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Business News

Location American Business News for 18 April 2020
Tax Guy answers reader questions about the $1,200 payments many Americans will receive under the CARES Act.
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Goldman Sachs' hotel the Conrad a respite for pandemic heroes On any other Friday evening in mid-April, "The Loopy Doopy" rooftop bar at the Conrad Hotel in Battery Park City would be abuzz with Goldman Sachs bankers wrapping bright blue blankets around their shoulders while sippin...
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Microbt Reveals Two Next-Generation Mining Rigs With Speeds Up to 112 Terahash Competition is heating up in the world of bitcoin mining rig manufacturing. Just recently, the Chinese producer Microbt has announced the launch of the M30S++ miner that processes speeds up to 112 terahash per second (TH...
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Walmart is now requiring all US employees to wear face masks and will encourage customers to wear them while shopping Photo by Al Bello/Getty Images Walmart will require all US employees to wear face masks starting on Monday. The company will also encourage customers to wear masks or other facial coverings while shopping. Visit Business...
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Buying A Home During The Pandemic? Don't Expect Your Everyday Home Purchase Buying a house doesn't look like it once did. Since the COVID-19 outbreak worsened in mid-March, the real estate industry has had to adapt, leaning on technology like never before.
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P&G's Results Show Coronavirus Has Given The Upper Hand Back To Traditional CPG Giants Coronavirus has changed the way consumers shop and boosted demand at big CPG giants such as Tide parent P&G.
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Over two frantic weeks, the U.S. government pledged $350 billion to Main Street businesses across America desperate for cash after coronavirus lockdowns.
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Ford Motor Co on Friday raised $8 billion from corporate debt investors to shore up its cash reserves as the coronavirus outbreak pummeled vehicle sales and production, resulting in an estimated loss of about $2 billion ...
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Trump's 'Greater Recession' Is Coming

Forbes - 18 Apr 2020 18:14
Trump's 'Greater Recession' Is Coming Incoming economic data is worse than the Great Recession's. While President Trump didn't create the coronavirus, his Administration's slow response has led to a greater economic impact than if policies had been put in pl...
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A golden chamber buried under a mountain in Japan contains water so pure it can dissolve metal, and it's helping scientists detect dying stars Kamioka Observatory, ICRR (Institute for Cosmic Ray Research), The University of Tokyo The Super-Kamiokande neutrino detector is a physics experiment the size of a 15-story building, buried under a mountain in Japan. Neu...
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Yes, there are even some in the energy sector.
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Paul O'Neill, Former Treasury Secretary and Alcoa CEO, Dies

Wall Street Journal - 18 Apr 2020 15:50
Paul O'Neill, Former Treasury Secretary and Alcoa CEO, Dies Mr. O'Neill had been under treatment for lung cancer, and his death early Saturday at age 84 was unrelated to coronavirus.
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Welcome to Wall Street Insider, where we take you behind the scenes of the finance team's biggest scoops and deep dives from the past week. If you aren't yet a subscriber to Wall Street Insider, you can sign up here.See ...
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Some banks won't press on card payments for now

New York Post - 18 Apr 2020 15:02
Some banks won't press on card payments for now If you can't pay your credit card because you lost your job owing to the coronavirus pandemic, your card company might help. Depending on the card, the issuer might let you skip a month, waive fees or extend your credit ...
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Hot Property: The $30-million mansion that once got Prince in hot water A Hollywood Hills mansion that the late pop star Prince was once sued over is back up for sale at about $30 million. Also: Lee Iacocca's Bel-Air estate has sold, and Eli Broad has relisted his Malibu compound at $75 mill...
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Will You Get A Second Stimulus Check?

Forbes - 18 Apr 2020 03:44
Will You Get A Second Stimulus Check? Yes, please.
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"I think where we have to focus right now is let's take care of the little guys. They're critical to this economy," Tom Donohue told CNBC.
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Amazon.com has started to use thermal cameras at its warehouses to speed up screening for feverish workers who could be infected with the coronavirus.
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Illinois Gov. Pritzker Secretly Bought Medical Supplies From China. And The White House Is Not Happy. "I wanted to make sure that we received what we ordered," Pritzker said.
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Contrarian Alert: 3 Big Yields In An Out-Of-Favor Sector I'm going to show you how to find fat dividend opportunities in washed-out sectors.
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A digital dollar -- why, how, and why now

Venture Beat - 18 Apr 2020 21:12
To mitigate shocks to the economy, we must speed up the ability to store and transfer value -- to make and receive payments .
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The Big Stock Market Problem: The Small Caps Aren't Keeping Up The small caps fell further and have not recovered nearly as fast nor as far as the S&P 500 and the NASDAQ Composite.
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