Business News
How Daniel Theis Became One Of The Biggest Bargains In Boston
Forbes - 30 Apr 2020 15:00
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.
Amazon, Walmart, Target mega-strike: Here’s what to know about the sprawling protest
Fast Company - 30 Apr 2020 16:08
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...
U.S. Investor Plans Premier League Club Takeover To 'Recreate City Football Group'
Forbes - 30 Apr 2020 13:35
An American company has unveiled plans to capitalize on the financial impact of the coronavirus pandemic by buying several soccer clubs at a discount.
T3r Elemento Earn RIAA 8x Multi-Platino Status For 'Aerolinea Carrillo'
Forbes - 30 Apr 2020 13:08
The corridos verdes crew sees their most popular hit reach a fresh sales milestone.
CEO Of 480-Store MOD Pizza On 'Surviving To Serve' Its Second-Chance Employees And Social Mission
Forbes - 30 Apr 2020 23:09A Bookstore Just Shocked Fans and Boosted Sales 200% With Its Brilliant Quarantine Pivot
AdWeek - 30 Apr 2020 21:09
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...
Leaked Emails And A Partisan Clash: GOP Fights Whitmer On Emergency Declaration
TPM - 30 Apr 2020 19:57
As Michigan Gov. Gretchen Whitmer's (D) emergency declaration hurtles toward its expiration Thursday at midnight, Republicans are so far refusing...
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.
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?
Stocks rally on treatment hopes, currencies await ECB
Reuters - 30 Apr 2020 04:29
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...
Facebook sees 'signs of stability' in ad spending after coronavirus drop
Reuters - 30 Apr 2020 03:21
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...
SoftBank sees $8.4 billion net loss on WeWork writedown
Reuters - 30 Apr 2020 03:00
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...
What Do US Universities Risk If They Reopen This Fall?
Forbes - 30 Apr 2020 22:48The covid-19 crisis exposes the frailties of Germany's biggest firms
The Economist - 30 Apr 2020 16:54
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...
Donuts Over Burgers: Why Dunkin' Brands Stock Looks More Attractive Than McDonald's
Forbes - 30 Apr 2020 14:30
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 ...
McDonald's sales fall with 1 in 4 restaurants closed due to COVID-19
Chicago Tribune - 30 Apr 2020 14:16Google open-sources AI that searches tables to answer natural language questions
Venture Beat - 30 Apr 2020 23:28
Google researchers open-sourced an AI model that searches across tables for answers to complex natural language questions.
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
Business Insider - 30 Apr 2020 23:15
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...
Apple now has $192.8 billion in cash on hand, down from last quarter
CNBC - 30 Apr 2020 23:15
Apple has continuously hosted one of the largest cash piles among U.S. companies, but is facing pressure from the Covid-19 pandemic.
Apple: Coronavirus hurt Q2 2020 earnings, but teams rose to challenges
Venture Beat - 30 Apr 2020 23:13
Apple's executives provided an update on the company's second 2020 fiscal quarter following disruptions from the coronavirus pandemic.
Code4covid Brings Together 1000 Startup Experts To Fight COVID-19
Forbes - 30 Apr 2020 23:13Visa 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.