Steal of the week
■■ Yelp reported that 140,000 businesses remained closed as of June 15 because of the pandemic. Some 41 percent of those businesses have shut down permanently.
MarketWatch.com
■■ A Francis Bacon triptych sold for $84.6 million with fees at Sotheby’s inaugural digitally streamed “live” auction.
The New York Times
■■ Following the U.S. annual stress tests for the biggest banks, Goldman Sachs is required to set aside $4 billion of additional capital to guard against an economic crisis. All of the banks will be prohibited from buying their own shares.
BreakingViews.com
■■ Netflix announced that it would put $100 million, or 2 percent of its $5 billion in cash holdings, into blackowned community banks, including $25 million for a new Black Economic Development Initiative.
Axios.com