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Hertz files for bankruptcy amid drop in demand | The Hill

Travel plans have been put on pause during Corona. However, one big travel business might not survive this pandemic. Rental car company Hertz filed for chapter 11 bankruptcy after the decline of demand for rental cars. The bankruptcy filing does exclude business outside of America, and shares in the company have dropped drastically.  According to the Hill, “The impact of ... Read More »

TikTok poaches Disney’s top streaming executive to be its new CEO | Business Insider

After popular app, Tik Tok felt that it’s CEO needed to be US based because of fears of security for its users with its link to China, the new CEO is now Disney’s top streaming executive Kevin Mayer. The company recently opened a new office in Los Angeles where Mayer will be working while overseeing TikTok globally. This has been ... Read More »

Most and least expensive states for retirement 2020 | 401(k) Specialist

401(k) Specialist has mapped out a study that ranks each state and Washington DC according to retirement capabilities in 2020. While some states are more obvious than others, there were a few surprises. The most expensive state was Hawaii, with $1,844,556 needed to retire. New York, Oregon, California, and Alaska were also at the top of the list, all needing ... Read More »

Facebook’s Zuckerberg defends actions on virus misinformation | BBC News

Facebook founder Mark Zuckerberg has stated that they will continue to remove any false information regarding the coronavirus from their social media platforms. “Even if something isn’t going to lead to imminent physical harm, we don’t want misinformation to be the content that is going viral,” he commented. A more controversial removal includes Brazilian president Jair Bolsonaro’s post where he ... Read More »

What the future of adventure travel looks like | Outside Online

While experts have stated that travel will make a strong comeback, the timeline could take months or even years. Adventure and nature-based travel is also expected to increase following the pandemic, as over half of Americans say they will avoid crowded areas after restrictions are lifted. Wide-open spaces and nature will likely become more popular than crowded tourist destinations. The ... Read More »

US Air Force ramps up flyovers near China in sign of rising tension and risk of conflict between world powers | South China Morning Post

Tensions between the U.S. and China continue as the two powers work to keep control of the South China Sea and surrounding areas. U.S. Pacific Air Forces said on Twitter on that B-1 bombers had been conducting a mission the South China Sea following completing a training mission near Hawaii with the Navy. Both the Air Force and the Navy ... Read More »

The 20 highest-paying college majors in the US | Business Insider

The American Community Survey program has revealed that those who study science and engineering in college have the highest salaries. This program as well as response from graduates on their major and income were used to compile a list of the highest-paying degrees in the U.S. Health and medical preparatory majors took the number one slot, with a median salary ... Read More »

GM says it is ‘almost there’ on million-mile electric vehicle battery | Reuters

Global Motors Executive Vice President Doug Parks has announced that they are close to developing an electric vehicle battery that will last for one million miles. Current electric batteries generally last for 100,000 to 200,000 miles. GM also stated that improvements include zero-cobalt electrodes, solid state electrolytes and ultra-fast charging. Tesla announced at the beginning of May that they are ... Read More »

Cash, long a refuge in uncertain times, now under suspicion | AP News

People used to hoard cash in times of uncertainty due to distrust of the banks and online security. Now however, cash is often tossed aside and the vast majority of the time we use electronic means for transactions. As the coronavirus pandemic has led to businesses and customers not wanting to touch something and then have it exchange hands, cash ... Read More »

Walmart becomes a lifeline, online sales surge 74% | AP News

Walmart has seen a huge increase in sales and profits during the first fiscal quarter due to the coronavirus. Online sales rose by 74% in the U.S. and in-store sales increased by 10%, mainly in the food, health, and wellness departments. Since many stores were considered nonessential and shut down, consumers have been turning to Walmart, which often carries some ... Read More »