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Business News

Location American Business News for 3 June 2020

Oil Wavers Amid Doubts Over Extension of OPEC Cuts

Wall Street Journal - 3 Jun 2020 16:24
The latest moves in oil prices followed speculation that the Organization of the Petroleum Exporting Countries and its allies might postpone or cancel plans to discuss extending production cuts.
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Meet the de Blasio family, the first family of New York City AP Photo/Craig Ruttle Bill de Blasio has been the mayor of New York City since 2013. He was re-elected for a second term in 2017. Chirlane McCray, Mayor de Blasio's wife, has been praised for making mental healthcare mor...
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Clean Power Continues To Stretch Its Cost Benefits Over Coal Renewable energy continues to get cheaper, and it is increasingly the cheapest form of new power capacity around the world, less expensive than any form of fossil fuel electricity.
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FC Barcelona Launch Barça TV+ And Culer Membership Program FC Barcelona have officially launched their new streaming platform Barça TV+ and the exclusive Culer membership programme.
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Oil rose on Wednesday to a near three-month high amid optimism that major producers will extend production cuts as the world recovers from the coronavirus pandemic.
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For Black Professionals, Unrest Lays Bare a Balancing Act at Work Protests and unrest over the killing of George Floyd last week have stirred up painful emotions and raised hard questions for many black professionals.
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Mobile, Voice, Facial Recognition: Contactless Options Could Thrive Even Post-COVID-19 COVID-19 has accelerated the contactless revolution: 84% of Americans (77% among global consumers) now expect to increase their use of touchless technologies to avoid physical contact for the remainder of the pandemic, w...
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Advertisers were having a terrible year, and it just got worse Hello and welcome to the Advertising and Media Insider. If you got this forwarded, you can sign up for your own here. Marketers wade into protests AP Photo/Mary Altaffer Protests are sweeping the nation as rage over poli...
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Tech companies say they support racial justice. Their actions raise questions. Facebook, Google and Amazon have all called for racial justice, but their records in some cases tell a different story.
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Banks enter era of 'no regrets' cost cutting

American Banker - 3 Jun 2020 20:00
Faced with limited growth opportunities and potentially mounting loan losses, banks are getting aggressive -- and creative -- to boost profits.
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Top executives of the Detroit Three automakers and other major Michigan employers on Wednesday condemned racism and injustice in the United States following the death last week of an unarmed black man at the hands of Min...
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Campbell's Sales Rise on Coronavirus Buying

Wall Street Journal - 3 Jun 2020 16:20
Campbell's Sales Rise on Coronavirus Buying Campbell Soup raised earnings expectations for its fiscal year after demand skyrocketed for its soup and snacks during the coronavirus pandemic.
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Flying Lotus Lets His Fellow Musicians Shine On 'Flamagra Instrumentals' The jazz-informed electronic producer talks about the new deluxe edition of his album and his work with Thundercat.
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Kamala Harris And Andrew Yang Renew Call For $2,000 A Month Stimulus Check Will you get a $2,000 a month stimulus check?
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What Harvard's fall reopening could look like ahead of a $415 million drop in revenue Collin Binkley/AP Photo In an interview with Bloomberg Television, Harvard University President Lawrence Bacow discussed what the fall may look like for the school. Harvard is working on creating online courses from scra...
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Caltech researchers supplemented a lower body exoskeleton with AI that optimizes gait recognition for human preference and comfort.
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Ethereum Classic hardforked to become more compatible with Ethereum while a French energy firm is cleared to issue a new ICO.
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Trump claims he just happened to be inspecting the White House bunker, not hiding in it, during Friday's huge protests in DC Tom Brenner/Reuters President Donald Trump on Wednesday said it's "false" he was taken to a White House bunker for his safety amid protests in Washington, DC, last Friday. Trump said he was in the bunker "more for an ins...
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Here's the route of US Navy P-8A patrol plane that was 'unsafely' intercepted by Russian fighters off Syria Darrin Zammit Lupi/Reuters We've got a better idea of the area of operations of the P-8A that had a tense "close encounter" with two Su-35s. The surveillance aircraft was shadowed by the Russians as it flew over internat...
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What to Do When Work Feels Meaningless

Harvard Business Review - 3 Jun 2020 14:15
Step one: focus on what you can control.
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The Nearly Nihilistic Market Rally

Wall Street Journal - 3 Jun 2020 11:44
It may seem like the market cares about none of the tumultuous events in the world. Right now, it cares about one thing, to the exclusion of almost everything else.
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Be Short After $10.3K Bitcoin Price 'Head Fake,' Veteran Trader Warns A brief breakout into bullish territory for BTC/USD was a red herring, says John Bollinger, who is urging "caution" among traders.
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