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Business News

Location American Business News for 25 August 2020
Top Stocks To Buy Today As Dow Drops Amid Low Consumer Confidence Markets are mixed with the Dow and S&P 500 trading lower and Nasdaq Composite marginally higher. Additionally, consumer confidence that came in this morning was much lower than what was expected this morning. We've used ...
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UK rides the wave of micromobility by embracing e-scooters Lime launches service in Milton Keynes with additional schemes planned for Northampton and Cambridge by Voi The UK's journey to legally embrace e-scooters has taken another zip forward with the start of a full-scale ride...
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General Atlantic, Sequoia Are Drivers in Oracle TikTok Bid

Wall Street Journal - 25 Aug 2020 01:12
General Atlantic, Sequoia Are Drivers in Oracle TikTok Bid Two top investors in TikTok's Chinese parent company are vying to be part of a deal for the U.S. operations of the video-sharing app as it seeks to avoid a ban by the Trump administration, according to people familiar wi...
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Best Buy's Growth Crimped by Product Shortages

Wall Street Journal - 25 Aug 2020 16:12
Best Buy's Growth Crimped by Product Shortages The electronics retailer's online sales surged in the latest quarter as consumers bought laptops, appliances and other items that help them work and cook from home, but executives said product shortages crimped the gains...
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Warren Buffett's $123 billion Apple stake is worth more than Starbucks, Boeing, and IBM Lucas Jackson/Reuters Warren Buffett's Apple position is worth more than Starbucks, Boeing, or IBM. The billionaire investor's Berkshire Hathaway has a 5.7% stake worth $123 billion, surpassing the market capitalizations...
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WattBuy specializes in energy intelligence and has come up with a way to calculate the electricity cost and carbon footprint for most U.S. homes.
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Roman Reigns Leading RETRIBUTION Could Salvage WWE Ratings As WWE viewership continues to be stagnant, it's time for a long-term change in the Roman Reigns character.
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Why 150 Million People In Six Red Sea Countries Should Be Watching Mauritius' Oil Spill Response 150 million people in six Red Sea countries are at risk from a disintegrating oil tanker, that is risking the entire regions with an ecological and humanitarian catastrophe. What can these countries learn from how a majo...
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Apple reportedly acquired VR startup Spaces as it continues its buying spree and foray into virtual and augmented reality (AAPL) Josh Edelson/Getty Images Apple has acquired VR startup Spaces, Protocol reported Monday. Spaces, which creates themed virtual environments, had raised nearly $10 milion, according to PitchBook, but Protocol reported tha...
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Safety, the coronavirus and tax policy are making people want to leave major U.S. cities, Starwood Capital founder Barry Sternlicht told CNBC.
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Market is signaling that 2021 economic recovery will be 'pretty darn good,' Morgan Stanley investment chief says Bloomberg TV Mike Wilson told CNBC that the stock market is signaling a "pretty darn good" economic recovery in 2021. The Morgan Stanley chief US equity strategist said that how the economy gets to this recovery is irrel...
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Social Security could be depleted by 2023 if Trump eliminates the payroll tax, chief actuary says Reuters The Social Security trust fund would be exhausted by 2023 if payroll taxes were eliminated, the Social Security Administration's chief actuary said in a letter to four Democrats. Trump has said he would move to e...
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There are less than two dozen Black-owned banks in the U.S., and not one manages more than $1 billion. For Black business owners and communities of color to create wealth, that needs to change, yet the trend is not neces...
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US stocks extend record highs on encouraging signs of China trade-deal progress Spencer Platt/Getty Images US stocks climbed on Tuesday after the US and China held talks on trade, signaling that the two are still working towards resolving trade disputes. "The parties also discussed the significant i...
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Noncash and card-not-present payments have soared in popularity in the UK Noncash and card-not-present payments have soared in popularity in the UK in the wake of the pandemic. And these changes in payment behaviors offer opportunities that would benefit card networks, issuers, and payments so...
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Snowflake Leads Software IPO Filing Bonanza Including Asana, JFrog, Sumo Logic, Unity Software None of the companies are profitable.
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Cindy Crawford seeks $16 million for Beverly Hills Midcentury Supermodel Cindy Crawford and her husband, businessman Randy Gerber, are asking $15.995 million for their Beverly Hills Midcentury.
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Luxury brands are reportedly opening 'shops' on Amazon in September, just in time for runway show season According to reports, Amazon is understood to be giving each brand full control over the look and feel of its virtual store.
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Vote by mail rules differ by state. Here's a map showing how it works where you live. REUTERS/Jason Redmond Most states will allow all voters to vote from home in this November's presidential election due to the COVID-19 pandemic. Just six states — Indiana, Louisiana, Mississippi, South Carolina, Tennes...
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ConsenSys Acquires Enterprise Blockchain Quorum From JPMorgan Source: Adobe/William (edited by Cryptonews.com) ConsenSys, a major Ethereum (ETH) and blockchain software company, has today announced the acquisition of Quorum, an enterprise blockchain unit developed by the U.S. inves...
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The discount grocer Lidl is opening 50 new stores. See if it's coming to your town. Business Insider/Hayley Peterson Lidl will invest more than $500 million to open 50 new stores by the end of 2021. The stores will be located in Delaware, Georgia, Maryland, New Jersey, New York, North Carolina, Pennsylv...
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Some Mortgage Lenders Are Asking, Do You Really Plan to Pay This? Millions of borrowers have asked to skip monthly mortgage payments in the coronavirus recession. Some lenders are asking would-be borrowers to pledge they don't plan to do the same.
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