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Business News

Location American Business News for 16 October 2020

Max Osceola Jr., Seminole Tribal Leader, Dies at 70

The New York Times - 16 Oct 2020 17:16
Max Osceola Jr., Seminole Tribal Leader, Dies at 70 He helped his tribe go from operating roadside bingo games to owning the Hard Rock chain, ushering in an era of prosperity. He died of the coronavirus.
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String of Firms That Imploded Have Something in Common: Ernst & Young Audited Them The Big Four accounting concern reviewed the books of Wirecard, Luckin Coffee and other companies where investors lost billions when scandals emerged. The firm, which caters to fast-growing tech startups, says it unearth...
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'Enormous wall of money' will send Bitcoin to $1M in 2025 -- Raoul Pal The largest cryptocurrency will "massively outperform gold" before that, says the Real Vision founder.
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Have a question about retirement, including where to retire? Email [email protected]
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A New Big Bank Is Born: First Citizens Buys CIT Group To Create A $100 Billion Institution Shares of First Citizens are surging 12% on news of the $2.2 billion deal.
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How Much Retirement Savings Is Enough? Why Couples May Disagree

Wall Street Journal - 16 Oct 2020 12:00
Women have good reason to be more anxious about the size of a nest egg.
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Top Stocks To Short Today As Dow Ends Losing Streak With Gains Stocks were set to sharply rise today after slumping for three days in a row. Today's tone has certainly shifted after jobless claims disappointed yesterday. The deep learning algorithms are here for you to navigate thes...
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"Doing nothing is not the first and best option," Walmart CEO Doug McMillon said in an interview.
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Members of Congress sent a letter to the Privacy and Civil Liberties Oversight Board asking the agency to investigate federal surveillance at protests.
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Markets this year have soaked up a record-breaking wave of new bond sales from companies looking to amass cash to get through the economic disruptions caused by the Covid-induced crisis.
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Pfizer Will Seek Emergency Approval For Covid-19 Vaccine In November, After Election The U.S. Food and Drug Administration needs at least two months of safety data before authorizing emergency use of any experimental Covid-19 vaccine.
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Behind The Curtain--Chapter 11 From The Inside--Chapter 13--Lawsuits In Bankruptcy There are certain types of lawsuits that can be filed during a bankruptcy case.
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Chinese CEO Of OKEx Crypto Exchange 'Arrested' Again; Whales Bail Star Xu is MIA. One of China's biggest cryptocurrency exchanges sees massive outflows as CEO situation questionable.
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Trump Administration Refuses To Give California Federal Aid For Wildfires The rejected application comes after Trump has repeatedly blamed the state's fires on poor "forest management."
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Working from home, in your bed? You're not alone. Mattress sales are soaring during the pandemic. Immersed in a work-from-home revolution, Americans are working from their beds, watching movies in the sack and upgrading their sleep gear amid COVID.       
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Bank of America is applying a familiar arsenal -- including APIs and its popular virtual assistant, Erica -- to online business banking, cross-border payments and cash management in an effort to modernize those services.
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The Federal Communications Commission will begin a rule-making procedure that could scale back legal protections for social-media platforms, in a step toward the Trump administration's goal of combating what it views as ...
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Republicans Clash on Stimulus Package as Trump Says 'Go Big'

The New York Times - 16 Oct 2020 00:25
Republicans Clash on Stimulus Package as Trump Says 'Go Big' The president said he wanted a much larger package than the $1.8 trillion measure under discussion. The top Senate Republican said his party could not accept a deal anywhere near that big.
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Big Banks Prioritized Billions In PPP Funds For Wealthy Clients At The Expense Of Struggling Small Businesses, House Report Finds Lenders processed larger loans for wealthy customers at more than twice the speed of smaller loans for the "neediest" small businesses, the report claims.
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Adweek Gets a Cameo in Emily in Paris

AdWeek - 16 Oct 2020 20:10
Adweek Gets a Cameo in Emily in Paris If you're one of the many marketers who cozied up to watch Netflix's lighthearted new series Emily in Paris this month, you may have heard a familiar name in the first minute of the first episode. After a morning jog in ...
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Regulatory Holdups Slow Ant Group's IPO Plans

Wall Street Journal - 16 Oct 2020 19:38
A window is closing for Chinese financial-technology giant Ant Group to pull off a record-breaking initial public offering ahead of the U.S. presidential election, as regulators in mainland China and Hong Kong have yet t...
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U.S.'s China Hawks Drive Hard-Line Policies After Trump Turns on Beijing After focusing on a trade deal, President Trump has toughened his stance toward China, raising the prominence of hard-liners in his administration.
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