Business News
Raymour & Flanigan halts reopening plans after Post exposé
New York Post - 29 May 2020 01:51
Furniture peddler Raymour & Flanigan has halted efforts to reopen its stores in New York after The Post wrote about the controversial practice, staffers said. "We were told that we are on 'pause' and will get an update l...
As people embark on summer vacations, this city preps for surge in tourism -- not coronavirus
NBC News - 29 May 2020 12:01
"I've definitely heard locals grumble about tourists not wearing masks, as if they're on vacation, so they're on vacation from the coronavirus, as well," a food bank manager said.
Kip Moore On The Release Of 'Wild World' During A Pandemic: 'Music Can Be A Source Of Healing And Escapism'
Forbes - 29 May 2020 15:00Netflix buys Hollywood's famed Egyptian Theatre
New York Post - 29 May 2020 20:25
Netflix has finalized a deal to buy Hollywood’s historic Egyptian Theatre for an undisclosed price, capping a transaction that was in the works for over a year. The deal marks a major milestone in Netflix’s effort to...
Frontier Communications: Chapter 11 Is No Protection
Forbes - 29 May 2020 17:05How to change the currency on Google Maps for accurate regional prices
Business Insider - 29 May 2020 22:33
Shutterstock You can change the currency that Google Maps shows you by heading to the "Region Settings" menu. Google Maps will show you the currency that's native to the region you're located in, so you'll have to change...
New 'Star Wars: Maverick' Game Could Be Revealed Next Week
Forbes - 29 May 2020 19:55SoftBank Vision Fund head Rajeev Misra's pay doubled in 2019 amid company losses
New York Post - 29 May 2020 18:58
SoftBank Vision Fund's head, Rajeev Misra, saw his total pay for the past business year more than double to 1.6 billion yen ($14.8 million), even as the fund's underperformance pushed SoftBank to a record $13 billion ope...
Nordstrom Clears Low Bar for Clothing Retail
Wall Street Journal - 29 May 2020 16:17
Online sales weren't enough to protect Nordstrom from a precipitous revenue drop, but the clothing retailer seems to have what it takes to come out of the crisis in decent shape.
Renault factory worker spared layoffs - for now
Reuters - 29 May 2020 15:00
Giovanni Pili, a worker at a Renault factory in France, was on Friday savoring the fact that he was not laid off in a global shakeup at the carmaker, and trying not to think too much about the uncertain future facing his...
Virgin Australia's administrator to shortlist two bidders early next week
Reuters - 29 May 2020 06:57
The administrator of Virgin Australia Holdings Ltd said it expected to shortlist two preferred bidders early next week after parties confirmed non-binding indicative proposals to acquire the airline on Friday.
How to cancel HBO Go through your cable service provider
Business Insider - 29 May 2020 04:35
Omar Marques/SOPA Images/LightRocket via Getty Images You can't cancel HBO Go through HBO directly like you can HBO Now, a standalone subscription service. HBO Go is packaged through your cable or satellite TV provider, ...
Target is closing 24 stores in Minnesota 'until further notice' amid looting and protests following the death of George Floyd
Business Insider - 29 May 2020 03:03
Star Tribune via Getty Images Target is closing 24 stores in Minnesota "until further notice" amid protests against the death of George Floyd. Photos and videos showed people looting Target stores in Minneapolis-St.Paul ...
Slaughterhouses reopen but farmers still euthanizing pigs
Chicago Tribune - 29 May 2020 21:56
Meatpacking plants that had to briefly close due to coronavirus outbreaks have been back up and running for weeks, but production backlogs are forcing farmers to euthanize thousands of hogs that can't be processed, drawi...
Oil surges 5% on U.S.-China trade optimism, falling crude output
Reuters - 29 May 2020 21:55
Oil prices soared on Friday, with U.S. futures closing out May with record monthly gains, on hopes that the U.S.-China trade deal would remain intact and on falling crude production.
Digital Yuan Will 'Co-exist' with Alipay, WeChat Pay - China Telecom
Crypto News - 29 May 2020 04:00
A China Telecom executive has hinted that the digital yuan and third-party payment apps will likely co-exist in the same financial ecosystem - although he stopped short of saying whether or not the forthcoming central ba...
Oil prices fall as U.S. fuel demand remains weak
Reuters - 29 May 2020 03:17
Oil prices edged lower on Friday after U.S. inventory data showed lacklustre fuel demand in the world's largest oil consumer while worsening U.S.-China tensions weighed on global financial markets.
Salesforce cuts annual estimates on COVID-19 hit
Reuters - 29 May 2020 00:38
Salesforce.com Inc cut its annual revenue and profit forecasts on Thursday, as the cloud-based business software maker allowed clients to defer payments and provided its sales team one-time commissions amid the COVID-19 ...
Market Wrap: Bitcoin Slides, Stocks Tread Water on Trump China Comments
Coin Desk - 29 May 2020 23:22
Stocks across Asia and Europe took a dip Friday and so did bitcoin in anticipation of Trump's comments on "deeply troubling situations" in Hong Kong.
SCOTT GALLOWAY: Top US colleges' insistence on keeping tuition costs high and offering fall classes in-person shows that they care only about money, not the public good
Business Insider - 29 May 2020 22:22
Corey Sipkin/NY Daily News Archive via Getty Images Scott Galloway is a bestselling author and professor of marketing at NYU Stern. The following is his recent blog post, republished with permission. It originally ran on...
To Get Serious About Decentralization, We Need to Measure It
Coin Desk - 29 May 2020 20:40
Blockchains aim to democratize influence and control, broadening access to capital and data. But we lack metrics to whether projects achieve decentralization.
Aldi Will Expand Curbside Pickup To 600 Stores
Retail Touch Points - 29 May 2020 18:25
By the end of July, approximately 600 Aldi stores, roughly one-third of the German low-price retailer's U.S. locations, will offer Curbside Grocery Pickup. The rollout to stores in 35 states follows successful pilots in ...