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Business News

Location American Business News for 18 June 2020

'Banking While Black': How Cashing a Check Can Be a Minefield

The New York Times - 18 Jun 2020 11:00
'Banking While Black': How Cashing a Check Can Be a Minefield 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.
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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.
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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.
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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.
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Brandless' Bounceback: Things To Learn From Muji's Playbook In anticipation of Brandless' resurrection this month, here's a glance into how the original mastermind behind the brandless concept, Muji, blossomed its 40 pieces SKU to 7,000 with a full-fledged grocery store around th...
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Celtics' Jayson Tatum Continues To Hone Golf Game Ahead Of NBA's Return Jayson Tatum has been working on his golf game during the NBA's hiatus. Find out where he's been training and what NHL stars he's been working alongside.
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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...
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Barry Sommers, a former head of wealth management at the New York bank, is the latest high-level hire by Wells CEO Charlie Scharf.
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COVID-19 Pandemic Cannot Distract Us From The Urgent Need To Eliminate Sexual Violence In Conflict June 19 marks the International Day for the Elimination of Sexual Violence in Conflict. The day was established by the UN General Assembly in 2015. Its goal is to shed light on the issue of conflict-related sexual violen...
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VeChain (VET), Zilliqa (ZIL) Target Key Resistance Level to Resume Rally After strong rallies VeChain and Zilliqa are expected to move higher after key resistance levels are cleared.
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Kaia Health, a startup developing an AI-powered app to help manage -- and reduce -- chronic pain, has raised $26 million.
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Taubman Centers Fights Simon Property's Effort to End Deal

Wall Street Journal - 18 Jun 2020 15:54
Taubman Centers Fights Simon Property's Effort to End Deal Mall owner Taubman Centers is fighting to retain the $3.6 billion deal it had with Simon Property Group, arguing that the coronavirus pandemic doesn't allow buyers to walk away because they no longer like the deal they m...
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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...
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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 ...
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California Makes Wearing Masks Mandatory

Forbes - 18 Jun 2020 23:29
California Makes Wearing Masks Mandatory 'The use of face coverings by everyone can limit the release of infected droplets when talking, coughing, and/or sneezing, as well as reinforce physical distancing,' the order says.
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TD'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.
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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.
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Another 1.5 Million File For Unemployment As Layoffs Continue Despite Reopening The economy is facing a long road to revovery.
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Having 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?
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New home-equity lines of credit dropped after the coronavirus pandemic struck the U.S., with many lenders tightening their standards.
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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.
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Why Drones Have Hit Their Stride

Forbes - 18 Jun 2020 05:04
Why Drones Have Hit Their Stride Popular perception seems to still hover around the idea that drones are used only by hobbyists and the military, with nothing in between. Nothing could be further from the truth.
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