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Business News

Location American Business News for 5 August 2020

Microsoft Stock - Too High, Too Fast?

Forbes - 5 Aug 2020 18:00
Microsoft Stock - Too High, Too Fast? After a 59% rise since the March 23 low of this year, at the current price of around $215 per share, we believe Microsoft's stock has only a moderate upside left. Microsoft's stock has increased from $136 to $215 off the...
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Large Miners Agree on Dam Standards After Deadly Burst

Wall Street Journal - 5 Aug 2020 18:06
Large Miners Agree on Dam Standards After Deadly Burst The world's largest miners have published global standards for building and managing mine-waste dams, including guidelines aimed at making the safety auditing of these giant structures more independent.
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Hospitality Industry Turns to Tech to Lure Guests Back

Wall Street Journal - 5 Aug 2020 18:00
Hospitality Industry Turns to Tech to Lure Guests Back A key on your phone, voice-activated digital assistants that can dim the lights and order fresh towels, electrostatic sprayers--hotels are piling on tech workarounds to keep guests safe from Covid-19.
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What to Stream: Richard Brody writes about "The Well," a film about a community's response to the disappearance of a five-year-old Black girl and the crisis of race relations in America.
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Intellivision Entertainment announced that it will delay the launch of its Amico reboot video game console from October 2020 until April 2021.
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BMW Has Flexible Production but Inflexible Costs

Wall Street Journal - 5 Aug 2020 18:11
The German luxury car maker didn't shrink its operations to cope with the impact of Covid-19 in the way Detroit peers did.
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Will movie theaters survive? Cinemark lost $170 million last quarter, but it's optimistic. Cinemark's revenue in the first half of 2020 was roughly a third of what the company reported in 2019, or $552.6 million compared to $1.67 billion.
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Indian residents are allowed to transfer up to $250,000 per year for purposes such as investment in foreign stocks or funds, education, maintenance of relatives and tourism.
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New Stimulus Package Student Loan Relief: Pros And Cons Will the next stimulus provide relief for your student loans?
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How a small Ohio airport became the new darling of the world's cargo carriers KITTIKUN YOKSAP / Shutterstock.com Columbus, Ohio's Rickenbacker International Airport has surged in popularity among cargo carriers since the start of the pandemic. International carriers like Emirates and Cathay Pacifi...
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WWE Appoints New President and Chief Revenue Officer The WWE has hired Nick Khan, former co-head of television at Creative Artists Agency (CAA), as president and chief revenue officer. Announced today, Khan's appointment comes more than six months after the sudden departur...
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Square's gross payment volume tumbled by 15% year-over-year due to COVID-19's impact, but revenue jumped as online selling rose, Cash App doubled in users and Square enabled almost $900 million in PPP loans.
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The Galaxy Z Fold 2 now has a much bigger display on its outside for use when closed.
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Google is teaming up with six more banks to support its digital banking efforts Google is teaming up with six more banks to support its digital banking efforts. While Google and its partners should benefit from the collaboration, a successful move by Google into banking could spell disaster for US n...
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This Rare Irish Whiskey From The 1930s Is Now Up For Auction The bottle is expected to fetch more than $14,000 when it goes under the hammer on August 12th.
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With Biotech Stocks, Investors Love the Thrill of the Chase

Wall Street Journal - 5 Aug 2020 13:30
Individual investors are placing their bets on biotech companies pursuing coronavirus advances. Some invest for fun and profit, while others want to be a part of a historic breakthrough.
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'We Hold All The Cards': Trump Doubles Down On Treasury Taking Cut Of TikTok Deal The president once again likened TikTok's presence in the U.S. to a landlord-tenant relationship, saying the Treasury should get a 'big proportion' of the sale.
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Virgin Atlantic Files for Bankruptcy Protection in the U.S.

Wall Street Journal - 5 Aug 2020 03:43
Virgin Atlantic Files for Bankruptcy Protection in the U.S. Richard Branson's Virgin Atlantic Airways filed for bankruptcy in the U.S. to put into effect a $1.5 billion rescue package designed to keep the airline solvent through the coronavirus pandemic and aid the billionaire's ...
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Contactless Payments May Make or Break Small Businesses, Visa Study Finds America has been slow to embrace contactless payments compared to the rest of the world. Outside of the U.S., contactless payments make up nearly 60% of face-to-face Visa transactions, but that number lags behind in the ...
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Tinder owner's shares surge over 12 percent as online dating soars amid COVID-19 pandemic Shares of Tinder’s parent company Match Group surged more than 12 percent Wednesday after it said stuck-at-home singles turning to its apps for love have fueled surprisingly strong earnings. The dating juggernaut -- wh...
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Disney's market value soars by $21 billion after Disney Plus hits 60 million subscribers REUTERS/Eduardo Munoz Disney stock jumped as much as 10% on Wednesday, adding more than $21 billion to the entertainment giant's market capitalization. Investors celebrated the news that Disney Plus has attracted more th...
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Deep red Missouri becomes 38th state to approve Medicaid expansion under Obamacare Voters made Missouri the 38th state to approve expanding Medicaid health care coverage to thousands more low-income adults.
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