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Location American Business News for 16 July 2020
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.
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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.
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Wilmette home once owned by Donny Osmond on the market for $1.25 million 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.
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OPEC Will Relax Crude Output Cuts, Betting On Rebound In Economic Growth Starting in August, OPEC nations and their allies will ease collective output cuts as oil demand continues to recover. "Economies around the world are opening up," said Saudi Arabia's oil minister.
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G/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 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 ...
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German Fitness Group Bids $100 Million For Gold's Gym

Retail Touch Points - 16 Jul 2020 20:46
German Fitness Group Bids $100 Million For Gold's Gym 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...
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Consumer Retail Sales Jump In June, Fueled By Car Sales The Census Bureau's estimate does not fully account for the June surge in coronavirus cases, but it was welcome news to retailers ready for shoppers to come back.
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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.
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To find a V-shaped recovery from the economic wreckage of the coronavirus pandemic, look to the nation's single-family homebuilders.
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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.
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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...
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Study: Exchanges Accepted $1.3 Billion in Bitcoin Stemming from 'High-Risk Addresses' 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...
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Congress edges toward deal to extend federal unemployment subsidy in coronavirus bill 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.
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Ernst & Young Says It Isn't Responsible for Luckin Coffee's Accounting Misconduct The auditor to Luckin Coffee said it bears no responsibility for the Chinese coffee chain's 2019 financial statements and what it called the company's fraudulent misconduct.
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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.
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Nom Wah, Chinatown's oldest eatery, used frozen dumplings to offset pandemic struggles 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...
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Gatorade Incorporates TikTok, Snapchat Into 'Ready to Play. Anything' Campaign 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...
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Abraaj Liquidators Sue Fund Backed by Gates Foundation

Wall Street Journal - 16 Jul 2020 20:08
Abraaj Liquidators Sue Fund Backed by Gates Foundation Liquidators of bankrupt private-equity firm Abraaj Group are suing to claw back money from a health-care fund backed by investors including the Bill and Melinda Gates Foundation.
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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.
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C.H. Robinson's Bob Biesterfeld on Recovery from 'Huge Supply-Chain Dislocation' Bob Biesterfeld, chief executive of C.H. Robinson Worldwide Inc., spoke with the WSJ Logistics Report's Jennifer Smith about the fallout from the coronavirus pandemic and how the freight market is shaping up now as the t...
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Greta Thunberg, Activists Say Response To Covid-19 Proves Leaders 'Never Once' Treated Climate Change As Crisis An open letter signed by celebrities, scientists, activists and major figures argues that current climate change proposals aren't "even close to enough" to combat the climate crisis.
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VSCO Aims To Document Black Joy With New Campaign Through its #BlackJoyMatters campaign, launched by Forbes 30 Under 30 honoree Shavone Charles, VSCO wants to spotlight the ongoing bright spots in the Black community amid perpetual unrest and social injustice.
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