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Business News

Location American Business News for 18 May 2020

Gold Continues To Outperform S&P 500

Forbes - 18 May 2020 21:44
Gold Continues To Outperform S&P 500 Gold has been an attractive investment this year, with global monetary printing now well above $10 trillion when you consider both monetary and fiscal boosts.
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Hertz Names Paul Stone as CEO

Wall Street Journal - 18 May 2020 16:17
Hertz Names Paul Stone as CEO Hertz named Paul Stone as its president and chief executive, effective Monday, at a time when the decimation in global travel has battered the car-rental industry.
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JCPenney Enters Chapter 11 Bankruptcy, Seeks Financing To Continue Operations JCPenney has filed for Chapter 11 bankruptcy protection and entered a restructuring support agreement with lenders holding approximately 70% of its first lien debt. The company plans to reduce its debt by several billion...
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Asian shares were led higher by S&P 500 futures on Monday and oil prices hit a five-week peak as countries' efforts to re-open their economies stirred hopes the world was nearer to emerging from recession.
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Tamar Adler gives recipes for pancakes and crackers made with sourdough starter, and talks about its uses beyond making loaves of bread.
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Retail sales growth fell to new depths in April as the pandemic continues Business Insider Intelligence and eMarketer are now Insider Intelligence, a digitally-focused research company from Insider Inc. Learn more about what we offer. This story was delivered to Business Insider Intelligence P...
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Oil prices climbed by more than $1 a barrel on Monday to their highest in more than a month, supported by ongoing output cuts and signs of gradual recovery in fuel demand as more countries ease curbs imposed to stop the ...
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Minority-Owned Small Businesses Struggle To Gain Equal Access To PPP Loan Money According to a survey released Monday, only 12% of minority-owned small businesses were able to secure the loans they requested.
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The US Postal Service now has 5,000 employees in quarantine and only enough cash to last through September Scott Olson/Getty Images The US Postal Service needs funding to help it stay afloat, or else it will run out of money in about four months' time. A new aid package proposed by House Democrats includes $25 billion of dire...
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Sanitizing Newbie? Take a Lesson From a Hog Farmer

Wall Street Journal - 18 May 2020 17:25
Sanitizing Newbie? Take a Lesson From a Hog Farmer Showers, disinfectant and clean side-dirty side rules: Agriculture's biosecurity protocols double as anti-coronavirus practices.
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Amex Platinum versus the Amex Gold: Which rewards credit card is better for you? Alyssa Powell/Business Insider If you want to earn Amex Membership Rewards points to book travel, both the Platinum Card® from American Express and the American Express® Gold Card are great options. They're both on the...
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President Donald Trump is again considering cutting off funding to the World Health Organization, administration officials said, in a possible shift from a prior plan to restore partial funding to the group.
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Apple Back Open For Business: Face Masks Mandatory Apple has reopened near 100 of its stores globally.
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Canadian Air Force jet participating in flyover crashes in residential neighborhood, killing 1 and injuring 1 AP Photo/Julie Jacobson A Canadian Air Force jet participating in a flyover dubbed "Operation Inspiration" crashed into a residential neighborhood in Kamloops, British Columbia, on Sunday at around 11:42 a.m. local time....
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The best makeup removers

Business Insider - 18 May 2020 23:47
The best makeup removers It's good for your skin to remove makeup every night, but it can be a pain without the right makeup remover. Bioderma Sensibio H2O Micellar Water is our favorite makeup remover because it's fast, effective, foolproof, an...
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Stocks bounced back Monday on optimism after drugmaker Moderna released promising early results for a coronavirus vaccine.       
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Everything New To Stream On Netflix, Hulu, And Amazon Prime This Week--Including 'The Flash' And Patton Oswalt's New Stand-Up Special This week, Netflix, Hulu, and Amazon Prime will premiere new movies and television shows. Here's every one of them.
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Be Careful Handling White-Hot Moderna Shares

Wall Street Journal - 18 May 2020 16:57
Even highly encouraging news about a possible vaccine doesn't remove risks to hot biotech stocks with high price tags.
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While Vaccine Hopes Dominate Monday, Rest Of Week Has Retail Earnings In Focus It's exciting to see this early vaccine data, but investors need to keep things in perspective. These are early results and there's a long way to go. Having a vaccine would be incredible, but it wouldn't immediately solv...
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Tesla allowed to restart 'full production' in California after contentious battle with county officials, company execs tell employees (TSLA) Benjamin Zhang/Business Insider Tesla is reopening production at its Fremont, California factory this week, according to a letter obtained by the San Francisco Chronicle. The facility has been a point of contention betwe...
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Alibaba's Jack Ma to Leave SoftBank Board On June 25 Ma, who has a fortune worth $41.8 billion today on the Forbes Real-Time Billionaires List, stepped down as chairman of China e-commerce heavyweight Alibaba last year to focus on philanthropy.
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Devcom and Gamescom have revealed more details about how they're responding to the pandemic by staging digital-only gaming events.
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