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Business News

Location American Business News for 30 April 2020
How Daniel Theis Became One Of The Biggest Bargains In Boston The Boston Celtics re-signed Daniel Theis to a two-year, $10 million deal last offseason and he has transformed himself into a starting center in the NBA.
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Amazon, Walmart, Target mega-strike: Here’s what to know about the sprawling protest Workers across the pandemic’s front lines plan to strike together this Friday, on International Workers’ Day. Workers across the pandemic’s front lines plan to strike together this Friday, May 1, on International W...
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U.S. Investor Plans Premier League Club Takeover To 'Recreate City Football Group' An American company has unveiled plans to capitalize on the financial impact of the coronavirus pandemic by buying several soccer clubs at a discount.
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T3r Elemento Earn RIAA 8x Multi-Platino Status For 'Aerolinea Carrillo' The corridos verdes crew sees their most popular hit reach a fresh sales milestone.
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CEO Of 480-Store MOD Pizza On 'Surviving To Serve' Its Second-Chance Employees And Social Mission MOD Pizza, which exists to serve its employees (often "second chance hires") and its broader community, has managed to keep nearly all of its 480 restaurants open. An interview with CEO Scott Svenson, who co-founded MOD ...
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A Bookstore Just Shocked Fans and Boosted Sales 200% With Its Brilliant Quarantine Pivot When beloved bookstore and cafe The Wild Detectives had to close alongside most Dallas businesses due to Covid-19 quarantine measures, it faced the daunting challenge of shifting its business to being online-only. So the...
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As Michigan Gov. Gretchen Whitmer's (D) emergency declaration hurtles toward its expiration Thursday at midnight, Republicans are so far refusing...
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OnDeck sharply curtails lending as delinquencies mount

American Banker - 30 Apr 2020 19:44
The online lender reported a hefty first-quarter loss on Thursday and said that a whopping 45% of its small-business loans are past due.
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Stock Market Surge Isn't as Crazy as It Seems

Wall Street Journal - 30 Apr 2020 14:19
The disconnect between the stock market message of glad tidings to capitalists and the economy's slump into the worst performance since the Great Depression is unmissable. Are investors making a horrible mistake?
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Asian stocks rose to a fresh seven-week high on Thursday, lifted by encouraging early results from a COVID-19 treatment trial, though bonds and currencies held cautious ranges ahead of a European Central Bank meeting lat...
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Facebook Inc beat analysts' estimates for quarterly revenue on Wednesday and said it has seen "signs of stability" for sales in April after a plunge in March, in yet another signal that tech giants may weather the corona...
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SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, extending the group's expected net loss to 9...
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What Do US Universities Risk If They Reopen This Fall? University campuses across the country closed in March due to coronavirus safety concerns. Can they reopen safely this fall? Experts weigh in with their opinions.
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The covid-19 crisis exposes the frailties of Germany's biggest firms THE DAX INDEX of Germany's 30 most valuable listed companies holds up a mirror to the world's fourth-biggest economy. The reflection isn't pretty. In mid-March the average "price-to-book" ratio of DAX firms' market capit...
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Donuts Over Burgers: Why Dunkin' Brands Stock Looks More Attractive Than McDonald's McDonald's stock has declined by close to 12.6% since early February after the WHO declared the Coronavirus a global health emergency, while Dunkin' Brands stock has fared worse and lost 21.7% of its value. The lockdown ...
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McDonald's sales fall with 1 in 4 restaurants closed due to COVID-19 McDonald's said earlier investments in digital ordering and delivery have helped it weather declines in in-store traffic. Around 25,000 McDonald's worldwide now offer delivery, while 20,000 let customers order and pay on...
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Google researchers open-sourced an AI model that searches across tables for answers to complex natural language questions.
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Tenants in the US are planning the largest rent strike in decades as the coronavirus cuts off more than 30 million people from their incomes Julie Jammot/AFP via Getty Images Housing organizers and tenants across the United States plan to hold rent strike Friday, May 1. Landlords say a rent strike would disrupt "the entire financial ecosystem." But renters sa...
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Apple has continuously hosted one of the largest cash piles among U.S. companies, but is facing pressure from the Covid-19 pandemic.
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Apple's executives provided an update on the company's second 2020 fiscal quarter following disruptions from the coronavirus pandemic.
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Code4covid Brings Together 1000 Startup Experts To Fight COVID-19 As the reality of COVID-19 started to become clear Jules Decol, Co-Founder & CTO at Chosen along with fellow tech colleagues, knew that tech would play an essential role in minimising the impact of COVID-19 and could ult...
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Visa Posts Higher Quarterly Profit, Beating Projections

Wall Street Journal - 30 Apr 2020 22:51
The coronavirus pandemic hit Visa's business in the March quarter, though the company posted higher quarterly profit and revenue.
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