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American Business News for 10 Jan 2021
Long & Short of Markets: Vijay Kedia's portfolio reallocation, inflation threat & moreThe Economic Times - 10 Jan 2021 12:53
Jim Rogers believes the stock market is in a bubble phase globally and value bets can be found in commodities now instead.
This Bitcoin Ransomware Rakes in $150 Million in BTCBitcoin.com - 10 Jan 2021 05:30
A new report by two cybersecurity firms has revealed that one ransomware family is particularly successful, raking in over $150 million in bitcoin. The ransom payments “sometimes amount to... millions of dollars and typically run in the hundreds of thousands range.” Ransomware Makes $150 Million in Bitcoin The Ryuk ransomware family has raked in $150 […]
Two NYC bars could make US history by selling for BitcoinNew York Post - 10 Jan 2021 01:32
A Big Apple bar owner is bowing out -- and banking on Bitcoin with what could be the first cryptocurrency-only restaurant sale in the US. This week, Patrick Hughes put his side-by-side Hell's Kitchen... watering holes, Hellcat Annie's and Scruffy Duffy's, up for sale. The price tag: 25 Bitcoins or 800 Ethereum tokens for both,...
4 Ways Your Company Can Have Great Success In 2021Forbes - 10 Jan 2021 15:00
Last year was a tough time for everyone. Here's how you can help your company make a comeback and have great success this year.
A Small Tax Change Is a Boon for Permanent Life InsuranceWall Street Journal - 10 Jan 2021 15:00
Federal lawmakers' big year-end spending package includes a little-noticed revision of the tax code that is likely to boost sales of life insurance, particularly for wealthy Americans.
Dash price explodes 100%, BCH breaks out as Bitcoin cools off below $40KCoin Telegraph - 10 Jan 2021 14:48
The price of Bitcoin has dropped below $40,000 as several high-cap coins return to the spotlight.
Mindful Leadership Practices For Busy, Distracted LeadersForbes - 10 Jan 2021 14:30
Mindfulness delivers resilience and the ability to deal with complexity. Sound useful? Then build your mindfulness muscle with these four 15-minute practices-put them on your calendar now.
Which country has administered the most COVID-19 vaccines?Business Insider - 10 Jan 2021 14:04
Israel is leading the world in terms of its vaccination rate, with nearly 20 people in every hundred having received a dose.
Not Only Bitcoin Price Is Changing During This Bull RunCrypto News - 10 Jan 2021 14:00
As the most popular cryptocurrency, bitcoin (BTC), keeps scoring its new all-time highs, industry observers see important changes on the BTC adoption front too. According to Anthony Lauriola, Chief... Operating Officer at blockchain portfolio company Dan Holdings, in 2020, we saw "a significant shift in the way people view cryptocurrency," as people are starting to see it
Auto Makers in U.S. Cut Output on Chip ShortageWall Street Journal - 10 Jan 2021 14:00
A chip shortage that has disrupted vehicle production in other parts of the globe is reaching U.S. shores. Ford is planning on idling its Louisville, Ky., factor.
Toll Brothers CEO Doug Yearley on Where Americans Are Moving During the PandemicTime - 10 Jan 2021 13:50
COVID-19 Has Transformed The Housing Market
Regulators dial up the heat: Dash, ZEC and Monero reach boiling point?Coin Telegraph - 10 Jan 2021 13:36
Can privacy coins be better managed to satisfy both law enforcement interests and those who like the greater anonymity they provide?
Parler's CEO John Matze responded angrily after Jack Dorsey endorsed Apple's removal of the social network favored by conservativesBusiness Insider - 10 Jan 2021 12:35
John Matze and Jack Dorsey, the CEOs of Parler and Twitter were at at odds with each other, and posted on their own sites about Apple's ban of Parler.
Trump Ban on Chinese Stocks Roils InvestorsWall Street Journal - 10 Jan 2021 12:30
The executive order was meant to hit China's military but has frustrated some U.S. investors.
This Could Be the Best Year on Record for Job GrowthWall Street Journal - 10 Jan 2021 12:30
Gains are expected to be driven by a re-emerging economy, but they won't offset all pandemic losses.
