Small Business

‘It’s been crazy’ — Maker of ultra-cold freezers sees surge in demand to store Covid vaccines

So-Low Environmental Equipment, a maker of ultra-cold freezers, is seeing a surge in demand for its products in anticipation of coronavirus vaccine distribution, leading to an inventory backlog despite its efforts to prepare. “Right now, we are out of everything,” Dan Hensler, vice president of the Cincinnati-based company, said Wednesday on CNBC’s “Squawk on the […]

Technology

Sequoia’s Surge backs 17 startups in its fourth cohort

Sequoia Capital’s accelerator fund ‘Surge’ has backed 17 startups across India, Southeast Asia, and Australia in its fourth cohort, with a majority of companies focused on the Software as a Service (SaaS) domain. This cohort spans sectors including ed-tech, fintech, SME tech, DevTools, consumer, health-tech and B2B marketplaces. The batch includes ed-tech startup Kyt, LambdaTest, […]

Global Economy

JPMorgan becomes first major bank to say first-quarter GDP will decline because of Covid surge

Volunteers from women’s organization Nuevo Amanecer Mujer Integral help with the distribution of frozen turkeys and food boxes ahead of Thanksgiving to families affected by the Covid-19 pandemic on November 18, 2020 in Los Angeles, California. Frederic J. Brown | AFP | Getty Images JPMorgan economists now see an economic contraction in the first quarter […]

Global Economy

Congress is far from sending more stimulus help as coronavirus cases surge and economic pain looms

The U.S. Capitol dome is reflected on an ambulance at sunset in Washington, November 10, 2020. Erin Scott | Reuters Congress appeared nowhere close to passing another coronavirus relief bill Tuesday as infections surge across the country and new public health restrictions threaten businesses and jobs. Lawmakers have not passed new aid in months during […]

Investment

Shares of furniture retailer Herman Miller soar 33% as home office sales surge

Herman Miller Aeron chair Source: Herman Miller Shares of office furniture retailer Herman Miller are surging after a blowout earnings report that showed the company is benefiting from the work-from-home trend.  Herman Miller jumped 33.5% in midday trading on Thursday, while the broader market was under pressure.  As the coronavirus pandemic forces millions of American […]