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Business News

Location American Business News for 3 December 2020
Irish airline Ryanair's purchase is a boost for the Max, which was grounded after two deadly crashes.
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What About Gen Z

Forbes - 3 Dec 2020 22:30
What About Gen Z Gen Z may never own a car and 9/11 is something they learned about in history class, not something that shaped their world viewpoint like the millennial generation.
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Dollar Stores Start Moving Upmarket

Wall Street Journal - 3 Dec 2020 21:22
Dollar General and Dollar Tree are raising their sights to higher-margin items such as party goods and home accessories.
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OPEC Plus Agrees To Ramp Up Production By 500,000 Barrels Per Day Starting January, Ending Bitter Standoff In Bid To Save Oil Prices Oil prices have jumped 20% in the past month alone--after a historic plunge this spring.
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International Oil Benchmark Weighs Adding U.S. Crude to Mix

Wall Street Journal - 3 Dec 2020 23:47
Brent crude, the international gauge for oil prices, may be overhauled to reflect the growing importance of U.S. exports in global energy markets.
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Snowflake's Cloud is Particularly Dense

Wall Street Journal - 3 Dec 2020 19:56
Fast-growing company's business model based on cloud-based data makes forecasting a challenge, and its nosebleed valuation risky.
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Alarmists are pushing a false narrative on the US economy. Here are the clear and obvious reasons to be hopeful about an American bounce back. Pessimists are scared of a double-dip recession. But if you look at the data, there are great reasons to be optimistic about the US economy in 2021.
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The ESA said the U.S. game industry generated economic output of $40.9 billion in 2019 and provided direct employment to 143,045 people.
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Pfizer CEO Is 'Confident' In Covid-19 Vaccine Rollout And Looking Beyond The Pandemic At the 2020 Forbes Healthcare Summit, Albert Bourla is already looking beyond his company's vaccine success and into a post-pandemic world.
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Bitcoin Volatility Reached 5-Month High In November A measure of bitcoin price volatility hit its highest since June last month, as the digital currency's price pushed higher. When will bitcoin break through $20,000?
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A study from researchers at the University of Cambridge shows that smartphone PINs and texts could be inferred by smart speaker recordings.
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Heroes have arrived in Game of Thrones: Conquest, the mobile game created by Warner Bros. Games and HBO. It's the biggest update in years.
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The Boeing 737 MAX Question Is About Price, Not Sales

Wall Street Journal - 3 Dec 2020 21:01
Ryanair's decision to buy another 75 units of the recently ungrounded plane is good news for Boeing, but the deal is probably happening at a heavily discounted price.
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Here's a plan everyone can get behind
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Will Houston Rockets Star James Harden Publicly Demand Trade? Lately, Harden is best known as the guy who turned down a two-year, $103 million extension with the Rockets because he wants to be traded to Brooklyn in order to reunite with former Thunder teammate Kevin Durant.
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Top Consumer Stocks For December

Forbes - 3 Dec 2020 23:44
Top Consumer Stocks For December While all the buzz of late has been vaccine news, covid cases, and stimulus, people are forgetting that it's the holiday season. This is the best time of year for consumer stocks, and we had our AI identify the top 10 co...
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A real estate limited partnership (RELP) is a private investment that pools investors' funds to buy and develop properties. Payouts come from sales.
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A U.S. subsidiary of Swiss-based energy firm Vitol Group agreed to pay $90 million to settle criminal charges that its employees paid bribes to gain an advantage when bidding for oil in Brazil, Mexico and Ecuador.
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Meet The World's Newest--And Youngest--Self-Made Billionaire: Luminar's Austin Russell The 25-year-old wunderkind who started his company after dropping out of Stanford as a teenager is officially a billionaire as his company that makes sensors for self-driving cars went public through a SPAC.
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If HSBC's selling its branches, who's buying?

American Banker - 3 Dec 2020 16:36
The U.K. banking giant is reportedly mulling an exit from retail banking in the United States. It could attract more interest if it tries to sell its network in pieces instead of looking for a single buyer, analysts say.
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Column: Beware of 'debt parking' -- fake debt planted by collectors in your credit file Debt parking is when a collector places dubious obligations on your credit file so they'll surface when you apply for a loan or seek a job, making it likely you'll pay just to make the problem go away.
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5 Solutions To Your Legacy Technology Transformation Woes Embrace the fast capabilities of digital transformation and say goodbye to old legacy technology.
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