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Business News

Location American Business News for 21 August 2020
Market forecasters are only guessing investors' response to the November election -- and not necessarily in an educated way, writes Mark Hulbert.
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Top Business Video Conferencing Companies in 2020

Business Insider - 21 Aug 2020 16:25
Top Business Video Conferencing Companies in 2020 The coronavirus pandemic has pushed enterprise video conferencing from a helpful tool to a vital necessity for any business to stay productive. Zoom, Google Meet, Microsoft Teams, Cisco Webex, and Verizon's BlueJeans are...
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U.S. Existing-Home Sales Surged 24.7% in July

Wall Street Journal - 21 Aug 2020 16:08
U.S. Existing-Home Sales Surged 24.7% in July Sales of previously owned homes surged in July as low interest rates and a desire for more space amid the pandemic boosted home-buyer demand.
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Pandemic throws wrench into banks' budgeting

American Banker - 21 Aug 2020 03:00
Executives and boards are bracing for elevated loan losses and stagnant revenue, which will mean more conversations about belt tightening as opposed to added investment.
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Microsoft Flight Simulator could encourage a huge increase in spending on PC due to its appeal to affluent gamers who love to buy next hardware.
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Lyft, Uber Get More Time as They Fight California Order

Wall Street Journal - 21 Aug 2020 00:59
Lyft, Uber Get More Time as They Fight California Order Uber and Lyft will be able to continue conducting business as usual in California for now, after a state appeals court on Thursday paused a lower-court ruling that required the ride-hailing companies to reclassify their ...
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The year shareholder meetings went virtual

American Banker - 21 Aug 2020 17:25
Discover Financial Services and Bank First in Wisconsin, two of the many companies that went all-remote with their annual meetings this year, gave the process high marks. But the longer-term prospects industrywide are un...
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Airbnb bans parties amid COVID-19, caps guests at 16

New York Post - 21 Aug 2020 04:23
Airbnb bans parties amid COVID-19, caps guests at 16 Short-term home rental company Airbnb on Thursday announced a global party ban at its listings amid the coronavirus pandemic. Gatherings at Airbnb rentals will also be capped at 16 as part of a new policy to promote a sa...
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UberEats could be underpaying delivery drivers on 30% of trips, according to a programmer who reportedly built a tool that found the app was lowballing the miles that drivers traveled (UBER) Reuters An Uber Eats driver claimed he collected data showing that the company has been consistently underpaying drivers, Salon reported Thursday. The driver, who is also a computer programmer, built a tool for drivers t...
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Big Tech Growth Surges Despite Government Scrutiny Even during a pandemic, with the economy contracting over 30 %, the four companies reported $773 billion combined revenue annualized to date.
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Small-Business Owners: Don't Forget Special Pandemic Tax Breaks

Wall Street Journal - 21 Aug 2020 11:30
Whatever shape your business is in, here are tax moves to consider now.
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J&J is seizing on cheap pandemic funding available in the booming U.S. corporate bond market to raise enough money to pay for its acquisition of Momenta, and more.
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A US Air Force F-16 pilot just battled AI in 5 simulated dogfights, and the machine emerged victorious every time DARPA An artificial intelligence program developed by Heron Systems went head-to-head against a seasoned Air Force F-16 pilot in a simulated dogfight Thursday. Heron's AI achieved a flawless victory with five straight wi...
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Warren Buffett's Berkshire Hathaway has scored an $80 billion gain on Apple -- more than the famed investor's entire net worth Paul Morigi / Stringer / Getty Images Warren Buffett's gain on his Apple investment exceeds his personal fortune. The billionaire investor's Berkshire Hathaway conglomerate spent about $35 billion to buy 245 million Appl...
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US ecommerce sales boomed despite retail struggles in Q2 2020 US ecommerce sales surged 44.4% annually while retail contracted in Q2. This increase should push retailers, solutions providers, and issuers to quickly adjust their operations as the pandemic stretches on. Insider Intel...
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Steve Bannon was arrested on a $28 million yacht owned by an exiled Chinese billionaire -- take a look inside REUTERS/Nathan Layne/File Photo; Courtesy of EJ Greenspan; Taylor Nicole Rogers/Business Insider One-time Trump campaign adviser Steve Bannon was arrested on fraud charges aboard a $28 million yacht off the coast of Conn...
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Alibaba Cloud's future is still bright, despite US efforts to thwart its growth Alibaba Cloud revenue grew 59% YoY to $1.7 billion for Q2 2020. China's cloud market still has considerable room to grow, which will help Alibaba build momentum in the face of potential US sanctions. Alibaba's cloud busi...
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11 science-backed ways your parents' behaviors shaped who you are today Larry Busacca/Getty Business Insider analyzed research that has shown many ways our parents' behavior shapes our own habits. A mother's mental health has a significant effect on their child's behavioral and emotional pro...
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Four Tips For Making The Most Of Your Online Company Meetings The result of a structured meeting where you're gathering feedback, promoting positivity and touching base with your employees is a business with a recipe for success.
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Why Perfection Is Counterproductive Right Now 2020 has threatened to undo me. Prior to the pandemic, I was confident in my naturally empathetic leadership approach, managing 10 employees and 10 clients. But I also knew when to stand my ground. Strong and soft. I beg...
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You might be surprised by how much your sanity and ability to work or study from home will be improved by a pair of affordable noise-blocking headphones.
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The best vacation rentals in Colorado on Airbnb and Vrbo

Business Insider - 21 Aug 2020 23:10
The best vacation rentals in Colorado on Airbnb and Vrbo As travel resumes following the novel coronavirus, many are looking for safe vacations that are close to home and prioritize the great outdoors for optimal social distancing. Colorado counts over 24 million forested acre...
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