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Economic news

July jobs report: Here's what 5 economists are saying - Business Insider - Business Insider

"We're still far from any sort of healthy labor market right now," Nick Bunker, an economist at Indeed, told Business Insider.
Carmen Reinicke

Zillow CEO: Real estate market is beginning 'great reshuffling' as people seek more space at home - CNBC

The pandemic so far has accelerated trends of people fleeing large, expensive U.S. cities, While shopping is up everywhere, Barton said the company is seeing a "deceleration of migration" to cities and expects it to accelerate.
Jessica Bursztynsky

Bob Greenblatt, Kevin Reilly Out at WarnerMedia in Management Shakeup - Variety

In a massive executive shakeup at WarnerMedia, both Bob Greenblatt and Kevin Reilly are exiting the company. More to come…
Joe Otterson

Teladoc: A Leading Digital Med Play Following The Livongo Deal - Seeking Alpha

Teladoc is acquiring Livongo at a revenue multiple which is roughly twice its own valuation. The deal premium seems a bit rich, which explains a cautious reaction by investors of Teladoc, despite the promise of huge synergies down the road.
The Value Investor

Delta CEO: 'Well over 100 people' have been banned from flying after refusing to wear masks - CNN

Dozens of people have been barred from flying on Delta airplanes for refusing to comply with the airline industry's mask policies, Delta CEO Ed Bastian told CNN's Julia Chatterley on Friday.
Jackie Wattles, CNN Business

FDA Approves Genentech's Evrysdi (risdiplam) for Treatment of Spinal Muscular Atrophy (SMA) in Adults and Children 2 Months and Older - Business Wire

Genentech, a member of the Roche Group (SIX: RO, ROG; OTCQX: RHHBY), announced today that the U.S. Food and Drug Administration (FDA) has approved Evr

San Francisco sushi restaurant now putting diners inside geodesic domes - Fox News

San Franciscans can now enjoy the "unique multi-course dining experience" — at $200 per person
Michael Bartiromo

Dow Jones Stays Red, Nasdaq Slumps As Trump China Order Offsets Jobs Data - Investor's Business Daily

The Nasdaq turned sharply lower and the Dow Jones Industrial Average stayed red as President Trump's China order offset a better-than-expected jobs report.
Investor's Business Daily

Norwegian Cruise Line CEO ‘Astonished’ People Are Still Booking Cruises - Forbes

The company reported a 99% decline in revenue during the second quarter.
Sergei Klebnikov

Dish Loses 96000 Subscribers, Highlights Business Pros and Cons of Pandemic - Hollywood Reporter

"The COVID-19 pandemic has caused significant disruption," says the company in reporting quarterly drops in traditional pay TV and streaming customers, but also notes "positive" factors.
Georg Szalai, Etan Vlessing

Better-Than-Expected U.S. Jobs Data Seen as Last of ‘Easy Gains’ - Yahoo Finance

NBC Entertainment To Undergo “Broader Culture Assessment” Along With Investigation Into Former Chairman Paul Telegdy - Deadline

NBCUniversal is expanding the probe into workplace culture at NBC Entertainment beyond the ongoing investigation triggered by professional misconduct allegations against former Chairman Paul Telegdy. In an internal memo, Mark Lazarus, Chairman, NBCUniversal T…
Nellie Andreeva

NYC's Levain Bakery cookies to hit supermarkets this fall - Fox Business

Janine Puhak

Work From a Poolside Cabana and Get an ‘Executive Assistant’ With MGM Resorts’ New ‘Work From Vegas’ Package - Travel + Leisure

What happens in Vegas could be broadcasted in the company Zoom meeting.
Cailey Rizzo

Buffett's Berkshire expected to post a quarterly earnings surge as market comeback boosts portfolio - CNBC

Investors are preparing for a variety of news in Berkshire Hathaway's second-quarter earnings report this weekend.
Thomas Franck

Trump order against Tencent likely won’t impact video games - Polygon

Despite some unclear wording, President Trump’s executive order banning WeChat will not affect Tencent’s other holdings including major video game developers like Fortnite’s Epic Games or Riot Games, the company behind League of Legends.
Austen Goslin

Cadillac Lyriq EV: GM reveals all-electric luxury SUV to compete with Tesla Model X and Y - CNET

The Lyriq is the first vehicle built on General Motors' new electric architecture.
Craig Cole

Your UPS packages could get a lot more expensive this fall - CNN

Shopping online during the upcoming holiday season could get more expensive if it's delivered by UPS.
Jordan Valinsky, CNN Business

CDC: 4 people dead, 11 others hospitalized after ingesting hand sanitizer - The Denver Channel

The Centers for Disease Control and Prevention say four people have died and 11 others have been hospitalized after they ingested hand sanitizer.
Sarah Dewberry

Companies apologize after using the Māori word for 'pubic hair' - CNN

A beer brand in Canada and a leather shop in New Zealand have apologized after they came under fire for unwittingly taking their name from the Māori word for pubic hair.
By Sara Spary, CNN