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Business News

Location American Business News for 25 July 2020
Andy Borowitz jokes that former President Barack Obama has outdone President Donald Trump on a cognitive test.
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Neiman Marcus Closures Include Location in New York's Hudson Yards The luxury department-store chain is walking away from Hudson Yards, the glitzy development that opened last year and that housed the sole Neiman Marcus location in Manhattan.
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It Is the China Dream That Hinders Digital Yuan Says Fisco Executive China's digital yuan looks to be scaling smoothly but its core political slogan may disrupt further development.
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The Work-From-Home Shift Shocked Companies---Now They're Learning Its Lessons Tens of millions of Americans are working from home and many will never go back; employers scramble to figure out what tools they'll need to stay productive.
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Small Business Employees Returning to Work - But with Fewer Hours and Lower Pay The new data from Gusto shows that while employees at small businesses are coming back to work, they're giving up hours and pay to do it.
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Everyone's a Day Trader Now

Wall Street Journal - 25 Jul 2020 08:00
Bored, isolated and out of work amid the pandemic, millions of Americans are chasing stock-market glory--and bragging about it online. Not everyone's a winner though.
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Penny Marshall's longtime home in L.A. sells for $6 million The Midcentury estate of late actress-director Penny Marshall just traded hands for $6 million in the Hollywood Hills neighborhood of Outpost Estates.
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Barclays Close U.K. Christian Charity Bank Account Offering LGBT Conversion Therapy Barclays has closed the bank account of a U.K. Christian Charity the Core Issues Trust, who offer a form of LGBT Conversion Therapy.
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Beware the Lure of Free Money

Wall Street Journal - 25 Jul 2020 15:00
Behind the facade of ratios and metrics, investing is about storytelling. The main narrative right now, driving stocks like Amazon higher, is one that has turned out to be the tallest of tall tales in the past.
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A Young CEO, an Ex-Assistant and a Grisly Murder

Wall Street Journal - 25 Jul 2020 18:00
A Young CEO, an Ex-Assistant and a Grisly Murder Gokada executive Fahim Saleh and his accused killer both showed talent and entrepreneurial spirit at an early age.
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Wells Fargo Still Has a Way to Go

Wall Street Journal - 25 Jul 2020 17:03
Wells Fargo did some needed work in the second quarter. The bank's turnaround still has a way to go.
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The Income Tax Department, in March 2019 made an announcement to issue only e-refunds via electronic mode into the bank accounts of taxpayers.
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Second stimulus check updates: Coronavirus aid package in flux as White House floats cutting unemployment boost to as little as $100 Negotiations over the next COVID-19 rescue bill were in flux Friday after the White House floated cutting an unemployment benefits boost to as little as $100.
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Former Bridgewater Co-CEO Eileen Murray Has Sued The Firm Eileen Murray filed a lawsuit to get a court order that public disclosures of her gender-discrimination dispute with the company won't void her right to earn millions of dollar of deferred compensation.
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Angry South Korean Crypto Traders Threaten to Quit over New 20% Tax Active crypto traders in South Korea said they are prepared to walk away from the scene forever - slamming "unfair" 20% crypto trading tax law proposals unveiled by the government earlier this week. It is a sign, perhaps...
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Longtime TV Host Regis Philbin Dies At 88

Forbes - 26 Jul 2020 01:30
Longtime TV Host Regis Philbin Dies At 88 The morning talk show host and original host of Who Wants To Be A Millionaire, died Friday of natural causes, his family said.
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The Tesla Paradox: Highest Emotional Attachment, Lowest Quality, Says J.D. Power Last August the windows and doors on Ben Gordon's Tesla S wouldn't open. So he crawled in through the trunk. Yet Tesla owners are so emotionally attached that they're willing to live with the industry's lowest quality. W...
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A financial expert says the 'I deserve' trap can devastate a 40-something's retirement plans Courtesy Ramsey Press Chris Hogan, a financial expert and bestselling author, believes 40-somethings are tempted to fall into the "I deserve" trap. It's a common pitfall where people look back at their accomplishments an...
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Tesla is quickly ramping up its ability to make cars, trucks, SUVs, batteries, and solar panels. Take a closer look at its master plan. (TSLA) Tesla Tesla is rapidly growing its worldwide manufacturing footprint. The company is operating factories in California, Nevada, New York, and China. A new plant is under construction in Germany, and Tesla just announced ...
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Changes to laws in Michigan in July will makecar insurance cheaper by dropping a requirement for expensive unlimited personal injury protection coverage. Shopping around for car insurance or dropping the coverage could h...
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Barring some sort of currency meltdown, a weaker dollar should be a positive for equities, though foreign stocks will likely benefit more, analysts say.
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Meet Robert Mercer, the conservative billionaire who was a megadonor for Trump during the 2016 campaign but is notably absent in 2020 Robert Mercer and his daughter, Rebekah, were amongst the most prominent conservative megadonors in 2016, extending unwavering support to President Trump. So far, Mercer has only made one six-figure donation to Trump's r...
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