Business News
California unemployment call center still struggling to process claims
L.A. Times - 21 Apr 2020 02:32China's Battery-Metals Rush Hits A Speed Bump
Forbes - 21 Apr 2020 04:10
China's rush to dominate the production of the raw materials consumed in electric vehicles has taken a hit as one of its leaders in lithium tries to sell assets to pay down a debt pile.
U.S. Treasury Sends Airlines Coronavirus-Related Financial Aid
Wall Street Journal - 21 Apr 2020 03:38U.S. crude futures up more than $20, but still trade below zero
Reuters - 21 Apr 2020 02:59
U.S. crude oil jumped more than $20 per barrel on Tuesday but still traded below $0 after plunging into negative territory for the first time in history, dragged down by a supply glut and sagging demand for crude due to ...
Mark Cuban on Shake Shack initially taking small business loan: 'You're going to kill your brand'
CNBC - 21 Apr 2020 00:33
"Shake Shack didn't give the money back because they didn't want the money," Mark Cuban said Monday.
For America's Small Truckers, Demand Is 'Falling Off a Cliff'
Wall Street Journal - 21 Apr 2020 19:01Nintendo Switch sales doubled year-over-year in March
Venture Beat - 21 Apr 2020 14:59
Nintendo Switch sales are up 100% year-over-year as gaming fans rush out to pick up the system to entertain their families and play Animal Crossing.
More Bad News for Oil from China
Wall Street Journal - 21 Apr 2020 13:56
The oil market is in disarray. Hopes that China can soak up excess supply as its economy recovers may be misplaced.
Nvidia attempts to move past GeForce Now squabbles
Venture Beat - 21 Apr 2020 02:55
Nvidia has watched as multiple publishers pulled their games from GeForce Now, but the company is ready to move past that with a more stable lineup.
Chipotle earnings top estimates as diners shifted orders online, driving its digital sales up 81%
CNBC - 21 Apr 2020 23:52
Chipotle responded to the Covid-19 outbreak by increasing hourly employee pay by 10% and handing out first-quarter bonuses, despite weaker sales in March.
Snap jumps 20% as coronavirus spurs use in Q1 2020
Venture Beat - 21 Apr 2020 23:42
Snap beat Wall Street estimates for quarterly revenue and user growth for its Snapchat app, as more people stay at home during the coronavirus pandemic.
Hands-on: Apple's $300+ Magic Keyboards turn iPad Pros into business laptops
Venture Beat - 21 Apr 2020 23:34
While Logitech offers a iPad-to-laptop conversion accessory for $150, Apple's iPad Pro version is at least twice as expensive, but not twice as nice.
Senate Passes $484 Billion Interim Relief Package. Here's What's In It--And What's Missing
Forbes - 21 Apr 2020 23:20
The bill will replenish funds for emergency small business lending programs and hospitals. It also shores up funding for national coronavirus testing.
How Did Stable Value Funds Respond To COVID-19 Turbulence?
Forbes - 21 Apr 2020 22:40
Stable value funds are holding up well so far.
Valero Energy Dividend Yield Pushes Past 8%
Forbes - 21 Apr 2020 22:33
In trading on Tuesday, shares of Valero Energy were yielding above the 8% mark based on its quarterly dividend (annualized to $3.92), with the stock changing hands as low as $47.62 on the day.
Negative Price Of Oil Is Telling Us That Bigger Problems Are Afoot
Forbes - 21 Apr 2020 22:24
First negative bond yields, then negative oil prices. Are they connected? What will break next?
New Jersey Brand Gives 1,000 Mattresses To Local Hospitals And Communities
Forbes - 21 Apr 2020 22:13
Home linens company Boll & Branch is giving away mattresses to support COVID relief efforts
Netflix soars after showing huge subscriber gains
CNBC - 21 Apr 2020 22:07
Netflix has ranked among analysts' favorite "stay at home" stocks as many have shifted to remote work during the coronavirus crisis.
How COVID-19 Will Change The Financial World: Ford, The Fed, And The Bond Market
Forbes - 21 Apr 2020 22:05
The Fed has gone where the other central banks have not yet dared to go. It will now buy not just government bonds and "high quality" corporate bonds, it will also buy corporate "junk" bonds. Like Ford's.
Stocks Plunge, Dow Falls 600 Points As Historic Oil Rout Continues And Congress Passes More Small Business Stimulus
Forbes - 21 Apr 2020 22:01
"All hell is breaking loose in oil markets."
Short-Term Bounce Could Be In The Cards For APT Stock
Forbes - 21 Apr 2020 21:24
Alpha Pro Tech (APT) stock's 40-day moving average could help keep it afloat, if past is precedent
AG Barr Threatens DOJ Could Take Action Against States With Strict Coronavirus Rules
Forbes - 21 Apr 2020 21:01
The attorney general warned that some state lockdowns may be infringing on civil rights.