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Business News

Location American Business News for 27 April 2020

New Jersey Governor Expects Reopening to Begin Within Weeks

The New York Times - 27 Apr 2020 20:34
New Jersey Governor Expects Reopening to Begin Within Weeks Gov. Philip Murphy warned that the state faces financial "Armageddon" -- and could be unable to pay teachers, firefighters and police officers.
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A team of Amazon researchers proposes a machine learning model that's able to localize multiple sound sources from microphone data alone.
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Chinese Regulators Target Luckin Coffee After Fabricating Sales Luckin Coffee said China's market regulators are looking into its operations, and the company is assisting with their work.
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'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...
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Starbucks, Sequoia To Team Up On China Investments "China's vibrant environment is a rich ground for entrepreneurship that has seen the emergence of many local innovators"
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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 ...
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When TCM's Ben Mankiewicz & Peter Bogdanovich Get Together 'The Plot Thickens' Ben Mankiewicz and Peter Bogdanovich chat about their new podcast 'The Plot Thickens'
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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.
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Six Reasons Active Funds Have Failed To Capitalise On Market Weakness Active funds are supposed to make hay in volatile markets, but it hasn't happened yet. What has gone wrong?
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Stock Markets in Asia Rise As Investors Eye Reopenings: Live Business Updates The latest on stock market and business news during the coronavirus outbreak.
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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.
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Medical company received a $10 million government loan 2 weeks after paying $6.5 million for allegedly overcharging the US for veteran's care 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...
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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...
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Portal From Facebook Salutes Moms With Mother's Day Campaign 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...
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Analyst: When Movie Theaters Reopen, COVID May Bump Up Elusive Weekday Attendance 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.
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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.
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How The Founder Of House Of Lilac Is Using Dried Flowers To Pivot Her Business 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.
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On the Adweek Podcast: Creativity in Quarantine and Leadership Within Limits "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...
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Bitcoin Car-driving Crypto Fan Beats NASCAR Champ in e-Sports Showdown 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...
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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...
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Templafy, which helps anyone in a company create new documents while adhering to branding and legal parameters, has raised $25 million.
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Covid-19 Dominated Facebook IQ's Topics to Watch for March 2020 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...
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