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Business News

Location American Business News for 12 March 2020

The Man Behind the Plan to Remake FedEx

Wall Street Journal - 12 Mar 2020 11:30
The Man Behind the Plan to Remake FedEx Raj Subramaniam has orchestrated the company's embrace of online deliveries, capping his rise from marketing analyst to next likely CEO.
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Buffett and Occidental: We've Seen This Movie Before

Wall Street Journal - 12 Mar 2020 12:30
Occidental boss Vicki Hollub's hubris delivered a rich payday to Warren Buffet's Berkshire Hathaway in an echo of its deal with Dow Chemical in the financial crisis.
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Nine Years Later, 312 Day Still Brewing Strong Back in 2011, the brewers at Goose Island Beer Co. were getting antsy, as Chicago winter's can be brutal, so in the middle of March, they decided to take the day off and enjoy Chicago's pre-Spring weather.
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A Guarded Generation: How Millennials View Money and Investing

Wall Street Journal - 12 Mar 2020 06:05
The Great Recession and college costs have left young adults loaded with debt and cynical about the markets.
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Champions League: Paris Saint-Germain Overcome Dortmund And Mental Barrier The French champions overturned a first-leg deficit to reach the last eight.
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Roku Axes Its Live NewFronts Presentation

AdWeek - 12 Mar 2020 20:56
Roku Axes Its Live NewFronts Presentation More companies are bowing out of their live presentations at NewFronts. Roku, the connected TV player and platform that is slated to present at the NewFronts for the first time this spring, has opted to cancel its in-per...
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U.S. stock futures dipped late Wednesday, as President Donald Trump addressed the nation following another steep selloff on Wall Street that snapped a more-than-decade-long bull market for the Dow.
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The coronavirus is officially a pandemic. Here's what that means, and 8 other outbreaks that got the designation -- or should have. Jason Redmond/Reuters The World Health Organization (WHO) declared the new coronavirus outbreak a pandemic on Wednesday. The last time the WHO declared a pandemic was in 2009 when H1N1 flu swept the globe. Here are all t...
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Built For Sports Tourism, Atlanta Will Be Hit Hard Without Final Four Atlanta became a sports mecca the last 20 years. The hotels and restaurants around Mercedes-Benz Stadium will take a substantial hit without the Final Four.
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Robin Wright writes about the positive ways that people around the world are adapting to the spread of the coronavirus, and what it might mean for future outbreaks.
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7 movies that have been drastically impacted by the coronavirus, from 'Mulan' to 'No Time to Die' MGM The coronavirus, which has killed more than 4,000 people, has impacted Hollywood movies. "No Time to Die" and "Peter Rabbit 2" have faced release changes. Other recently released and upcoming movies won't be released...
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More coronavirus challenges for banks; RBS delays

American Banker - 12 Mar 2020 14:08
Bankers express confidence despite coronavirus concerns, while consumers ponder cash needs; U.K. will hold off unloading its 62% stake in bank.
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The Business World Wakes Up to a Pandemic

The New York Times - 12 Mar 2020 13:20
The Business World Wakes Up to a Pandemic Businesses are adjusting to a new reality in which everyday social interactions are altered, travel is restricted and general economic activity is limited.
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Derby's Take: How Much Could Fed Balance Sheet Grow? Quite A Lot How much bigger could the Fed's balance sheet get if the central bank decides to put the pedal to the metal with stimulus bond buying? Much, much bigger, at least in theory.
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Comedian-turned media mogul Byron Allen makes $8.5-billion bid for TV station owner Allen's company, Allen Media Group, would finance the deal with a combination of equity and debt.
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A wild week on Wall Street could get even wilder

New York Post - 12 Mar 2020 04:14
A wild week on Wall Street could get even wilder By now you probably understand why stock market bubbles are dangerous. Bubbles are especially unstable when they are caused by the Federal Reserve keeping interest rates artificially low for a very prolonged period of ti...
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Global shares were set for a rocky ride on Thursday as investors tally the economic damage of coronavirus, a day after the U.S. Dow Jones industrials entered bear market territory and world health officials declared the ...
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Wall Street Plunge Stresses Banks, Treasury Markets

Wall Street Journal - 12 Mar 2020 02:09
The rout is adding to pressure on U.S. banks as the retreat of investors from risky assets saddles lenders with securities they are struggling to sell at desired prices.
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GUEST: Digi-Capital's AR/VR Analytics Platform tracked $4.1 billion in AR/VR investment in 2019, the third-highest virtual reality investment and augmented reality investment year on record after 2017 and 2018. However, ...
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Super League Gaming, an esports company that holds events for amateurs, reported that it lost $30.6 million in 2019, on revenues of $1 million.
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A new wearable hardware-camera-software bundle will enable front line screeners to check body temperatures without using their hands or thermometers.
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Amazon's AI predicts context from search queries

Venture Beat - 12 Mar 2020 22:05
Amazon researchers describe in a new preprint paper an AI and machine learning system that predicts activities from search queries.
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