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Business News

Location American Business News for 8 June 2020
Potbelly Sandwich Shop Hires Restructuring Adviser as It Looks to Reorganize 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...
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Overstock's 'Digital Dividend' Dominates Security Token Rankings Less than three months after its 'digital dividend' airdrop, Overstock's OSTKO is dominating the security token rankings for both market cap and volume.
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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.
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Top Growth Stocks For June

Forbes - 8 Jun 2020 16:00
Top Growth Stocks For June Using a grading scale from A to F, our deep learning AI has rated each of the stocks in this article to compile a vision of future trends. With an average A growth rating and plenty of room to move, these picks have been...
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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.
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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.
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D&AD CEO Departs as a Result of Cost-Cutting Measures 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...
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Bitcoin Spenders' Basket 2x the Size of Conventional One - Beliani CEO 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 ...
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Fraudsters targeting unemployment benefits as claims surge during pandemic "About 10% of (unemployment insurance) payments are improper under the best of times, and we are in the worst of times," Scott Dahl, the inspector general for the U.S. Labor Department, told the House Subcommittee on Gov...
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Stock Market Bullish Sentiment: Is It Extreme Yet? The put/call ratio is the first item on the "might be extreme" list.
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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.
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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...
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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.
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Why The Office Simply Cannot Go Away: The Compelling Case For The Workplace The workplace is critically important for our humanity, innovation and more.
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S&P 500 back into positive terrain as well, though some analysts warn stocks are "vulnerable to disappointments."
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Fed Main Street Lending Program Already In Trouble, Likely To Get Worse The Fed's Main Street Lending Program is in trouble already, before it has even started, partly because of the political problems that arise with direct government lending. After this crisis passes, the Fed should shrink...
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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.
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Vale's Stock Recovers 60% In 70 Days; Where's It Headed Now? Comparing the trend in Vale's stock (NYSE: VALE) over recent months and its trajectory during and after the great recession of 2008, we believe the stock can potentially gain close to 20% from its current level of $10.50...
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Emerson Electric Stock Is Down 20% This Year, Despite Strong Fundamentals. Time To Buy? Emerson Electric , a diversified industrial company that is best known for its automation solutions, has seen its stock underperform, falling by about 21% year-to-date, compared to the broader S&P 500 which is down by ab...
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As Casinos Reopen, Here's What Pandemic Mask Requirements Mean For Poker Faces What does it mean to have a poker face in the age of Covid-19? Mask requirements may impact live play in unexpected ways.
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Sandsoft Games, a new video game studio in Riyadh, Saudi Arabia, will make region-focused games for Middle Eastern players.
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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.
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