editorial@post-journal.com FILE – A traveler wears a mask as she waits for her flight in Terminal 3 at O’Hare International Airport in Chicago, Sunday, Nov. 29, 2020. The coronavirus pandemic created winners and losers in the business world. Wall Street recovered after March, even though Main Street is still struggling. As few people traveled, the airline industry needed billions of dollars in aid from the government and is still threatening to lay off workers.(AP Photo/Nam Y. Huh) FILE – In this Aug. 13, 2020 file photo, the logos for Netflix, Hulu, Disney Plus and Sling TV are pictured on a remote control in Portland, Ore. As movie theaters closed and lockdowns descended across the country, people turned to the ever-growing number of video streaming services for entertainment. (AP Photo/Jenny Kane)
The pandemic created winners and losers in the business world in 2020. Here's a look at those that benefitted from the health crisis and those that faltered.
Some businesses thrived, many lagged during pandemic in 2020
by The Associated Press
Last Updated Dec 31, 2020 at 12:14 pm EDT
By March 23, Apple had lost $435 billion in market value in about five weeks and many of its retail outlets were shut as the virus pandemic walloped the global economy and stock markets. Meanwhile, a report issued by the National Bureau of Economic Research found that 2% of small businesses surveyed had shut down permanently in March.
On Dec. 30, Apple’s stock market value totalled $2.29 trillion, up 133% since March 23. Meanwhile, Congress has approved nearly $300 billion in additional relief for small businesses, money that many hard-hit owners only hope can help them survive until the pandemic finally eases
Year-end biz winners and losers omaha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from omaha.com Daily Mail and Mail on Sunday newspapers.
By March 23, Apple had lost $435 billion in market value in about five weeks and many of its retail outlets were shut as the virus pandemic walloped the global economy and stock markets. Meanwhile, a report issued by the National Bureau of Economic Research found that 2% of small businesses surveyed had shut down permanently in March.
On Dec. 30, Apple s stock market value totaled $2.29 trillion, up 133% since March 23. Meanwhile, Congress has approved nearly $300 billion in additional relief for small businesses, money that many hard-hit owners only hope can help them survive until the pandemic finally eases
The success of Apple and other big technology companies and the struggles of the smallest of businesses is just one example of how the pandemic created winners and losers in the business world in 2020. Wall Street recovered after March; Main Street is still struggling.