life

As Layoffs Surge, Airbnb, DoorDash Raise Billions with IPOs for Life After COVID-19

Leisure travel and “order-in” dining are very different markets, but as end to the COVID-19 pandemic appears to be in sight, Airbnb and DoorDash are looking to expand by issuing IPOs.

The IPOs for both companies hit the market as the Labor Department announced that a seasonally adjusted figure of 853,000 Americans filed for unemployment last week for the first time, the largest number since mid-September. Current jobless claims rose to 5.8 million, the first rise in those figures since late August. Overall unemployment declined slightly in October to 6.7%.

But Airbnb and DoorDash are betting on better times ahead.

DoorDash, a food delivery service, rode that trend to a strong IPO Wednesday after state officials closed restaurants last spring as part of the effort to curb spread of COVID-19, forcing an increasing number of people to eat meals at home.

“The pandemic-fueled rally in DoorDash is here to stay

Read More

Tour life has changed and these are the most noticeable differences for players

HILTON HEAD ISLAND, S.C. – A week and a half into the PGA Tour’s return to competition, players seemed to be settling into what some have called “our new normal,” complete with regular COVID-19 tests, social-distancing requirements and the relative confinement of life inside a manufactured “bubble.”

Simply playing golf can bring its own sense of normalcy but for players who are all creatures of habit, life in the post-quarantine world has required some adjustments.

Exactly what changes have resonated the most, depends on the player:

• The absence of fans has been the most-talked-about difference since the Tour returned from a 91-day hiatus, and those who found themselves in quiet contention last week certainly felt the difference.

“It was definitely interesting to be out there and not have the fans and the energy,” Rickie Fowler said. “You’re still playing against the best players in the world, but not having

Read More