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Business News

Location American Business News for 17 August 2020
Sinclair Broadcast settles shareholder lawsuits for $25 million Sinclair Broadcast Group has reached a $25 million deal to settle shareholder lawsuits stemming from its failed $3.9 billion merger with Tribune Media Co.
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US retail's recovery is losing speed as coronavirus cases rise and complicate reopening plans US retail sales in June and July eclipsed their 2019 performances. But slowing improvements and the end of government initiatives could spell trouble for the industry's rebound from the pandemic. Insider Intelligence pub...
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Zappos replacing American Eagle in Union Square

New York Post - 17 Aug 2020 01:15
Zappos replacing American Eagle in Union Square Zappos -- the Amazon-owned online shoe retailer -- appears to be launching a brick-and-mortar location. Sources said that Zappos has leased the three-level, roughly 16,000-square-foot corner of 19 Union Square West at 15...
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Only 4% of Small Businesses Looked to Family and Friends for Financial Help During Pandemic Many small businesses have sought financial relief during the coronavirus pandemic but a new LendingTree survey finds very few looked to family and friends for help.
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Earnings Preview: What To Expect From Home Depot On Tuesday Home Depot is expected to report earnings of $3.71/share on $31.67 billion in revenue. Meanwhile, the so-called Whisper number is $3.75. The Whisper number is the Street's unofficial view on earnings.
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Japan's Economy Shrinks in Second Quarter

Wall Street Journal - 17 Aug 2020 02:32
Japan's Economy Shrinks in Second Quarter The Japanese economy shrank less than the U.S. and European economies did in the April-June quarter, but it fared worse than Asian counterparts.
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The Russian government said that it stood ready "if necessary" to assist embattled Belarus leader Alexander Lukashenko, as hundreds of thousands of protesters took to the street to demand he resign.
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Pepperoni prices are spiking thanks to COVID-19

New York Post - 17 Aug 2020 15:56
Pepperoni prices are spiking thanks to COVID-19 Pepperoni prices are reportedly skyrocketing because of the coronavirus pandemic. COVID-19 has forced meat processors to “streamline” operations and hampered their ability to produce pepperoni, leading to higher pric...
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S&P 500 flirts with record high as traders weigh Chinese stimulus against virus risk Bryan R. Smith/AFP/Getty Images US stocks climbed slightly on Monday as investors weighed fresh capital injections from the People's Bank of China. The central bank added 700 billion yuan ($101 billion) to China's financ...
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Here Are The Kardashian-Approved Appliances You're Missing In Your Kitchen These luxurious housewares won't disappoint.
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Ohio State QB Justin Fields, Big Ten Parents And Others Miss the Point Regarding COVID-19 End To Fall Season Go somewhere and sit down. That's my message to Ohio State quarterback Justin Fields, more than a few parents with sons playing football in the Big Ten and anybody else who hasn't been paying attention during the last fe...
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cred.ai debuted a banking platform and credit card to help newcomers grow their credit US fintechcred.ai debuted a banking platform and credit card to help banking newcomers and younger consumers grow their credit. And some high-profile competition in credit improvement products could be a headwind to adop...
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Warren Buffett's Berkshire Hathaway moves in the 2nd quarter reflect 'caution in the current environment,' Morgan Stanley says Reuters Warren Buffett's Berkshire Hathaway equity portfolio value increased about 15% in the second quarter, according to a Monday note by Morgan Stanley. The company's new position in Barrick Gold is "potentially signa...
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Retailer Earnings, Democratic Convention In Focus For Investors As Stimulus Stall Continues Wall Street participants seem to be still looking for a catalyst to move the market meaningfully higher or lower as big week for retailer earnings gets under way.
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Seeking nominations for chief marketing officers to watch in 2020 Peloton Business Insider is looking for its 2020 CMOs to watch. We want to hear from you. Please submit your ideas by August 24. Visit Business Insider's homepage for more stories. We're seeking nominations for Business ...
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ANCHORAGE, Alaska (AP) -- The Department of the Interior on Monday approved an oil and gas leasing program within Alaska's...
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6 Amex Platinum benefits that have nothing to do with travel, from Uber credits that work for food delivery to cash back at Saks Crystal Cox/Business Insider The The Platinum Card® from American Express which carries a $550 annual fee, comes packed with credits, perks and benefits While many of those benefits aren't helpful if you're not travelin...
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Apple, Not Amazon, Is The Largest Online Retail Force I know it's hard to believe, but Apple's partners sell 2x as much online as does Amazon--the supposed king of online shopping.
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Five Skills To Build A Stunning Website Without Coding Knowledge Master these skills to build a great site that drives awareness and dollars to your brand.
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NYC Gyms Cleared to Reopen, but May Face Delays in City

Wall Street Journal - 17 Aug 2020 23:46
NYC Gyms Cleared to Reopen, but May Face Delays in City Gyms in New York can reopen at a third of their regular capacity starting next week, Gov. Andrew Cuomo said.
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Planet Coaster seems like the kind of game that wouldn't work on consoles, yet here we are. Planet Coaster: Console Edition is coming out this holiday.
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American Express is acquiring small business lending company Kabbage in a move to expand beyond card services and offer Main Street access to payments and working capital technology.
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