Business News
CFPB launches investigation of Quicken Loans real estate affiliate
American Banker - 16 Jul 2020 20:02
The Detroit lender disclosed that the consumer bureau had sent a civil investigative demand to Rocket Homes Real Estate for potential violations of the Real Estate Settlement Procedures Act.
Grayness, by Sheila Heti
The New Yorker - 16 Jul 2020 12:00
Sheila Heti writes a flash-fiction story, "Grayness," about how the world got its colors, and what was lost when it did.
Wilmette home once owned by Donny Osmond on the market for $1.25 million
Chicago Tribune - 16 Jul 2020 20:33
A five-bedroom, midcentury colonial-style house in Wilmette that singer Donny Osmond owned for two years in the 1990s was listed last month for $1.25 million.
OPEC Will Relax Crude Output Cuts, Betting On Rebound In Economic Growth
Forbes - 16 Jul 2020 00:40G/O Media fired a queer employee of color who wore crop tops, shorts, and heels to work, violating a brand-new dress code that others say they routinely violated without being punished
Business Insider - 16 Jul 2020 21:42
This story is for Business Insider subscribers. For a brief period, we're making it widely available. For more information on a subscription to Business Insider, click here. Rabbani and Solimene Photography/Getty Images ...
German Fitness Group Bids $100 Million For Gold's Gym
Retail Touch Points - 16 Jul 2020 20:46
Gold's Gym could exit from Chapter 11 bankruptcy protection as soon as this month, after RSG Group GmbH's $100 million bid to acquire the multinational fitness center chain emerged as the top offer at a bankruptcy auctio...
Consumer Retail Sales Jump In June, Fueled By Car Sales
Forbes - 16 Jul 2020 16:00Key Words: 'This is what national decline looks like,' according to this Pulitzer Prize-winning conservative
Market Watch - 16 Jul 2020 19:36
George Will, the conservative political commentator once hailed as "perhaps the most powerful journalist in America" by The Wall Street Journal, eviscerated the Trump administration in an op-ed for the Washington Post.
Homebuilder sentiment jumps back to pre-coronavirus pandemic high
CNBC - 16 Jul 2020 16:28
To find a V-shaped recovery from the economic wreckage of the coronavirus pandemic, look to the nation's single-family homebuilders.
Netflix stock options traders are ready for a big move after earnings
Market Watch - 16 Jul 2020 16:14
Traders of Netflix Inc. stock options are prepared for a big move on Friday, in reaction to the streaming video giant's much anticipated earnings report.
Why companies struggle with recalcitrant IT
The Economist - 16 Jul 2020 12:18
IT IS SUPPOSED to be the "Tesla killer". Volkswagen's new ID.3 is the firm's first mass-produced all-electric car--and the first step in the German carmaker's attempts to reinvent itself for an electrified world. That ma...
Study: Exchanges Accepted $1.3 Billion in Bitcoin Stemming from 'High-Risk Addresses'
Bitcoin.com - 16 Jul 2020 03:30
A recently published report from the research and analysis firm Peckshield indicates that during the last two quarters of 2020, cryptocurrency exchanges accepted 147,000 BTC ($1.3 billion) from high-risk addresses. Durin...
Congress edges toward deal to extend federal unemployment subsidy in coronavirus bill
L.A. Times - 16 Jul 2020 02:14
The question of whether to extend a temporary federal unemployment insurance subsidy seems like more of an argument over how much to provide rather than whether to extend it.
Ernst & Young Says It Isn't Responsible for Luckin Coffee's Accounting Misconduct
Wall Street Journal - 16 Jul 2020 16:18Asia will outperform global high yield bonds from a default rate perspective: BlackRock
CNBC - 16 Jul 2020 06:26
Valuations in Asia are looking attractive, says Neeraj Seth, BlackRock's head of Asian credit, who adds that Chinese high yields in the real estate space looks particularly promising.
Nom Wah, Chinatown's oldest eatery, used frozen dumplings to offset pandemic struggles
New York Post - 16 Jul 2020 06:01
COVID-19 forced Nom Wah Tea Parlor to chart a new course through its 100th year in business -- and it leads straight to your freezer. After the pandemic shuttered the Chinatown dim sum destination, owner Wilson Tang deci...
Gatorade Incorporates TikTok, Snapchat Into 'Ready to Play. Anything' Campaign
AdWeek - 16 Jul 2020 22:30
Gatorade is adding some interactive social elements to its "Ready to Play. Anything" campaign, which features athletes dabbling in other sports. Gatorade The campaign stars the Women's National Basketball Association's E...
Abraaj Liquidators Sue Fund Backed by Gates Foundation
Wall Street Journal - 16 Jul 2020 20:08Bank of America joins rivals in setting aside billions for bad loans
American Banker - 16 Jul 2020 13:57
Second-quarter earnings fell by more than 50% from the same period last year after the company allocated $5.1 billion for potential loan losses.