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Business News

Location American Business News for 19 May 2020
Lizzo Covers The Beatles for Facebook's Ad Launching Messenger Rooms Facebook is staking a bigger claim on 2020's video chat boom with newly expanded features--and an ad backed by serious star power. The 30-second spot, "Pictures" from agency Leo Burnett and Facebook's Creative X studio, ...
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New Pharma Company Lands $354 Million Government Contract To Produce Coronavirus Drugs In The U.S. Newly launched Phlow Corp. gets second government contract this month to manufacture drugs and active pharmaceutical ingredients in the states.
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As COVID-19 Butchers U.S. Meat Supply, PE Beefs Up Distribution Activity COVID-19 is forcing the closure of dozens of large meatpacking plants as employees get sick and labor shortages ensue. Some investors see opportunity in the problems facing industrial meat production.
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Maximum coronavirus loans for large firms increased to £200m Companies that use extended scheme to be banned from paying dividends to investors Coronavirus - latest updates See all our coronavirus coverage The government has raised the limit companies can borrow through its busine...
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3 days after listing, retired WGN anchor Steve Sanders sells Lakeview house for $1.5 million Sanders had no trouble finding a buyer for the house on an extra-wide lot. He had bought it new in 2016 for $1.7 million.
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The Nasdaq And Dow Are Fighting Again. Here's What It Means. The "market" is fighting with itself like Blue and Red politicians.
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Renault to cut 400 jobs at its Slovenia unit

Reuters - 19 May 2020 15:44
French carmaker Renault plans to cut about 400 out of some 3,200 jobs at its Slovenian unit Revoz after the coronavirus epidemic hit demand for its products, Revoz said on Tuesday.
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Tesla Owners Try to Make Sense of Elon Musk's 'Red Pill' Moment A liberal status symbol now has a founder who is moving to the right.
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The Future Of JCPenney: A Look At Its Strengths And Weaknesses Can the company come out of bankruptcy and be profitable?
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Global Stocks Follow U.S. Higher on Coronavirus Vaccine Hopes

Wall Street Journal - 19 May 2020 05:35
International markets rose, after U.S. stocks surged on hopes that a new vaccine could help combat the coronavirus pandemic.
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Elon Musk hikes the price of Tesla's "self-driving" option by $1,000 and says it will continue to rise.
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The Long Term Burdens Of Family-Owned Real Estate Poor or nonexistent planning can turn long-term family ownership of real estate into a headache for everyone involved.
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'American Idol' Alum Gabby Barrett On Scoring One Of The Biggest Country Hits Of 2020: 'It's A Wonderful Feeling' "I Hope" may be just the first hit single from Barrett, who says her debut album will drop later this year.
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Next Wave of Stimulus Payments Hinges on Reopening Economy

Wall Street Journal - 19 May 2020 11:30
Next Wave of Stimulus Payments Hinges on Reopening Economy Many House Democrats, seeing a slow return to normal and a protracted economic downturn, contend that it is crucial to get money out again. Many Republicans, however, predict a rapid economic recovery and say aid should ...
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Walt Disney's top streaming executive, Kevin Mayer, will leave the entertainment and theme parks giant to become the chief executive officer of TikTok.
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Erling Haaland Shows His Promise As The Next World Superstar Erling Haaland shows his class yet again, and why he is one of the best youngsters in the world.
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Let's Create An Economic Infrastructure For The Gig Economy A partnership between the public, private, and nonprofit sectors is necessary in order to provide gig workers with the traditional employment support they need.
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San Francisco's Sexiest New Residence Offers Posh Virtual Real Estate Tours Four Seasons Private Residences at 706 Mission is the hottest real estate offering in San Francisco this year, with 146 private residences just steps from the San Francisco Museum of Modern Art. Amidst the coronavirus cr...
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Ad Industry Couple Raises Over $20,000 to Help Formerly Incarcerated New Yorkers The coronavirus pandemic has left incarcerated people at particular risk, navigating increased exposure with scant resources for protection. Due to the risks of contamination, those transitioning out of prison face disti...
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Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin found themselves in the hot seat on Tuesday as U.S. lawmakers grilled them about the uneven nature of the fiscal response to the fallout from the ...
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Growth Stocks Outperforming Value by Widest Margin in Decades

Wall Street Journal - 19 May 2020 18:14
Shares of fast-growing companies are racing past their value peers by the widest margin since the dot-com era.
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Walmart, The Home Depot Post Successful Quarters Despite COVID-19 Pressures Two major essential retailers have reported their Q1 2020 results, and they display these companies' strength in the face of the COVID-19 crisis: Walmart's same-store sales grew 10% during the quarter, while e-Commerce s...
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