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Business News

Location American Business News for 1 September 2020
Tesla taps into red-hot investor demand with up to $5 billion in new shares sale Tesla announces $5 billion in new shares sale, equal to around just 1% of its market cap.
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Fear Of Second Major Oil Spill In Mauritius As Oil Barge Sinks In Coral Lagoon Mauritius faces a second major oil spill overnight as vessels transporting oil from the Japanese-vessel, the Wakashio, collide and sink in the North of the country within the coral lagoon. Several of the tugboat crew are...
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Trump's TikTok Tactics Provoke New Chinese Export Controls To Counter CFIUS President Trump's flailing decision-making about the future ownership and U.S. operations of the Chinese firm ByteDance's TikTok app marks a stark departure from the century-long era of the U.S. serving as the global bea...
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J.C. Penney Pitches Chapter 11 Sale to Lenders as Other Bidders Balk The retailer is flirting with collapse, eager for lenders to agree to buy its assets out of bankruptcy after talks broke down with potential bidders including landlords.
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Walmart Plus, Walmart's Amazon Prime competitor, will costs $98 a year when it launches on September 15 Walmart Plus, the company's shopping subscription service, comes with free delivery of over 160,000 items and discounts on gas.
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Motion-detection cameras could also show officers' locations in a standoff or compromise officer safety, the FBI report said.
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Gap and its family of brands sold $130 million worth of masks last quarter.
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New York City Coffee Shops Keep Brewing Minus a Few Perks

Wall Street Journal - 1 Sep 2020 16:00
New York City Coffee Shops Keep Brewing Minus a Few Perks The years leading up to the coronavirus pandemic were a golden era for the city's coffee scene. But the crisis has been a real test for specialty coffee shops.
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Foldable Phones Have Flopped, but Samsung Hopes New Model Will Flip the Script Samsung, which is launching the Galaxy Z Fold 2 Tuesday, has a lot riding on making foldable handsets a success.
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The Democrats' report says that "a lack of oversight and accountability" may have diverted large chunks of the funding away from those who needed it.
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Stocks are poised to see a correction of up to 10% that zaps euphoria from market, SkyBridge Capital co-CIO says Troy Gayeski said that a "flat money supply" and an S&P 500 that's trading at 20 times earnings could lead to this correction.
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AT&T Explores Potential Sale of Xandr Digital Ad Unit

Wall Street Journal - 1 Sep 2020 16:01
AT&T Explores Potential Sale of Xandr Digital Ad Unit The telecom giant had hoped to use its scale and AppNexus deal to build up an advertising business.
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S&P 500 Witnesses Its Record August In 34 Years - What Comes Next? It was the U. S. stock market's performance in August that produced flashing headlines.
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Analysts predict Yearn Finance's ETH vault could spark renewed Ether bull run Excitement for Yearn Finance's yETH vault has reached a fever pitch after rumors of the product's release circulated on Twitter.
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3 Messages On Essential Workers Hazard Pay That You Need To Know Now Over the past six months, Congress passed three different coronavirus relief packages and spent trillions of dollars in an effort to buttress the struggling economy. Yet, not one dime--none a single cent--has been specif...
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U.S. Restaurant Industry Fights To Stay Afloat As COVID-19 Takes Its Toll A new ad from industry group The National Restaurant Association seeks to remind diners of these sensory elements of the restaurant experience -- a savvy move as restaurants cautiously reopen with proper sanitation proto...
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Meet Bold Health: Digital Therapeutics Startup Helping People To Improve Digestive Health Story of how two entrepreneurs are using mobile apps and Cognitive Behavioural Therapy to help people improve their digestive health.
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How This 32-Year-Old Entrepreneur Makes Over $80k A Month Blogging Meet Adam Enfroy, an ex-digital marketer turned full-time blogger who launched his blog last year and is on track to make 7-figures in 2020 helping new bloggers make life-changing money in months, not years -- as he just...
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American manufacturers grew again in August for the fourth straight month, but companies still aren't bringing back lots of workers or seeking to invest with the coronavirus pandemic still weighing heavily on the economy...
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Europe can "conquer the pandemic" by learning to live with it without waiting for a COVID-19 vaccine, WHO regional director for Europe Hans Kluge said on Tuesday.
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US stocks trade mixed amid strong earnings and healthy Chinese manufacturing data A Chinese manufacturing gauge rose in August to its highest level since January 2011, signaling continued strength in the country's economic recovery.
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The largest election bet this campaign was placed on President Donald Trump to win another four year term, according to U.K. exchange Betfair.
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