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Private-equity giant Carlyle bought a stake in a startup that uses AI to judge how much you smile in interviews, and now it’s offering the tech for free to its portfolio companies

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As businesses shut down amid the coronavirus pandemic, a record number of Americans have been left jobless. Under shelter in place conditions, people are still looking for work and businesses are still looking to hire. Private equity giant The Carlyle Group bought a majority stake in HireVue last year, and it’s offering HireVue’s platform to...
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Cooley LLP is cutting the length of its summer associate program to 6 weeks as other top law firms delay start dates. Here’s everything we know.

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Law firm Cooley LLP is cutting the length of its summer associate program from 10 to six weeks, with a new start date June 15, the latest law firm to confirm to Business Insider that it is delaying its start date because of the novel coronavirus.  Other law firms that have confirmed a delayed, June...
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Cash App, Venmo, and Zelle are offering to help the US government send stimulus payments to consumers

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This story was delivered to Business Insider Intelligence Payments & Commerce Briefing subscribers earlier this morning. To get this story plus others to your inbox each day, hours before they’re published on Business Insider, click here. Square’s Cash App, PayPal’s Venmo, and bank-owned Zelle have all contacted the US government to offer to help it...
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Dow slips 175 points as investors weigh the continued spread of coronavirus

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US stocks slipped Tuesday as investors weighed a longer-than-expected recovery from the escalating coronavirus outbreak. The losses came as major banks revised their second-quarter GDP projections lower, citing a record jump in unemployment claims and severe financial tightening.  The Dow Jones industrial average is on track for its worst first quarter in history, while the...
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$1.5 billion ZipRecruiter just laid off hundreds only days after the CEO told employees the business wasn’t impacted by the coronavirus

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Online job-hub company ZipRecruiter laid off 443 employees and furloughed dozens on Friday, just a few days after the CEO said in an all-hands meeting that the company was on track to hit its second-quarter revenue goals and wouldn’t be affected by the coronavirus.  The cuts hit across departments, including engineering and about two-thirds of...
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An unprecedented wave of layoffs, what you need to know about the stimulus bill, and what comes next

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Hello! This was the week that the economic toll of the coronavirus pandemic really became clear. On Thursday, the Labor Department revealed that around 3.3 million Americans filed for unemployment benefits in the week ending March 21, a record high. As Joseph Zeballos-Roig reported, the true unemployment number is likely much higher.  The scale and...
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