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Business News

Location American Business News for 26 December 2020

Japan Plays Catch-Up in Venture Capital as Rivals Boom

Wall Street Journal - 26 Dec 2020 15:00
The U.S. and China send scores of startups to the public markets but, as the world's No. 3 economy, Japan faces hurdles to kicking its lagging startup scene into higher gear.
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President Trump's last-minute demands for the stimulus bill could add to delays in getting aid to jobless workers.
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Biden ally Larry Summers, a former treasury secretary, said $2,000 stimulus checks would be a 'serious mistake' that could overheat the economy Summers told Bloomberg he was "not even sure I'm so enthusiastic about the $600 checks," let alone $2,000 ones.
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Russian Parliament Foresees a Wave of Token Issuance for 2021 in the Wake of Crypto Law Promulgation The head of the Russian parliamentary committee on financial markets and the country’s first crypto law’s author is forecasting a “surge in token issuance” for 2021 in the wake of the promulgation expected to tak...
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Expert: Defi Could Be a Common Term in the Financial Industry in 2021 The founder of defi-related fintech Yield believes 2021 will be the year that decentralized finance (defi) becomes a “common term” in the financial industry, as the sector is now taking it seriously and building R&D ...
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Verily Just Raised $700 Million To Tackle Healthcare's Toughest Problems According to the company, "The capital will be used to support rapid expansion of some of Verily's leading commercial businesses."
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With just six days remaining during the early voting cycle and 10 days until the Georgia runoff elections for two U.S. Senate seats on Jan. 5, the two Democratic party candidates, Jon Ossoff and Rev. Raphael Warnock, too...
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Stimulus Package--What Could Happen Next

Forbes - 26 Dec 2020 19:30
Stimulus Package--What Could Happen Next Will you get a stimulus check?
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Taking a breath and maintaining grace under pressure will result in less impulsive, more far-sighted money decisions, experts say.
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The story behind the decline of advertising agency Crispin Porter Bogusky Business Insider spoke to 30 insiders who provided an in-depth look at what happened to the one-hot shop.
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Restaurant selection could shrink on food delivery platforms in the new year as regulation mounts.
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These are the Wall Street stories our readers loved in 2020 Insider's top finance stories for 2020, including profiles of power players, investigations on ugly breakups, plus hot trends and rising stars.
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Why some Americans don't believe in election results, according to a researcher who says it's related to the psychology of fairness Unfavorable outcomes push people to look for inconsistencies in the process and point out procedural flaws, especially when the decision is personal.
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What Happens to Covid Unemployment Benefits in 2021?

Wall Street Journal - 26 Dec 2020 15:37
What Happens to Covid Unemployment Benefits in 2021? Here's what we know about the status of pandemic unemployment programs scheduled to end Dec. 26.
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Bitcoin Hits $500K on Russian Crypto Exchange After Hackers Take Control -- Users Cry Exit Scam Cryptocurrency trading platform Livecoin claims that it has been hacked after the crypto community noticed the price of bitcoin shoot up to half a million dollars. Meanwhile, users are complaining that they cannot withdr...
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$8 billion was spent on political ads during 2020. The election proved that money was mostly wasted. $8 billion was spent on political ads in 2020 - the most in history - but there is little evidence those ads worked.
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Insiders cash out via IPOs as investor optimism becomes excessive, NDR says "While all these groups, with not great records, are investing heavily on the upside, the often smart money insiders are doing the opposite," NDR said.
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Holiday Sales Rose, but Not by Much

Wall Street Journal - 26 Dec 2020 14:00
Holiday Sales Rose, but Not by Much Total U.S. retail sales edged up as Americans ditched shopping in physical stores in favor of digital outlets, and pandemic buying trends for household goods over apparel continued.
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Satoshi Nakamoto from NSA, AntiChrist and Other Bitcoin Conspiracy Theories The most popular cryptocurrency, Bitcoin (BTC), is filled with conspiracy theories, ranging from the plausible to the downright absurd. Let's take a quick look at the most common Bitcoin conspiracy theories for a good la...
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Warren Buffett swapped stock for cocoa in the 1950s. Here's the story of the billionaire investor's chocolate arbitrage. "The profits were good and my only expense was subway tokens," the famed investor and Berkshire Hathaway boss said.
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Bond Boom Comes to America's Colleges and Universities

Wall Street Journal - 26 Dec 2020 12:33
Eyeing low rates and financial pressure tied to Covid-19, higher-education institutions are issuing a record amount of debt this year.
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On Friday, Sen. Lindsey Graham tweeted that President Donald "more determined than ever to increase stimulus payments to $2000 per person."
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