Business News
Mutual Fund Winners Don't Stay Ahead for Long
The New York Times - 31 Jul 2020 21:50
A new study finds that hot mutual funds generally don't keep outperforming from year to year, overturning an important finding from the 1990s.
Merger scuttled, Texas bank charts new course
American Banker - 31 Jul 2020 02:03
Now that its deal with Texas Capital has been called off, Independent Bank in McKinney plans to scale back or exit some commercial lines and will seek to duplicate its retail banking successes in Colorado.
Big Tech's Embarrassment of Riches
Wall Street Journal - 31 Jul 2020 03:09
Amazon, Apple, Facebook and Google all show resilience during the coronavirus pandemic while undergoing congressional scrutiny.
New Tool Allows Investors To See Companies' Climate Change Impacts At A Glance
Forbes - 31 Jul 2020 18:00Scandal-ridden Wirecard's extraordinary rise and fall will be turned into a documentary charting its $2 billion accounting fraud saga
Business Insider - 31 Jul 2020 17:55
Getty Wirecard's accounting fraud that led to its recent downfall will be turned into a documentary, a German media company announced on Thursday. The fintech's extraordinary rise and fall represents one of Germany's big...
10 ways entrepreneurs can successfully balance their short and long-term business goals
Business Insider - 31 Jul 2020 17:05
Compassionate Eye Foundation/John Wildgoose/Getty Images Marty Zwilling is a startup angel investor and the CEO of Startup Professionals, a business that supports small business owners and founders. Striking a balance be...
What Brands Should Know in the (Unlikely) Event of a TikTok Ban
AdWeek - 31 Jul 2020 17:00
It's been a few weeks since the news broke about the Trump administration considering a TikTok ban. With growing tensions between the U.S. and China, loyal TikTok users and brands are wondering when and if this could hap...
China Has 1 Trillion Reasons To Pray Trump Is Defeated
Forbes - 31 Jul 2020 06:00Alphabet Reports First-Ever Revenue Decline in Company History
AdWeek - 31 Jul 2020 02:13
Alphabet, the parent company of Google, reported revenues of $38.3 billion for the second quarter of 2020, a time marked by significant economic disruption due to the Covid-19 pandemic. As analysts expected, this was the...
Bumble and Babe Wine Are Alleviating the Stress of Pandemic Breakups
AdWeek - 31 Jul 2020 17:00
Going through a breakup is tough. Going through a breakup when you live with your partner is harder. And going through a breakup when you live with your partner and there's a global pandemic going on, well, that's about ...
Bitcoin an Option, as Dennis Gartman Says He's Exiting 'Crowded' Gold Market
Bitcoin.com - 31 Jul 2020 08:30
Gold bull Dennis Gartman is moving out of gold because the market has become “too crowded.” In an interview with Bloomberg on Thursday, Gartman said he was “social distancing” from the precious metal until such a...
Convicted felon with family mob ties accused of defrauding investors
New York Post - 31 Jul 2020 04:43
Federal officials say a convicted felon with mob ties and his wife fraudulently raised more than half a billion dollars from investors for their company, which loaned cash to small businesses at interest rates as high as...
Google Cloud's $3 billion quarter shows strong but slowing growth, even as Google reported its first quarterly revenue decline since going public (GOOG, GOOGL)
Business Insider - 31 Jul 2020 03:54
Google Alphabet reported earnings on Thursday, disclosing that Google Cloud generated over $3 billion in revenue — up 43% from the same period of last year. Last quarter, Google Cloud saw a 52% year-over-year increase,...
The Ratings Game: Apple stock rockets to record as 'amazingly strong' earnings calm pandemic iPhone fears
Market Watch - 31 Jul 2020 18:20
As Apple Inc. heads for the highly anticipated launch of its first 5G-enabled phone later this year, the company just gave a confident signal that its hardware story is still very much intact.
Brett Arends's ROI: The stock market is cheating us all--and here's by how much
Market Watch - 31 Jul 2020 18:18
We should be getting as much as 30% more, study suggests
Box Office: Why Universal Is Risking $200M To Send Tom Cruise To Space
Forbes - 31 Jul 2020 18:00Why Is Covid-19 More Deadly Than Ebola? An Infectious Disease Doctor Explains
Forbes - 31 Jul 2020 18:00Pier 1 Imports Gets A Second Chance Online, From E-Commerce Entrepreneurs
Forbes - 31 Jul 2020 18:00Apple just announced its 5th stock split in history. Here's what that means -- and how many shares you'd have if you bought one before its first split in 1987. (AAPL)
Business Insider - 31 Jul 2020 17:57
REUTERS/Edgar Su Apple announced its fifth stock split in its history on Thursday, as the iPhone maker's stock price marched to the $400 level. Apple said a stock split would allow it to "appeal to a broader base of inve...
Telecom secy asks industry to strengthen rural connectivity
livemint.com - 31 Jul 2020 17:54
Telecom Secretary Anshu Prakash asked the industry to rise to the challenges of improving connectivity in rural areas, which has shown 'huge appetite for data'
As $600 Weekly Unemployment Benefits Expire, Here's The Latest On When More Relief Could Come
Forbes - 31 Jul 2020 17:41Chevron shares fall after oil giant reports an $8.3 billion loss for the second quarter
CNBC - 31 Jul 2020 15:29
Chevron said Covid-19 "signifiantly reduced demand" in the second quarter.