Business News
Potbelly Sandwich Shop Hires Restructuring Adviser as It Looks to Reorganize
AdWeek - 8 Jun 2020 23:39
Potbelly Sandwich Shop has hired Alvarez and Marsal as its restructuring adviser, according to sources familiar with the situation, and is said to be weighing its financial options, including bankruptcy. Potbelly and Alv...
Overstock's 'Digital Dividend' Dominates Security Token Rankings
Coin Telegraph - 8 Jun 2020 17:07
Less than three months after its 'digital dividend' airdrop, Overstock's OSTKO is dominating the security token rankings for both market cap and volume.
NYU study: Facebook's content moderation efforts are 'grossly inadequate'
Venture Beat - 8 Jun 2020 06:01
In a scathing examination of Facebook's content moderation practices, a new study says outsourcing is a key reason the company's efforts are failing.
Top Growth Stocks For June
Forbes - 8 Jun 2020 16:00HSBC's Decision to Side With China Over Hong Kong Was a Year in the Making
Wall Street Journal - 8 Jun 2020 15:59
After a century and a half trying to steer a neutral course through the messy geopolitics of east versus west, HSBC has signaled its support for China over the future of Hong Kong.
Futures Movers: Oil futures point higher Sunday night after OPEC+ extends output cuts to July
Market Watch - 8 Jun 2020 05:29
Crude-oil futures were volatile in electronic trade Sunday night after OPEC and allied nations agreed Saturday to extend a production cut of nearly 10 million barrels of oil a day through the end of July.
D&AD CEO Departs as a Result of Cost-Cutting Measures
AdWeek - 8 Jun 2020 22:08
D&AD, a global association for advertising and design communities best known for its annual awards program and festival, has made a "significant reduction" in staffing due to revenue lost from the stay-at-home orders put...
Bitcoin Spenders' Basket 2x the Size of Conventional One - Beliani CEO
Crypto News - 8 Jun 2020 19:00
Crypto users purchase more furniture than other shoppers. This is the experience of Stephan Widmer, CEO of Beliani, a web-only international seller of furniture and home accessories, that served over 1 million customers ...
Fraudsters targeting unemployment benefits as claims surge during pandemic
Chicago Tribune - 8 Jun 2020 16:29Stock Market Bullish Sentiment: Is It Extreme Yet?
Forbes - 8 Jun 2020 05:08Instant View: Japan's economy braced for worst postwar slump despite capex gains in first-quarter GDP
Reuters - 8 Jun 2020 04:54
Japan's economy shrank less than initially estimated in the first quarter, revised data showed on Monday, but the broad impact from the coronavirus crisis is still expected to send the country deeper into recession.
Singapore Airlines secures $1 billion additional credit after rights issue
Reuters - 8 Jun 2020 04:05
Singapore Airlines Ltd said on Monday that it had secured about $1 billion in credit facilities, in addition to the S$8.8 billion ($6.32 billion) it recently raised from a rights issue, to help it weather the COVID-19 pa...
How Overconfident Investors Influence Share Prices
Wall Street Journal - 8 Jun 2020 02:32
Many investors simply refuse to believe that their competition in the market might know more than they do. Two professors explain Big Mo and its promises and perils for the average Joe.
Why The Office Simply Cannot Go Away: The Compelling Case For The Workplace
Forbes - 8 Jun 2020 00:30Nasdaq notches new high as investors bet on economic rebound
CBSNews - 8 Jun 2020 23:00
S&P 500 back into positive terrain as well, though some analysts warn stocks are "vulnerable to disappointments."
Fed Main Street Lending Program Already In Trouble, Likely To Get Worse
Forbes - 8 Jun 2020 19:41Despite Twitter's Trump stance, it's still just as toxic as Facebook
Venture Beat - 8 Jun 2020 17:05
Go ahead and quit Facebook in disgust. But don't pretend Twitter represents some moral high ground. It's every bit as toxic as Facebook.
Vale's Stock Recovers 60% In 70 Days; Where's It Headed Now?
Forbes - 8 Jun 2020 16:00Emerson Electric Stock Is Down 20% This Year, Despite Strong Fundamentals. Time To Buy?
Forbes - 8 Jun 2020 15:30As Casinos Reopen, Here's What Pandemic Mask Requirements Mean For Poker Faces
Forbes - 8 Jun 2020 15:04Sandsoft Games in Saudi Arabia will make games for Middle Eastern players
Venture Beat - 8 Jun 2020 11:30
Sandsoft Games, a new video game studio in Riyadh, Saudi Arabia, will make region-focused games for Middle Eastern players.
Investors Flock to Cash. Here's What They Need to Know.
Wall Street Journal - 8 Jun 2020 02:37
Cash makes investors feel safer, but they should understand the cost.