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Business News

Location American Business News for 6 June 2020
After Employee Backlash Over Trump Posts, Zuckerberg Promises To Review Content Moderation Policies "I believe our platforms will play a positive role in this, but we have work to do to make sure our role is as positive as possible," Zuckerberg said.
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The Shift to Remote Work Could Be a Big Swing and a Miss

Wall Street Journal - 6 Jun 2020 16:00
Companies rushing to make remote work permanent may come to regret those decisions once lockdowns ease.
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Europe Borders Stay Shut Until July 1 But EU Travel Ban Will End Europe's borders will remain closed to tourists until July 1. The decision to maintain the EU travel ban for another two weeks from June 15 came on Friday. The good news is, that from July 1, Europe will gradually lift r...
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OPEC and its allies led by Russia are "most likely" to agree on a one-month extension to an oil production cuts deal on Saturday, an OPEC delegate said.
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Falling Jobless Rate Could Imperil Aid Underpinning the Recovery A surprise jump in the number of people working may give Republican lawmakers less incentive to renew the very programs that have hastened the labor market's rebound.
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How 5 local businesses are stepping up to support their communities during the protests and pandemic Courtesy of Neighborhood Provisions Businesses around the country have had to swiftly pivot during the pandemic and protests. Some local businesses have stepped up to fill community need — from supplies to groceries �...
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Volkswagen is considering more cost cuts to help cope with the economic impact of the coronavirus pandemic, a spokesman for the German automaker said on Saturday.
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Malaysia's new government would not be willing to accept even compensation of $3 billion from Goldman Sachs in a settlement over the 1MDB scandal, the finance minister told Reuters, ruling out a figure that is far higher...
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Chemical Recycling Won't Solve The Plastic Crisis Chemical recycling is an environmental health risk and will not solve the plastic crisis, Zero Waste Europe says.
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How Does Huawei Acquire Customers? It Buys Them With Cheap Credit Providing huge credit lines for cash-strapped network operators is a pillar of Huawei's business model....
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Unique Opportunity: Apply Here For A PPP Loan Of Up To $2 Million Some readers continue to be stymied in their attempts to apply for a PPP (Payroll Protection Program) loan, so I reached out to Kabbage, a small business-oriented fintech, and they provided me with a unique link for read...
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Tents Are Hot Item as Businesses Reopen Outdoors

Wall Street Journal - 6 Jun 2020 16:00
Tents Are Hot Item as Businesses Reopen Outdoors Restaurants, retailers and even Amherst College are looking to move activity outside to allay infection fears, and that has boosted demand for temporary structures.
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OPEC, Russia and allies were set on Saturday to extend record oil production cuts through July after crude prices doubled in the past two months on the back of their efforts to withdraw almost 10% of global supplies from...
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These States Have the Most Essential Businesses

Small Business Trends - 6 Jun 2020 15:00
These States Have the Most Essential Businesses Maryland, Oklahoma, and Virginia are among the top states with the most companies designated as essential businesses during the pandemic.
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After Cranking Out $267 Billion in Stimulus Payments, IRS Faces Fresh Challenges The IRS sent out the stimulus checks faster than many analysts expected. But challenging work lies ahead, such as opening 10 million pieces of piled-up mail and resuming a semblance of normal taxpayer service.
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"It starts with the systemic racism. Before you can get to help your company, you need to understand some things to make these adjustments," said "Shark Tank" investor Daymond John.
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Target, Facebook, Warner Music: Stocks That Defined the Week

Wall Street Journal - 6 Jun 2020 01:05
Here are seven major companies whose stocks moved on the week's news.
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Floyd Protests Go Global--From Mexico, London, Germany And France--And Sometimes Violent Tensions flared up in Germany and Mexico on Saturday.
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In places with low smartphone adoption, cheap Bluetooth bracelets would make a good option for coronavirus contact tracing.
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Dauntless will be releasing its next major update, Call of the Void, on June 11. It will bring new activities, a new monster, and more.
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Jobs Bounce In May, Markets Don't Leave Margin For Error May's jobs numbers were strong, but surprisingly the market isn't pricing in much risk in any recovery.
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MicroProse, the military simulation game company that was once the pillar of the war game community, was reborn recently.
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