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Business News

Location American Business News for 27 August 2020
Watch The 'Fortnite' Chapter 2, Season 4 Cinematic 'Nexus War' Trailer Right Here Marvel's finest superheroes, from Iron Man to Wolverine, have landed in 'Fortnite' for Season 4 and the Nexus War. Watch the cinematic launch trailer right here.
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Restream launches Studio tool and raises $50 million

Venture Beat - 27 Aug 2020 17:52
Restream raised $50 million in a series A funding round, and the company is also launching its Studio tool for its growing audience.
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Bitkraft Ventures, a venture capital fund focused on gaming, esports, and interactive media, has raised $165 million for its fund.
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BlackRock power players

Business Insider - 27 Aug 2020 13:20
BlackRock power players The top finance stories for August 27, including the news on Apple expanding its NYC footprint and a pitch deck for a payments-as-a-service fintech.
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Fed Sets Stage for Longer Periods of Lower Interest Rates

The New York Times - 27 Aug 2020 16:25
Fed Sets Stage for Longer Periods of Lower Interest Rates Jerome H. Powell said the central bank would focus its efforts on maintaining a strong labor market while allowing for periods of higher inflation.
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Berbix raises $9 million to verify IDs with AI

Venture Beat - 27 Aug 2020 16:05
Identity verification startup Berbix has raised $9 million in a funding round that will be use to grow its team and customer base.
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U.S. Government Bond Yields Fall After Fed Policy Shift

Wall Street Journal - 27 Aug 2020 15:40
Treasury yields fell after the Federal Reserve said it would drop its longstanding practice of pre-emptively lifting interest rates to stave off rising inflation.
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The Day Malcolm X Was Killed

The New Yorker - 27 Aug 2020 12:00
Les Payne writes about the history of the shooting of Malcolm X, the evolution of his ideas about activism and civil rights leading up to his assassination, and the government's botched investigation of his murder.
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De Blasio's inability to make a decision could be death knell for NYC restaurants City restaurateurs reacted with shock and disbelief to Mayor de Blasio's lack of urgency to reopen eating places indoors -- an industry that employs over 300,000 people and is an indispensable part of the Big Apple's soc...
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Jeff Bezos is the first person in history to be worth more than $200 billion. Here's how the world's richest man makes and spends his fortune. Jeff Bezos is the wealthiest person alive -- and the first in modern history to accumulate a fortune over $200 billion.
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Abbott soars 10% after its 15-minute COVID-19 test wins FDA approval The new COVID test will be accompanied by a free smartphone app that will allow a user to display their test results at schools and workplaces.
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New York attorney general probes perplexing Trump Tower Chicago loan deal New York attorney general Letitia James is probing a perplexing Trump Tower Chicago loan deal.
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US officials reportedly considered using a 'microwave weapon' that can cause second-degree burns to deter migrants at the Mexico border The Active Denial System is billed as "nonlethal," but tests show it can cause severe burns. It was last deployed by the US military in Afghanistan.
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Florida Becomes 33rd State To Sign Up For Trump's Extra Unemployment Payments The state will get about three weeks of benefits to start, but warned that the funding could run out "at any time."
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Vision On--Why 'Talking About Outcomes' May Be The Best Way To Pitch New Technology To Britain's NHS Video conferencing has become commonplace in the U.K. health system, but can a young technology businesses secure a foothold in this market in the face of competition from big players. Visionable founder, Alan Lowe says ...
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Design Lessons Businesses Can Learn from Hospital Signage in the Pandemic Key Insights: Ensuring that patients can find their way to the right locations is vital during the pandemic. Businesses can learn about keeping information concise, clear and well-designed from hospital signage. Every bu...
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TikTok Star Charli D'Amelio To Release First Book The book will include intimate details of the social media star's life, such as her experience with cyberbullying.
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After a waiting game early on Thursday, U.S. stocks moved higher at the open after the Federal Reserve outlined a new monetary policy approach.
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Chinese Tesla competitor Xpeng upsizes IPO, will now raise $1.5 billion amid strong demand Other Chinese automakers including Nio and Li Auto have enjoyed strong rallies on US exchanges as investors boost bets on the future of electric cars.
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The Gamescom opening ceremonies revealed that World of Warcraft: Shadowlands is launching on October 27.
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Bitcoin price hits $11.6K as Fed says it will let inflation pass 2% Loosening of inflation handling boosts Bitcoin in line with expectations that the Fed would inadvertently support safe havens with its decision.
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With BITKRAFT's $165M Game Fund Oversubscribed, Jens Hilgers Talks Investing Strategy Investor interest in the video game sector swelled BITKRAFT Ventures new fund by an extra $40 million, to $165 million, the VC announced. General Partner Jens Hilgers, a game industry veteran, talks investing strategies ...
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