Talking Biz News Today – August 28, 2020

Some of Friday’s top business news stories:

Associated Press

Fed: Rates to stay ultra-low even after inflation picks up, by Martin Crutsinger

Walmart joins Microsoft in bid for video app TikTok, by Joseph Pisani, Zen Soo

CNN

Lord & Taylor is closing all of its stores after 194 years in business, by Jordan Valinsky

90% of employers say working remotely hasn’t hurt productivity, by Jeanne Sahadi

The Wall Street Journal

America’s Energy Corridor Narrowly Averts Direct Hit From Hurricane Laura, by Rebecca Elliott Collin Eaton, Dan Molinski

Millennials Help Power This Year’s Housing-Market Rebound, by Nicole Friedman

CNBC

Ford and Fiat Chrysler remain under federal investigation in union corruption probe, by Michael Wayland

25% of U.S. malls are expected to shut within 5 years. Giving them a new life won’t be easy, by Lauren Thomas

Reuters

Musk confirms Tesla Nevada factory was target of ‘serious’ cyberattack, by Bhargav Acharya

U.S. labor market recovery slowing; economists urge more fiscal stimulus, by Lucia Mutikani

News about business journalism

How the WSJ is using a course-style newsletter to provide personal finance

Real Deal reporter Larsen moves to New York

The Real Deal South Florida hires Millward