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Business News

Location American Business News for 26 June 2020
Huge drop in Illinois home sales due to COVID-19 might be great for sellers, but not for buyers: 'There's a feeding frenzy.' Closings in Illinois in May dropped by 34%, according to Illinois Realtors. That's great news for sellers, but makes for a tricky time for homebuyers.
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Is Hydrogen the New Wonder Fuel?

Wall Street Journal - 26 Jun 2020 13:17
Technology to realize the vast potential of hydrogen is solid, but investors may be too far ahead of the adoption curve.
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The Stimulus Gets Spent

Wall Street Journal - 26 Jun 2020 18:22
Government stimulus payments and expanded unemployment benefits buoyed Americans' spending last month. That money will soon run out, however.
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Occidental Petroleum's Stock Slump, $40 Billion Debt And Junk Status Flag Worst Of U.S. Oil Patch Excesses Once a rising star of the oil industry, the Houston-based company lurches from one crisis to another having lost nearly 60% of its value since the start of 2020.
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A reason for the ban was that manufacturers did not submit full data on toxicity, bio-efficacy, and pest resurgence
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CNBC's Kelly Evans discusses the reversal in forbearance declines with Andy Walden of Black Knight.
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Goldman Sachs and Wells Fargo tumble after the Fed caps dividends and bans buybacks REUTERS/Danny Moloshok Bank stocks tumbled on Friday after the Federal Reserve capped dividends and banned stock buybacks until at least the end of the third quarter. Goldman Sachs and Wells Fargo were down more than 5%,...
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The founder and managing partner of Backstage Capital encourages underrepresented voices to "flip the script" instead of letting "other people determine who we are."
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Call 911: How Police Built Military Arsenals And A Firm Grip On Local Budgets, And Why Defunding May Be Inevitable Thanks to decades of spending, many local police departments now resemble well-armed military squads. But budgets and protests could force a change.
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Sightbit is deploying "AI lifeguards" at beaches to spot rip currents and swimmers in distress, starting with a pilot at a beach in its native Israel.
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Could Gilead Stock Get A Boost From Inhaled Remdesivir? Gilead has indicated that it would be starting clinical trials for an inhaled version of Remdesivir shortly. While the wide-spectrum anti-viral drug is currently given intravenously for severe cases of Covid-19 in the ho...
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Verizon joins in on Facebook ad boycott

New York Post - 26 Jun 2020 03:25
Verizon joins in on Facebook ad boycott A Facebook ad boycott gathered more steam on Thursday, when telecom giant Verizon said it would pull ads in July over criticisms of the social media giant’s failure to monitor hate speech. The “Stop the Hate for Prof...
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Ford's New F-150 Aims to Double as a Rolling Office

Wall Street Journal - 26 Jun 2020 02:00
Ford's New F-150 Aims to Double as a Rolling Office Ford Motor Co. is turning its most important vehicle--the F-150--into a rolling workstation, a bet that today's pickup truck buyers crave technology and creature comforts as much as brawn.
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As the wealthy retrench amid the coronavirus crisis, low-wage workers take the hit The COVID-19 pandemic has caused richer consumers to pull back on spending, and that has deepened the recession for low-wage service workers.
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Pandemic Real Estate Boom? Medieval History Says Yes

Wall Street Journal - 26 Jun 2020 16:58
Pandemic-induced changes most likely to be permanent are those that were already under way. This may include working more from home, meaning relative appreciation of suburban real estate at the expense of cities.
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6 ways small businesses can market themselves in a post-COVID-19 world Getty Images Small businesses have been particularly affected by the COVID-19 pandemic and shutdown, but planning thoughtful messaging will help them stay connected with customers as the country is slowly opening up. Con...
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Microsoft will permanently close retail stores around the world as it shifts focus to online sales (MSFT) REUTERS/Lucas Jackson Microsoft said in a blog post on Friday that it would permanently close its retail stores around the world and moves sales almost entirely online. Some physical locations at Microsoft campuses will ...
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Only 1% of venture-funded startups have Black founders. Joe Bayen beat those odds, and he hopes to inspire more Black entrepreneurs.
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Gold futures head lower on Friday for a third straight session, continuing to ease back after climbing to their highest finish since 2012 earlier this week, but prices stay on track to score a weekly gain, as a rise in i...
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Suspected attacker shot dead after hotel stabbing spree in Glasgow, Scotland: Report JATV Scotland via Reuters A suspected attacker has been shot dead by police in Glasgow, Scotland, according to reports. Three people are believed to be dead in a stabbing incident,the BBC reported. Police have sealed off...
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Mixed Feelings: Stress Test Results Weigh On Banks After Volcker Rule Relaxed This morning, the market is grappling with poor results from Nike and the Federal Reserve's new coronavirus-linked restrictions on banks
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Amazon's Looming Problem: Who Has The Strategic Mindset To Replace Jeff Bezos? Bezos will keep creating Amazon's future but what should investors do when he's no longer CEO?
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