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Business News

Location American Business News for 27 June 2020
This Is Donald Trump's 'Beautiful' New Missile Frigate The FFG(X) was beautiful long before Trump took office.
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Pick Up Albertsons on Sale

Wall Street Journal - 27 Jun 2020 15:00
The grocer's underwhelming IPO shows investors are being cautious about supermarkets. They seem to be overlooking the sector's tailwinds.
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How to Rethink Your Budget With Just One Income

Wall Street Journal - 27 Jun 2020 12:02
With pandemic-related job losses still high, some couples are having to adjust to living on one income. We speak to financial planners about the steps households could take to make their finances work in this new reality...
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This $670,000 'amphibious boat' uses retractable tank-like tracks to drive from land right into the water Iguana Yachts Iguana Yachts builds high-end "amphibious boats" that can travel on water and on land. The vessels aren't anything like the Amphicar of the 1960s — instead of wheels, they use stowable, tank-like tracks t...
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Mississippi House Approves Plan To Remove State Flag With Confederate Emblem The resolution now goes to the state senate.
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Wirecard Scandal Puts Spotlight on Auditor Ernst & Young

Wall Street Journal - 27 Jun 2020 17:54
Ernst & Young, auditor to insolvent German company Wirecard, had questions related to unorthodox arrangements under which the company's cash was held in bank accounts it didn't control as far back as 2016, according to e...
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Wall Street Quietly Begins Warning About A Biden Presidency As he surges in the polls, Wall Street grows more concerned about a likely corporate tax hike.
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While virtually every aspect of the economy has been hit hard during the pandemic, the tech Industry and its hub in Santa Clara County continue to fare better than other large regions across the state and the nation, bas...
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Home of the Week: Through the lens of a Malibu modernist Ravenseye, a striking Malibu modern designed by architect Harry Gesner, was built to withstand earthquakes and wildfires. Asking price: $14 million.
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How A Tiny Baltic Archipelago Could Kick Start A Retail Revival Ferry companies are eyeing the ...land Islands as a route to ramping up retail sales after months of stagnation.
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Friendly neighbors: How social distancing enhanced the camaraderie in one Florida neighborhood Darlena Cunha Darlena Cunha is a writer who has lived in her neighborhood in Gainesville, Florida for three years but never really got to know her neighbors until recently. For Cunha, an unlikely outcome of the COVID-19 ...
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Wirecard Scandal Puts Spotlight on Auditor Ernst & Young

Wall Street Journal - 27 Jun 2020 15:56
Ernst & Young, auditor to insolvent German fintech company Wirecard, had questions related to unorthodox arrangements under which the company's cash was held in bank accounts it didn't control as far back as 2016, accord...
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Bigscreen's latest update adds the capability to play local video files stored on a device when watching in VR, even when offline.
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CBDT has further clarified that while determining value of perquisites, no exemption will be available in respect of free food and non-alcoholic beverage provided by employer through paid voucher
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Many startups need to extend their runway until investment recalibrates and funding opportunities come back -- which could take a couple of years.
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Obamacare Faces Unprecedented Test as Economy Sinks

The New York Times - 27 Jun 2020 09:00
Obamacare Faces Unprecedented Test as Economy Sinks The battles over the health law have played out during a decade of continuous economic growth. How it performs as a safety net now may help determine its future.
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Wirecard: Crypto Card Users' Funds Locked as UK Regulator Suspends Subsidiary UK Financial Conduct Authority (FCA) on Friday suspended the license of Wirecard Card Solutions (WCS), a unit of troubled Wirecard AG, which is responsible for issuing Visa cryptocurrency debit cards. It means some users...
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European Union member states have drawn up a list of 15 countries whose citizens may be allowed to travel again to the bloc starting July 1 that excludes the U.S. but includes Canada, Japan and possibly China, diplomats ...
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JP Morgan Chase drops foreclosure against 100-year-old WW II Vet This year 100-year-old World War II veteran who helped defeat fascism only to endure harsh segregation at home has just won a battle against a new foe - his bank. The JP Morgan Chase bank on Friday agreed to drop its for...
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Wells Fargo, Apple, Walt Disney: Stocks That Defined the Week

Wall Street Journal - 27 Jun 2020 01:19
Wells Fargo, Apple, Walt Disney: Stocks That Defined the Week Here are seven major companies whose stocks moved on the week's news.
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Rising Coronavirus Cases Put Fresh Strain on Mask Supplies

Wall Street Journal - 27 Jun 2020 22:14
Rising Coronavirus Cases Put Fresh Strain on Mask Supplies The renewed surge in coronavirus cases across much of the U.S. is undermining efforts hospitals and manufacturers made in recent months to provide enough N95 masks to front-line workers.
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Student Loan Forgiveness: House Fails To Override Trump Veto A big win for Betsy DeVos.
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