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Business News

Location American Business News for 13 October 2020
A growing number of people feel ashamed about claiming benefits., recent research suggests.
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Cruise Stocks Are Sinking-Again-After Royal Caribbean Reveals It's Raising A $1 Billion Lifeline America's three largest cruise lines made up Tuesday's worst-performing S&P 500 stocks.
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Europe Can Now Put Tariffs On $4 Billion In U.S. Products Each Year, Including Boeing Jets, Ketchup And Citrus Fruit The new decision from the World Trade Organization is related to an ongoing trade dispute between Europe and the United States over subsidies to aircraft manufacturers.
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Stocks Fall Despite Bank Earnings Blowout As Lack Of New Stimulus Continues To Weigh On Investor Sentiment JPMorgan's chief financial officer said Tuesday morning that the firm remains heavily weighted to economic downside scenarios, as uncertain-especially related to future stimulus-remains high.
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Microsoft's PlayFab game services division said it is cutting prices for its networked player game services such as game chat and data comms.
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Democrats Getting Frustrated As Amy Coney Barrett Stays Close-Mouthed Senate Democrats struggled to corner Amy Coney Barrett during the second day of Senate confirmation hearings.
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Christian Meissner will be co-head of international wealth-management investment banking advisory and vice chairman of investment banking.
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Airline stocks face another difficult trading day after a downgrade for American Airlines stock and weak quarterly results for Delta Air.
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European intelligence agencies are deploying resources to track QAnon as the conspiracy theory spreads beyond the US, sources say Traditionally, European intelligence agencies have been concerned with jihadism and domestic terror threats. QAnon is increasingly on their radar.
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Polish E-Commerce Platform Allegro Surges 63% On Stock Market Debut The IPO was the largest ever on the Warsaw Stock Exchange valuing the company at just over $19 billion after its first day of trading.
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Eli Lilly Covid-19 Antibody Treatment Trial Is Paused Due To 'Potential Safety Concern' President Trump has promoted the company's antibody treatment in recent videos.
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Fidelity says The age-old debate is over. Maybe.
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Apple added fast 5G wireless to its new iPhone 12 models. But it subtracted something else: Charging adapters. The iPhone models unveiled Tuesday will launch at different times. The iPhone 12 and 12 Pro will be available starting Oct. 23; the Mini and the Pro Max will follow on Nov. 13.
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JPMorgan, Citigroup Signal That Economy Isn't Out of the Woods

Wall Street Journal - 13 Oct 2020 19:55
Both banks reported better-than-expected results, but JPMorgan CEO James Dimon said the U.S. needs another coronavirus relief package.
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Only One Poll Shows Trump Leading. I Interviewed The Poll's Director. As poll after poll show a big lead for Joe Biden, I asked the Democracy Institute's Patrick Basham why his poll looks so different than the others - and why it's getting so little mainstream media play. .
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Social Security benefits will rise a modest 1.3% next year because of meager inflation.       
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Citigroup Pulls In $3.2 Billion In Profit As Banks Beat Expectations The Wall Street giant beat revenue expectations in the third quarter after agreeing last week to pay a $400 million penalty to regulators.
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3 Unexpected Lessons From the 'Dreams' TikTok On Sept. 25, Nathan Apodaca took a ride on his longboard, casually sipping a jug of Ocean Spray Cran-Raspberry juice and lip-syncing to Fleetwood Mac's "Dreams." The resulting video and mood it evoked took the internet b...
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Citi posts its biggest quarterly profit of pandemic

American Banker - 13 Oct 2020 14:32
Citigroup posted its biggest quarterly profit of the pandemic after reaping another windfall from trading bonds and expressing newfound confidence in the resilience of its loan book.
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What Is The Key To Fixing America's Immigration Program Dealing with the 11 million illegal immigrants in America is a defining battleground in the presidential election. It will determine the kind of society America will be.
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Norwegian Cruise Line Climbs Again - Should You Ride The Momentum Now? Last month was a rollercoaster for cruise liners. First, stock prices declined because of a fresh wave of infections in key European markets casting clouds over near-term demand recovery. Then came the recovery. In fact,...
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BTS adverts and merchandise disappear in China after backlash over Korean War comments Superstar K-pop group BTS are facing backlash in China over comments made about the Korean War.
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