Business News
Neiman CEO Geoffroy van Raemdonck bags big checks after waiving salary
New York Post - 14 Jul 2020 01:13
The boss of Neiman Marcus has been getting paid lavishly to lead the swanky chain out of bankruptcy -- and that's ruffling feathers in the rank-and-file. On March 30, Geoffroy van Raemdonck -- a Belgian-born luxury merch...
A record 74% of fund managers say US tech stocks is the most crowded trade, according to Bank of America survey
Business Insider - 14 Jul 2020 16:29
A record 74% of fund managers said that US technology stocks are the most crowded trade, according to Bank of America's July survey released Tuesday. Overall, "investor sentiment remains cautious," analysts led by Michae...
UK Government Urges Brits to Embrace 'New Start' With Major Brexit Campaign
AdWeek - 14 Jul 2020 21:56
LONDON--The U.K has been part of the European Union since 1973, but the country voted to leave in 2016 in favor of, as the government slogan said, "taking back control" of its own trading relationships and its own border...
Anime Distributor Turns To Merchandise And E-Commerce Amid Pandemic For Growth
Forbes - 14 Jul 2020 01:00Taxpayers Race to File Refund Claims if Obamacare Is Struck Down
Wall Street Journal - 14 Jul 2020 14:16
Taxpayers and their advisers are rushing to file claims for refunds of 2016 taxes in case the Affordable Care Act is struck down. For many higher earners who could benefit, the deadline to file such claims is Wednesday.
Tech companies are ending leases and consolidating offices as remote work is here to stay
CNBC - 14 Jul 2020 01:23
Start-ups are letting leases expire, and bigger companies are downsizing in favor of smaller, satellite offices as employers prepare for a future of distributed work.
The Margin: 'Sheer incompetence!' Donald Trump Jr. shreds his father -- or at least that's how it appears in this viral clip
Market Watch - 14 Jul 2020 18:04
Ben Meiselas, the lawyer who represented Colin Kaepernick in his case against the NFL, and his two brothers have a knack for delivering viral attack ads aimed at the Trump White House. They've got another hit on their ha...
Spotify Bought Joe Rogan For $100 Million. Now SiriusXM Is Buying Stitcher For $325 Million
Forbes - 14 Jul 2020 01:51Nintendo and Lego teamed up to create a Lego version of the classic NES game console, on sale August 1 for $200 (NTDOY)
Business Insider - 14 Jul 2020 14:17
Nintendo/Lego Lego and Nintendo are celebrating the iconic original Nintendo console with a Lego re-creation that comes complete with a Lego "Super Mario Bros." cartridge and a Lego old-school TV. The set is scheduled to...
A Northwestern professor's data science company is being acquired for almost $200 million
Chicago Tribune - 14 Jul 2020 01:15
4C Insights, a Chicago-based company that helps advertisers coordinate their ads across social media and TV, is being acquired for almost $200 million.
Chicago Cubs right fielder Jason Heyward sells Gold Coast condo for $7.2 million
Chicago Tribune - 14 Jul 2020 19:45
His purchase price was one of the highest ever paid outright for a home by a Chicago athlete for the 19th floor unit in the building at 9 W. Walton St.
'This Is Not a Normal Recession': Banks Ready for Wave of Coronavirus Defaults
Wall Street Journal - 14 Jul 2020 19:00
The largest U.S. banks signaled that the worst of the coronavirus recession is yet to come, opting to stow away tens of billions of dollars to prepare for an expected wave of loan losses.
A Creative Director Looked Close to Home for Help Producing a DIY Domino's Ad
AdWeek - 14 Jul 2020 18:25
Nobody in this industry can deny the importance of building connections and getting a bit of work experience early in one's career. After all, advertising is a super competitive job, and it pays to know the right people ...
Bitcoin Usage up in Vietnam, Bangladesh & S Africa - Blockchain.com
Crypto News - 14 Jul 2020 22:00
The total number of bitcoin (BTC) wallet transactions has spiked in Vietnam, Bangladesh, and South Africa, with monthly activity figures up 25%, 16% and 15.9% respectively on major wallet and exchange platform Blockchain...
Ford Has Finally Generated Consumer Enthusiasm With The Bronco
Forbes - 14 Jul 2020 21:18Coronavirus forces core conversions to go virtual
American Banker - 14 Jul 2020 17:57
Switching core banking systems has long been done face to face, but the pandemic has driven the process into the digital arena. The change could be permanent.
BitGo Releases Crypto Wallet Compliance Tool for FATF's Travel Rule
Coin Telegraph - 14 Jul 2020 14:00
Major digital asset firm BitGo announces API support for the Financial Action Task Force's travel rule.
China's Pain Could Be Google's, Facebook's Gain in India
Wall Street Journal - 14 Jul 2020 13:05
With China's internet giants locked out of the world's second-most populous country, U.S. tech sees an opportunity.
The July 15 tax deadline is almost here -- here's one good reason NOT to worry
Market Watch - 14 Jul 2020 04:31
'This of course, would be a de facto second stimulus.'
These are the California businesses that must shut down under Newsom's new coronavirus order
L.A. Times - 14 Jul 2020 00:42
These are the California businesses that must shut down under Newsom's new coronavirus order
A grim outlook for Wells Fargo's commercial loan book
American Banker - 14 Jul 2020 23:43
The energy sector, retail and hospitality are among the industries that are faring poorly during the pandemic. The bank expects loan losses to remain elevated well into 2021.
Republic in Ky. hires former CEO of Black-run bank to run loan program
American Banker - 14 Jul 2020 20:07
Pedro Bryant will oversee a $3 million effort to fund small businesses in disadvantaged communities.