Heard on the Street: Coronavirus affects small businesses, banking operations changes, and the grit of black female founders

By March 9, 2020 Heard on the Street

Heard on the Street – here’s what we were reading last week:

Small Businesses Face Coronavirus Hurdles:  While fears over the growing global coronavirus outbreak sparked widespread economic worries and wild stock market swings last week, small business owners have felt the ripple effects of canceled travel reservations, scrapped conferences, closed factories and jittery consumers.

US Bank to take over State Farm banking operations: In a move to exit the banking business, State Farm later this year will begin turning over its deposit and credit card accounts to U.S. Bank in a strategic alliance the insurance company announced on Thursday.

Grit: The Entrepreneurial Quality Of Successful Black Female Founders: The ability to start a business and grow it into a success embodies the American Dream. Increasingly, it is Black women who are grasping the brass ring. They are embracing entrepreneurship at an unprecedented rate.

As Coronavirus Spreads, So Does Xenophobia and Anti-Asian Racism: Since the outbreak of coronavirus, which was first officially reported to the World Health Organization by Chinese authorities in Wuhan on Dec. 31, several accounts of racism and xenophobia have been reported and documented on social media.