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Losses are mounting and cash is running short at MoviePass.Helios and Matheson, the owner of the subscription movie service, posted a 6.6 million loss in the second quarter, dwarfing its .7 million loss in the year ago period. It lost 2.47 a share.The company's latest government filing also presented a picture of just how rapidly Helios and Matheson is spending money on the service.It has burned through more than 9 million in cash since the beginning of the year. Most of that money, more than 0 million, has been spent in the last quarter.Meanwhile, the company's cash reserves are dwindling. It has only .5 million in cash on its balance sheet, plus another .7 million held by payments processors. Helios and Matheson warned that "without raising additional capital, there is substantial doubt about the company's ability to continue as a going concern." 888
Many small businesses are struggling after the pandemic shut down a number of industries. Recently, more than 2,400 small businesses gave their thoughts on how various levels of government are helping them during this tough time.Nate Chai, who heads up the Pro Engagement Team at Thumbtack, says "the purpose of the survey is really to find out how small businesses across the country feel about the public policies that they're working with at the local, state and national levels. Do they feel supported? Do they feel the right policies are in place? Are things changing year-over-year for them?"Thumbtack, an online company that connects people with local independent professionals in industries like construction, wellness and music, conducts a small business friendliness survey every year. This year, they wanted to check in with the small businesses on their site to see how they were doing amid this COVID-19 pandemic."What we did notice is that there were strong divergent between how many felt their states and local governments were doing versus what they saw from the federal government. To put that in perspective, we saw many states score A, A- or B in terms of that local response but at the federal level people almost universally what people were seeing was not good enough," said Chai.Chai says overwhelmingly, small business owners gave the federal government an F when it came to their response. "We saw several states earn Fs and unfortunately the worst of those, starting from the bottom up were Arizona followed by Oregon, Missouri, Georgia and Tennessee," said Chai. The highest ranked states were Vermont, which received an A+, followed by A ratings for Rhode Island, Connecticut, Massachusetts and an A for Maryland. Gerard Cassagnol, the Engineering and Operations Manager for Trevor Technical Solutions in Maryland, took part in the survey."It started off really good here in Maryland. They were very proactive in how to address the pandemic. What I basically mean is they were going by the science," Cassagnol said. Cassagnol says the funding, though, from State and Federal levels, was lacking, as well as information and guidance about programs and how to operate has been inconsistent. Cassagnol says before the pandemic, 80 percent of his company's revenue came from work from the government. Over the last three months, that dwindled down to 5 percent, putting his business in a dire state and prompting him to lay off staff. "It's a survival instinct right now that we're operating on," said Cassagnol.Of the roughly 2,400 businesses that took the survey, 65 percent had only one employee, in that the person owned their business and works alone; 28 percent had two to five employees and the remaining six percent had more than six employees."Given what’s going on, it's a great time to consider reaching out to small businesses if you’ve got those projects on the back burners, and finding ways to support small businesses if you have the means," said Chai."We've got to find a solution to this. America is going to suffer ultimately if the small business isn't there," said Cassagnol. Thumbtack is encouraging people to support their local businesses in any way they can right now as many feel uncertain when or if they will recover from this economic downturn. 3306

Miami-Dade County, Florida, will close all of its beaches from July 3 through July 7 amid an outbreak of COVID-19 in the Sunshine State, Mayor Carlos A. Gimenez announced on Friday.The closures are for beaches in all cities and unincorporated areas of Miami-Dade. Gimenez said the closures could extend beyond July 7 if need be.Florida has seen a sudden surge of coronavirus cases this week, prompting the state to prohibit bars from serving alcohol on site.Gimenez said firework shows can still go on during the Fourth of July weekend, but must be viewed away from the beach.“Everyone should wear masks inside public establishments and outside if they cannot practice social distancing of at least 6 feet,” Gimenez said in a statement. “I have been seeing too many businesses and people ignoring these lifesaving rules. If people are not going to be responsible and protect themselves and others from this pandemic, then the government is forced to step in and restore common sense to save lives.”Florida Gov. Ron DeSantis closed the state’s beaches in late March, after images of packed beaches over the Spring Break period went viral. Beaches reopened throughout the state last month as coronavirus cases seemingly leveled off both in Florida and nationally.On Friday, Johns Hopkins University said that nearly there have been 40,000 new coronavirus cases, marking the most in the US since the pandemic began. 1420
LOUISVILLE, Ky. -- Senate Majority Leader Mitch McConnell says there will be a peaceful transfer of power if Joe Biden wins the 2020 presidential election.When asked by WLEX's Karolina Buczek if a peaceful transfer of power would take place once the election is settled and the former vice president ends up winning the Electoral College, McConnell responded with "of course" on Friday. 394
MEXICO CITY (AP) — Authorities in the western Mexico state of Jalisco say they believe three film students missing since last month were killed and dissolved in acid.The Jalisco Attorney General's Office says two men have been arrested and there are arrest orders for four others in the case.The students were abducted March 19 on the outskirts of Guadalajara after working on a film project for school at a location that was apparently being watched by members of the Jalisco New Generation cartel.Authorities said at a news conference Monday that the students were taken to another location where one was beaten to death. Then the other two were killed.Prosecutors say the bodies were taken to a third location, where investigators believe they were dissolved in sulfuric acid. 787
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