Oil markets: Saudi Arabia, coronavirus

Oil prices dropped more than 1% on Monday after earlier hitting their lowest since July as Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months while optimism about demand recovery cooled amid the coronavirus pandemic. Brent crude was at $42.21 a barrel, down 45 cents or 1.1% by 0439 GMT, after earlier sliding to…

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Is Your Business Catering to Its Customers Or Its Product?

September 8, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. Convincing buyers to open their purse strings for your product is the goal of any business. To that end, many entrepreneurs spend their early years obsessed with their product, working to ensure nothing on the market compares. Regardless of intent, spending the bulk of your energy…

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Black business owners face longer path to recovery and greater need for stimulus, Goldman Sachs survey finds

Summary List Placement Black business owners are feeling a disproportionate amount of economic pain and face a steeper climb to pre-pandemic activity, Goldman Sachs found in a recent survey. The coronavirus pandemic slammed communities of color harder than others through the spring. The survey, conducted from September 1 to September 2, signals the groups’ recovery will be similarly difficult….

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Aurora Cannabis has tumbled 90% over the past year. Its new CEO shares how he plans to reset the company’s reputation and turn around the business.

Summary List Placement Aurora Cannabis on Tuesday named Miguel Martin its new CEO and said it would take up to $1.4 billion in goodwill impairment charges when it reports earnings on September 22. Martin, formerly the CEO of hemp company Reliva, joined Aurora in May after the Edmonton-based cannabis producer acquired Reliva. Martin was named chief commercial officer in…

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What Entrepreneurs Can Learn from the Business Successes (and Failures) of Artists

September 9, 2020 5 min read Opinions expressed by Entrepreneur contributors are their own. In business, there’s a common misconception that the world of the visual arts and the corporate world are diametrically opposed. Artists — so this misconception goes — work purely in pursuit of a passion without concern for financial gain. On the other hand, starting a business…

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Seed, Sow, Water, Grow: 4 Expert Tips to Secure Angel Investment for Your New Business Venture

September 8, 2020 7 min read Opinions expressed by Entrepreneur contributors are their own. Without angel investors, most startups wouldn’t be able to survive. In the U.S. alone, angel investors pour $25 billion into 70,000 companies every single year. Yet despite being such key players in early-stage companies’ growth, many founders have limited knowledge of how to access angel…

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Experts say Trump’s war on TikTok could have a lasting impact on trade and might force tech companies to choose between doing business in the US or China

Summary List Placement Chinese-owned TikTok is under pressure from President Donald Trump to sell its US operations or face a ban — but China responded last week by implementing new export rules that could give it power to veto the sale. While companies including Microsoft, Walmart, and Oracle were reportedly bidding to buy TikTok, the new rules from China…

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