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Business News

Location American Business News for 16 March 2020

Startups Race to Shore Up Balance Sheets as Panic Spreads

Wall Street Journal - 16 Mar 2020 16:42
Startups Race to Shore Up Balance Sheets as Panic Spreads Startups are racing to set up contingency plans, shore up their balance sheets with fresh funds, even appealing to customers to just keep buying, as the coronavirus pandemic shuts down whole sectors of the economy.
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Long-Duration Bond Funds Thrive Amid Market Carnage

Wall Street Journal - 16 Mar 2020 14:00
A small group of funds--those that invest in so-called long-duration bonds, or debt with average maturities of over 20 years--is producing outsize returns.
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Starbucks Corp closed its dine-in areas for at least two weeks at its U.S. and Canadian stores and shifted completely to "to go" service, as restaurants look to curb the rapid spread of the coronavirus outbreak.
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Learning To Work In New Ways Amidst The COVID-19 Pandemic During times like this, many are forced to develop new habits and routines to meet their responsibilities to their families and to their employers. The silver lining is, it is during times like this that we find ourselve...
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Muting Coronavirus Anger, China Empowers Its Internet Police

The New York Times - 16 Mar 2020 14:43
Muting Coronavirus Anger, China Empowers Its Internet Police Online enforcers are dragging in hundreds for questioning as an assault on online speech continues. They are a sign how Beijing has given censors a more punitive role.
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Companies around the world are drawing down their credit lines at the same time, forcing banks to cough up large sums of money on short notice and further straining a financial industry already hammered by sinking intere...
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Oil Crash Is Bad News for Regional Banks That Went Big on Energy Lenders are bracing for loan losses and depressed earnings from an oil crash that is hammering the North American energy industry.
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Many Workers Who Need The Most Help Right Now Won't Qualify For It Millions of independent contractors and "gig" workers are especially vulnerable during the coronavirus slump.
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Why Are Markets So Volatile? It's Not Just the Coronavirus.

Wall Street Journal - 16 Mar 2020 23:12
In a shift since the financial crisis, the market today is dominated by computer-driven investors that rely on signals such as volatility and momentum. That is exacerbating selling driven by the pandemic's economic impac...
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Hundreds of US National Guard troops are fighting the coronavirus across 15 different states U.S. National Guard photo by Col. Richard Goldenberg Hundreds of National Guard personnel have been mobilized in 15 different states to combat the coronavirus (COVID-19). "There are about 670 Guard members in 15 states c...
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Cleveland Browns Set To Make Austin Hooper NFL's Highest-Paid Tight End NFL free agency just opened and the Cleveland Browns are already busy.
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Airlines Seek Up to $50 Billion in Government Aid

Wall Street Journal - 16 Mar 2020 19:04
Airlines Seek Up to $50 Billion in Government Aid U.S. airlines are in talks with the government to obtain as much as $50 billion in financial assistance as the coronavirus pandemic to hit flight bookings, according to people briefed on the discussions.
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The founders of mobile multiplayer game Vainglory have started a new game studio, Bazooka Tango, and they have raised $2.5 million.
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The 5 best Amazon deals you can get this Monday

USA Today - 16 Mar 2020 16:59
The 5 best Amazon deals you can get this Monday Start your week off with amazing price drops on workout equipment, portable projectors, Echo Shows, and more at Amazon.       
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Can AMD's Share In The GPU Market Rise 20%?

Forbes - 16 Mar 2020 14:00
Can AMD's Share In The GPU Market Rise 20%? The GPU market size is expected to grow 94% from $18.2 billion in 2019 to $35.3 billion in 2025, and AMD's (NASDAQ: AMD) market share is likely to grow from 25.9% to 31.1% over the same period, primarily due to their inc...
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Sources say Amazon has refused to close 2 Spanish warehouses despite 3 confirmed cases of COVID-19 Susana Vera/Reuters Amazon has confirmed three cases of COVID-19 in two of its Spanish warehouses, according to sources and Spanish media. The company has ruled out shutting down the warehouses, a worker confirmed to Bus...
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IAG Boss Postpones Retirement As Europe Grapples With Coronavirus Crisis The group also announced moves to protect capital and reduce costs during this time of crisis.
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Impossible Foods Raises $500 Million And Braces For Volatility From Coronavirus Impossible Foods raised $500 million, in part to fight volatility related to the Coronavirus pandemic.
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Silicon Valley Ramps Up Efforts to Tackle Virus

Wall Street Journal - 16 Mar 2020 05:13
Silicon Valley Ramps Up Efforts to Tackle Virus The country's tech giants have joined with the White House in a task force to fight the new coronavirus, as Silicon Valley escalates its efforts to tackle the fast-moving pandemic, according to people familiar with the g...
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Oil extended losses on Monday as an emergency rate cut by the U.S. Federal Reserve failed to soothe global financial markets panicked by the rapid spread of the coronavirus while a price war rages on between top producer...
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Stock markets and the dollar were roiled on Monday after the Federal Reserve slashed interest rates in an emergency move and its major peers offered cheap U.S. dollars to break a logjam in global lending markets.
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The U.S. Federal Reserve unleashed new emergency measures on Sunday night to limit the economic harm from the coronavirus, including making it easier for banks to get money and slashing its benchmark borrowing rate to ne...
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