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Business News

Location American Business News for 28 December 2020
Toyota Launches C+pod Electric Vehicle In Japan Toyota has launched a new electric vehicle that's small enough to maybe fit under a Christmas tree, and plenty cute as well.
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AstraZeneca's vaccine could facilitate a swift ramp-up of vaccinations given that it does not require ultra-cold storage like the mRNA vaccines do.
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Covid Relief Bill: Catalyst For Enthusiastic Boom Relief bill carries unemployed to a more opportunistic time
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How FreshDirect delivers 100,000 grocery orders across NYC each week With stay-at-home orders in place in NYC beginning in March, e-grocer FreshDirect saw an unprecedented spike in demand for online grocery deliveries.
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"ACTING ON INFORMATION, China's State Administration for Market Regulation [SAMR] has started investigation [into] Alibaba Group for alleged monopoly conduct including implementing an 'exclusive dealing agreement'." This...
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Barnes & Noble Education CFO Eyes More Cuts as Campuses Remain Closed The university bookstore chain has slashed jobs and other expenses during the pandemic.
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Ethereum surges past $730: What comes next after the massive rally? Ether price has surged past $730 in a strong overnight rally, breaking out against Bitcoin.
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Oil's Turbulent Year Stirs Debate on Relevance of Benchmarks

Wall Street Journal - 28 Dec 2020 13:45
For some traders, U.S. crude futures prices plunging below zero in April highlighted their flaws as a global benchmark. Brent is wrestling with its own challenges.
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Forbes Finance & Investing Awards 2020: Here Comes The Biden Bull Market There was unbelievable uncertainty throughout most of the year, but amid it all, everyone on Wall Street--from billionaire investors to hidebound millennial day traders in their pajamas--got rich. Here are our choices fo...
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Among S&P 500 Companies Only Two Outperformed Bitcoin This Year Source: Adobe/temp-64GTX To call 2020 a bumper year for bitcoin (BTC) is something of an understatement, with the most popular cryptocurrency surging to break all sorts of price records while the value of other, more tra...
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Europe's Auto Makers Euphoric After Brexit Deal Agreed, Chaos Avoided Europe's auto manufacturers were breathing sighs of relief as a Brexit free trade deal was agreed. If indeed Brexit is settled, the auto industry must face down existential problems like the upcoming electric revolution.
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20% Downside For Littelfuse Stock?

Forbes - 28 Dec 2020 15:00
20% Downside For Littelfuse Stock? Littelfuse stock (NASDAQ: LFUS) is up almost 30% since the beginning of this year, and at the current price around $250 per share, we believe that Littelfuse stock has over 20% potential downside. Why is that? Our belief...
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Companies Seek to Green the Grid With Trash Gas

Wall Street Journal - 28 Dec 2020 12:30
Companies' rush to affiliate with the reduction of greenhouse gases is making a big business out of harnessing the methane seeping from heaps of organic waste.
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Beyond Coronavirus And Economic Relief: What Voters Want What do Americans want president-elect Biden to do? What do recent polls tell us about Joe Biden's mandate? Actually, quite a lot.
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Onshoring Can Overcome Supply Challenges and Hasten Product Delivery When It's Needed Most The corporate world has been forever changed by the coronavirus pandemic, leaving many to wonder what comes next. Retailers were physically shuttered during the stay-at-home period, but restrictions and requirements -- o...
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Despite 100% Gains, Essent Group Has More Room To Grow After more than a 100% rally since the March 23 lows of this year, at the current price of $44 per share, we believe Essent Group Stock can still grow. Essent Group, which offers mortgage insurance, reinsurance, and risk...
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Why Penn National Gaming Stock Looks Pricey

Forbes - 28 Dec 2020 14:00
Why Penn National Gaming Stock Looks Pricey The shares of Penn National Gaming have more than doubled since February highs primarily due to the strong success of its Barstool Sportsbook App, which has become the most downloaded sports betting application in the co...
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China's Empire of Concrete

Wall Street Journal - 28 Dec 2020 13:52
The Chinese housing market has boomed, outstripping the rampant growth of the economy itself. This is how the nexus of households, local governments, banks and developers functions.
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'Dumb' Blockchains Keep Gaining Adoption, Gold Is 'Lame' - Vitalik Buterin We live in a world where blockchains and cryptocurrencies are well poised to play an important part, though for reasons much more complex than many people think and it has "as much to do with cultural forces as anything ...
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Warren Buffett drinks 5 cans of Coke a day - here's why he switched from Pepsi after nearly 50 years Berkshire Hathaway's billionaire boss changed sodas after an old neighbor sent him samples of Cherry Coke in 1985.
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Taking stock of a remarkable year in asset and wealth management The story of 2020 for asset managers was undoubtedly the industry's many deals. For wealth managers, it was a year of fierce competition for talent.
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U.S. stock-market futures gained late Sunday, after President Donald Trump backed down from his threats and signed a nearly $900 billion coronavirus aid bill that will avert a government shutdown.
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