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Business News

Location American Business News for 6 May 2020
Big gains in small caps stocks are fueling hopes that a bounce in broader equity markets may stick, as investors ponder how quickly the U.S. economy can emerge from its coronavirus-fueled slowdown.
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Citigroup spins off proxy-voting startup Proxymity

American Banker - 6 May 2020 18:39
The company, backed by eight major players including JPMorgan Chase and State Street, lets investors vote virtually on corporate matters -- a service that has grown more popular during the coronavirus pandemic.
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Chinese Bank Tries to Calm Storm Over Investors' Oil Losses

Wall Street Journal - 6 May 2020 13:29
A top Chinese bank is trying to reach a deal with investors caught out by negative oil prices, after plans to hold individuals accountable for losses greater than their original investments drew scrutiny from regulators ...
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An alarmingly disproportionate number of black Americans are dying from the coronavirus, more and more research shows Crystal Cox/Business Insider Black Americans are getting COVID-19 and dying at disproportionately high rates, a growing body of research suggests. A new report shows that counties in which at least 13% of residents are b...
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Bitcoin Is a Digital Asset Says Intermediate People's Court in China A court dispute between an international couple and four Bitcoin robbers has come to an end.
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Droga5 and Meek Mill Amplify the Voices of Prisoners Facing Covid-19 Risks Behind Bars Droga5 has used the voices of real prisoners in a powerful new campaign to raise awareness of the coronavirus risk to inmates living in communal conditions for the Reform Alliance. "Answer Their Call" aims to sound the a...
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How Germany Kept Its Factories Open During the Pandemic

Wall Street Journal - 6 May 2020 16:20
How Germany Kept Its Factories Open During the Pandemic Strict safety rules, testing and contact tracing enabled the country to do something that has eluded most other major developed economies: keep manufacturing running without suffering major outbreaks.
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Top MBA Programs Split on Whether Accepted Students Can Skip the Fall Business schools are weighing whether to allow admitted students to postpone enrollment by a year or two.
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S&P Global Ratings revised the outlook on 13 U.S. banks to negative from stable and said the coronavirus pandemic will hit hardest those most exposed to industries such as commercial real estate and consumer lending that...
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Nets GM Says Kevin Durant's Potential Return This Season Is '$110 Million Question' When, and if, the NBA returns this summer, could Kevin Durant suit up for the Brooklyn Nets?
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Lyft reports its first-quarter results on Wednesday after the bell.
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Facebook and UC Berkeley researchers propose payload-carrying drone flight planning that "learns how to learn" models of environmental dynamics.
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Oil's 'Relief Rally' Stalls after Prices Double

Wall Street Journal - 6 May 2020 16:36
The rally raises hopes--but not confidence--that the mounting fuel glut won't overwhelm the world's capacity to store oil.
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SPONSORED DEALS: Quarantine hurting sales? Reel in more customers with these affordable plugins
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Smart home startup Wink announced that customers will lose functionality if they opt not to subscribe to the company's new service plan.
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"We feel very confident that we have the infrastructure in place to deliver long-term, sustainable growth," Papa John's CEO Rob Lynch told CNBC.
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Facebook said it will cancel its 2020-2021 AI Residency program due to the coronavirus pandemic, but it remains committed to offering it when possible.
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Zynga reported record revenue and bookings in the first quarter ended March 31 as more people turned to social mobile games while in self-isolation.
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Stocks Finish Negative After Oil Gives Up Gains Stocks were down slightly after a mixed day of trading.
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FINTECH ACCELERATORS: An inside look at top banks' accelerator programs -- how they work, what success looks like, and what it means for the future of financial services This is a preview of the Business Insider Intelligence Fintech Accelerators premium research report. Purchase this report here. Business Insider Intelligence offers even more fintech coverage with our Fintech Briefing. S...
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In many countries, 5G already surpasses Wi-Fi in average download speeds, but many U.S. customers are stuck with 5G performance below home Wi-Fi levels.
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Think Twice Before Cashing Your Dead Grandma's Stimulus Check Stimulus checks received for individuals who died before the check was issued should be returned, and failure to do so may result in being sued by the IRS for a refund.
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