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Business News

Location American Business News for 12 August 2020
'Avatar: The Last Airbender' Creators Walk Away From Netflix's Live-Action Adaptation In an open letter, Michael Dante DiMartino says that he and Bryan Konietzko have left the Avatar live action series at Netflix.
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Tesla to Enact 5-for-1 Stock Split

Wall Street Journal - 12 Aug 2020 01:17
Tesla to Enact 5-for-1 Stock Split Tesla Inc. said it would enact a 5-for-1 stock split after a share-price surge over recent months vaulted the electric-vehicle maker to the status of most-valuable car company as Chief Executive Elon Musk navigated the p...
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The Real Winner of the Veepstakes Might Be Susan Rice

Wall Street Journal - 12 Aug 2020 16:57
Kamala Harris is the Democratic vice presidential candidate, but Susan Rice probably made a lot more money this month.
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Grubhub's Merger Partner Needs to Defend Its Lunch

Wall Street Journal - 12 Aug 2020 15:59
For Just Eat Takeaway.com, the opportunity presented by the Covid-19 pandemic may be better understood than the threat.
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Telemedicine Startup Eden Health Raises $25 Million To Expand Commercial Real Estate Partnerships The news comes at a turbulent time for commercial real estate investors.
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Gold Stung by Rising Bond Yields

Wall Street Journal - 12 Aug 2020 14:55
Gold futures fell, with the metal set to record its second straight decline, putting the precious commodity on track to post its lowest settlement in more than two weeks.
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This European Digital Bank Is Prospering in the Pandemic

Wall Street Journal - 12 Aug 2020 11:30
Shares of an Italian internet bank which doesn't operate a traditional branch network are soaring, bucking a broader downward trend.
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New Satellite Analysis Shows Mauritius Oil Slick Growing Ten Times In Size Over Past Five Days The latest satellite imagery captures the rapidly widening oil spill around the site of stricken Japanese bulk carrier, the Wakashio, on the pristine coral reefs of the Indian Ocean Island of Mauritius
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Compassionate (Paid Family) Leave - What It Covers & How to Use It Compassionate leave or paid family leave gives flexibility to workers with family obligations and dependent care needs, and it's fairly common in the developed economies of the world. What is compassionate leave and what...
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Three Things Retail Landlords Need Right Now During this uncertain time for retailers, it is in the landlords' and lenders' best interest to come alongside businesses to help carry the burden.
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Apple Owes Tech Companies $506M For Patent Infringement, Jury Says The case in Texas federal court was one of the few in-person jury trials to take place since the Covid-19 pandemic shuttered courtrooms nationwide.
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Former Tronc CEO Justin Dearborn moves into the Hollywood Hills Former Tronc chief executive Justin Dearborn has paid $4 million for a Gus Duffy-designed home in the Hollywood Hills.
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Outside of PPP, it's crickets in small-business lending

American Banker - 12 Aug 2020 20:49
The Paycheck Protection Program has masked what has been a year of tepid demand and tightened lending standards. And bankers aren't expecting a rebound anytime soon.
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Small businesses are quietly dying by the thousands during the coronavirus pandemic Yelp Inc., the online reviewer, has data showing about 60,000 local businesses permanently shuttered from March 1 to July 25. The drag on the economy from these failures could be huge.
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UK GDP takes record 20.4 percent plunge as COVID-19 roils economy The British economy suffered a massive contraction from April to June as the coronavirus pandemic plunged the UK into its worst recorded recession, officials said. The country’s gross domestic product plummeted by 20.4...
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Vacant Real Estate Is The Golden Ticket To The Housing Crisis The pandemic is quickly changing the real estate landscape, driving business out and giving housing another opportunity that is not only profitable but sustainable.
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3 Ways To Hedge Your Stock Portfolio In Today's Crazy World Some obvious...and not so obvious routes to dampen volatility Whether you are a "90%er" (90% of the way toward the assets you need to retire), or just starting out, many investors don't like to take big risks.
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Black Gen-Zers Want To See More Joy On Social Media, Study Finds VSCO partnered with research company JUV Consulting to launch a study highlighting how Black Gen-Zers are emotionally affected by social media use.
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Who Should Make The NBA All-Bubble First Team? The NBA announced Tuesday that an All-Seeding Team will be chosen by reporters covering the games in Lake Buena Vista, but let's face it: All-Bubble Team has a better ring to it than All-Seeding.
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MyCrypto CEO Explains How to Survive (and Thrive) in a Crypto Bull Market Taylor Monahan. Source: a video screenshot, Youtube/IDEO CoLab Crypto bull runs present a unique opportunity for investors - as well as no shortage of potentially crippling pitfalls. And although there are almost as many...
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The Nation Wanted to Eat Out Again. Everyone Has Paid the Price. Governments and restaurant owners wanted to get back to business. But bars and restaurants have become a focal point for clusters of Covid infections.
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Facebook COO Sheryl Sandberg on Wednesday said the social media company needs to work with whoever wins the 2020 U.S. election to address their concerns about Big Tech.
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