Finance

Ivy League First in Division I to Scrap Sports Competition

(Bloomberg) — The Ivy League canceled sports competition for the upcoming semester because of health and safety concerns about the coronavirus pandemic, becoming the first Division I conference in the U.S. to scrap football.

The conference, whose eight members include Harvard University, Yale University and Princeton University, made the move Wednesday, according to a statement.

“No decision has been made about competition in the winter or spring terms, including whether or not we can move fall sports into the spring,” the league’s executive director, Robin Harris, said in an interview. “There won’t be basketball games or hockey games or other sports in the fall.”

U.S. colleges are presenting their plans for the semester that begins in August or September, instituting steps for the safe return of students. They’re also deciding whether it’s too risky to resume the high-contact sport of football, which can bring in sizable revenue for a school

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Why Investors Should Keep an Eye on Changing Sales Strategies

In the first half of 2020, most car manufacturers are seeing decreased sales.

General Motors (NYSE:GM) recorded a 7% decrease in total vehicle sales in the U.S. during the first quarter of 2020 compared to the year-ago quarter, with sales falling 34% year over year in the second quarter. Ford (NYSE:F) saw a 21% decline in wholesales and a 15% decline in revenue year over year in the first quarter, with sales falling by a third in the second quarter compared to the prior-year quarter. Fiat Chrysler (NYSE:FCAU) reported a 15% decrease in revenue in the first quarter compared to the prior-year quarter. Even Tesla’s (NASDAQ:TSLA) second-quarter deliveries fell 4.9% compared to the year-ago quarter, despite the much-awaited opening of its Shanghai Gigafactory.

One reason for the decreased sales is likely lower income from high unemployment numbers. However, another big contributor is the fact that most car sales are made

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10 Best Personal Finance Courses

If you want to learn how to make smart financial decisions, save more and eliminate debt, you’re in luck. Today, there are plenty of online personal finance classes offering money-management lessons.

Still, “people need to keep in mind that online personal finance courses should be seen as an education resource and not specific personal financial advice,” says Drew Feutz, a certified financial planner at Market Street Wealth Management Advisors in Indianapolis. “The information learned from taking a personal finance course should be applied within the context of your own financial situation, rather than following everything that is taught 100% to a T.”

“Some things that you learn about in a personal finance course may not be applicable to you or may not be appropriate to implement in your own life,” Feutz adds, noting that too often, people read or hear something from a personal finance expert or a course that

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As Premieres Go Virtual, They Create New Rules For Celebrity VIPs

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Red carpets remain rolled up; theater reopenings are uncertain. And if you’re a publicist responsible for touting the latest in VOD, that means redefining success. Their goals are the same — make people want to see the movie or TV show and raise the profile of the project — but what does that look like when themed premieres and Instagram moments are nonstarters?

“Since social media results are the most salient ROI for virtual events, we’ve adjusted our lists slightly to focus more on filmmakers and influencers who have a voice on social media,” said Darin Pfeiffer of Pfeiffer Consulting. “While there are of course key tastemakers like Paul Thomas Anderson who aren’t on social media that we’ll always invite, we’ve definitely given priority to those who have a productive voice on social media.”

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How Fast Is Too Fast Where Fashion Is Concerned?

(Bloomberg Opinion) — Fast-fashion trailblazer Boohoo Group Plc is being forced to slow down.

Retailers including Amazon.com Plc, Next Plc and Asos Plc are dropping Boohoo products after a Sunday Times article alleged unfair working conditions in its U.K. manufacturing chain in Leicester, England. The company came under criticism from social influencers including former reality TV star Vas J Morgan and model Jayde Pierce. #Boycottboohoo has been trending on Twitter.

After losing 2 billion pounds ($2.5 billion) in market value this week, Boohoo said on Wednesday it’s launching an independent review of its supply chain led by Alison Levitt, a lawyer and former public prosecutor. It also cut ties with two suppliers that infringed on its code of conduct, but said there were inaccuracies in the newspaper report.

