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Business News

Location American Business News for 7 January 2021
A major chunk of trading in euro-dominated shares has been moving from London to European continental exchanges since the beginning of the week, after the U.K. left the European Union single market.
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US Dollar Crashes To USD 40,000 per Bitcoin

Crypto News - 7 Jan 2021 20:15
US Dollar Crashes To USD 40,000 per Bitcoin Source: Adobe/Fox_Dsign It took 17 days for the most popular cryptocurrency, bitcoin (BTC), to jump from USD 20,000 to USD 30,000, and less than a week to hit USD 40,000. At the time of writing (18:16 UTC) it reached thi...
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The lending fintech agreed to merge with SPAC Social Capital Hedosophia.
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Twitter Faces a Trumpless Future

Wall Street Journal - 7 Jan 2021 23:08
Removal of the widely followed president may hurt engagement, but the social network needs to bear the cost.
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Evaluating The Package Of Players Tampa Bay Rays Received For Blake Snell The Tampa Bay Rays gave up former Cy Young Award winning pitcher Blake Snell in trade to the San Diego Padres. They received four quality players with upside in return.
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Is Restaurant Brands' Stock Undervalued At $60? Having remained nearly flat in 2020, Restaurant Brands' Stock has growth potential in the near term. QSR's stock remained nearly flat at $61 compared to the S&P 500 which gained 15% in 2020. The company has seen a high r...
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Bitcoin Price Touches the $37K Zone, Crypto Economy's Market Cap Hits $1 Trillion The price of bitcoin smashed through the last all-time high again jumping above the $37k zone to $37,400 per coin. The crypto asset’s market valuation is around $689 billion at the time of publication, as it has seen $...
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The Brexit Deal: Some Good, Some Bad, Some Ugly The existence of a deal is a big plus for Britain and Europe, but Britain especially still has a long and difficult road to travel.
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Unemployment Claims Remain Flat At 787,000 As States Begin Sending Extra $300 Checks The U.S. is still down 10 million jobs since February.
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Be Patient With Credit Suisse Stock

Forbes - 7 Jan 2021 15:30
Be Patient With Credit Suisse Stock After close to 100% gain since the March 23 lows of the last year, at the current price of $13 per share we believe Credit Suisse Stock has some more room to go. Credit Suisse, the second-largest Swiss bank, has seen its...
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Goldman Sachs is growing more bullish on the US economy and has raised its GDP forecast after Democrats took the Senate With Democrats controlling the House and the Senate, Goldman sees more chances for fiscal stimulus and faster economic recovery, despite COVID-19
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Advertisers pull ads amid the attack on the US Capitol

Business Insider - 7 Jan 2021 02:56
Advertisers pull ads amid the attack on the US Capitol Business Insider's top advertising and media stories for January 7.
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Stocks close higher as Wall Street shrugs off 'very bad day' in DC The Dow Jones industrial average closed at an all-time high on Wednesday as investors brushed off the madness unfolding in DC to focus instead on the prospect of more stimulus funding to boost the economy. The Dow ended ...
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Sheldon Adelson Takes Medical Leave From Casino Empire

Wall Street Journal - 7 Jan 2021 23:19
Sheldon Adelson Takes Medical Leave From Casino Empire Mr. Adelson, a billionaire and GOP megadonor, is stepping away for cancer treatment amid the Covid-19 pandemic upheaval.
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We're witnessing the emergence of something called "augmented creativity," in which humans use AI to help them understand the deluge of data.
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Keep An Eye On The Mail: Treasury Now Sending 8 Million Stimulus Checks Via Prepaid Debit Card $112 billion in direct payments has already reached bank accounts.
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Amazon-owned Twitch has blocked Trump from streaming after the 'shocking attack on the Capitol' Following Facebook's lead, Twitch announced that President Trump's account will be suspended from streaming until the end of his presidency.
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Gold And Precious Metals In The Spotlight: 2020 Recap It was a banner year for the yellow metal, hitting a new record high of $2,070 an ounce in August, as investors sought a reliable store of value in the face of unprecedented money-printing.
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Bitcoin Breaks Through $40,000 To Notch A Fresh All-Time High Bitcoin exceeded $40,000 today. Will it reach $100,000 in the coming years?
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No, Elon Musk Is Not The Richest Person In The World--Yet The Tesla billionaire's incredible run continues, but he's still $11 billion behind Jeff Bezos.
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The transaction is expected to provide up to $2.4 billion in cash proceeds.
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As Musk's $188.5B Net Worth Tops Bezos', Tesla Will Beat Bitcoin To $1 Trillion Market Cap With its stock up 750% in the last year, Tesla is leaving Bitcoin -- up 380% -- in the dust.
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