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Business News

Location American Business News for 31 July 2020

Mutual Fund Winners Don't Stay Ahead for Long

The New York Times - 31 Jul 2020 21:50
Mutual Fund Winners Don't Stay Ahead for Long A new study finds that hot mutual funds generally don't keep outperforming from year to year, overturning an important finding from the 1990s.
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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.
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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.
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New Tool Allows Investors To See Companies' Climate Change Impacts At A Glance A new tool will allow investors to see at a glance how companies are contributing to climate change.
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Scandal-ridden Wirecard's extraordinary rise and fall will be turned into a documentary charting its $2 billion accounting fraud saga 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...
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10 ways entrepreneurs can successfully balance their short and long-term business goals 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...
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What Brands Should Know in the (Unlikely) Event of a TikTok Ban 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...
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China Has 1 Trillion Reasons To Pray Trump Is Defeated That's how many U.S. dollars Xi's government is stuck with as Trump takes a wrecking ball to the reserve currency.
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Alphabet Reports First-Ever Revenue Decline in Company History 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...
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Bumble and Babe Wine Are Alleviating the Stress of Pandemic Breakups 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 ...
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Bitcoin an Option, as Dennis Gartman Says He's Exiting 'Crowded' Gold Market 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...
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Convicted felon with family mob ties accused of defrauding investors 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...
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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) 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,...
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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.
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We should be getting as much as 30% more, study suggests
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Box Office: Why Universal Is Risking $200M To Send Tom Cruise To Space Universal hopes "Tom Cruise in space!" is almost as bankable as "Tom Cruise is Ethan Hunt!" It's smarter than spending $175 million on Dolittle.
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Why Is Covid-19 More Deadly Than Ebola? An Infectious Disease Doctor Explains Dr. Mark Kortepeter, a physician and biodefense expert who formerly worked at the U.S. Army "hot zone" research lab, explains the math behind how Covid-19 death tolls are overtaking deadlier viruses.
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Pier 1 Imports Gets A Second Chance Online, From E-Commerce Entrepreneurs Two entrepreneurs who see a golden investing opportunity in the current retail distress have acquired the rights to the Pier 1 Imports brand.
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Apple 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) 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...
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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'
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As $600 Weekly Unemployment Benefits Expire, Here's The Latest On When More Relief Could Come Bitterly divided lawmakers failed to reach a deal on the benefits this week.
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Chevron said Covid-19 "signifiantly reduced demand" in the second quarter.
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