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Business News

Location American Business News for 23 June 2020
Saks Fifth Avenue swaps fencing for NYC-themed display windows ahead of reopening Saks Fifth Avenue's flagship store has exchanged its barbed-wire fencing for display windows proclaiming its love for New York City as it gears up for a grand reopening on Wednesday, The Post has learned. The iconic depa...
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DTC Eyeglasses Brands See Spike in Online Sales During Quarantine Buying glasses has traditionally followed a predictable flow. Following an optometrist appointment, patients speak with an often commission-incentivized optician about which frames and lenses to spend up to $400 on. In t...
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Adult Film Star Ron Jeremy Charged With Sexually Assaulting Four Women If convicted, he could face up to 90 years in prison.
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Learn quickly and engagingly from the brightest minds, including venture capitalists at Andreessen Horowitz.
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No, Trump Didn't Say There Would Be Second Stimulus Checks Will you get a second stimulus check?
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Facebook Bans Artifacts Trade After Uptick In Posts Of Looted Objects Selling or buying historical artifacts has been banned on Facebook and Instagram.
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Moody's Analytics chief economist Mark Zandi discussed the housing market on CNBC's "Power Lunch."
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Before Wirecard's unraveling, two financial heavyweights set up an unusual $1 billion investment in the payments company. A structured product tied to that deal is now foundering, amplifying the damage from the fintech g...
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Buy these 3 stocks as they move above key resistance levels, Bank of America says (AMGN, AAPL, NTDOY) Spencer Platt/Getty Images In a note published on Monday, Bank of America listed three stocks to buy on bullish technical breakouts. The stocks are on the verge or have already moved above a key resistance level, signali...
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In a new paper, Facebook researchers detail wav2vec 2.0, which ostensibly achieves state-of-the-art speech recognition performance.
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Sales of newly built homes jumped far more than expected in May, according to the U.S. Census. After slowing dramatically in March, as the coronavirus shut down the economy, they posted the strongest May pace since 2007,...
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Burger King Offers 'Autopilot Whopper' Promo After a Tesla Confused BK Logo for a Stop Sign Burger King's marketing team never misses a chance to jump on a hot trend, especially in technology. Case in point: The brand is launching a Whopper giveaway linked to automotive artificial intelligence, which "knows wha...
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New Zealand Police Seize $91 Million From Russian Bitcoin Exchange Operator Police in New Zealand confiscated NZ$140 million ($91 million) from Russian bitcoin exchange operator Alexander Vinnik. Vinnik is the alleged owner of the collapsed BTC-e exchange. The funds were seized from bank account...
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The consortium will acquire a 49% stake in gas pipelines operated by the United Arab Emirates' national oil company, a deal that marries yield-hungry funds with a country battered by low oil prices and the coronavirus pa...
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White House Pushing For Second Round Of Stimulus Checks There are multiple proposals on the table for more stimulus checks. The White House is becoming a clear supporter.
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Third Wave Automation, a startup developing an autonomous forklift platform, emerged from stealth with $15 million in series A funding.
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Nylas nabs $25 million as the API economy explodes

Venture Beat - 23 Jun 2020 16:00
Nylas, which provides email, calendar, and contact APIs for developers to build into their own apps, has raised $25 million in a series B round of funding.
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The Inside Story On An Investment That Plunged 98% One of the worst disasters to befall investors in this crisis was something called the MORL dividend.
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How A CEO Built A Successful Business By Letting His Employees Get Away Jon Staff, CEO and founder of Getaway, found that letting his employees take more time off and unplug actually helped create a stronger company.
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Key Support for the Economy May Be About to Buckle

Wall Street Journal - 23 Jun 2020 13:53
Government stimulus programs have helped support spending by lower-income Americans, but the money could soon run out.
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Stock Market Outlook: 3 Volatile Weeks, Then Pure Excitement Here come miserable earnings reports - and that's great news
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Alleged Unlicensed Bitcoin Dealer Becomes First Singaporean Charged Under New Law A 23-year old Singaporean accused of unlicensed Bitcoin dealing is set to become the first person to be charged under the city-state's Payment Services Act.
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