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Business News

Location American Business News for 15 December 2020
Unable To Bridge Gap On Toughest Issues, Bipartisan Negotiators 'Implore' Congress To Vote Now On Parts Of $908 Billion Stimulus Plan The centrist group touted their legislative language as a "gift" to leaders racing to pass more coronavirus relief before Christmas and said they'd keep working on unresolved state aid and Covid-19 lawsuit protection iss...
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Daily Cartoon: Tuesday, December 15th

The New Yorker - 15 Dec 2020 18:39
Daily Cartoon: Tuesday, December 15th "Are we there yet?"
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This Black-Owned App Wants To Make Finding (And Reviewing) Something To Watch Easier Than Ever Entertainment journalist and producer Chris Witherspoon has launched a new app, PopViewers, that helps users identify and critique the shows and movies they watch.
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Spelunky 2 is coming to Nintendo Switch

Venture Beat - 15 Dec 2020 19:10
Spelunky 2 is coming to Nintendo Switch. Developer Mossmouth is working with Blitworks to bring Spelunky and its sequel to the handheld.
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Vulkan Ray Tracing is here thanks to an updated Vulkan development kit as well as updated video card drivers from AMD and Nvidia.
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OneFootball To Take Over Soccer Streaming App Dugout In $61 Million Deal OneFootball, one of the biggest players in new soccer media, has announced that it has acquired a major rival, the streaming platform Dugout.
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As some fear downturn in downtown real estate due to pandemic, Southbank developer doubles down with luxury condos at The Reed The Reed will join The Cooper, which opened in 2018, on the South Branch of the Chicago River, as part of the Southbank development in the South Loop.
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NDI Screen Capture HX is available now, and it uses Nvidia GPUs to accelerate production video sent over a network.
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Cramer says the return of the stay-at-home trade is here even as excitement over the vaccination has given investors hope that the pandemic will soon come to an end.
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Game engine maker Unity has acquired RestAR, a Tel Aviv-based computer vision and deep learning company that enables AI-based 3D capture.
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Marriott Lays Off Hundreds of Workers at Times Square Hotel

Wall Street Journal - 15 Dec 2020 14:00
Marriott Lays Off Hundreds of Workers at Times Square Hotel The world's largest hotel company is laying off 850 employees from the New York Marriott Marquis as Covid-19 pummels the city's hotel industry.
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Thefts of food items and baby supplies are rising, highlighting America's desperation as lawmakers fight over the details of a new pandemic relief bill Feeding America said in October this year, as a result of the pandemic, as many as 54 million Americans could become food insecure.
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Controversial Ukrainian Oligarch Is Reportedly Mining Bitcoin in the US One of the wealthiest oligarchs in Ukraine and a former governor in one of the country’s regions are reportedly mining bitcoin in a factory located in the U.S. Ukrainian Businessmen Are Reportedly Running Crypto Mining...
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Are Investor Expectations Too Low?

Forbes - 15 Dec 2020 23:49
Are Investor Expectations Too Low? Although we're not past the pandemic, the political chaos, or the pandemic recession, Commonwealth CIO Brad McMillan sees better times ahead.
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Signal Says E-Commerce Stock Could Climb Higher Com (JD) are down 0.9% at $76.26 at last check, continuing a steady trail downward from its Nov. 6 all-time high of $92.77.
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Senate Leader McConnell Vows 'We're Not Leaving' Without Covid-19 Relief As Rank And File Stews Over Lack Of Stimulus Checks McConnell's pledge to stay in Washington matches an earlier one by House Speaker Pelosi, as key stimulus players are set to meet this afternoon.
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Airbnb Stock Down 25% Since IPO, Three Billionaire Cofounders Lose $5 Billion In 3 Trading Days Wall Street's still eyeing an additional 25% downside to current price levels.
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European Bank Dividend Ban Lifted, but Restrictions Remain

Wall Street Journal - 15 Dec 2020 21:36
European banks can resume dividends next year and are cautioned not to go overboard on staff bonuses given the economic crisis.
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Pelosi, McConnell, Schumer, And McCarthy Set For Pivotal Stimulus Meeting Ahead Of Friday Shutdown Deadline The leaders will need to grapple with state and local aid and Covid-19 lawsuit protections for businesses.
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This Is How Much Plastic From Amazon Deliveries Ends Up In The Ocean Amazon shipped some 7 billion parcels last year. Now, a new report has shed light on how much of the plastic packaging used in those deliveries ends up polluting the marine environment.
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Big Pharma Passes Its Annual Checkup

Wall Street Journal - 15 Dec 2020 19:51
Upbeat outlooks from AbbVie and Lilly don't depend on coronavirus drugs, which should have investors encouraged.
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These 5 Questions Show What People Say About Cancelling Student Loans Will your student loans get cancelled?
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