Business remains ‘largely unaffected’ amid omicron threat

Bumble‘s business has remained “largely unaffected” despite growing concern around the Covid omicron variant, the dating app’s CEO, Whitney Wolfe Herd, told CNBC’s Jim Cramer on Tuesday.

“This is not a stay-at-home stock or a reopening stock only,” Wolfe Herd said in an interview on “Mad Money,” referring to the two broad investment themes that have emerged during the coronavirus pandemic.

“Demand does not change when these variants pop up. Demand does not change with different restrictions. People need love. People need connection,” she added. “That does not go away, irrespective of the changing landscape of this pandemic so our business remains largely unaffected during this new wave.”

Wolfe Herd said Bumble users lean on the dating app’s features in different ways depending on the public-health situation around them.

“We have opportunities on both sides of the coin,” she said.

For example, if a user lives in an

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Philadelphia’s Business Center creates opportunities for small businesses

We spoke during the pandemic and it got real for a lot of small businesses. You guys were helping them navigate pandemic relief funding, and now there’s lots of opportunity coming down the pike. Talk about what’s in the future for small businesses and how they can get involved with the new infrastructure bill.

The new infrastructure bill brings lots of opportunities in public transit, child care, electric vehicles, and just with building. All these areas will be creating jobs, as well as contracts, for those entrepreneurs that are ready to receive them. We are already collecting the information from our public officials, such as Senator Street. His office is seeing the contracts that are available, so we’re planning on doing a workshop around that and then coaching specific businesses on how to fill out the paperwork, where to go, who they need to contact in order to pursue these

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ABD trims developing Asia’s growth forecast on Omicron fears | Business and Economy

Asian Development Bank forecasts slower growth for China and India following emergence of new coronavirus variant.

The Asian Development Bank (ABD) has cut its economic growth forecast for developing Asia for this year and next due to the emergence of the Omicron coronavirus variant.

In its latest outlook published on Tuesday, the Manila-based development bank forecast the region’s emerging economies would grow 7 percent in 2021 and 5.3 percent in 2022, down 0.1 percent from its previous estimate.

The bank cited a resurgence of COVID-19 cases due to the Omicron variant as the biggest risk to the region’s recovery, with other dangers including a prolonged slowdown in China’s housing market, rising inflation and global supply chain disruptions.

Among the major economies looked at, the ABD trimmed China’s growth forecast to 8 percent in 2021 and 5.3 percent next year, down 0.1 percent and 0.2, respectively, from its September estimate.

The

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10 notable people who broke barriers in the business world | Nation & World

DEI—diversity, equity, and inclusion—has come a long way in the workplace and has gone from dream to reality, though many still fight for it. The changes in the labor force didn’t happen overnight. In the 1950s, women were relegated to roles that seemed feminine and focused on nurturing, such as nursing and teaching. High school girls were taught to cook, clean, and sew with the hopes of finding a husband. Minorities, including Blacks, Native Americans, and Hispanics, often saw opportunities for which they were qualified handed to others who were less ethnic, less female, and less diverse. The entrepreneurial spirit did not belong solely to white men though.

The gender wage gap has narrowed, due in large part to gender diversity initiatives in the 1980s and 1990s, and inclusion has come to include people of all ethnicities, cultures, and colors. Companies have made great strides to make sure they include

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