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Business News

Location American Business News for 17 October 2020
Shaq, Playboy and Nikola are all on the blank-check bandwagon, part of a boom in SPACs that is unsettling, writes columnist James Mackintosh.
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Supreme Court May Revive Trump Scheme To Exclude Undocumented Aliens From Figuring Of House Seats The Supreme Court will review a Trump plan that would exclude undocumented immigrants. That plan would shift House seats from Democratic to Republican states.
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Citadel Securities Sues SEC for Approving New Stock-Order Type

Wall Street Journal - 17 Oct 2020 02:04
Electronic trading giant Citadel Securities sued the Securities and Exchange Commission over the agency's decision to approve a new mechanism for trading stocks at upstart exchange operator IEX Group.
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Google can now help you figure out that song stuck in your head -- all you have to do is hum (or whistle) into your phone Google just launched its "hum to search" feature, which allows users to hum, whistle, or singin order to identify a song.
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For Robinhood, The Smartest Choice Is To Keep User Data Private Robinhood should maintain data privacy to shield retail investors from hedge funds and their own heat chasing tendencies.
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How Covid-19 Has Changed the Way People Should Save for College

Wall Street Journal - 17 Oct 2020 16:00
The pandemic and economic uncertainty is upending some of the old rules about building a college fund.
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Black Friday weeks away -- time to consider cheap TVs under $300 from TCL and Insignia? How bad is a $300 TCL/Roku TV compared to sets that costs $1,000 and up? Not bad, per se, but lacking in brightness and contrast, say experts.       
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Amazon Primes the Third-Party Pump

Wall Street Journal - 17 Oct 2020 15:30
With so much going its way already, one might wonder why Amazon.com keeps bothering with Prime Day. The answer is that it seems to have become a profitable endeavor.
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23% of Americans think the coronavirus was created in a Chinese lab, a survey suggests. Here's why that conspiracy theory is bogus. New research suggests that 22% to 23% of Americans and Britons believe the coronavirus was engineered in a Wuhan laboratory.
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Coinbase Received 1,900 Requests for Client Info From Law Enforcement During First Half of 2020 Coinbase has revealed that it received a total of 1,914 requests for customer data from global law enforcement agencies during the first six months of 2020. It is, however, not clear how many of the requests were fulfill...
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China As Climate Change Savior: The Triumph Of Hope Over Experience? President Xi Jinping recently told the UN that China aims for carbon neutrality by 2060. But the Chinese government, like its counterparts in India and other developing countries, knows that forsaking national economic g...
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Tech's Influence Over Markets Eclipses Dot-Com Bubble Peak

Wall Street Journal - 17 Oct 2020 02:26
Technology companies are set to end the year with their greatest share of the stock market ever, topping a dot-com era peak in the latest illustration of their growing influence on global consumers.
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VW truck unit agrees to buy rest of Navistar for $3.7 billion Volkswagen's commercial truck unit, Traton, has agreed to buy the rest of Lisle-based truck manufacturer Navistar International for $3.7 billion.
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Here's how the Big Tech breakup should go down

Venture Beat - 17 Oct 2020 19:25
A congressional subcommittee recommended a Big Tech breakup last week. Here's what should happen to Apple, Google, Facebook, and Amazon.
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A 'Static Shock' Movie Would Rectify A Major Problem Plaguing DC And Marvel Superhero Movies Modern pop-culture is dominated by adaptations of superheroes comics which were created 60-80 years ago. 'Static Shock' was created in 1993.
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On Friday morning as the OKEx withdrawal-freeze story twisted and turned, CoinDesk's editors had an off-the-cuff discussion about the fundamental realities and unique challenges of security for even the largest exchanges...
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Mission-driven cryptocurrency requires an active commitment to equity Crypto isn't inherently good in just its development and proliferation; the community must address the reasons causing financial exclusion.
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Amazon Primes the Third-Party Pump

Wall Street Journal - 17 Oct 2020 15:30
Amazon Primes the Third-Party Pump With so much going its way already, one might wonder why Amazon.com keeps bothering with Prime Day. The answer is that it seems to have become a profitable endeavor.
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MarketWatch's third annual Best New Ideas in Money explores innovative thinking with the potential to change how we live, work, spend, save and invest
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Calls to Businesses from Google My Business Up 61% During Pandemic

Small Business Trends - 17 Oct 2020 15:00
Calls to Businesses from Google My Business Up 61% During Pandemic Calls from Google My Business listings rose astronomically during the COVID pandemic, according to a new survey from CallRail.
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One safety measure is Monster Repellent -- an orange glow necklace that guests wear if they don't want anyone to come within six feet.
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As Hudson's Bay Closes In Downtown Winnipeg, Another Classic Department Store Building Goes Dark It's been decades since shoppers filled the aisles at the downtown Winnipeg Hudson's Bay Company. The classic department store, reduced in size and stature, will close next February.
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