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Location American Business News for 30 June 2020
Post-Merger, Rubicon Project and Telaria Rebrand as Magnite Rubicon Project has rebranded as Magnite, as the sell-side ad-tech company aims to convince investors that it is more than the sum of its parts after its merger with Telaria. Rubicon Project had previously been associate...
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Property tops the list of the most popular alternative investments, with 9,900 online searches in May, according to eToro data.
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UK economy hit by sharpest fall in 41 years amid Covid-19 crisis GDP figures show impact of coronavirus pandemic was worse than first thought Coronavirus - latest updates See all our coronavirus coverage Britain's economy contracted by 2.2% in the first three months of 2020 - its shar...
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Tallying The Cost Of Inaction

Forbes - 30 Jun 2020 21:39
Tallying The Cost Of Inaction Even (fake) Nobel Prize winners fail to recognize how nonsensical the contention that that pushing average global temperatures high enough to destroy global agricultural output will cause more than a few percentage point...
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Home prices strengthened in April, despite a national economic shutdown and a sharp drop in home sales due to the coronavirus.
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Wisconsin home from Frank Lloyd Wright's Usonian period available for $425,000 This Usonian gem in Wausau, Wisc., was snapped up by a Texas couple as a vacation home in Northern Wisconsin. Now they hope to find a new occupant who's just as smitten with the architecture of Frank Lloyd Wright.
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No End in Sight for Big Oil's Write-Downs

Wall Street Journal - 30 Jun 2020 17:07
Stocks like Shell and BP are cheap because investors have to shoulder more risk for lower returns.
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Max Keiser: US Hash Rate War With Iran Can Send Bitcoin Price to $500K The "Mona Lisa of the 21st century" will come of age as Trump competes with Maduro and Ayatollah Khomeini for Bitcoin hash rate, Keiser says.
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Don't Panic, But Russia Is Training Its Robot Tanks To Understand Human Speech So far, Russian ground robots have proved to be unreliable.
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A potentially $100 billion battle looms over "business interruption" coverage, which insurers say doesn't apply unless there is physical damage, like from a fire. In the thick of the fight is a New Orleans plaintiffs' la...
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Elon Musk pleads with workers to help Tesla break even

New York Post - 30 Jun 2020 01:56
Elon Musk pleads with workers to help Tesla break even Tesla chief Elon Musk in an internal email called on employees to work hard to allow the electric-car maker to break even in the second quarter despite the coronavirus pandemic. The rallying cry has become a familiar the...
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Economic Growth Rates Will Be Distorted The Rest Of The Year Due To How They Are Calculated When the Bureau of Economic Analysis or BEA releases its first estimate for the economy's second quarter growth rate it is going to look very ugly.
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AB InBev CEO on Adapting in the Face of Crisis

Harvard Business Review - 30 Jun 2020 15:54
A conversation with one of the world’s biggest consumer goods companies on responding resiliently to Covid-19.
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In Los Angeles, an Economy Built on Freelancers Crumbles

Wall Street Journal - 30 Jun 2020 11:30
In Los Angeles, an Economy Built on Freelancers Crumbles Creative freelancers have been some of the hardest hit in the coronavirus-driven recession, according to economists. Performers, production crews, ride-share drivers and personal trainers were among the first to lose wor...
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Amazon Acquires Zoox, Paving the Way for Deliveries With Driverless Vehicles Amazon is set to acquire autonomous vehicle developer Zoox at a value of approximately $1.2 billion, aiding Zoox in its current focus of developing and deploying the "robotaxi," a self-driving car that will be used for a...
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This Could Be The 'Perfect Storm' That Pushes Gold To A New Record High A "perfect storm" of surging government debt levels, plunging real bond yields, rising coronavirus cases and deteriorating economic forecasts pushed the price of gold to an eight-year high.
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IOTA Takes Step Towards Decentralized Network

Crypto News - 30 Jun 2020 16:04
IOTA Takes Step Towards Decentralized Network IOTA (MIOTA) has announced the release of Pollen, the first phase towards IOTA 2.0, its decentralized network that is expected to arrive in the first half of the next year. IOTA is continuing its path towards the so-call...
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Nelnet And Great Lakes Will No Longer Service Your Federal Student Loans Surprise announcement.
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London Stock Exchange eyes stake in retail app PrimaryBid The owner of the London Stock Exchange is in talks to buy a stake in the British technology start-up which has helped ordinary investors access billions of pounds of corporate fundraisings during the COVID-19 pandemic.
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Uber in Talks to Buy Postmates for About $2.6 Billion

Wall Street Journal - 30 Jun 2020 05:25
Uber in Talks to Buy Postmates for About $2.6 Billion Uber Technologies is in discussions to buy Postmates for about $2.6 billion, according to people familiar with the matter, the latest in a rapid-fire series of moves to consolidate the food-delivery industry.
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Lululemon buys fitness company Mirror for $500 million

New York Post - 30 Jun 2020 01:41
Lululemon buys fitness company Mirror for $500 million Lululemon Athletica said on Monday it would buy home fitness content maker Mirror for $500 million, as the high-end yogawear company looks to cash in on booming demand for at-home fitness classes spurred by coronavirus l...
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FedEx surprises Wall Street with better-than-expected quarterly results on Tuesday.
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