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Business News

Location American Business News for 24 December 2020
What Are You Paying For in a $300 Chess Set? Mostly the Knights The horses in higher-end wooden sets must be hand-carved, a long, specialized process to make sure all four are exactly the same.
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Why Kansas City Chiefs Pending Free Agent Le'Veon Bell Can Enhance His Value On a one-year deal, Le'Veon Bell needs to play well in place of the injured Clyde Edwards-Helaire to bolster his free-agent value.
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Why Joe Biden Won't Cancel Your Student Loans Joe Biden likely won't cancel student loans--and his comments today confirmed the same.
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Charles Dickens, the Writer Who Saw Lockdown Everywhere

The New Yorker - 24 Dec 2020 13:00
Charles Dickens, the Writer Who Saw Lockdown Everywhere For the novelist, imprisonment wasn't just a stain on society; it was an aspect of the self.
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Down Almost 20% This Year, Is Edison International Stock Attractive? Edison International, a utility holding company that runs Southern California's primary electric utility, has seen its stock decline by about 18% year to date significantly underperforming the S&P 500 which is up by abou...
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Talks regarding a possible acquisition by PayPal of bitcoin custodian BitGo have fallen through, Fortune reported, citing multiple sources.
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Trump pardoned Jared Kushner's dad Charles, who was convicted of tax crimes, witness tampering, and illegal campaign contributions Real estate mogul Charles Kushner's criminal record of tax evasion, witness tampering, and illegal campaign contributions was wiped clean.
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Livecoin asked clients to stop making deposits and trading after suffering a "carefully planned attack."
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Retailers like Amazon are still offering overnight deliveries on thousands of items for Christmas Day.
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The CEO's dangerous rip in his aorta came as the pandemic began to ravage the economy. The two emergencies would test the foundations of America's largest bank.
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Alibaba Shares Plunge 12%, Stocks On Track To End Week In The Red As Stimulus Uncertainty Remains Before Christmas U.S.-listed Chinese tech giants are falling Thursday after a regulatory blow to China's largest ecommerce firm.
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Why Dividend Cuts Don't Really Matter To These 2 Funds Can a dividend cut actually be a good thing?
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Alibaba stock plunges after China launches antitrust probe Alibaba Group’s stock price plunged Thursday as Chinese regulators launched an antitrust investigation into the e-commerce giant. Alibaba’s New York-listed shares dropped about 9.9 percent to $230.80 in premarket tra...
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Cryptocurrency exchange Binance announced Thursday it is closing its Korea operations after eight months of operating due to low usage and volume.
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Trump leaves town for Christmas at Mar-a-Lago as Democrats plan to vote on $2,000 stimulus checks Congress is expected to consider increasing the size of COVID-19 stimulus payments as soon as Thursday after Trump trashed their bipartisan deal.
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Yankee Candle's massive semi-annual sale is here--here's what to shop This incredible Yankee Candle sale is your chance to stock up on all your favorites scents and more.       
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What Does the Brexit Deal Mean for Financial Services?

Wall Street Journal - 24 Dec 2020 20:20
Now outside the EU, the future size and influence of London's finance industry is in question. Here are five things to know about how the agreement could impact the industry in the U.K. and the European Union.
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The post-COVID sales tech stack is replacing what was a cumbersome and often expensive on-site sales funnel.
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Elon Musk says bringing his companies under one roof is a 'good idea' What do brain implants, space rockets and electric cars have in common? Elon Musk, Tesla’s billionaire chief executive, said he’s open to the possibility of joining his various businesses under one umbrella, similar ...
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Treasury Yields Slip in Holiday-Shortened Session

Wall Street Journal - 24 Dec 2020 19:22
Government-bond yields declined after the EU struck a trade deal with the U.K., ending more than four years of uncertainty between the two major U.S. allies.
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As COVID-19 eviction crisis looms, $5,000 housing grants come from unlikely source: Beyonce Beyonce has used her BEYGood Impact Fund to help small businesses, food pantries and those needing mental health support during the COVID-19 pandemic.
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Why China Turned Against Jack Ma

The New York Times - 24 Dec 2020 16:48
Why China Turned Against Jack Ma The Alibaba chief paid for pushing back against Beijing. But the shift in attitude also speaks to a growing wealth gap and diminished opportunities for the young.
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