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Business News

Location American Business News for 3 August 2020
A retired executive who made his fortune in oil is selling his solar-powered Hawaii home for $7 million -- take a look inside the luxury off-grid estate Caprice Nicole Photography for Island Sotheby's International Realty A 39-acre Maui estate designed by a former oil executive just hit the market for $7 million. Built in 2012, the home is completely off the grid, powere...
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Founder of consumer lender Aura steps down as CEO

American Banker - 4 Aug 2020 00:28
James Gutierrez will remain on the board of directors and is trying to arrange financing to help keep the struggling company afloat.
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SBI offers Aadhaar-based instant digital savings account facility for customers who want to open an online account.The nomination facility is available for SBI Insta Saving Bank Account holders
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The coffee bean market has bifurcated since lockdowns forced a shift in consumer behavior. Futures linked to arabica beans, which are popular in cafes and restaurants, have fallen much more than those tied to robusta bea...
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Why TikTok Is at Center of Global Business Battle

Wall Street Journal - 3 Aug 2020 19:02
Why TikTok Is at Center of Global Business Battle Tech columnist Joanna Stern explains the attraction of the app and how it has captivated a global audience rushing to save it.
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5 Questions With Jarod Duggins, Founder Of Trichomes All of the experiences, all of the mis-information, outright lies and newly mounting anecdotal evidence that had come to light through this time period in my life led me to realize there was a bigger purpose to all that ...
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Following a court's validation of a key patent, a Chinese AI company sued Apple, claiming that Siri infringes on its innovation.
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Coronavirus: M&Co pre-pack deal to salvage 2,000 jobs One of Scotland's biggest family-owned retailers is to become the latest in a string of high street chains to call in administrators, amid the coronavirus pandemic.
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Gilead Shows the Dangers of Covid-19 Drug Mania

Wall Street Journal - 3 Aug 2020 15:00
Investors chasing vaccine riches have assumed unrealistic odds of success and of profitability in the case of a breakthrough for treating Covid-19.
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Formerly known as AILens, Truera applies research from Carnegie Mellon University to assess issues that can arise for AI models in training and production.
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Microsoft Rated Tech shined last week as earnings season came to a close. That's been the common denominator these past few months: big tech beating all odds in the midst of historically the worst second quarter ever for GDP contraction...
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FDA's Shifting Standards for Chinese Face Masks Fuel Confusion A Food and Drug Administration effort to address a mask shortage has opened the floodgates to Chinese manufacturers selling products of widely varying quality, potentially putting the public at risk and leaving some U.S....
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Refiners Retrench as Demand For Gasoline, Jet Fuel Shrivels

Wall Street Journal - 3 Aug 2020 13:30
Refiners Retrench as Demand For Gasoline, Jet Fuel Shrivels U.S. fuel makers ran below capacity in the second quarter in a preview of the challenges they are likely to face as the world transitions away from fossil fuels.
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As the pandemic continues to impact offices and schools, sales of tablets and laptops appear to be more than replacing dwindling demand for desktops.
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Take-Two announced today during its latest earnings report that Grand Theft Auto V has now sold over 135 million copies.
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Normally, the motorcoach industry pulls in more than $15 billion annually; this year it's on track to bring in $4 billion, according to American Bus Association CEO Pete Pantuso.
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Take-Two Interactive reported that revenue for its first fiscal quarter ended June 30 rose 54% from a year ago to $831.3 million.
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Lordstown Motors, an electric truck rival to Rivian and Tesla, gets GM investment and becomes publicly traded Electric-truck maker Lordstown Motors is becoming a publicly traded company in a deal that will add $675 million to its coffers, funding production of the Lordstown Endurance all-electric light-duty pickup.
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Ubisoft confirmed Monday that game creator Tommy Francois has left the company after being accused of inappropriate behavior.
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Researchers at the Imperial College London propose a voice data framework that can provide privacy while preserving speech recognition accuracy.
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President Donald Trump may not have to wait for Congress to get the payroll tax holiday he's been seeking. He may be able to push it through himself, according to a Wall Street Journal op-ed co-authored by Stephen Moore,...
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5 Questions With Murano Tips Founder & CEO Luca Vincenzini Luca Vincenzini=LV: Despite living in various cities and countries throughout the world, one thing has been constant in my life; cannabis.
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