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Business News

Location American Business News for 10 June 2020
Shares of Cathay Pacific Airways Ltd surged as much as 18.7% on Wednesday, reaching their highest level since Feb. 24, after the carrier announced a HK$39 billion ($5 billion) recapitalisation plan led by the Hong Kong g...
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Which Major U.S. Cities Spend The Most Per Resident On Policing? [Infographic] According to a 2017 report, per capita spending on law enforcement in major U.S. cities ranges from $381 to $772.
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Direct-To-Consumer Jewelry Brands See Spike In Sales During Pandemic New data shows that jewelry has been one of the hardest-hit retail industries during the pandemic. However, select retailers within this vertical (most outside the fine jewelry market segment) are seeing remarkable sales...
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Chinese companies are putting off plans for U.S. listings as tensions between the world's top two economies rise, lawyers, bankers, accountants and regulators involved in what has been a major capital-raising route told ...
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Top Stocks To Short As The Nasdaq Breaks Above 10,000 If there's one thing that's been made more clear, it's that the stock market and economy are not reflections of each other. An overbought stock market will eventually turn to the downside, and our deep learning algorithm...
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GameStop shareholders vote this week to resolve a fight over the embattled videogame retailer's board. But the company's largest investors won't cast much of a vote.
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Coronavirus, Looting Fears Still Keep Most Non-Essential Stores Shut Even As NYC Begins To Reopen New York may have flattened, or bended, the coronavirus curve, but the impact of the one-two punch dealt the economic capital of the U.S. is far from over.
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Twitter: Read It Before You Retweet It

AdWeek - 10 Jun 2020 23:40
Twitter: Read It Before You Retweet It Twitter is testing a new prompt in its Android application that will appear when users retweet articles that they haven't opened via Twitter. The social network said in a Twitter Support tweet, "Sharing an article can sp...
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Lawsuit accuses paint company Benjamin Moore of 'burying hazardous' waste Billionaire Warren Buffett may have a toxic mess on his hands. Benjamin Moore -- the giant paint company owned by Buffett's Berkshire Hathaway -- "illegally buried hazardous waste" on a potentially contaminated property ...
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Ulta Beauty Undertakes Review of Its 1,254 Stores

Wall Street Journal - 10 Jun 2020 16:00
Ulta Beauty Undertakes Review of Its 1,254 Stores Cosmetics chain Ulta Beauty is undertaking a "clean sheet" review of its stores, exploring whether to close, move or remodel its hundreds of brick-and-mortar locations in light of pressures facing retailers, including th...
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European stocks rose on Wednesday after two straight sessions of declines, as investors looked ahead to comments by Federal Reserve Chairman Jerome Powell later and the central bank's economic forecasts.
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CrossFit CEO To Step Down After George Floyd Comments Greg Glassman said he wasn't mourning Floyd and that police brutality wasn't a problem in the U.S.
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Top 25 Cities With The Highest Apartment Rent Decreases Cities included in the top 25 rankings are Virginia Beach, Virginia, West Hartford, Connecticut, Santa Rosa, California, Huntington Beach, California, and Montgomery, Alabama.
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The U.S. dollar is unlikely to make significant moves higher in the near term because of the ballooning budget deficit, Jeffrey Gundlach, the billionaire chief executive of DoubleLine Capital, said on a webcast presentat...
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Guarded optimism from bank execs as economy reopens

American Banker - 10 Jun 2020 03:00
Leaders of companies including Citizens, Comerica and Truist offered more upbeat assessments of loan demand and credit quality than they have in recent weeks. But others warned of weakness in key sectors such as energy a...
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The dollar nursed losses against most currencies on Wednesday amid some speculation the U.S. Federal Reserve could take steps to curb a recent rise in bond yields at its policy meeting.
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NASCAR has banned the Confederate flag from its races and properties. NASCAR says Wednesday the Confederate flag "runs contrary to...
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4 lessons I've learned in 4 years writing about money

Business Insider - 10 Jun 2020 22:30
4 lessons I've learned in 4 years writing about money lechatnoir/E+/Getty I have been writing about personal finance for Business Insider for almost four years. During that time I've learned a lot about what it takes to be financially successful. A few lessons stand out to ...
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Wendy's and Pringles Join Flavor Forces for Limited-Edition Baconator Chips A hamburger in a can? While the concept may sound like something only the creators of The Jetsons could have concocted, Pringles and Wendy's have collaborated to make the futuristic snack a present day reality. Bacon str...
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Grubhub could be acquired by Just Eat Takeaway.com

Chicago Tribune - 10 Jun 2020 20:21
Grubhub could be acquired by Just Eat Takeaway.com Grubhub is nearing a deal to merge with Just Eat Takeaway.com, a Amsterdam, Netherlands-based food delivery firm.
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'Gross Abuse Of Power': Outside Attorney Calls For Court To Ignore DOJ Attempt To Drop Michael Flynn Case The third-party reviewer declared that the Justice Department provided 'special treatment to a favored friend and political ally of the President.'
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Google launches Android 11 Beta 1, Android Studio improvements, Kotlin coroutines, Jetpack updates, and a refreshed Google Play Console in beta.
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