Giving Thanks

November 23, 2020

State Chamber Update

Later this week we’ll celebrate Thanksgiving. For me, that means seeing my three college-age kids and enjoying a terrific meal. Others, however, are hurting because of a job loss, limited work hours and less income, or an illness like COVID or something else. Whatever the case, there are State Chamber members around the state who are offering food, shelter and more for those in need. There are others, too, who similarly serve our neighbors. Please consider reaching out to any one of those organizations and donate your time, talent, food or resources to help those who may be struggling this Thanksgiving. View a list of our nonprofit members here.

And don't forget to #ShopLocal as we celebrate Small Business Saturday this weekend. It's more important then ever that we support our local restaurants and businesses this holiday season.

Thank you, for all you do. Go safely.

Disruptors

Today we explore numbers 45 and 46 on the CNBC list:

Guild Education: Guild Education is a Denver-based edtech firm that helps Fortune 500 companies such as Disney, Walmart, Taco Bell and Lowe’s offer debt-free degrees to their employees. It offers debt-free tuition for employees so that they can get the education and pick up the skills they’ll need for today’s in-demand jobs. Learn more >

Robinhood: Many young investors, some of whom had never invested in stocks before, looked at the coronavirus market rout in March as a major buying opportunity. Robinhood benefited from that foray. The Menlo Park, California-based fintech reported that it opened a whopping 3 million new accounts in the first quarter of this year, half from first-time investors. They were driven by cheaper prices and the ability to execute trades of nearly any size on almost any smart device. Learn more >

News You Can Use

Thanksgiving week is always light on economic news, and this year is no exception. Later today, Chicago Fed President Charles Evans speaks. On Tuesday, we’ll see September numbers for the Case-Schiller home price index, and consumer confidence data for November. The short week of economic news with a flurry on Wednesday with jobless data, durable goods orders information for October, new home sales for October, personal income, consumer spending and core inflation, also for October.

Michael J. Quaranta

President

Delaware State Chamber of Commerce

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