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Business News

Location American Business News for 20 May 2020
Actress Amy Carlson Plays A Music Exec In Her Latest Movie (And In Real Life) In addition to her acting career, Carlson played an important role in Frenchkiss Records, a New York City record label founded by her husband Syd Butler.
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VW pulls Instagram ads after racism row

BBC - 20 May 2020 20:14
The German car giant has apologised and withdrawn a series of adverts after a racism row.
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EasyJet passengers whose card details were stolen say they are frustrated by the airline's response.
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Costly SoFi Stadium Gets A Financial Handout From NFL Hey buddy, can you spare $500 million? Fortunately for Los Angeles Rams owner Stan Kroenke the answer from the NFL was "yes."
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Luckin Coffee craters 45% after month-long trading halt as traders sell ahead of stock delisting (LK) Zhang Peng/LightRocket/Getty Images Luckin Coffee cratered as much as 45% on Wednesday after a month-long trading halt on the stock was lifted. The company was originally halted on April 7 after it announced that senior ...
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Unboxing CAULIPOWER: The Disruptive Brand Behind The Better-For-You Comfort Food Revolution CAULIPOWER Is leading the better-for-you comfort revolution beyond their famous cauliflower pizza with chicken tenders, cauliflower-based tortillas and Sweet PotaTOASTs.
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Music-Loving Parents Seek Relief From Kidz Bop and 'Frozen'

Wall Street Journal - 20 May 2020 15:00
Music-Loving Parents Seek Relief From Kidz Bop and 'Frozen' Locked-down parents are using music to entertain their kids--but they are starting to lose their own minds as they endure repeated songs from animated movies, cloying Kidz Bop covers of pop hits and viral dance videos.
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Bitcoin Price Unfazed by 50-BTC Transaction From Satoshi-Era Wallet Most likely an old miner from 2009 -- not Satoshi -- just moved 50 BTC mined merely one month after the first Bitcoin block was mined.
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Holidays within UK could return by July, says minister Culture secretary Oliver Dowden says government has ambitious plans to revive tourism sector Coronavirus - latest updates Brits flock to beaches as lockdown eases Holidays within the UK could return as early as the begin...
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Walmart's coronavirus-related efforts cost the retail giant hundreds of millions in the most recent quarter, and the current quarter is on track to have a similar hefty price tag.
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The Road Ahead for Retail; Lizzo Covers The Beatles for Facebook: Wednesday's First Things First Welcome to First Things First, Adweek's daily resource for marketers. We'll be publishing the content to First Things First on Adweek.com each morning (like this post), but if you prefer that it come straight to your inb...
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This tool could help hospitals struggling to repair their equipment amid COVID-19 iFixit has launched a collection of medical device repair manuals for everything from ventilators to hospital beds, to help technicians keep equipment up and running. The repair-manual site iFixit unveiled a database of ...
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OCC to overhaul CRA rule as Otting plans to leave agency

American Banker - 20 May 2020 02:48
The final regulation will significantly revise a December proposal, responding to concerns from stakeholders. Meanwhile, in a surprising move, the regulator who had championed the reforms is expected to resign this week.
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The healthcare giant faces thousands of lawsuits from consumers claiming talc caused their cancer.
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Alabama, North Dakota And South Carolina To Debut Apple And Google's Covid-19 Contact Tracing The app will give users a notification when they have been near someone who has been infected with the coronavirus.
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The lessons from the 2008-9 financial crisis, at least according to Democrats, were don't be afraid to go big and don't be afraid to go fast. But that playbook doesn't apply this time around, say two prominent Republican...
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How To Interpret Saudi Wealth Fund's $2 Billion Splurge On Big Oil Stocks Acquisition of minority stakes by Riyadh's sovereign investment arm in major oil and gas companies may be opportunistic but also points to the sector's medium-term bankability.
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CNBC's Diana Olick breaks down how purchase applications are rising in the housing sector.
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Hertz Lenders Brace for Losses From Formerly Triple-A Bonds

Wall Street Journal - 20 May 2020 18:32
Bonds backed by Hertz Global Holdings' fleet of rental cars had the same credit rating as the U.S. government just a few weeks ago. Now the company's financial woes are stoking fears that investors are headed for a loss.
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Stitch Fix Needs a Refresh

Wall Street Journal - 20 May 2020 17:07
The fashion styling service's business is likely to weather the pandemic, but it may need a new model.
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Researchers' Suggestion To Limit Head Shots In Football: Stand Up Two neurotrauma researchers at Purdue University suggest that requiring offensive linemen to start every play in a standing position would reduce the amount of head-to-head contact they absorb by 40% or more. They found ...
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5 reasons slide presentations suck today more than ever In an era of endless virtual meetings, it’s time to (finally) say goodbye to the tired slideshow presentation. Slides have always been a cop-out. Read Full Story
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