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Business News

Location American Business News for 9 May 2020
A week packed with U.S. economic data is likely to provide investors with more evidence of the extent to which the coronavirus pandemic has hit growth, sharpening the debate on whether a rebound in stocks has been justif...
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Chinese Court Rules Bitcoin Is Asset Protected by Law A court in Shanghai, China, has reportedly ruled that bitcoin is an asset protected by Chinese law in a case that has dragged on for years. The case involves a theft of two different cryptocurrencies, one being bitcoin, ...
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2 Arrested in Fatal Shooting of Family Dollar Guard in Flint, Mich. The authorities said the two men had been sought since May 1 in the shooting death of a security guard at the store in Flint, Mich.
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How To Play The Fed For Cheap 5.2% Dividends Let's talk about interest rates, which are plunging.
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A former editor at the Observer says Kushner's claim of coronavirus 'success' stems from his inability to empathize with other people's grief Win McNamee/Getty An editor who worked for Jared Kushner at the New York Observer described him as lacking empathy and unable to understand grief, in a recent Washington Post op-ed. Elizabeth Spiers recounted an incident...
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How to Ace Your First Job After College. Remotely.

Wall Street Journal - 9 May 2020 04:00
The American workplace is suddenly a very different place. New college graduates must adapt if they hope to start careers on the right foot.
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Eight Graduates Plan for an Uncertain World

Wall Street Journal - 9 May 2020 04:00
Many of those leaving college this spring, including a budding epidemiologist have had plans changed by the coronavirus. Members of the Class of 2020 speak about what's next.
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Pfizer Inc said on Friday it is in talks to shift more of its medicine production to outside contractors as it prepares for large-scale production of an experimental vaccine to prevent COVID-19, should it prove safe and ...
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These Two Groups Of Employees Need New Stimulus Checks More Than Most Congress is debating and deciding what types of new stimulus checks it should pass in the next coronavirus relief package. There are two groups of employees who need a second round of stimulus checks more than most. It's...
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Google Will Let Employees Work From Home Until The End Of 2020 Google is the third large tech firm to extend its work-from-home policy well past the summer.
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The Small Business Administration's Inspector General also flagged a number of shortcomings in the implementation of the Paycheck Protection Program.
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IonQ CEO Peter Chapman explains how quantum computing overlaps with Strong AI and potential machine learnign improvements.
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60,000 people headed to Georgia after it allowed some businesses to open -- and it led to the exact scenario researchers warned could make matters worse Jessica McGowan/Getty Images 62,441 people visited from Georgia from neighboring states as the state re-opened some businesses, according to research from the University of Maryland. The biggest influx came from Florida,...
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The inspector general also found the SBA and Treasury Department issued requirements for loan forgiveness that do not align with law.
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The U.S. government's $660 billion program to rescue small businesses hit by the coronavirus pandemic thwarts the intention of Congress by making it hard for some borrowers to convert loans to grants and failing to prior...
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For Renters And Landlords, The Worst Might Be Yet To Come A slate of issues - from lapsing governmental protections to growing unemployment - threatens tenants' resiliency to keep paying rent, which, in turn, jeopardizes property owners' ability to avoid disruptive mortgage def...
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South Dakota Governor demands Sioux tribes 'immediately' remove COVID-19 checkpoints because they interfere with traffic Associated Press South Dakota Gov. Kristi Noem sent letters to two Sioux tribes May 8 demanding they remove all COVID-19 checkpoints within 48 hours or face legal action. The governor said the checkpoints interfere with ...
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The top 7 movies on Netflix this week, from 'Den of Thieves' to 'Dangerous Lies' Netflix This week's most popular movies on Netflix include its original thriller "Dangerous Lies" and "Den of Thieves." Netflix introduced daily top lists of the most popular titles on the service in February. Streaming ...
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At least 3 New York children have died from a mysterious, possibly coronavirus-related inflammatory illness which can cause heart trouble Francesco Pecoraro/Getty Images New York Governor Andrew Cuomo on Saturday said at least three children have died in New York from a rare condition that's being linked to the coronavirus. The illness, called "pediatric m...
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Carlyle, GIC Back Away from AmEx Global Business Travel Deal

Wall Street Journal - 9 May 2020 15:41
Private-equity firm Carlyle Group and Singapore sovereign-wealth fund GIC are backing away from a deal to take a 20% stake in American Express Global Business Travel, whose revenue has plummeted as a result of the corona...
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Investors are rushing into gold to maximise returns during the pandemic, but analysts urge investors to Michael Dalder/Reuters Hedge funds are betting on gold as a way to maximize returns during the unprecedented monetary and fiscal stimulus. But James Richman, chief executive and chief investment officer at JJ Richman sai...
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Skilled active investment managers now have a huge opportunity to add value, writes Mark Hulbert.
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