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Business News

Location American Business News for 29 July 2020
US lawmakers are considering tougher regulation of the firms, which critics say are too powerful.
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California could create its own $600 weekly unemployment benefit Assemblyman Phil Ting said there is support for providing up to $600 weekly to jobless Californians
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What Travel Will Look Like After Coronavirus

Wall Street Journal - 29 Jul 2020 16:47
What Travel Will Look Like After Coronavirus Eight airline and hotel industry veterans make their predictions about what will change about safety and pricing and whether business travelers will ever return to the road.
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A new wave of urban flight is reshaping real estate markets from New York to Chicago and Los Angeles to San Francisco. As part of this shift, Lake Tahoe is seeing unprecedented bidding wars, buying activity and price inc...
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Investors, Don't Look Away From This Kodak Moment

Wall Street Journal - 29 Jul 2020 18:31
Bemusement or regret aren't the only emotions pros should feel--Kodak is a timely reminder of what can happen to 'must-own' stocks.
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The bosses of Facebook, Google, Apple and Amazon are set to be grilled by Congress.
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How the Pandemic Is Quietly Giving This Upstart Yogurt Brand an Edge Even for brands in essential industries, the pandemic probably isn't the best time to launch a new product. In major cities, 1 in 5 consumers remain out of work. In July, over half of consumers reported that they'd cut b...
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As the Pandemic Forced Layoffs, C.E.O.s Gave Up Little

The New York Times - 29 Jul 2020 18:00
As the Pandemic Forced Layoffs, C.E.O.s Gave Up Little Some corporate bosses offered to cut their pay, but most did not. Those who did gave up less than 10 percent of what they received last year.
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Elon Musk says Tesla doesn't want to crush rivals, and the company is open to licensing its self-driving software and battery technology (TSLA) Brendan Smialowski / AFP via Getty Images Elon Musk tweeted Tuesday that Tesla would consider licensing its self-driving software and supplying battery technology to other automakers. "We're just trying to accelerate sus...
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Victoria's Secret Owner L Brands To Cut 15% Of Corporate Workforce The company had been struggling with sales even before the coronavirus.
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Congress members think $600 is too much to pay workers. Here's what the lawmakers get How to compare the $600 weekly that Congress thinks is too lavish to the $3,346 the lawmakers receive
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New Study: Microbusinesses Play Unsung Role In Economic Rebound Communities with a high density of the tiniest ventures have greater resilience.
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Companies have tried to maximize profits using a 'lean and mean' business strategy. It blew up in their faces during the pandemic. AP Photo/Seth Wenig A "lean and mean" business strategy emphasizes a skinny supply chain to maximize profit in expense of other areas of business, such as employee development. These short-order supply chains led to prod...
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'Can we file for any death benefits or claim funeral expenses from the hospital where he worked?'
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FB, AMZN, AAPL And GOOG Could Make For A Volatile Friday With Alphabet/Google, Amazon, Apple and Facebook all reporting their June quarter results after the market closes on Thursday, Friday's market action could be on the wild side.
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Here's Why The Political World Is Abuzz About Sen. Kamala Harris Harris has emerged as the seemingly inevitable frontrunner as Biden's stated VP deadline draws near, drawing fierce opposition from some in Biden's circle.
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Shopify's Revenue Nearly Doubles as Covid-19 Pushes Shopping Online Shopify's revenue nearly doubled in the latest quarter, as the company benefited from the e-commerce boom spurred by the Covid-19 pandemic.
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The pair has joined Morgan Stanley among the roster of global banks pledging to measure the impact their lending decisions have on global warming. Citi also said it would finance $250 billion of low-carbon projects.
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NBA, Twitter Team Up to Engage Fans as Season Restarts in Orlando While fans won't be allowed into the ESPN Wide World of Sports Complex at Walt Disney World Resort in Orlando, Fla., for the resumption of the National Basketball Association season Thursday night, Twitter teamed up with...
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Google's Sundar Pichai was immediately pounced on in the first question of the antitrust hearing, asking the CEO why Google steals content (GOOG, GOOGL) YouTube/House Judiciary The Congressional antitrust hearing is underway, and David Cicilline wasted no time in setting the tone with an aggressive line of questioning to Google CEO Sundar Pichai. His first question: "Why...
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T-Mobile's latest IoT partnerships will help address enterprise demand for workplace health and safety tools Through its new partnerships, T-Mobile will provide 4G LTE connectivity for two workplace safety IoT devices that are intended to help curb the spread of coronavirus. Demand for such tools has risen, but the technology c...
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Seven trade groups said they would fight any effort by the agency to establish a tailored license for payments providers such as PayPal, Stripe and Square.
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