News

Subway reportedly closed 10% of its stores last year as the fast-food chain struggles with pandemic restrictions and slumping sales

Summary List Placement Subway, the biggest fast-food chain in the world, lost about 10% of its restaurants in 2020, Restaurant Business reported Friday. The publication reported that 2,200 to 2,400 Subway restaurants closed last year during the pandemic. The closures represent a significant impact on individual business owners, as the company does not operate its […]

News

The Embedded Finance Explainer: Innovative FIs should partner with embedded finance companies to capture a $7 trillion opportunity

Summary List Placement Embedded finance is an emerging software distribution model that is poised to reshape the financial services industry. To help financial service leaders navigate this emerging market, Insider Intelligence detailed key embedded finance trends and potential growth opportunities. What is embedded finance?  Embedded finance is a term for when nonfinancial companies offer financial […]

News

Humana just launched its answer to the new crop of insurer start-ups in the red-hot health plan market for seniors.

Summary List Placement About three or four years ago, Humana CEO Bruce Broussard realized that new, technology-focused health plans would soon be pushing into the health insurance market for seniors in a big way. Buzzy startup insurers like Clover Health, which recently went public, and Devoted Health, and even clinics like Oak Street Health, were […]

Culture

COVID economy: Huge job losses batter Bay Area, California, ending brutal 2020

Huge job losses slammed the Bay Area and California in December, abruptly aborting a fragile recovery from coronavirus-linked employment losses and capping off a dismal 2020 for the statewide economy. The Bay Area lost 14,300 jobs during December while California lost 52,200 jobs, the state Employment Development Department reported Friday. The California job losses were […]