Business News, 23 Oct 2020 | 15 Minute News - Know the News
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Business News

American Business News for 23 Oct 2020

Annual pay rate to move mail across a 700-mile highway route is one of the highest among 1,600 USPS contracts last quarter.
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Iraq Emerges as New Front forPersian Gulf waters off Iraq have become an important waypoint for Iranian oil smugglers looking to avoid U.S. sanctions, according to American officials, who expressed frustration with Baghdad.
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Coke is killing 200 brands:Iconic drinks like Tab will soon be no more. When you think of Coca-Cola, your mind probably immediately goes to the company’s biggest brands: Coke, Diet Coke, Sprite, Fanta, and Tab. However, the... company actually has more than 500 brands worldwide. The bad news, if you’re a Coke fan, is Coca-Cola is taking a machete to its brand lineup and severing 200 brands from its portfolio by the end of the year. Read Full Story
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Babymetal, BTS, NCT AndKeep an eye on Refund Sisters, who may quickly become K-pop superstars.
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Whistleblower Awarded OverThis marks the highest amount ever awarded to a whistleblower by the SEC.
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Intel's earnings prompted a selloff, but in a conference call with analysts, CEO Bob Swan expressed optimism about the future.
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Merchants Expand Customer BaseThe economic uncertainty brought on by the pandemic has been tough on consumers and merchants alike.
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The Memphis company is looking to take out more costs than initially planned due to the economic uncertainty brought on by the coronavirus pandemic.
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A value investor who used to have a great record just called it quits. Maybe that means bargain hunting for stocks is about to make a comeback--but don't hold your breath.
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Small business owners are not just waiting for additional stimulus money from Washington, they need clarity on how the IRS will tax their PPP loans.
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I'm a Walmart delivery driverBrenda Brown, 57, is a delivery driver for Walmart and a graduate student studying healthcare administration.
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People want to protect theirData privacy researchers say companies need to be more explicit about how they're protecting use data in order to manage customer expectations.
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One technical indicatorThe token's 14-day Relative Strength Index passed 80 in Thursday trading. Readings above 70 suggest an asset is overbought.
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Average Rent In ManhattanThere are about 30,000 more apartments available to rent in Manhattan than there were at the same period in 2019, a 70% increase.
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More than 700 leadingPresident Donald Trump has "a poorly-informed, zero-sum view of economics that engenders needless viciousness and cruelty," the economists wrote.
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Chinese Firms Could TakeA former Chinese IT minister says blockchain is still in its infancy and Chinese firms are poised to take the global lead - while there is also evidence to suggest that China's mega tech companies are... making steady progress with their blockchain projects. Per The Paper, Wu Zhongze, a leading digital economics expert and the former Chinese Vice-Minister for Science and
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Wells Fargo is exploring the sale of its asset management unit, a business that could fetch more than $3 billion, according to a person briefed on the matter.
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Claw-back drama for old bonuses to top bank execs includes former CEO Lloyd Blankfein and reportedly Gary Cohn.
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Tesla recalling 30,000 cars inTesla is recalling roughly 30,000 imported cars in China that have problems with their suspensions, regulators said Friday. The electric-car maker has identified two different suspension defects in... some imported Model S and Model X vehicles produced between Sept. 17, 2013, and Jan. 15, 2018, according to China’s State Administration for Market Regulation. More than...
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Women Are Underrepresented InAccording to She Is The Music, only 21.7% of women are artists, 12.5% of women are songwriters and only 2.7% of women are producers. Streaming and discovery platform, LÜM, is trying to change that by... giving women democratization of their own creative work.
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Coca-Cola would likely remove more brands from its "hydration" category, which includes Dasani, Powerade, and Smart Water, CEO James Quincey said.
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PayPal In M&A Talks WithMike Belshe, Co-founder and CEO of BitGo. Source: a video screenshot, Youtube/Bloomberg It seems that online payments giant PayPal has bigger plans in the Cryptoverse. Within weeks, the company could... reach a deal to buy US-based major crypto custodian BitGo, Bloomberg reported, citing undisclosed people familiar with the matter. However, talks could still fall apart and PayPal could opt to buy
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Digital asset manager Grayscale Investments has acquired an additional $300 million in cryptocurrencies over the last 24 hours. See also: Grayscale Tells SEC Its Bitcoin Trust Rose $1.6B Over Six... Months
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Intel Corp. had a slightly disappointing third quarter, noting that its business has been reversed in the pandemic, but some investors appear to be betting that the chip giant lost some market share... to its biggest rival.
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Google, IBM rush to sell banks cloud software

American Banker - 23 Oct 2020 03:00
As the pandemic speeds digital adoption at financial institutions, the technology giants are pitching products that scan in data from mortgage documents and provide security and compliance controls... used by in-house tech developers.
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