Weekly Market Snapshot – July 6th, 2020
Created by: Sam Tenney
- According to a Yelp business review, 41% of small businesses listed on Yelp will be permanently closed after re-opening.¹
- The “Coronavirus housing hardship index” places Nevada as the most impacted state from the virus shutdowns, after the states mortgage delinquency rate rose to 10% and the unemployment numbers barely rebounded to 25%.²
- The US Treasury has taken a 30% stake in military trucking contractor YRC Worldwide in exchange for a $700 million loan. While usually the treasury does not require equity stakes in companies, stake was taken in this company to protect the American public from losses.³
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