”
More than 40% of Americans have reported negative mental or behavioral health conditions since the start of the pandemic, according to research released in August by the Centers for Disease Control and Prevention. Freeman is among the mental health professionals around the country concerned about small business owners’ well-being. Beyond the personal toll, entrepreneurs who feel isolated and overwhelmed by forces they can’t control find it harder to make their businesses survive or to hatch new ventures, according to Freeman and other professionals. Read More
- There’s Still Time to Beat Covid Without Lockdowns
South Korea’s successful approach of regimented masking, aggressive testing, and high-tech contact tracing is a blueprint for the U.S. and other democracies.
Park Young Joon was worried that South Korea could lose control. As director for epidemiological investigations at the Korea Disease Control and Prevention Agency, he’d been dispatched to Daegu, a city of 2.5 million in the south, to deal with an urgent situation. A rash of novel coronavirus cases had just emerged among members of the Shincheonji Church of Jesus, an obscure and secretive religious group whose services involve close physical contact. The first congregant tested positive on Feb. 17, becoming South Korea’s 31st Covid-19 patient. Soon the number of new daily cases was in double digits, then triple—evidence that an exponential outbreak was in progress. “I remember seeing the triple-digit cases,” Park says, speaking through a translator, “and thinking to myself that this must be what people mean when they use the word ‘surge.’ ” Read More
- The Essex Boys: How Nine Traders Hit a Gusher With Negative Oil
Over the course of a few hours on April 20, a guy called Cuddles and eight of his pals from the freewheeling world of London’s commodities markets rode oil’s crash to a $660 million profit.
Among the many previously unthinkable moments of 2020, one of the strangest occurred on April 20, when the price of crude oil fell below zero. West Texas Intermediate futures, the most popular instrument used to trade the commodity, had started the day at $18 a barrel. That was already low, but prices kept tumbling until, at 2:08 p.m. New York time, they went negative.
Amazingly, that meant anyone selling oil had to pay someone else to take it off their hands. Then the crude market collapsed completely, falling almost $40 in 20 minutes, to close at –$38. It was the lowest price for oil in the 138-year history of the New York Mercantile Exchange—and in all likelihood the lowest price in the millennia since humans first began burning the stuff for heat and light. Read More
- Facebook Sees WhatsApp As Its Future, Antitrust Suit or Not
The messaging service makes practically no money now, but Mark Zuckerberg has plans to change that.
On the final day of November, Facebook Inc. announced it had bought a customer service software startup most people had never heard of, in a deal valuing the company at more than $1 billion. Although it was the third-largest acquisition in Facebook’s history, slightly more than it paid for Instagram in 2012, the deal drew very little notice. In Washington, where regulators are actively pursuing antitrust lawsuits against Facebook and politicians condemn almost every move the company makes, the purchase of Kustomer Inc. was met with crickets.
But if the deal’s significance isn’t clear now, it could be soon. Acquiring Kustomer is the latest in a series of expensive bets related to Facebook’s $19 billion purchase of WhatsApp in 2014. Earlier this year it invested in Jio Platforms, an Indian internet giant that WhatsApp plans to partner with on commerce. While not an acquisition, the $5.7 billion Jio investment was Facebook’s second-largest financial deal ever. Taken together, the moves add up to an investment in private messaging of about $26 billion. Read More
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