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Business News

Location American Business News for 8 August 2020
Experts advise avoiding retirement funds if you can. But all sources of money have pros and cons.
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2 Black Staff Members Quit Bon Appétit as Tensions Over Race Continue Troubles at the magazine surfaced in June, when the top editor resigned under pressure after staff members complained of a toxic culture.
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WeChat Ban May Cut A Vital Lifeline To Chinese Factories For U.S. Electronics Brands In the electronics manufacturing world, WeChat is an essential communication service.
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Even if some meanies try to upset me on Twitter by saying that the GameCube was bad, I know otherwise. It's one of the greatest systems ever.
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Telecom Giant Says 'Local Stablecoins, Blockchain' Powered 19% Growth Executives of KT Group in Seoul. South Korea is just one of the countries currently reeling from the effects of the coronavirus pandemic, with economic growth down in most sectors. But one industry - telecommunications -...
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After Elon Musk criticized Bernie Sanders' brand of socialism, Sanders took him to task for taking billions of dollars in government support (TSLA, AMZN, FB, WMT) Andy Clayton King/AP Photo Bernie Sanders and Elon Musk got into a tiny tussle on Twitter Friday over "socialism." Sanders on Thursday introduced a bill that would place a 60% tax on the wealth gained during the coronavi...
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Winning the electric car race is just the beginning of Elon Musk's plan for Tesla (TSLA) FREDERIC J. BROWN/AFP via Getty Images The electric car race has been on since 2010, but it's now essentially over, and Tesla has won: CEO Elon Musk's automaker dominates the EV market But that market remains tiny, at ju...
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Warren Buffett's Berkshire Hathaway grew profits by 86% last quarter as its stock portfolio soared in value Mario Anzuoni/Reuters Warren Buffett's Berkshire Hathaway suffered an 11% drop in revenue in the second quarter, but almost $30 billion in year-on-year investment gains meant its net income surged 86% to $26.3 billion. T...
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Now is the worst time to buy a new Apple Watch (AAPL)

Business Insider - 8 Aug 2020 15:12
Now is the worst time to buy a new Apple Watch (AAPL) Apple is probably on the verge of releasing a new Apple Watch, which means it's best to hold off on buying a new one right now. Even if you're not interested in the next model, expected to be called the Apple Watch Serie...
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Here are seven major companies whose stocks moved on the week's news.
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Bob Greenblatt out at HBO-parent WarnerMedia as larger layoffs loom WarnerMedia’s new chief executive is wasting no time putting his stamp on the film and TV giant behind “Game of Thrones” and “Aquaman.” Jason Kilar, best known as founding CEO of Hulu, sent three top WarnerMedi...
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AT&T's WarnerMedia CEO Ousts HBO Max's Top Leadership

Wall Street Journal - 8 Aug 2020 01:18
AT&T's WarnerMedia CEO Ousts HBO Max's Top Leadership The moves upended the structure Jason Kilar's predecessor, John Stankey, had set up before ascending to chief executive of AT&T last month.
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Twin Peaks hit with federal lawsuit alleging lingerie uniforms, body grading system led to 'rampant sexual harassment' A group of 34 former employees of Twin Peaks, a restaurant chain with scantily clad waitstaff, filed a federal lawsuit Thursday alleging their uniforms and a system for grading their bodies amounted to sex discrimination...
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Profits Rebound at Warren Buffett's Berkshire Hathaway

The New York Times - 8 Aug 2020 15:36
Profits Rebound at Warren Buffett's Berkshire Hathaway Berkshire reported earnings of $26.4 billion in the second quarter, a turnaround from its $49.7 billion loss in the first quarter, when the pandemic caused a plunge in the stock market.
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Small Business Revenue Dropped 52% During Pandemic, Biz2Credit Data Reveals The latest Biz2Credit Small Business Financial Health Survey shows that small business revenue has dropped an alarming 52%.
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Trump May Suspend Student Loan Payments Until Further Notice President Donald Trump will suspend federal student loan payments until further notice.
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Can Trump ban TikTok? What the executive order means - explained The move requires TikTok and WeChat to find new owners or shut down, but it may not be that simple On Thursday, Donald Trump issued two executive orders aimed at banning TikTok and WeChat, saying the US must take "aggres...
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This Unusual Move Gives You A Tax-Advantaged 8% Dividend We're going to zero in on one particularly sticky subject: return of capital (ROC) .
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Tom Thibodeau Assembling Knicks Coaching Staff, With Mike Woodson, Kenny Payne In Mix Since officially being named the new head coach of the Knicks on July 30, Tom Thibodeau continues to work on assembling his coaching staff, with former Knicks coach Mike Woodson and Kentucky assistant Kenny Payne both in...
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Second Stimulus Package: Trump Didn't Issue Executive Order Today, Here Is What He Said About Extending Unemployment Benefits, Payroll Tax Cut, Eviction Moratorium And Student Loans Trump assures to address the second stimulus package through executive orders
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Huawei will stop making its flagship Kirin chipsets next month, as the impact of U.S. pressure on the Chinese tech giant grows.
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Before we put $100 billion into AI ...

Venture Beat - 8 Aug 2020 19:25
America is poised to invest billions of dollars in AI, but this funding could have bad effects if it's not tied to accountability for equal opportunity.
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