Business News
What Happens to All the Un-hugged Hugs?
The New Yorker - 4 Jun 2020 20:00
Emily Flake illustrates a narrative of what it feels like not to hug one another during the coronavirus pandemic, and what she thinks happens to all the hugs not given.
2,000 Free Meals a Night, Seasoned by Silicon Valley Chefs
The New York Times - 4 Jun 2020 22:02
With unemployment soaring in this region of haves and have-nots, a local Boys and Girls Club has transformed into a pop-up takeout operation to feed the most disadvantaged.
Oil prices fall on concerns supply to rise as producers wrangle on cuts
Reuters - 4 Jun 2020 04:12
Oil prices fell on Thursday, reversing gains in the previous session, on concerns that supply will rise if major producers are unable to agree to extend the depth of output cuts that have supported recent gains.
Unrest delays Epic Games' Fortnite Season 3, Call of Duty esports event
Venture Beat - 4 Jun 2020 01:20
Epic Games postponed the launch of Season 3 of its wildly popular Fortnite battle royale game, which has more than 350 million registered players.
Amazon is sued over warehouses after New York worker brings coronavirus home, cousin dies
Reuters - 4 Jun 2020 01:18
Amazon.com Inc has been sued for allegedly fostering the spread of the coronavirus by mandating unsafe working conditions, causing at least one employee to contract COVID-19, bring it home, and see her cousin die.
15 Jobs That Qualify for Student Loan Repayment & Forgiveness Programs
Money Crashers - 4 Jun 2020 18:10
Student loan debt can be a huge burden on new graduates just starting out in their careers. Fortunately, there are programs to help with repayment, including forgiveness, cancellation, and loan repayment programs (LRPs) ...
Laura Ingraham's Double-Standard On Drew Brees And LeBron James
Forbes - 4 Jun 2020 17:54From wagyu beef to melons, Japan's $2.2 trillion virus rescue piques struggling firms
Reuters - 4 Jun 2020 05:03
As the coronavirus jolts Japan, the government's huge stimulus package has come under fire from hard-hit restaurant owners for channelling funds for items like wagyu beef, melons and tourism rather than accelerating help...
Dow rallies for 3rd-straight day amid coronavirus woes, George Floyd protests
New York Post - 4 Jun 2020 01:32
Protests are dividing the US, a bitter spat over Hong Kong is brewing, a pandemic continues to rage worldwide -- and the stock market is surging. The Dow Jones industrial average soared 527.24 points on Wednesday, or mor...
Broadcom's revenue forecast disappoints on weakness in chip business
Reuters - 4 Jun 2020 23:01
Broadcom Inc on Thursday forecast current-quarter revenue, the midpoint of which was slightly below analysts' estimates as its chip business took a hit from supply chain disruptions caused by the novel coronavirus.
Amazon Donates $10 Million to Groups Fighting for Justice and Equity
AdWeek - 4 Jun 2020 22:30
Amazon is donating $10 million to 11 organizations advocating for social justice and improving the lives of Black Americans. In a blog post today, Amazon said it stands in solidarity with the Black community in the fight...
Inflation fears rise in households: RBI poll
livemint.com - 4 Jun 2020 20:46
The central bank's rate-setting committee believes that the supply shock to food prices in April may persist over the next few months.India's economic growth slumped to 3.1% in the March quarter, the slowest pace in 11 y...
YouTuber Jake Paul charged with trespassing following Arizona looting
NBC News - 4 Jun 2020 20:29
Paul has been charged with criminal trespass and unlawful assembly, which are both misdemeanor charges.
GM to make electric vans for businesses in bid to beat Tesla
New York Post - 4 Jun 2020 20:17
General Motors is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment that includes customers such as Amazon and UPS, five people familiar with the pl...
ECB sends euro higher, stocks pause after week-long rally
Reuters - 4 Jun 2020 20:09
The euro jumped to a 12-week high against the dollar on Thursday after another shot of European Central Bank stimulus to help economies slammed by the coronavirus pandemic, but world equity markets pulled in the reins af...
YouTuber Jake Paul charged with trespassing following Arizona looting
NBC News - 4 Jun 2020 18:30
Paul has been charged with criminal trespass and unlawful assembly, which are both misdemeanor charges.
Patrick Pichette Named Chairman of Twitter's Board of Directors
AdWeek - 4 Jun 2020 17:30
Changes continued on Twitter's board of directors in the wake of pressure from investors Elliott Management and Silver Lake earlier this year, and this time, the change is at the very top. Patrick Pichette--a member of t...
US Regulators Target Bitcoin ATMs: 88% of the Funds Exit the Country via Machines
Bitcoin.com - 4 Jun 2020 04:30
Bitcoin automated teller machines (BATMs) will become the next target for regulators, as world governments tighten screws on money laundering. According to Ciphertrace CTO John Jeffries, crypto-cash machines will attract...
John Boyega Joins Celebrities Turning Out For Protests
Forbes - 4 Jun 2020 01:43Boston Red Sox chief Chaim Bloom sells in St. Petersburg
L.A. Times - 4 Jun 2020 22:27
Red Sox chief Chaim Bloom just sold his single-story home for $1.17 million outside Tampa, Fla., where he spent the last 15 years with the Rays.
AstraZeneca doubles coronavirus vaccine production capacity
New York Post - 4 Jun 2020 21:39
British drugmaker AstraZeneca has doubled manufacturing capacity for its potential coronavirus vaccine to 2 billion doses in a handful of deals involving Microsoft billionaire Bill Gates that guarantee early supply to lo...
Decentralization and What Section 230 Really Means for Freedom of Speech
Coin Desk - 4 Jun 2020 18:43
With U.S. President Donald Trump clashing with social media behemoth Twitter, what does the fight over "Section 230" really mean and can decentralization offer a better solution?