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Business News

Location American Business News for 26 May 2020
Nike's Anthem of Hope; Spam's Big Moment: Tuesday'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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'Beyond Outrageous': Journalists Press Twitter Over Trump Tweets NBC's Tom Brokaw joined colleagues calling on Twitter CEO Jack Dorsey to remove tweets suggesting MSNBC's Joe Scarborough was involved in a woman's death years ago.
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Explaining a layoff caused by COVID-19: Ask HR

USA Today - 26 May 2020 13:00
Don't worry, hiring managers will understand that many workers were laid off or furloughed during the COVID-19 pandemic, Johnny C. Taylor Jr. says.       
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The bank is trying to recover millions of dollars in returned deposits. It also has a $14 million loan to the company that allegedly conducted the scheme.
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Despite Chaos, Real Estate Data Shows New Yorkers Are Not Selling Their Homes There were 79% less homes for sale in the first week of May than at the same time in 2019, according to StreetEasy.
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Distressed Real Estate Market Beckons Opportunistic Buyers

The New York Times - 26 May 2020 15:00
Distressed Real Estate Market Beckons Opportunistic Buyers Investment firms are sitting on "a staggering amount of dry powder" as they wait for big property discounts brought on by the pandemic.
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Surrey-based supercar maker McLaren is cutting about 1,200 jobs from its workforce as it deals with the COVID-19 pandemic, Sky News reported on Tuesday.
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This new brand solves the most annoying thing about making your bed This shockingly simple design tweak makes changing your duvet cover a breeze. Every time I make my bed, there’s that awkward moment when I climb inside my duvet cover and worry about how to get back out again. I’ve c...
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The New York Governor's statements on Monday about coronavirus projections raised eyebrows, and revealed something particular about his leadership style.
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Georgia Gov. Brian Kemp (R) has clearly recovered from the utterly devastating blow President Trump dealt his ego last month....
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Adweek Together: Marketing for a Secure Future Insurance companies have been a consistent and valuable advertiser during the pandemic. But how have they adapted their marketing message and what are the results? Today we're joined by Jenn Halloran, CMO of MassMutual, ...
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Germany's Big Airline Bailout Is a Mixed Blessing

Wall Street Journal - 26 May 2020 15:12
Airline giant Lufthansa has gotten most of what it wanted from the German government. For investors, that is both a relief and a problem.
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Shopify's Blurred Lines Are Hard to Hate

Wall Street Journal - 26 May 2020 12:00
At the start of this year, Shopify may have been the biggest company investors outside of technology had never heard of. Now, the company is in a position too relevant to ignore.
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Walmart de Mexico paid $358 million in taxes after talks with the Mexican government over an even larger sum authorities had aimed to charge the retailer for the sale of a restaurant chain, the company said on Monday.
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Column: Moderna execs sold $29 million in stock after its early vaccine announcement Within 48 hours of Moderna's vaccine announcement, its execs sold $29 million in shares.
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Oil Rallies on Hopes for Economic Recovery

Wall Street Journal - 26 May 2020 16:03
Oil prices climbed, rising alongside stocks with more states and countries easing lockdown measures and boosting demand for fuel.
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BitAmp - The Next New Open Source Wallet

Bitcoin.com - 26 May 2020 15:00
BitAmp - The Next New Open Source Wallet With the recent rise of Bitcoin prices and the Bitcoin halvening, new entrants into the cryptocurrency field may wonder where they can self-custody their Bitcoin in the most secure way. BitAmp’s Emphasis on Privacy and...
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Stock Market Boost: Unemployment Outlook Shifts To Positive The unemployment trend, no longer rising, now looks ready to decline
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Pinterest Pushes Into Online Grocery, Letting Users Buy Ingredients on the Site The rise in home cooking during the coronavirus pandemic has been accompanied by a rise in online grocery ordering, and the combination has proven beneficial to Pinterest. In January, the company rolled out a new ad form...
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Discovery, Science Channel Take Their Own Moon Shot With NASA-SpaceX Launch Programming Discovery and Science Channel are trotting out stars like Katy Perry, noted astronauts, science influencers and others for their live simulcast of Wednesday's launch of a NASA-SpaceX manned rocket to the International Sp...
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Airline Stocks Buoyed by Easing Travel Restrictions, State Aid

Wall Street Journal - 26 May 2020 14:42
Global airline stocks rallied following signs of more government support for the aviation sector and the loosening of travel restrictions in some countries.
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As more businesses reopen amid the coronavirus pandemic, dental practices are considering enhanced measures to clean their facilities and equipment, as well as protect their patients and staff.
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