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Business News

Location American Business News for 4 April 2020
'MTV Unplugged' Announces New At Home Livestream Series 'MTV Unplugged at Home' superstar lineup grows with Shaggy, Alessia Cara, Jewel, Melissa Etheridge, Monsta X, Bazzi, CNCO and FINNEAS performing across MTV's social platforms globally.
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Warren Buffett's Berkshire Hathaway sold nearly $390 million worth of Delta and Southwest shares this week Kevin Lamarque/Reuters Warren Buffett's Berkshire Hathaway sold nearly $390 million worth of shares in Delta Air Lines and Southwest Airlines this week, new SEC filings show. The billionaire investor's company cut its st...
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How '30 Under 30' Startup The Clear Cut Sells Custom Engagement Rings Via Instagram And Zoom With many retailers and jewelry stores having to rethink their physical spaces, The Clear Cut is able to sustain their business via social and through their one-to-one direct-to-consumer concierge approach.
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Walmart Employees Are Featured in New Spot Set to Enduring Song 'Lean on Me' A new Walmart ad begins airing today featuring its employees singing Bill Withers' 1972 classic "Lean on Me" as a message of hope during the coronavirus pandemic. Walmart said it recently became aware of a video posted b...
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Airlines Apply for Government Aid but Say Outlook Is Dire

Wall Street Journal - 4 Apr 2020 03:30
Airlines Apply for Government Aid but Say Outlook Is Dire Several U.S. airlines say they still need more cash. "We know we still haven't seen the bottom," one carrier's CEO said.
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JPMorgan sees surge in coronavirus cases after pressuring traders to go to work: report JPMorgan pressured its traders to come into work despite a coronavirus outbreak on its Midtown trading floor, a new report alleges — and now nearly two dozen traders are sick and another 65 are in quarantine. In just t...
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The Price Of Gold And The Price Of Bitcoin

Forbes - 4 Apr 2020 22:28
The Price Of Gold And The Price Of Bitcoin Over the past 2 or 3 weeks, the cryptocurrency has come back strong after a long period of decline.
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NBA Season Possibly In Jeopardy After Events In China Despite Mark Cuban's Optimism The Chinese Basketball Association is further delaying the resumption of its season. How it restarted games was seen as a model for the NBA.
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The Trump Organization laid off 1,500 people after it closed over a dozen properties due to the novel coronavirus pandemic Astrid Riecken/Getty Images The Trump Organization has laid off or furloughed around 1,500 employees as a result of closures related to the novel coronavirus, the Washington Post reported. The move mirrors those made lik...
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By Rania El Gamal, Alex Lawler, Vladimir Soldatkin and Laila Kearney
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A union official accused Exxon Mobil Corp on Friday of using "scare" tactics and exploiting economic uncertainty caused by the coronavirus pandemic in negotiations with workers at its Baytown, Texas, refinery, allegation...
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Homemade mask sellers have get creative as the CDC sets new guidelines Mask makers are seeing an increased demand in home made face masks as the CDC advises all Americans to wear non-medical masks.       
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Wall Street's main indexes fell more than 1.5% on Friday as the coronavirus abruptly ended a record U.S. job growth streak of 113 months, intensifying fears of a deep economic slowdown.
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Small Business Owners Frustrated With Failed Paycheck Protection Program Launch Small business owners are frustrated at the failed launch of the Payment Protection Program, the small business loan program included in the CARES Act stimulus bill. Banks were not prepared to handle the number of applic...
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With so much consumer reliance on mobile apps, it's easy to hope app developers will be shielded during the current crisis. But they won't.
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Dating While Isolating: How Video Chat Is Shaking Up The Industry The pandemic has at least temporarily completely rewritten the rulebook, with some dating businesses better equipped than others to re-position themselves following an almost-overnight transformation of social norms.
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Intellivision Entertainment's Amico retro video game console is proving popular with gamers who are anticipating its October launch.
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Here are 10 important considerations for business leaders who are going through this kind of struggle for the first time.
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Malaysia Becomes the Next Country to Approve Cryptocurrency Exchange Amid Covid-19 Crisis Malaysia’s Securities Commission has given full approval to a cryptocurrency exchange operator to legally operate in the country despite the nationwide lockdown due to the coronavirus pandemic. Recently, Japan also app...
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OPEC Meeting Is Delayed as Saudi and Russian Tensions Flare

The New York Times - 4 Apr 2020 16:34
OPEC Meeting Is Delayed as Saudi and Russian Tensions Flare The meeting, planned for Monday, had buoyed hopes for a quick deal to end the turmoil in oil markets.
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Here's why the depleted cruise line industry will be one of the biggest losers of the new $500 billion corporate bailout program Jorge Delgado/Reuters The $2 trillion stimulus package contained a substantial pot of money for bailouts of large corporations and businesses. But the cruise line industry will be left out since the largest companies are...
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Walmart to limit customers in stores to encourage social distancing Walmart will begin limiting the number of customers inside stores Saturday to encourage social distancing amid the coronavirus pandemic. Only five customers per 1,000 feet will be allowed in, and workers will be tasked w...
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