Even though the investigation will not be completed for some time, the fast-growing company, founded in 2006 to make cheap, catwalk-inspired fashions

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U.S. Cases at 3 million; Arizona, Florida See Rise: Virus Update

(Bloomberg) — The number of confirmed cases of Covid-19 in the U.S. has surpassed 3 million, representing more than a quarter of all cases globally, according to data compiled by Johns Hopkins University. The death toll sits at 131,594.

Arizona and Florida both reported increases in cases, but at lower rates than their 7-day averages. Meanwhile, in New York, Governor Andrew Cuomo said a decision on reopening schools won’t come until August. His statements followed tweets by President Donald Trump criticizing federal guidelines for reopening schools, and threatening to cut funding if schools don’t open before the November election.

Britain’s finance minister unveiled a plan to save jobs, and cut taxes on property and dining out to stimulate spending. France’s new prime minister said he would back targeted restrictions to preserve the economy if the country has a second wave of infections. Violence flared in Serbia, with Belgrade facing lockdown … Read More

Colleges reel from new immigration announcement

When Nay, a senior at University of Illinois at Chicago, came to the U.S. from Bogor, Indonesia, in 2017, she thought she’d get the most out of her university experience — working, studying, and experiencing life in America.

Even with the coronavirus outbreak, she remained optimistic. But on Monday, new visa restrictions announced by the federal government left her worried.

“It’s very disheartening and very confusing,” Nay, who didn’t want to use her last name, told Yahoo Finance.

Visa guidelines for international students announced by the Trump administration have thrown the entire higher education industry — from students to university deans — into a tailspin. For colleges already scrambling to figure out how to safely open their campuses this fall amid a pandemic, the industry now worries about its future.

“I mean, I have to be honest, this one caught me much more by surprise,” Greg Siskind, an immigration lawyer

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5 Growth-Focused Cloud Stocks to Buy Amid Coronavirus Crisis

The cloud computing space is benefiting from the changing consumer preference amid the coronavirus crisis. Cloud-based solution-providing companies are making the most of the battle against the pandemic, wherein mass gatherings are strictly restricted and people are being increasingly asked to work from home.

The shelter-in-place orders have fueled the demand for remote project collaborations, video conferencing, online classes, data storage, gaming, and e-commerce shopping. Such services are easily available with the help of cloud computing technology.

Moreover, big data has become one of the biggest assets for the healthcare industry. Storing and managing an enormous amount of data are of utmost importance, and cloud computing firms are emerging as key players in this regard.

Additionally, growing usage of cloud-based services is aggravating security lapses, inducing risks of hacking and phishing mails in the garb of coronavirus as the subject content. Also, usage of own devices and equipment that are

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‘My uncle was scammed three times in ten days during lockdown’

Over the course of the lockdown, according to Action Fraud some £4.6 million had been stolen
Over the course of the lockdown, according to Action Fraud some £4.6 million had been stolen

Lockdown is a lonely time for my widowed 83-year-old uncle. By nature gregarious and uncomplaining, he has so far endured over three months cheerfully enough, stuck alone in his retirement flat. But when his landline rings (he’s never got on with mobiles), he instinctively reaches for it as the chance for a chat. Or he did.

Over the last ten days, those on the other end of the line have scammed him on three separate occasions. The cumulative effect has left him so anxious and self-doubting that now he thinks twice before picking up.

He is just one of many. Over the course of the lockdown, according to Action Fraud, the UK’s online centre for reporting fraud and cyber crime, some £4.6 million had been stolen – through fake online sales, bogus cold-calls, and

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Singapore in Survival Mode Looks to Reinvent Itself. Again

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The pandemic is proving the ultimate test for Singapore, the tiny city-state that has a reputation of reinventing itself during times of crises.

Dismissed in the past as just a “little red dot” on the map, dwarfed by larger neighbors like Malaysia and Indonesia, and with no natural resources to speak of, Singapore has nonetheless transformed itself into one of the richest and most competitive economies in the world. The island nation of almost 6 million people punches above its weight as a leading international finance hub.

As Singapore’s leaders now grapple with what’s turning out to be the worst slump since independence in 1965, the ruling party is looking to extend its mandate in Friday’s election to help reinvent the economy once again. They’re already positioning for a post-Covid world with planned investment

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