Business News
New Jersey Governor Expects Reopening to Begin Within Weeks
The New York Times - 27 Apr 2020 20:34
Gov. Philip Murphy warned that the state faces financial "Armageddon" -- and could be unable to pay teachers, firefighters and police officers.
Amazon's AI uses a microphone array to localize multiple speakers in a room
Venture Beat - 27 Apr 2020 15:00
A team of Amazon researchers proposes a machine learning model that's able to localize multiple sound sources from microphone data alone.
Chinese Regulators Target Luckin Coffee After Fabricating Sales
Forbes - 27 Apr 2020 11:05
Luckin Coffee said China's market regulators are looking into its operations, and the company is assisting with their work.
'Frac Holiday' Means Prolonged Pain for Oil Industry
Wall Street Journal - 27 Apr 2020 19:57
Last week energy speculators got roasted by the plunge in U.S. oil futures prices to negative $40 a barrel as they were forced to take a loss rather than accept physical delivery. Those in the industry already were aware...
Starbucks, Sequoia To Team Up On China Investments
Forbes - 27 Apr 2020 05:33
"China's vibrant environment is a rich ground for entrepreneurship that has seen the emergence of many local innovators"
Investors bet on testing, treatments for restart of U.S. economy
Reuters - 27 Apr 2020 02:57
Investors are pinning their hopes for the reopening of the U.S. economy on the potential for wider availability of testing for COVID-19 cases and on drug trials for treatments of the deadly disease but said, until there ...
When TCM's Ben Mankiewicz & Peter Bogdanovich Get Together 'The Plot Thickens'
Forbes - 27 Apr 2020 18:00
Ben Mankiewicz and Peter Bogdanovich chat about their new podcast 'The Plot Thickens'
UK airlines want coronavirus wage support scheme extended beyond June
Reuters - 27 Apr 2020 09:56
Britain's airlines want the government's coronavirus wage support scheme to be extended beyond June, maintaining the assistance for longer with a only slow recovery in air travel expected.
Six Reasons Active Funds Have Failed To Capitalise On Market Weakness
Forbes - 27 Apr 2020 09:08
Active funds are supposed to make hay in volatile markets, but it hasn't happened yet. What has gone wrong?
Stock Markets in Asia Rise As Investors Eye Reopenings: Live Business Updates
The New York Times - 27 Apr 2020 06:14
The latest on stock market and business news during the coronavirus outbreak.
Asia Markets: Asian markets gain as oil prices fall
Market Watch - 27 Apr 2020 05:44
Asian markets gained in early trading Monday, as oil prices fell and the Bank of Japan met to discuss monetary policy.
Medical company received a $10 million government loan 2 weeks after paying $6.5 million for allegedly overcharging the US for veteran's care
Business Insider - 27 Apr 2020 04:49
Olivier Douliery / AFP / Getty MiMedx Group, a biopharmaceutical company, received $10 million from the government's Paycheck Protection Program two weeks after paying the government $6.5 million to resolve allegations i...
U.S. economy faces historic shock, with 16% joblessness possible, Trump adviser says
Reuters - 27 Apr 2020 03:55
The shuttering of the U.S. economy due to the coronavirus pandemic is a shock of historic proportions that will likely push the national unemployment rate to 16% or higher this month and require more stimulus to ensure a...
Portal From Facebook Salutes Moms With Mother's Day Campaign
AdWeek - 27 Apr 2020 21:15
The new campaign for the Portal From Facebook video-calling devices salutes mothers and their efforts during the coronavirus pandemic as Mother's Day approaches. Facebook said the integrated campaign will include a new t...
Analyst: When Movie Theaters Reopen, COVID May Bump Up Elusive Weekday Attendance
Forbes - 27 Apr 2020 19:42
While the coronavirus pandemic has so far hurt movie theaters, one analyst says that when they reopen, a long-time problem might be solved: low weekday attendance.
Hoarding Is an Upper-Class Pastime
Wall Street Journal - 27 Apr 2020 19:09
People with more money are also more likely to stockpile goods when they read scary headlines.
How The Founder Of House Of Lilac Is Using Dried Flowers To Pivot Her Business
Forbes - 27 Apr 2020 17:41
Melanie Fernandez saw 90% of her revenue stream go out the window when flower distributors were impacted due to COVID-19. Here are the 3 strategies that helped her stay afloat.
On the Adweek Podcast: Creativity in Quarantine and Leadership Within Limits
AdWeek - 27 Apr 2020 17:23
"We all have to admit we're experiencing loss," says clinical psychologist and organizational expert Nicole Lipkin. "But I think with loss comes a rebirth in how we show up after this. Each and every one of us has an opp...
Bitcoin Car-driving Crypto Fan Beats NASCAR Champ in e-Sports Showdown
Crypto News - 27 Apr 2020 16:49
A bitcoin (BTC) aficionado has pulled off a famous cryptocurrency-related e-sports first - by beating a pro-NASCAR driver in a racing game. Bryan Cook, who goes by the name of Boris on Twitter, won his virtual NASCAR rac...
Italian Bonds Rally After Country Avoids Rating Downgrade
Wall Street Journal - 27 Apr 2020 16:17
Italian government bonds rallied after S&P Global left the country's sovereign credit rating at two levels above high-yield status, offering a respite to investors who have grown increasingly concerned about how the nati...
Templafy raises $25 million to help workers create company-compliant documents
Venture Beat - 27 Apr 2020 15:18
Templafy, which helps anyone in a company create new documents while adhering to branding and legal parameters, has raised $25 million.
Covid-19 Dominated Facebook IQ's Topics to Watch for March 2020
AdWeek - 27 Apr 2020 15:00
It came as no surprise that topics related to the coronavirus pandemic dominated the list of Topics to Watch for March 2020 from Facebook IQ. Conversation about disinfectant was up 59.6 times compared with March 2019 and...