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Business News

Location American Business News for 20 August 2020
Will The Real Bucks And Lakers Show Up Tonight? And Who Will Win The NBA Draft Lottery? The 14 that did not make the playoffs all have a shot at winning the draft lottery tonight.
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Salesforce will let its employees work from home until August 2021, with six extra weeks of time off for parents (CRM) Salesforce Salesforce is giving all employees the option to work from home until at least July 31, 2021, extending its previous guideline allowing remote work until the end of 2020. Salesforce is slowly reopening its 160...
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Airbnb Files Confidentially for IPO With SEC

Wall Street Journal - 20 Aug 2020 00:52
Airbnb Files Confidentially for IPO With SEC Airbnb confidentially filed paperwork for an initial public offering, marking a surprising turnaround for a company whose business was initially ravaged by the coronavirus pandemic.
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American Airlines says it will stop flying to 15 US cities in October leaving some without an airline - here's the full list Thomas Pallini/Business Insider American Airlines is suspending service to 15 cities across the US on October 7 as federal assistance through the CARES Act expires. Secondary cities across the airline's route network fro...
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Working From Home: A Survey of Our New Out of Office Lives

The New York Times - 20 Aug 2020 06:01
Working From Home: A Survey of Our New Out of Office Lives What does the future hold for offices and the workers who once inhabited them?
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The House of Representatives is preparing to vote on a bill that would provide $25 billion to the cash-strapped Postal Service ahead of the election Chandan Khanna/Getty Images The House will meet on Saturday to vote on a bill aimed at providing protections for the USPS amid controversial budget cuts. While the terms of the $25 billion bill are not finalized, it will...
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Airbnb sets stage for blockbuster listing with confidential IPO filing Short-term home rental company Airbnb on Wednesday confidentially filed for an initial public offering with the Securities and Exchange Commission, setting the stage for one of the marquee stock market debuts of the year...
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Facebook Kicks Off 'Support Small Business' Campaign on TV, Digital Facebook kicked off a new national television and digital campaign Thursday aimed at featuring small business owners, their tales about navigating the pandemic and how the social network's tools can help them stay the co...
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Nvidia's Massive Stock Gains May Be Over Following Quarterly Results Nvidia reported better than expected quarterly results, but that may have already been priced into the stock.
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Florida prosecutors charged Guggenheim Partners's top insurance executive with negligence and reckless driving stemming from his role in a late December boating collision near Fort Lauderdale.
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From Goldman Sachs to Morgan Stanley, here's what bulge-bracket banks are paying their first-year IB analysts Crystal Cox/Business Insider You can make bank in these investment banking jobs. Bulge-bracket banks like Goldman Sachs, Wells Fargo, and UBS pay their first-year IB analysts $91,000 per year (not including bonuses) on a...
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Iran unveils new ballistic missile named after the general killed in a US drone strike earlier this year WANA (West Asia News Agency) via REUTERS Iran unveiled two new missiles on Thursday, including a surface-to-surface ballistic missile named after Maj. Gen. Qassem Soleimani. Soleimani was killed in a US drone strike in J...
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State Bank of India (SBI) has listed dos and don'ts to keep your mobile from getting hacked.Through a video tweet, SBI has given some measures through fraud can be prevented
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California is asking Trump administration for new $300-a-week jobless benefit Gov. Gavin Newsom said Wednesday he plans to apply to the federal government for a $300 weekly supplemental unemployment benefit for jobless Californians.
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Kodak's $765 Million Moment: How It Happened and How It Went Wrong Trump adviser Peter Navarro, seeking to jump-start U.S. drug manufacturing, spearheaded the idea and then used his sway within the administration to help Kodak navigate the bureaucracy to be first in line for the potenti...
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Tencent Video battles iQiyi in China's streaming wars

The Economist - 20 Aug 2020 16:51
LAUNCHED IN 2010, iQiyi has grown used to the foreign press calling it "the Netflix of China". Not the worst nickname, given the videostreaming pioneer's success. But Gong Yu, iQiyi's founder and boss, insists that his f...
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US ecommerce sales grew by nearly a third in Q2, but it wasn't enough to offset losses from brick-and-mortar store closures US ecommerce sales grew by nearly a third in Q2, making up 16.1% of total retail sales. And its share will likely stay heightened as the pandemic accelerates consumers' shift to digital. Insider Intelligence analyzes thi...
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Yearn Finance Token Jumps 270% in 5 Days - Defi Token YFI Worth More Than a Single Bitcoin Decentralized finance (defi) continues to make waves this week, as the Yearn Finance project token (YFI) jumped over 270% during the last five days. The digital token is worth more per coin than the price of bitcoin toda...
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Alibaba's Online Orders Soar During Coronavirus, Fueling a Sales Recovery The Chinese e-commerce giant says its fiscal first-quarter profit more than doubled from the same period a year earlier, mirroring the results of U.S. tech giants that have thrived as disruption from the coronavirus pand...
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Activision released a video dubbed "Know Your History" that confirms that the revelation of Call of Duty: Black Ops Cold War is coming on August 26.
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How Entrepreneurs Wade Eyerly And Dennis Murashko Plan To Take The Risk Out Of A College Education Degree Insurance believes its new product will revolutionize college finance and help more kids make it to school
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California residents and business owners are facing the horror of a pandemic and wildfires that are blanketing the state in smoke.
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