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Business News

Location American Business News for 27 July 2020
Amazon may invest in Reliance Retail, a key backer of JioMart This story was delivered to Insider Intelligence Payments & Commerce Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce indust...
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Deutsche Bank says it will no longer invest in fracking or Arctic oil as banks turn away from fossil fuels Getty Deutsche Bank said it will no longer finance oil sand or energy projects in the Arctic as part of its new fossil fuels policy. The German lender is cutting ties with fracking projects in countries with scarce water...
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How White Is Brand Leadership? These Logo Tweaks Tell the Story As American society continues to grapple with addressing racism, the corporate world is under continued pressure to change the diversity of its leadership. Agencies have begun to drip out their talent breakdowns. While b...
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OpenSpace, which helps construction teams track the progress of projects by capturing navigable 360-degree photos, has raised $15.9 million.
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Walgreens CEO to Step Down, Become Chairman

Wall Street Journal - 27 Jul 2020 17:46
Walgreens CEO to Step Down, Become Chairman The pharmacy chain said Stefano Pessina has decided to step down as chief executive after five years in the role, and will become executive chairman once the company names his successor.
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US stocks trade mixed as investors await major earnings, coronavirus stimulus plan US stocks traded mixed on Monday as investors looked to major earnings on deck this week and awaited the GOP coronavirus stimulus plan, set to be introduced today. Gold jumped to a record high, driven by an uptick in new...
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Google will let employees work from home for at least another year Google will keep its employees working from home for at least another full year. Staff at the search giant -- who were first sent home in March due to the coronavirus pandemic -- are not expected to return in a large cap...
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Orders for durable goods rose strongly in June for the second straight month after historic declines in the early spring, but the momentum might be hard to sustain in the wake of more coronavirus cases and somewhat tight...
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With Coronavirus Still Prevalent, How Will People Return To The Office? Leaders must remain vigilant and maintain a high level of scrutiny in ensuring that safety is prioritized, in order to ultimately protect any organization's most important asset: the individuals of the organization.
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How No-Code Apps Can Help You Launch A Mobile First Business No code platforms allow you to efficiently launch mobile app to test business ideas.
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Visa, Mastercard Fined Wirecard for Dubious Transactions

Wall Street Journal - 27 Jul 2020 22:34
Defunct payments processor Wirecard miscoded gambling transactions and had high levels of stolen card purchases and reversed transactions, leading to big fines from card networks, according to people familiar with the ma...
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Baby Bugatti II: The 'Kiddie Car For The Kardashians' Has Arrived It's the most affordable Bugatti, and at that it probably costs more than what you drive.
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ETFs To Watch As Investors Shy Away From Stock Market Amidst U.S.-China Faceoff Investors may see more volatility going forward unless the issues of the U.S.-China tensions and massive increases in COVID-19 cases start to improve. Our deep learning algorithms paired with our Artificial Intelligence ...
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The podcasting giant says he's headed for Texas.
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Lowe's Sweetens Pro Loyalty Program With HomeAdvisor Subscription Seeking to help the home service professionals who are Lowe's for Pros Loyalty Program members capture more business, the retailer will provide them with a free one-year subscription to HomeAdvisor Pro, along with a $400...
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Gold price surges to record high amid COVID-19 fears and China tensions The precious metal -- known as a stable investment in turbulent times -- climbed more than 1 percent to $1,944 an ounce.
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Banks can smell victory on key anti-laundering measure

American Banker - 27 Jul 2020 18:00
After the House passed a defense spending bill that included the provision ahead of negotiations with the Senate, industry representatives are optimistic Congress will finally shift the burden of reporting true-owner inf...
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Stefano Pessina plans to step down as CEO of Walgreens, the company announced Monday. The company is currently searching for a replacement who will "drive further progress on its key strategic priorities and to transform...
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Volkswagen Stock Expensive at $17?

Forbes - 27 Jul 2020 15:30
Volkswagen Stock Expensive at $17? After a 57% rise since the March 23 low of this year, at the current price of around $17 per share, we believe Volkswagen AG's stock does not have much upside left. Volkswagen's stock has increased from $11 to $17 off th...
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Rush Street Interactive has agreed to go public via a merger with a blank-check company that will value the online sports-and-casino betting company at $1.8 billion including debt.
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Niantic announced that Pokémon Go Fest 2020 drew millions of players who caught nearly a billion Pokémon over the weekend.
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New Stimulus Package Announced: $1,200 Second Stimulus Checks, Unemployment Benefits, Student Loan Relief, PPP Loans Announced It's finally here: $1,200 stimulus checks.
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