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Sharp drops in Apple, Facebook and other big technology companies ended a miserable week on Wall Street on another sour note. The S&P 500 gave back 1.2%, sealing back-to-back weekly losses and the second straight losing month for the benchmark index since March. Surging coronavirus cases in the U.S. and Europe have spooked investors into dumping riskier assets. Washington's failure to deliver badly needed aid to the recession-struck economy and uncertainty about the presidential election have also cast a pall on markets. The drops in several high-flying Big Tech stocks came after those companies issued uncertain outlooks for the future.On Friday, the number of coronavirus cases in the US rose to 9 million since the start of the pandemic. Many states are seeing record levels of cases and hospitalizations associated with the virus. 854

Shante Wilkerson bought her first used phone in 2016, and she’ll never go back to buying new.“I can’t justify it financially,” she says. “If a new phone isn’t free, I don’t get it.”But carriers no longer hand out free phones in exchange for a two-year contract. Instead, customers now pay the full retail price — anywhere from 0 to ,000 for the latest smartphone — in monthly installments over 18 to 24 months. You’re not locked into a contract like before, but you still need to pay the remaining balance on your phone if you cancel your service.That’s a lot of money. Buying a used phone can cut your device costs in half, but the appeal of purchasing a pre-owned phone goes beyond price.The benefits of buying used 740

Smash Mouth says they've received hate mail from fans after taking part in a concert during an event that's since been linked to the spread of more than 100 cases of COVID-19.The band performed an Aug. 9 concert at the Sturgis Motorcycle Rally in South Dakota in front of a closely-grouped crowd. Many of those in attendance were not wearing masks. During the performance, lead singer Steve Harwell was heard saying, "f*** that Covid s***."In the weeks since the event, at least 103 cases of COVID-19 have been linked directly to the Sturgis rally. And while it's unclear how many of those cases (if any) are linked directly to the Smash Mouth concert, the band has faced criticism since its performance.Earlier this week, the band posted a video of "recent fan mail" that they've received. It included an expletive-filled note calling the group "selfish," along with a smashed CD.Note: The Instagram post below contains explicit language. 947

SOLANA BEACH, Calif. (KGTV) -- Solana Beach’s alternative to San Diego Gas and Electric appears to be in store for financial headwinds. A new city report says that the Solana Energy Alliance could run at a deficit for the next two years, which look to be more challenging than originally forecast. The city launched the alliance in June to help the city reach its goal of 100 percent renewable energy by 2035 and provide competition to SDG&E. Currently, more than 90 percent of Solana Beach energy and businesses buy their electricity from the alliance. It saves them about 2 percent from SDG&E. “They’re definitely stepping into deep water to try to do this themselves,” said Solana Beach resident Ed Radcliffe. “I hope they do it right.”Solana Beach City Councilman Peter Zahn said overall the energy program is healthy. It has high enrollment and is paying off expenses from the launch. He said it had higher revenues than expected while also having higher expenses than expected. Zahn said the report examined the alliance’s first three months, so it’s still early. He added a big hit came from a recent Public Utilities Commission decision to hike the exit fees residents pay SDG&E to buy it elsewhere. The Solana Beach city report says the fees could rise by as much as 50 percent. “While we are not happy with some of the factors that have influenced this - like the exit fee - we are really optimistic about going out into the future,” Zahn said.The report said higher energy prices and lower SDG&E electricity generation rates are also impacting revenue.In October, the city of San Diego announced plans to create its own alternative to SDG&E, called a Community Choice Aggregator. A spokesman for Mayor Kevin Faulconer says comparing Solana Beach’s organization to what is in store in San Diego is apples to oranges. That’s because the city would have a much larger group of customers, hence buying power. The San Diego program could launch in 2021. 1988

SPRING VALLEY, Calif. (KGTV) — Even though the tables and chairs are empty, the pit-masters at Cali Comfort BBQ are keeping busy.The kitchen and bar are filling takeout and delivery orders, thanks to increased online and phone sales."As restaurant owners, we can't discriminate how people eat our barbecue," says Owner Shawn Walchef. "If they want to order barbecue delivered to their office or the little league field, then they should be able to get that. They shouldn't have to come and wait in line."It's a new strategy Walchef is using during the pandemic, thanks to his partnership with Restaurant Solutions, a consulting firm that helps small restaurants analyze their financial prospects."What we've been doing is really focusing on doing break-even analysis with our clients," says Sydney Lynn, the Director of Planning Advisory Services with the company.She says restaurants need to focus on people's digital experience now more than ever, so restaurants can be profitable during and after the Pandemic."Restaurant entrepreneurs and owners are the most creative and innovative folks you'll know. So if anyone can pivot, it will be them," says Lynn.Restaurant Solutions has four strategies they say can help the restaurants turn a profit every day during the pandemic:1. Find your break-even point by learning how much money you can expect per customer.2. Analyze your budget and look for ways to cut. This could include layoffs.3. Adjust your menu to see if you need to increase prices or cut items to streamline the kitchen.4. Bring your brand into the digital space, emphasizing the customer experience on the website, app, and social media.Walchef says that means treating every customer online with the same hospitality you would if they came into the restaurant."It can't be a transaction. It has to be something where there's a heart," he says. "If there's nobody there, and your digital experience is just a fake facade, (a customer) might order a burger one time from a virtual restaurant. But if you don't know that there's an actual owner, that there are actual people there making this food, it's going to be very unlikely that you order from them again."Lynn says it's a challenge, but restaurant owners have faced other challenges in the past."If they go back and remember how they were able to make it through that first year of opening, they're going to be able to make it through this as well." 2428