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Business News

Location American Business News for 8 May 2020
Ari Emanuel's Hollywood talent agency WME to cut 300 jobs The bad news keeps on coming at WME, Ari Emanuel’s glitzy Hollywood talent agency. Formerly known as William Morris Endeavor, the agency that represents stars like Dwayne "The Rock" Johnson, Rihanna, Matt Damon and Chr...
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Self-Driving Unicorn Zoox Shops For A Buyer Zoox, the well funded self-driving start-up whose test ride I wrote about earlier this week, is reported by "The Information" to be shopping itself for sale.
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Cash Dividend On The Way From Exxon Mobil

Forbes - 8 May 2020 16:20
Cash Dividend On The Way From Exxon Mobil On 5/12/20, Exxon Mobil will trade ex-dividend, for its quarterly dividend of $0.87, payable on 6/10/20.
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UFC 249 Preview, Pick And Prediction: Henry Cejudo Vs Dominick Cruz Henry Cejudo puts his UFC bantamweight title on the line against Dominick Cruz in the co-main event of the UFC 249 PPV card.
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Trump's Removal Of Troops From Saudi Arabia Is Also About Oil Here's how oil plays into the U.S. decision to remove troops from Saudi Arabia.
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A Bleak Landscape for Lowest Paid Workers

Wall Street Journal - 8 May 2020 17:39
A Bleak Landscape for Lowest Paid Workers In recent years, the only jobs many unskilled workers could find that weren't vulnerable to automation and outsourcing involved manual labor, personal contact, and low pay. Now, even those havens are being blown apart.
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Wunderman Thompson ECD Takes on Global Creative Leadership Role at Uber Uber's latest campaign is precisely the opposite of what one may surmise the company is all about. The ride-hailing behemoth, in a counterintuitive message, is asking people to stay home. Of course, these are not normal ...
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J.C. Penney could close almost 200 stores. Here’s what to know about the rumored bankruptcy The rumor mill has been churning on J. C. Penney’s impending demise for weeks now. J.C. Penney is running low on pennies. The storied, 118-year-old department store is preparing to file for bankruptcy as early as next ...
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The Terrible Jobs Report Gets Worse The More You Read It Remember last month, when the jobs report was bad but not apocalyptic? Those were the days. The most recent jobs report is a stunning picture of how the pandemic has reshaped the country’s labor market. Overall, 20.5 m...
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U.S. and China Negotiators Pledge to Implement Phase One Trade Deal The top trade negotiators for the U.S. and China talked on the phone Friday, pledging to create favorable conditions for the phase one trade deal, China's state-run Xinhua News Agency reported.
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Baeksang Arts Awards Announces Nominees And Plans To Proceed Without An Audience The Baeksang Arts Awards, honoring outstanding achievements in the South Korean entertainment industry, has announced its 2020 nominees.
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News Corp Posts Lower Revenue Amid Declines in U.K., Australia News Corp said revenue declined 7.8% in its latest quarter as strong digital gains at Wall Street Journal parent Dow Jones were offset by weakness at its foreign-news and entertainment operations.
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What Aspiring Entrepreneurs Can Learn From 'Seinfeld'

Wall Street Journal - 8 May 2020 16:02
What Aspiring Entrepreneurs Can Learn From 'Seinfeld' Cosmo Kramer's many failed ideas are fodder for understanding what makes for a successful startup.
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Asian shares rose on Friday as a phone call between U.S. and Chinese officials raised hopes that trade tensions were easing,
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As Bitcoin Tests $10K, Experts Answer: 'Where to From Here?' With Bitcoin rallying to test $10,000, Cointelegraph reached out to several top crypto analysts to get their take on what the halving means for Bitcoin's price.
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Bitcoin Price Touches $10K Amid 2020's Macroeconomic Storm and Covid-19 Fears On May 7, 2020, the price of a single bitcoin crossed $10,000 per unit in USD value as the network only has four days until the halving, otherwise known as the “quantitative hardening” by some investors. The cryptocu...
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37 of the best graduation gifts you can give to upcoming high school or college grads Graduation season gives friends and family the opportunity to make a big life change — like graduating from school and entering a career — easier and better. Whether they're leaving high school, college, or a master'...
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'Concierge doctors' who charge the ultrawealthy $10,000 a month for house calls and easy access to coronavirus tests have been cast as the villains of the pandemic. We talked to 6 of them to hear what they think the real problem is. Lisa Larkin MD & Associates Ultrawealthy and sometimes asymptomatic Americans are using concierge doctors to access COVID-19 tests amid a nationwide shortage. The doctors, whose monthly fees can range up to $10,000 a mon...
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The U.S. Labor Department said the pandemic cost 20.5 million jobs in April, pushing the unemployment rate to a post-World War II high and deepening the economic crisis, while in New York, a child died of a rare conditio...
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The Quant Taking On Climate Change

Wall Street Journal - 8 May 2020 19:44
Robert Litterman was a legendary quantitative investor at Goldman Sachs. Now, as an adviser to federal regulators, he is urging action to manage the risk of global warming.
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The Federal Reserve also said in a supervisory report released Friday that it would conduct stress tests this quarter as planned, taking into account sudden deterioration in the economy brought on by the coronavirus pand...
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CEO Mark Penn on How MDC Partners Is Weathering the Pandemic Mark Penn, CEO of MDC Partners, said the holding company's agencies--which include 72andSunny, Anomaly and Doner--have, on average, reduced payroll by 10% in response to the business impact of Covid-19. "Each company rea...
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