Business News
Zoom's Security Woes Were No Secret to Business Partners Like Dropbox
The New York Times - 20 Apr 2020 11:00
Dropbox privately paid top hackers to find bugs in Zoom's software and then pressed the videoconferencing company to fix them.
Shake Shack Returns $10 Million PPP Loan Amid Criticism Of Restaurant Chains Receiving Stimulus Funds
Forbes - 20 Apr 2020 14:54
"Until every restaurant that needs it has had the same opportunity to receive assistance, we're returning ours."
Disney Parks May Not See A Full Recovery Until Coronavirus Vaccine, Shares Drop 3% On Wall Street Downgrades
Forbes - 20 Apr 2020 17:46
The parks could stay closed until the beginning of 2021, said UBS analyst John Hodulik.
Popdog launches portal for watching game livestreams from Twitch, Mixer, and YouTube
Venture Beat - 20 Apr 2020 15:00
Popdog is unveiling the beta launch of its online destination to aggregate game livestreams and other gaming content from around the globe.
Uncharted Valuation Territory: What Is A Barrel Or An Acre Worth Today?
Forbes - 20 Apr 2020 21:44
Even with Saudi estimations of a 20-million-barrel supply cut, times are tumultuous for the oil and gas industry.
Box Office: 'Green Hornet And Kato' Is Another Risky Reboot
Forbes - 20 Apr 2020 17:40
Seth Rogen's 'The Green Hornet' stumbled way back in 2011, when a star-driven superhero movie opening in January was a much bigger deal than it would be today.
United Airlines posts $2.1 billion loss on coronavirus hit, seeks more federal aid
CNBC - 20 Apr 2020 14:57
United said it lost $2.1 billion in the first quarter, some of the first detail of damage from coronavirus on the airline business.
The U.S. Tried to Teach China a Lesson About the Media. It Backfired.
The New York Times - 20 Apr 2020 02:35
American journalists were showing the world the devastating effects of China's botched response to the coronavirus. Now, many have been kicked out.
Oil price crashes into negative territory for the first time in history amid pandemic
Reuters - 20 Apr 2020 23:00
U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil.
Voters In Key Swing States Back Biden Over Trump, New Poll Shows
Forbes - 20 Apr 2020 16:57
While the former vice president has led in national polls, state-by-state polls have shown the race is neck-and-neck.
Saudi Arabia gets physical with Russia in underground oil bout
Reuters - 20 Apr 2020 16:55
Behind a Saudi-Russian truce to stabilise oil markets with a record output cut, market players are seeing the two production heavyweights still trading blows in the physical market.
Shake Shack, with 189 U.S. restaurants, will return $10 million small-business PPP coronavirus loan
Chicago Tribune - 20 Apr 2020 16:54
Burger chain Shake Shack, which qualified for federal small-business coronavirus loans because its outlets employ fewer than 500 workers each, says it has obtained new funding and will return the stimulus aid.
Halliburton sees bleak North America activity, joins rivals in spending cuts
Reuters - 20 Apr 2020 13:16
Halliburton Co on Monday joined its bigger rival Schlumberger in taking impairment hits in the first quarter and issued a bleak outlook for North America as oilfield providers grapple with an unprecedented decline in oil...
Market Snapshot: Dow futures under pressure Sunday night as investors weigh global lockdown easings
Market Watch - 20 Apr 2020 04:54
U.S. stock-index futures Sunday evening headed firmly lower, in thinly traded weekend action, as investors assessed the staggered plans for the reopening of economies all over the world in the wake of the deadly pandemic...
Trump says he holds a grudge against Mitt Romney and doesn't want his advice on restarting the US economy
Business Insider - 20 Apr 2020 04:05
Getty/Getty Sen. Mitt Romney is the only Republican senator who's not included on President Donald Trump's advisory committee on restarting the US economy amid the coronavirus pandemic. "I have 52 Republican senators," T...
Futures Movers: U.S. oil's May contract skids about 20% at nadir as crude's woes continue
Market Watch - 20 Apr 2020 03:58
The May futures contract for U.S. crude oil extend losses Sunday evening in electronic trade, touching the lowest level since 2001, as fears about a shock to demand due to the coronavirus and worries about a lack of stor...
Banks' digital upgrade plans unshaken by pandemic
American Banker - 20 Apr 2020 03:00
Citizens, Regions and others say business investments initiated before the coronavirus crisis, including technology improvements and new consumer offerings, are on track.
Now Is the Time to Connect With Consumers on a More Human Level
AdWeek - 20 Apr 2020 21:29
Amid the massive uncertainty that surrounds most every part of our lives we can be certain of two things at least: We have more questions than answers, and anyone who suggests otherwise is a shill. And the past provides ...
Oil prices drop below zero for first time ever as COVID-19 kills demand
New York Post - 20 Apr 2020 21:07
Crude oil prices plunged below zero for the first time in history on Monday, with traders actually paying to get barrels of the stuff off their hands as the coronavirus kills demand.
Puerto Rico Reassures Travelers That 'Soon Enough, It'll Be Time for Paradise'
AdWeek - 20 Apr 2020 21:01
The roll of a rising surf; a waterfall crashing on wet stone; a symphony of tropical bird calls. What was once the soundtrack to a tropical vacation is now a welcome relief in your social media feeds to the sounds inside...
Once Global Norwegian Shrinks Home Amid Coronavirus Crisis
Forbes - 20 Apr 2020 20:52
Once a threat to traditional airlines, with its alternative long-haul, low-cost model, the shrinking of Norwegian is nearly complete.
Why NYC's largest emergency hospital is pretty much empty
Business Insider - 20 Apr 2020 19:15
The coronavirus has led to jam-packed hospitals across New York City. When Gov. Andrew Cuomo announced the opening of an emergency field hospital at Javits Convention Center, healthcare workers expected it to take pressu...