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Business News

Location American Business News for 13 July 2020

Square Stock: Too High, Too Fast?

Forbes - 13 Jul 2020 13:30
Square Stock: Too High, Too Fast? After swelling 3.2x off the March 23 bottom, Square's stock looks fully valued based on its historic PS multiples. Square's stock rallied from $40 to an all-time high of almost $134 before settling at its current level a...
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Lexicon for a Pandemic

The New Yorker - 13 Jul 2020 12:00
Lexicon for a Pandemic Shouts & Murmurs by Jay Martel: "Maskhole," "body Zoom-morphia," and more neologisms for coronavirus communication.
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Inside The World Of Boohoo, Claims Of Bullying And Intimidation: What The Kamanis Don't Want You To Know Boohoo hasn't been out of the news this week, ever since the allegations in The Sunday Times of modern slavery and poor working conditions at a factory supplying Nasty Gal garments.
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Amid economic recession and uncertainty over China's National Security Law, global real estate firms are trying to get Hong Kong residents to buy abroad.
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Abra Crypto App Charged by SEC for Transactions Affecting Thousands of US Stock and ETF Purchases Abra cryptocurrency app has been charged by two U.S. regulators: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The company has agreed to cease-and-desist orders as well...
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A sharp decline in the supply of existing homes for sale, increasing consumer preference for brand-new, high-tech homes with all the amenities for working and schooling, as well as an accelerating flight to the suburbs a...
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Homeowners 62 or older can get cash from their home without selling, but here's what to know about a reverse mortgage before you sign onto this loan.
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The Trusty Roomette Is Suddenly Giving Amtrak an Advantage Airlines Can Only Dream Of In 1946, the Association of American Railroads produced a report aimed at calming the fears of a membership panicked about the airline industry stealing its passengers. The essence of the AAR's message was this: While tr...
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A West Woodlawn native wants to right redlining wrongs with some greenlining -- and he's starting in the neighborhood where he grew up The effects of redlining still reverberate through Chicago's South and West sides. Woodlawn native Lamell McMorris wants to change that.
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Real Madrid Femenino Subject Of New Docu-Series 'Un Sueño Real' At Valdebebas today, the players of Real Madrid Women's soccer team will train for the first time since the club formerly known as CD Tacón was absorbed into the fold of the most illustrious club side in the world.
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What To Expect From NFLX Earnings? Investors Wait For New Subscriber Numbers, Content Update As earnings season begins its full-steam rollout, not many stocks have been the subject of analyst chatter with as much gusto as Netflix (NFLX). It's one of the few, proud to have proved resistant to the coronavirus that...
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Comcast said investments in artificial intelligence software and network capacity have helped it deal with ongoing demand from the pandemic.
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Demand for Chief Diversity Officers Is High. So Is Turnover.

Wall Street Journal - 13 Jul 2020 13:00
Demand for Chief Diversity Officers Is High. So Is Turnover. Frustrated by talk but little action and a lack of resources, many diversity chiefs find themselves rotating through C-suites.
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Banks and lenders remain more cautious about making loans for home purchases or mortgage refinances that are higher than the government limits for so-called conforming loans. Here's how to find a "jumbo" loan and what th...
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Political Director For Ron Paul Quietly Mines Bitcoin And Builds New Blockchain Company The former Political Director for the Ron Paul 2008 Presidential Campaign Craig Bergman quietly runs a company called Vortex Blockchain Technologies Inc. Bergman believes Satoshi Nakamoto was great at economics, but bad ...
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Bump stock maker seeks compensation from Las Vegas massacre victim fund The maker of the now-banned gun accessory that worsened the Las Vegas massacre has filed a little-noticed court motion that threatens to wipe out a $1.1 million fund set aside for the victims' families, The Post has lear...
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TSLA: Can There Be Too Much Of A Beautiful Thing? While Tesla the company is reflecting the amazing achievements of Elon Musk, the stock price might be ready for a deep correction.
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McDonald's Turned Plastic Straws Into Swimsuits to Highlight Its Shift to Paper in Austria As the biggest fast food brand in the world, McDonald's is responsible for a lot of waste-but with consumers becoming more concerned about environmental impact, the burger chain is looking to address that. McDonald's has...
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BIS Unsure if 'Global Stablecoins' Can Help Cross-border Payments Agustín Carstens, General Manager of the BIS. The Bank for International Settlements (BIS) agrees that leading financial nations badly need to make cross-border payment progress - but is still unsure if that the answer ...
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Crypto Lawyers Are in Hot Demand as the Industry Goes Mainstream, Say Experts Crypto companies are looking for legal talent as the industry becomes more established.
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Chip Makers Scale Up Where It Matters

Wall Street Journal - 13 Jul 2020 18:48
Analog Devices' acquisition of Maxim adds needed heft in a market where business wins tend to last.
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A program offering up to $10,000 in grants to struggling small businesses ended Saturday after reaching its funding limit.
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