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Business News

Location American Business News for 19 June 2020
Former Chicago Bears quarterback Chase Daniel sells Glencoe house for $1.48 million Daniel, the Bears' backup quarterback for two seasons, took a loss on their five-bedroom, 5,962-square-foot house in Glencoe.
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Lower taxes? Cheaper housing? Shorter commute? For some knowledge workers fleeing the big city amid the pandemic, the perks of relocating to a distant burg will soon grow stale. .
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Fintech Darling Afterpay: Buy Now, Regret at Leisure?

Wall Street Journal - 19 Jun 2020 12:34
The stock's meteoric rise looks vulnerable to expanding competition or a prolonged downturn that raises credit risks.
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Carnival is selling 6 cruise ships after a $4.4 billion loss, a sign of the industry's bleak future in the coronavirus pandemic Princess Cruises Carnival Cruises, which includes brands such as P&O, Princess Cruises and Cunard, is to sell 6 ships amid a downturn caused by the coronavirus crisis. The industry has been hammered by COVID-19 after mul...
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Renting Vs. Owning A Home: LendingTree Crunches The Numbers Across The U.S. The report looks at the median monthly cost to rent versus owning a home, with and without a mortgage, across the 50 largest metropolitan areas in the U.S.
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China's Reported Plan To Buy More U.S. Farm Goods Helps Boost Market This morning, a report that China is planning to buy more U.S. farm goods is helping boost market sentiment a day after lackluster trading.
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Wirecard CEO Resigns After Banks Say Missing $2 Billion Doesn't Exist The chief executive of fintech giant Wirecard resigned after two banks in the Philippines meant to be holding over $2 billion on behalf of the company said they don't have the cash and never did.
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Potential Buyers Are Circling Chuck E. Cheese, Widening Its Options Chuck E. Cheese, the troubled restaurant chain and children's party venue, is fielding interest from creditors and other potential suitors, as some bricks-and-mortar establishments struggle to survive the coronavirus pan...
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Subway's CMO Serves Up Insights on the Return of the $5 Footlong By reintroducing the $5 Footlong sandwich promotion, Subway is hoping to turn back the clock to a time in the chain's history that is remembered for its sales growth. Franchisees such as Aly Eatery, an operator of Subway...
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Oil Prices Rise Above $40 on Demand Hopes

Wall Street Journal - 19 Jun 2020 15:25
U.S. crude futures for delivery in July rose 3.4% to $40.17 a barrel, heading for their highest close since early March as drivers return to the roads and producers curtail supply.
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Juneteenth events and rallies grow in 2020 as more workplaces give employees off With more people having Juneteenth off this year, expect more celebrations, rallies, and a whole host of virtual events. Juneteenth marks the date in 1865 when the slaves of Galveston, Texas, were informed that they were...
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American Airlines Bans Conservative Activist Who Refused to Wear a Mask Brandon Straka was removed from a flight from La Guardia Airport to Dallas-Fort Worth Airport after he told an airline employee that he didn't like wearing a mask.
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Day Trading Surges In Popularity, This Won't End Well Research is clear that most of the new crop of day traders will end up losing money.
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How To Restart Production In Hollywood

Forbes - 19 Jun 2020 15:47
How To Restart Production In Hollywood Virtual auditions, restrictions on live audiences and some rather creative solutions for intimate scenes.
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Synchrony for Small Business Provides Financial Support When It's Needed Most Synchrony announced it's providing financial assistant to small businesses needing recovery money following the pandemic response.
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IBuying Is Really About Selling

Wall Street Journal - 19 Jun 2020 13:00
The addition of traditional listing services to pure play iBuying models shows just how difficult the real-estate industry is to disrupt.
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Stocks of Black-Owned Companies Surge on Juneteenth Holiday

Wall Street Journal - 19 Jun 2020 23:54
Trading in the shares of several black-owned public companies surged Friday after investors looked for ways to support black-owned businesses on the Juneteenth holiday.
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Jak & Daxter is not the most ambitious game in Naughty Dog's history, but it still offers a fun 3D platforming challenge in that Banjo-Kazooie style.
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Here's How Badly The Coronavirus Has Impacted Americans' Personal Finances On average, American households are facing budget shortfalls of more than $900.
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Black roboticists on creating better AI, accountability, addressing bias, and how to make a more diverse world in acadamia, tech, and STEM education.
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Robinhood Founders Respond To Alex Kearns' Suicide With Major Trading Platform Changes In response to a customer's tragic death, Robinhood will overhaul its customer experience, specifically around options trades.
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Dow Falls 200 Points Amid Fears Over Rising Coronavirus Cases Stocks ended the week slightly higher despite volatile trading on Friday.
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