Monthly Archives: September 2020

Bank review, current USBR score and consumer report

How a company that makes COVID tests is keeping its own 50,000 employees safe

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Among its many lines of business, Siemens Healthineers, the medical technology company headquartered in Germany, produces diagnostic tests for various diseases. So by mid-March, Deepak Nath, the company’s president of Laboratory Diagnostics knew this was uncharted territory. “You’re in…

Looking to a buy a car? A national shortage means you’ll probably pay more

Car sales plummeted in the spring, causing shipment lots to overfill and forcing cargo ships to hold new vehicles at sea for weeks. And with few sales and facing state shutdown orders, auto manufacturers like Ford Motor and General Motors halted production lines. It was starting to look like another automotive crisis. But fast-forward to August, where monthly vehicle sales…

WeChat gets a temporary reprieve from Trump’s ban

The Trump administration’s curbs on WeChat were put on hold by a judge, upending an effort to halt use of the Chinese-owned app in the U.S. U.S. Magistrate Judge Laurel Beeler in San Francisco issued a preliminary injunction at the request of a group of U.S. WeChat users, who argued the prohibitions would violate the free-speech rights of millions of…

Inside the weird new world of social ‘forex’ trading—where you sign up friends, and some report risky red flags for investors

Complicated dance moves, soothing videos, funny couple challenges…a hive of foreign exchange day traders? Of all the subcultures on Twitter, TikTok, and Instagram, this is one of the most improbable—and riskiest—to emerge. But it’s a real and growing trend. Slinging “forex” (short for foreign exchange trading) used to be reserved for specialty desks on Wall Street, where experienced traders made…

This trio of Gallup polls spells a warning for Trump

With 44 days until the U.S. presidential election, it may seem to many as if the death of Supreme Court Justice Ruth Bader Ginsburg has dramatically changed the political calculus—shifting the national conversation away from President Trump’s performance in office and refocusing voters on the battle over who, ultimately, gets to select Justice Ginsburg’s replacement. But a wealth of new…

Trump approves TikTok deal involving Oracle, ending international standoff

Donald Trump approved Oracle’s bid for the U.S. operations of TikTok “in concept,” a deal forced by the president’s orders last month declaring the popular video-sharing app a national security threat. “I have given the deal my blessing. If they get it done that’s great. If they don’t, that’s OK too, ” Trump told reporters Saturday as he left the…

Self-driving cars will hit the Indianapolis Motor Speedway in a landmark A.I. race

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. Next year, a squad of souped-up Dallara race cars will reach speeds of up to 200 miles per hour as they zoom around the legendary Indianapolis Motor Speedway to discover whether a computer could be the next Mario Andretti.…

Planning to fly for the holidays? 6 things to know before you book

Whether it’s to see family or just to get away for a little vacation, holiday travel for many Americans means hopping a flight in November, December, or January. And traditionally, right around now is when many people start looking for deals. This year? It’s going to take a while for the public to feel comfortable boarding a plane in a pandemic,…

Apollo’s Stephanie Drescher on running a global investment firm from her living room

Like most working parents, Stephanie Drescher’s days have looked a lot different since March, when the coronavirus pandemic shut down offices and schools alike—forcing millions of parents and children to see a lot more of one another during business hours. Of course, that’s been a good thing in many ways. For Drescher—a senior partner at Apollo Global Management, one of…

How data helped keep Red Bull’s F1 team on track during the pandemic

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. The reception area at the Aston Martin Red Bull Formula 1 Racing team’s headquarters in the English city of Milton Keynes, a commuter-belt town about 55 miles north of London, features a soaring two-story display case packed with silver,…

11 Things You Should Know Before You Get Your First Credit Card

A credit card may seem like just another tool to help you make purchases, but it can be much more. When used responsibly, a credit card can help you build

What Is a Balance Transfer, and Should I Consider Doing One?

In a perfect world, no one would carry a balance on their credit card. We would all pay our bills in full each month and never have to worry about

How Is Credit Card Interest Calculated?

So your bank tells you that your credit card has a 15% APR. What does that actually mean? How does your bank calculate your interest rate, and how does that translate into how much you actually pay? …

What Is a Balance Transfer, and Should I Consider Doing One?

In a perfect world, no one would carry a balance on their credit card. We would all pay our bills in full each month and never have to worry about

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