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Business News

Location American Business News for 29 December 2020
New York Approves Its First Publicly Available Japanese Yen Stablecoin The New York State Department of Financial Services, the Bitlicense regulator, has authorized GMO to issue U.S. dollar and Japanese yen-pegged stablecoins. The latter “will be the first of its kind available to the pub...
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If your cheese contains fillers, it's not '100% grated parmesan,' appellate court rules A federal appellate court has sided with consumers in a false advertising suit against several major makers of grated parmesan cheese, sending the companies back to court nearly five years after a news story sparked a wa...
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All Cap Analysis: Only One Sector Has A Rising ROIC In 2020 This report analyzes the drivers of economic earnings [ROIC, NOPAT margin, invested capital turns, and WACC] for the NC 2000 and each sector since 1998.
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Food and Drug Administration's list of disinfecting products that consumers should avoid grows ever longer.
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Stock Futures Point to Extension of Record-Setting Rally

Wall Street Journal - 29 Dec 2020 14:35
S&P 500 appears poised to climb to a new all-time high, building on its over 15% advance so far this year.
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House Passes $2,000 Stimulus Check Bill, But The Plan Will Face Opposition In The Senate Despite Trump's insistence on larger payments, not all Republicans support them.
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Mild Winter Weather Hammers Natural Gas in December

Wall Street Journal - 29 Dec 2020 21:53
Natural-gas prices are heading for their biggest monthly drop in two years, stung by warmer-than-expected weather forecasts that are denting demand for the heating fuel.
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There's "a lot of buzz" about the past year's tech-led stock market gains setting the stage for a repeat of the turn-of-the-century bust of the dot-com bubble, notes a prominent Wall Street researcher. But there's one bi...
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House lawmakers slap down Trump's veto of $740 billion defense bill, now heads to Senate for final showdown The House vote to override Trump's veto sets up the scene for the first potential override by both chambers during his White House tenure.
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United Consumers Credit Union names insider as president

American Banker - 29 Dec 2020 20:00
Jay Neathery has taken over for Chris McCreary, who stepped down as president of the institution but is staying on as executive vice president.
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American Democracy Might Bend But It Won't Break In an effort to sound like the smartest guy in the room, I often challenge the idea that electoral and legal institutions in the United States are stronger than those in developing countries.
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Tesla will reportedly soon add support for Apple, Amazon Music Tesla, whose high-tech vehicle software already supports Spotify integration, is reportedly working to add both Apple Music and Amazon Music to its roster. Unlike other cars, which mirror the contents of a linked smartph...
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The U.S. is not vaccinating nearly enough people yet to make an impact on the pandemic America is administering vaccines at a rate of one million a week—far too slow to reach herd immunity by summer. Operation Warp Speed is sputtering. Under the Trump administration’s vaccination roll out, the goal was...
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Bernie Sanders hopes to force Senate vote on $2,000 stimulus checks The senator is threatening to hold up a vote on defense funding until Republicans consider legislation on direct payments to Americans.
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Here's A Road Map For Chicago Cubs To Keep Swinging Big After Darvish The immediate future doesn't have to look bleak for the Cubs after dealing Yu Darvish to the Padres for Zach Davies and teen-aged prospects. If the ownership mandate isn't to completely gut the payroll, they could retool...
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Your 2021 Budget: Plan Ahead, but Not Too Far Ahead

Wall Street Journal - 29 Dec 2020 15:00
2020 taught us to expect the unexpected. For the year ahead, consider making a budget with that in mind.
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The elio can only be used for payments to small and medium-sized businesses.
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Are You Misdiagnosing Your Customer's Pain Point? Pain point + targeted solution = loyal, happy customer
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Digital Currencies Could Outshine SWIFT System, Says Central Bank of Russia's Deputy Governor The first deputy governor of the Central Bank of Russia (CBR) has been vocal in a recent online meeting, reported by Russia Today (RT), about the topic of digital currencies challenging the SWIFT international payments s...
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JPMorgan Chase is buying Stamford, Conn.-based cxLoyalty, a major credit card loyalty platform, in a bid to enrich its own card loyalty programs when travel resumes following the global pandemic.
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10 Charts Show Trump's Economy Is Losing Steam Even with the recently signed relief bill it may not be enough to get the economy rolling again
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SAP Unit Qualtrics Heads for IPO

Wall Street Journal - 29 Dec 2020 01:38
Germany business software giant SAP paid around $8 billion for Qualtrics two years ago, in one of the biggest acquisitions ever.
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