Category Archives: Business

UBS CEO Ermotti on Earnings, Shareholder Payouts

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UBS Group AG Chief Executive Officer Sergio Ermotti, who hands over to Ralph Hamers at the end of the month, discusses the Swiss lender’s better-than-expected third-quarter profit, shareholder payouts and the outlook for the global economy amid the coronavirus pandemic. He speaks with Bloomberg’s Manus Cranny from Zurich.
Bloomberg Markets and Finance News video.

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Oil Market Facing Too Much Uncertainty, FGE Says

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Sri Paravaikkarasu, director of Asia oil at industry consultant FGE, discusses the outlook for the market. Oil slid toward $40 a barrel in New York with OPEC+ warning of a precarious outlook for the market as a resurgent virus hits consumption. Paravaikkarasu speaks with Rishaad Salamat and Haslinda Amin on “Bloomberg Markets: Asia.”
Bloomberg Markets and Finance video.

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Cuomo urges against non-essential travel to NJ, CT

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The latest update to the Tri-State Travel Advisory that requires travelers to self-quarantine for 14 days includes both New Jersey and Connecticut, but New York Governor Andrew Cuomo said enforcement for neighboring states is “not practical” while urging against non-essential travel.
Eyewitness News ABC7NY video.

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Intel Agrees to Sell Storage Unit to SK Hynix for $9 Billion

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– Intel Corp. has agreed to sell its Nand memory unit to South Korea’s SK Hynix Inc. for $9 billion as part of a broader effort by the U.S. chip maker to concentrate on its core business. Bloomberg’s Sohee Kim reports on “Bloomberg Markets: China Open.”

Bloomberg Markets and Finance
News video.

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Кevin Durant On Building His Brand And His Legacy

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Kevin Durant is using his power as an athlete to fuel his future as a businessman. Durant signed a $164 million contract with the Brooklyn Nets in the summer of 2019 and a ten-year, $275 million Nike shoe deal that assumes his continued superstardom. With those two alone, he will earn more than $70 million this season without suiting up for a single game. Durant’s goal is to turn that income into assets at a scale few athletes not named Jordan or LeBron have attempted….
Forbes News video.

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New K-Pop Billionaire: Agency CEO Behind BTS Sees Massive Gains After Historic IPO

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Big Hit Entertainment, the agency behind BTS, K-pop’s most popular boy band, raised 963 billion won ($840 million) from 7.13 million newly issued shares, marking South Korea’s biggest IPO since 2017, when Celltrion Healthcare raised 1 trillion won….
FORBES news video

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How Amazon Prime Day drove record numbers for third-party sellers

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CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, CNBC.com speaks with eMarketer’s principal retail analyst Andrew Lipsman on what the most recent numbers released about Amazon’s Prime Day mean for the tech giant and the rest of the retail sector.

CNBC News video.

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The Electric Pickup Truck War Is Here

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The electrification of the pickup truck, America’s most beloved automobile, could finally jolt EVs fully into the U.S. mainstream. It also promises a huge payday for the companies that can make them affordable. The players in this potentially lucrative market aren’t just the traditional, deep-pocketed automakers, mind you: there’s a batch of well-funded startups going head-to-head in the coming fight
#Accelerate #ElectricVehicles #Trucks #Business

QuickTake Originals Bloomberg’ video,

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Inside Lucid Motors’ Plan To Take On Tesla

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Lucid Motors is the latest EV startup to enter the market. In September, it unveiled its Air luxury sedan to the world, and teased its SUV concept. But the company has challenges ahead before it can become the next Tesla. CNBC spoke to Lucid CEO Peter Rawlinson, a former Tesla chief engineer, to learn about the company’s plan to take on the electric-car pioneer. »

CNBC News video.

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Coronavirus stimulus: No aid for airlines without bigger stimulus bill: Nancy Pelosi

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Yahoo Finance’s Julie Hyman reports on the latest news from Nancy Pelosi that there will be no stand alone airline stimulus bill.
#coronavirusstimulus #airlines #COVID19stimulus #COVID19 #Business
Yahoo Finance video

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USPS has been losing money for years. Here’s why

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It’s no secret that the United States Postal Service has been losing money for a long time, but that’s not entirely its fault. Here are the real reasons it’s in the red. Produced by John General Supervising Producer Bronte Lord
#Post #Business #USPS
CNN Business News video.

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The Daily Check-In: The Implications of Rising Inflation

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Ben Snider, senior strategist on the US Portfolio Strategy macro team for Goldman Sachs Research, discusses the prospect of rising inflation as a potential headwind for equities. This video was recorded on October 02, 2020

Goldman Sachs
video,

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‘Truck Drivers Don’t Have Their Own Security’

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Mike Kucharski, the co-owner and vice president of JKC Trucking, spoke with the Daily Caller’s Samantha Renck about blue-collar workers’ support for President Trump, the first presidential debate and more.
Daily Caller News video.

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