Business News
'Banking While Black': How Cashing a Check Can Be a Minefield
The New York Times - 18 Jun 2020 11:00
Black customers risk being racially profiled on everyday visits to bank branches. Under federal laws, there is little recourse as long as the banks ultimately complete their transactions.
Dollar and yen gain on worries about virus and economic outlook
Reuters - 18 Jun 2020 04:31
The dollar and the yen edged higher on Thursday as growing concerns about a rise in coronavirus cases underpinned safe-haven demand for both currencies.
Kroger Faces a Tough Crowd
Wall Street Journal - 18 Jun 2020 20:18
The grocery chain's stellar sales performance was met with little fanfare, a reaction that seems overly punishing.
Google promises to improve diversity at senior levels, commits $175 million for black businesses
Market Watch - 18 Jun 2020 02:29
Google on Wednesday pledged to spend $175 million to create more economic opportunities for black businesses and job-seekers, as said it would bolster the number of black employees and executives it hires.
Brandless' Bounceback: Things To Learn From Muji's Playbook
Forbes - 18 Jun 2020 16:00Celtics' Jayson Tatum Continues To Hone Golf Game Ahead Of NBA's Return
Forbes - 18 Jun 2020 15:30Australian regulator says Google's $2.1 billion Fitbit deal could harm competition
Reuters - 18 Jun 2020 05:14
Australia's antitrust regulator warned Google's planned $2.1 billion acquisition of fitness tracker maker Fitbit may give it too much of people's data, potentially hurting competition in health and online advertising mar...
Wells Fargo hires another JPMorgan alum to head wealth management
American Banker - 18 Jun 2020 00:48
Barry Sommers, a former head of wealth management at the New York bank, is the latest high-level hire by Wells CEO Charlie Scharf.
COVID-19 Pandemic Cannot Distract Us From The Urgent Need To Eliminate Sexual Violence In Conflict
Forbes - 18 Jun 2020 23:25VeChain (VET), Zilliqa (ZIL) Target Key Resistance Level to Resume Rally
Coin Telegraph - 18 Jun 2020 19:10
After strong rallies VeChain and Zilliqa are expected to move higher after key resistance levels are cleared.
Kaia Health raises $26 million to help manage chronic pain with AI
Venture Beat - 18 Jun 2020 16:00
Kaia Health, a startup developing an AI-powered app to help manage -- and reduce -- chronic pain, has raised $26 million.
Taubman Centers Fights Simon Property's Effort to End Deal
Wall Street Journal - 18 Jun 2020 15:54Kroger expects to top 2020 outlook, beats estimates for profit, sales
Reuters - 18 Jun 2020 14:27
Kroger Co said it expects to exceed its 2020 outlook for same-store sales and profit after beating Wall Street expectations for quarterly results on Thursday, as the U.S. supermarket chain benefited from consumers stocki...
Google, Fitbit deal may hamper competition: Australian regulator
Reuters - 18 Jun 2020 03:44
Australia's consumer watchdog said on Thursday it had concerns that Alphabet Inc-owned Google's planned $2.1 billion acquisition of fitness tracker company Fitbit may hinder competition in digital advertising and health ...
California Makes Wearing Masks Mandatory
Forbes - 18 Jun 2020 23:29TD's answer to a pandemic-driven spike in wire fraud
American Banker - 18 Jun 2020 22:15
The bank says fraud attempts involving commercial wire transfers have escalated since the outbreak began. It's training employees and customers how to head off the often hard-to-detect scams.
Oil Swings on Demand Uncertainty
Wall Street Journal - 18 Jun 2020 16:03
Oil prices swung between small gains and losses, pausing a recent rebound with traders weighing lower supply against uncertainty about the return of fuel demand.
Another 1.5 Million File For Unemployment As Layoffs Continue Despite Reopening
Forbes - 18 Jun 2020 14:40Having Stolen the Spotlight, Now Robinhood Has to Dance
Wall Street Journal - 18 Jun 2020 12:33
With its zero-commission mobile app, Robinhood Markets has captured the zeitgeist of the moment. But can the broker succeed as a stand-alone business, or will it be absorbed by a bigger player?
The Economy Is in Disarray. But Borrowers Aren't Getting Home-Equity Lines.
Wall Street Journal - 18 Jun 2020 11:30
New home-equity lines of credit dropped after the coronavirus pandemic struck the U.S., with many lenders tightening their standards.
China-India Violence Underlines Limits to Beijing's Trade Leadership Dreams
Wall Street Journal - 18 Jun 2020 10:33
The China-India clash fits into a broader picture of the regional tussles that undermine Beijing's ambitions to take a central role in commercial diplomacy in Asia, leaving that leadership to Japan.