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Business News

Location American Business News for 7 May 2020

35% Downside For DuPont Stock?

Forbes - 7 May 2020 12:30
35% Downside For DuPont Stock? Despite a 30% decline in DuPont's (NYSE: DD) stock since the beginning of the year, at the current price of around $45, we believe DuPont has a significant downside. Why is that? The key is DuPont's stock is -12% lower t...
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Working Parents, Save Time for Hobbies

Harvard Business Review - 7 May 2020 14:35
Now more than ever, it’s vital to relax, recharge, and reconnect.
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2 McDonald's employees were reportedly shot in Oklahoma City after informing two customers the dining room was closed due to COVID-19 Tim Boyle/Staff/Getty Images Two McDonald's employees were shot in Oklahoma City after some potential customers reportedly became angry that they could not eat inside, KWTV, the local CBS affiliate, reported Wednesday ni...
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Hollywood Hills Mediterranean with the right makeup seeks $5.5 million A Mediterranean Revival-style home once owned by noted makeup artist Percival "Perc" Westmore is for sale in the Hollywood Hills for $5.495 million.
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Neiman Marcus Files For Chapter 11 Bankruptcy

The Huffington Post - 7 May 2020 16:38
Neiman Marcus Files For Chapter 11 Bankruptcy The coronavirus crisis forced the retailer to temporarily shut down dozens of its stores for the past month.
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JetBlue Airways Corp on Thursday posted a $268 million quarterly loss as the coronavirus pandemic hurt air travel demand, and revised its order book with Airbus SE to save $1.1 billion in aircraft spending through 2022.
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I transfer money to my savings account then pretend it doesn't exist, and that strategy paid for a $4,000 European vacation Westend61/Getty Images My savings strategy is simple: I transfer money out of my checking account into an online savings account with a higher rate of return — and then pretend it doesn't exist. I learned this strategy...
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Turkey Blocks Foreign Banks in Attempt to Stem Currency Slide

Wall Street Journal - 7 May 2020 20:11
Citigroup, BNP Paribas and UBS are blocked from processing lira transactions as Turkey's currency hits a record low against the dollar.
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Unskilled American Somehow Still Employed

The New Yorker - 7 May 2020 19:06
Andy Borowitz jokes about the fact that Jared Kushner remains working, even though many millions of other Americans have lost their jobs during his mismanagement of the coronavirus pandemic.
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UFC 249 Preview, Pick And Prediction: Tony Ferguson Vs. Justin Gaethje On Saturday, Tony Ferguson faces Justin Gaethje in the main event of Saturday's UFC 249 pay-per-view card.
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China's Auto Market Rumbles Back to Growth

Wall Street Journal - 7 May 2020 12:05
China's Auto Market Rumbles Back to Growth China's beleaguered auto market likely grew last month from a year earlier for the first time in nearly two years, the government-backed China Association of Automobile Manufacturers said.
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75 Companies Back Facebook Libra's Competitor Celo Celo, a competing project to Facebook’s Libra cryptocurrency, has added 50% more new members to its alliance, bringing the total number of supporting organizations to 75. Some Celo members are also supporters of the Li...
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Companies whose business models bank on people's willingness to share their personal space are now struggling
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Sinclair Broadcasting Agrees to Pay Record Penalty to End FCC Probes Sinclair Broadcasting Group Inc. agreed to a record $48 million civil penalty to settle federal probes relating to its failed bid to take over Tribune Media Co. and other alleged missteps.
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Lenders that scrambled to grant forbearance as the coronavirus pandemic took hold are unsure about the extent of potential losses.
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Lyft shares surge 25 percent amid vows to slash costs Lyft shares surged more than 25 percent after the ride-sharing giant posted higher-than-expected revenue and vowed to slash costs in order to achieve profitability. The San Francisco-based rival to Uber reported first-qu...
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Property and mall owner Brookfield Asset Management is targeting spending $5 billion to help struggling retailers, as the retail industry reels from the coronavirus pandemic, the company announced Thursday.
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The best beach hotels in Los Angeles

Business Insider - 7 May 2020 16:40
The best beach hotels in Los Angeles One of the biggest draws of the Los Angeles area is the region's beautiful beaches and coastline along the cobalt-blue Pacific Ocean. Some of LA's best hotels are found throughout the coastal region, in beach towns like ...
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Brazilian mining company Vale is turning to a U.S. court to obtain information related to its allegations that Israeli diamond trader Beny Steinmetz made undisclosed investments in New York City real estate.
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The EU said it wants to boost the continent's power to fight money laundering following a series of scandals that have made Europe a center of financial crime.
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When Small Investors Ruled the Municipal-Bond World

Wall Street Journal - 7 May 2020 11:30
Municipal-bond purchases of $100,000 or less surged in mid-March as the coronavirus crisis prompted big money managers to dump billions of dollars in bonds.
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A subsidiary of Bloomberg LP agreed to pay $5 million to settle regulatory claims that it executed some clients' stock trades in a way inconsistent with its customer disclosures.
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