Retailers Say Skip Returns of Unwanted ItemsWall Street Journal - 10 Jan 2021 12:30
Amazon and Walmart have found that for some goods, it is often cheaper to refund the purchase price and let customers keep the products.
ETH Fees Surge to All Time High After the Crypto Passed the $1,000 MarkBitcoin.com - 10 Jan 2021 12:00
After the ether token surged past the $1,000 mark on January 3, the average transaction fee on the network similarly soared to a new all-time high (ATH) of $17.41, some 24 hours later. Although the... average fee has since retreated, data on January 8 shows that the latest average fee at $9.79. This figure still […]
Baffling Brexit rules threaten export chaos, Gove is warnedThe Guardian - 10 Jan 2021 09:30
Business groups tell ministers to sort out bureaucratic mess caused by EU trade deal Ministers must restart trade negotiations with Brussels immediately to sort out the "baffling" array of post-Brexit... rules and regulations that now threaten much of the UK's export trade to the EU, leading business groups have said. Amid mounting anger among UK firms at cross-border friction they were told would not exist, British manufacturing and trade organisations met Cabinet Office minister Michael Gove in an emergency session on Thursday to discuss problems resulting from the deal struck by Boris Johnson with the EU before Christmas.
There will be no spring recovery. Sunak must prepare for a double-dip recessionThe Guardian - 10 Jan 2021 09:00
The resurgence of coronavirus means renewed hardship, which the chancellor must once again spend to ameliorate With the development of the coronavirus vaccine, there had been light emerging at the end... of the tunnel after a long and difficult year. After the worst year for growth since the Great Frost of 1709, the post-Covid thaw this spring seemed as if it was set to launch the UK economy into a roaring 2020s. Now, clear signs are emerging that Britain's economy will be hit hard by tougher restrictions needed to contain the surge in Covid-19 infections, fuelled by a new faster-spreading variant first identified late last year in southern England. Far from a boom in 2021, the economy is destined for a double-dip recession.
Russian Oil Giant Provides Excess Gas to Operations Powering Bitcoin Mining DevicesBitcoin.com - 10 Jan 2021 09:00
The firm Gazpromneft, an oil subsidiary of the Russian natural gas and global energy company Gazprom, is giving bitcoin mining operations the chance to power operations by using excess gas for... electricity. The Russian firm has allowed a small mining operation to benefit from the excess gas by mining bitcoin on-site at the oil field. […]
Seven of the top 10 most valued firms add Rs 1.37 trn in market valuationBusiness Standard - 10 Jan 2021 08:02
Besides TCS, other winners on the top-10 chart were HDFC Bank, Hindustan Unilever Limited (HUL), Infosys, HDFC, ICICI Bank and Bharti Airtel
Bitcoin's wild weekends turn efficient market theory inside outThe Economic Times - 10 Jan 2021 06:24
Coming off a 300 per cent gain last year, the world's largest digital coin rose as much as 14 per cent Jan. 2 and another 10 per cent Jan. 3, a period when most of Wall Street was still in holiday... mode.
Economist Discusses What Would Happen if the Masses Ditch Fiat Currencies for BitcoinBitcoin.com - 10 Jan 2021 02:30
American economist Brian Wesbury has shared his thoughts on what would happen if the masses were to ditch fiat currencies and adopt bitcoin instead. He discussed whether the government would allow it... to happen and how bitcoin can become a true currency. Economist Brian Wesbury Answers Question About the Masses Ditching Fiat Currencies for Bitcoin […]
Get serious on nuclear plans, Kwasi Kwarteng toldDaily Mail - 10 Jan 2021 23:51
As he sits down to address his overflowing in-tray, inherited from Alok Sharma, Kwarteng has been urged to decide quickly - as the UK faces the threat of blackouts in the early 2030s.
Key Democratic lawmaker Joe Manchin says there is 'no doubt' Trump needs to be impeachedBusiness Insider - 10 Jan 2021 23:51
"We are ready to install a new government," Sen. Joe Manchin said. "If I was Joe Biden, I'd want to be able to put my government together."