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Business News

Location American Business News for 18 November 2020
Wheaton Precious Metals Stock Doubles, But Stay Invested For 20% More Gains Despite a formidable rise of 110% since its March lows of this year, at the current price of $45 per share, Wheaton Precious Metals stock is still undervalued. WPM's stock has rallied from $24 on 19th March to around $45...
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Covid-19 Treatment Approval To Drive Eli Lilly Stock Higher? Eli Lilly & Company stock is up 7% since the start of the year and it has gained around 19% from its March lows. LLY stock could offer an upside in the near term, as the company's revenues in the last two quarters have g...
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Two California Entrepreneurs Launch CBD And THC Ice Cream It's a treat that everyone loves and starting this week, Mellow Ice Cream, a new Los Angeles-based THC and CBD-infused ice cream offering, is making its delectable debut.
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Zcash celebrates first halving with implementation of 'Canopy' upgrade The upgrade establishes a development fund for the next four years and removes the controversial "Founders Reward."
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Who is billionaire Joe Mansueto? He now owns the Chicago Fire soccer team, the Wrigley Building and the Waldorf Astoria hotel. Billionaire Joe Mansueto last week paid more than $54 million for the Waldorf Astoria Chicago hotel, continuing a recent run of high-profile purchases in his adopted hometown.
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Purdue Gets Chapter 11 Approval of Justice Department Opioid Settlement A bankruptcy judge approved an $8.34 billion settlement between Purdue Pharma and the Justice Department that requires the drugmaker to plead guilty to three felonies over its marketing and distribution of OxyContin.
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Matthew McConaughey Floats Idea Of Running For Governor Of Texas "That wouldn't be up to me. It would be up to the people more than it would me," he said.
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New York Fed President John Williams said Wednesday he's more upbeat about the longer-run U.S. economic outlook than he was only two months ago.
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Daily COVID-19 deaths reach a record high, dampening recent optimism about the efficacy of vaccines currently in the final stages of testing.
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Bitcoin explodes above $18,000, taking its market capitalization to an all-time high -- and it's even exciting Hollywood Frenzy over Bitcoin's price caught the attention of Hollywood celebrity Maisie Williams who took a poll Tuesday on whether she should buy Bitcoin.
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Market's Vaccine Euphoria Was Bad News for Momentum Funds

Wall Street Journal - 18 Nov 2020 12:30
An abrupt reversal in many of this year's most-persistent market trends has hurt a cluster of computer-driven funds.
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These podcasting companies could be next to be acquired

Business Insider - 18 Nov 2020 05:05
These podcasting companies could be next to be acquired This week in advertising, we looked at the market for audio companies, streaming TV's profit problems, and more.
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Barr To Halt Prosecution Of Ex-Mexican Defense Minister Arrested In U.S. Mexico says it will investigate the military general and possibly bring charges against him, possibly ending a tense moment in the two countries' relationship.
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Trump's 'Post-Election Purge': Head Of Election Cybersecurity, 11 Other Top Officials Out The Trump administration's widely anticipated firing spree is well underway.
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36% of Americans Won't Move to Rural Areas Due to Slow Internet Speeds Slow internet speed in rural areas of America are stopping people from fleeing bigger cities.
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Walmart's Q3 Results Show Pandemic-Era Shopping Habits Are Likely Here to Stay Walmart enjoyed another solid quarter buoyed by ecommerce growth as customer behavior continues to shift from what it was prior to the pandemic to what it will become. On Tuesday, Walmart said Q3 net sales in the U.S. we...
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FAA certifies troubled Boeing 737 Max to fly again, but critics fear jetliner's 'basic aerodynamic problem' The Boeing jetliner has been grounded for 20 months following two international crashes that killed 346 passengers and crew.       
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A federal judge ordered the Trump administration to stop deporting migrant children who cross the US-Mexico border alone The Trump administration policy has resulted in thousands of rapid deportations of minors during the coronavirus pandemic.
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Daily Cartoon: Wednesday, November 18th

The New Yorker - 18 Nov 2020 17:11
Daily Cartoon: Wednesday, November 18th "Of all the gin joints in all the towns in all the world, she walks into mine after 10 P.M."
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52% Of Republicans Think Trump 'Rightfully Won' Election, Poll Finds There is no evidence to support any of Trump's "rigged" election claims, but they're still landing with his base.
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Silicon Valley Needs a Shakedown with Chamath Palihapitiya

Harvard Business Review - 18 Nov 2020 16:15
Investor Chamath Palihapitiya discusses venture capital, regulation, and investing for change.
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GM to Sell Car Insurance, Using Data on Your Driving to Set Prices The Detroit auto maker aims to leverage the reams of data generated by its cars to establish an auto-insurance business.
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