The survival of small businesses in American college towns is being threatened as restaurants, bars, and bookstores are stuck hoping students return to campus this fall

Small businesses in university and college towns rely heavily upon students for their revenue. Some businesses make 80% or more of their income from university-related traffic. Business Insider spoke to restaurants, bars, and bookstores in college towns around the country to find out what it is like to operate during the pandemic — and what the uncertain road ahead looks like. If students don’t return to campuses this fall, or if they return in lesser numbers, some local businesses face the possibility of permanent closures. Visit Business Insider’s homepage for more stories. Late nights filling boxes with books, chocolate bars, and knick knacks until 2 A.M. is the new norm… Read More

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We got an exclusive look at the pitch deck Lithuanian delivery startup Ziticity used to raise $2.5 million during coronavirus

Lithuanian delivery startup Ziticity has raised 2.2 million euros ($2.5 million) in a seed funding round. The startup specializes in last-mile deliveries and wants to help smaller, local retailers compete with the likes of Amazon. Laimonas Noreika, cofounder and CEO of Ziticity, said: “To have a fighting chance with global tech giants that are building monopolies in e-commerce and restaurant delivery space, we have been able to build a direct service for local merchants to compete locally.” Visit Business Insider’s homepage for more stories. Lithuanian delivery startup Ziticity has raised fresh funding to help local shops compete with Amazon and continue its European expansion. The company raised 2.2 million euros… Read More

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Hong Kong pro-democracy campaigners are planning a ‘parliament in exile’ as activists delete their social media and flee China’s new security law

A prominent Hong Kong activist says he is planning a “parliament in exile” after China imposed an ominous national security law. Simon Cheng, a campaigner and former British consulate employee in Hong Kong, told Reuters “a shadow parliament can send a very clear signal to Beijing.” The security law gives China new powers to arrest and deport dissenters in Hong Kong. It followed a year of pro-democracy protests. In response, activists have deleted their social media, disbanded political groups, and even fled the country. Visit Business Insider’s homepage for more stories. A leading Hong Kong pro-democracy campaigner says activists are planning a “parliament in exile,” after China imposed a new… Read More

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4 times that major tech companies, from Apple to Google and Amazon, tried and failed to break into video games (AAPL, GOOGL, AMZN)

Despite decades of trying, most major tech companies have thus far failed to compete in the video game market. From Amazon’s Fire TV debacle to Google’s ongoing Stadia struggles, tech’s biggest players have been unable to crack the code on video games. We’ve rounded up the most notable missteps into gaming from the biggest tech giants. Visit Business Insider’s homepage for more stories. Remember Apple’s Game Center? How about the video game controller Amazon designed, produced, and sold? You’re forgiven, of course, if you’ve forgotten both: They’re long-abandoned gaming projects from two companies that, frankly, have a lot of other stuff going on. And they’re just two of several major,… Read More

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A handful of multi-strategy hedge funds posted huge gains in the first half this year, bucking the industry’s trend of underperformance

Multi-strategy hedge funds have made massive gains in the first six months of the year aided by the Federal Reserve’s efforts to prop up financial markets, according to the Financial Times. The big winners were: Chicago-based Citadel Advisors, Izzy Englander’s Millennium Management, and Dmitry Balyasny’s Balyasny Asset Management. Their double-digit gains indicate that the pandemic caused a massive split between more prominent hedge funds and the smaller ones. Visit Business Insider’s homepage for more stories. Multi-strategy hedge funds have posted substantial gains for the first half of 2020 despite being unprepared for what hit them in March, the Financial Times reported on Friday. During the start of the pandemic, the… Read More

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The top 9 movies on Netflix this week, from ‘Athlete A’ to ‘Eurovision Song Contest’

“Eurovision Song Contest: The Story of Fire Saga” is a hit on Netflix. Netflix introduced daily top lists of the most popular titles on the streaming service in February. Streaming search engine Reelgood keeps track of the lists and provides Business Insider with a rundown of the week’s most popular movies on Netflix every Friday. Visit Business Insider’s homepage for more stories. “Eurovision Song Contest: The Story of Fire Saga,” the new Netflix comedy starring Will Ferrell and Rachel McAdams, is the streaming giant’s latest hit movie. Netflix introduced daily top 10 lists of its most viewed movies and TV shows in February (it counts a view if an account… Read More

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