Business News
American Business News for 11 Jan 2021
Bank of America Predicts 'Mother of All Bubbles' for Bitcoin
Bitcoin.com - 11 Jan 2021 00:30Bank of America’s chief investment strategist sees “the mother of all bubbles” in bitcoin. He compared the cryptocurrency’s recent rally to other bubbles, emphasizing the... “increasingly speculative” investing behavior of bitcoin. Bank of America Warns of Huge Bitcoin Bubble Bitcoin’s recent rally has worried a number of prominent financial analysts who warned of a huge […]
Welcome to the Fake Office Commute (Turns Out People Miss the Routine)
Wall Street Journal - 11 Jan 2021 18:46Driving downtown for coffee. Walking around the block. Dedicated reading time. People are trying ways to mark the start and end of the work day; 'There needs to be a contrast'
Mad Money's Jim Cramer Advises How to Invest in Bitcoin, When to Sell
Bitcoin.com - 11 Jan 2021 03:30Mad Money host Jim Cramer has some advice on how to invest in bitcoin and when is a good time to sell. He said, “I’m a bitcoin believer,” outlining the reasons why he is sold on the... cryptocurrency and why people are buying bitcoin instead of gold. Jim Cramer’s Advice on Investing in Bitcoin Jim […]
How to Hold Social Media Accountable for Undermining Democracy
Harvard Business Review - 11 Jan 2021 23:20Platforms profit from the extreme voices and conspiracy theories that their algorithms amplify. It’s time for U.S. regulations to reckon with that.
KKR raises $3.9 billion for its first Asia-Pacific infrastructure fund
Business Standard - 11 Jan 2021 18:32KKR raises $3.9 billion for its first Asia-Pacific infrastructure fund
Cryptocurrency investors could 'lose all their money', UK regulator warns as Bitcoin price drops from all-time high
Business Insider - 11 Jan 2021 15:14"The complexity of some products and services relating to crypto assets can make it hard for consumers to understand the risks," the watchdog said.
Citigroup, JPMorgan pause political donations in wake of D.C. riots
American Banker - 11 Jan 2021 02:09The actions follow earlier announcements from Marriott International, Blue Cross Blue Shield and Commerce Bancshares, which said they are suspending financial support for all lawmakers who voted... against certifying Joe Biden's election as president.
Nicky Bell to Lead Facebook Creative Shop
AdWeek - 11 Jan 2021 18:30Agency veteran Nicky Bell is joining Facebook as vice president of Facebook Creative Shop, the social network's in-house creative strategy team. Bell was most recently senior vp of global client... partnerships at R/GA, serving in that role from August 2019 through July 2020 after joining the agency in August 2016 as senior vp and managing...
Reports: Shopify, Stripe and PayPal Drop Trump Sites' Support in Wake of Capitol Riot
Retail Touch Points - 11 Jan 2021 18:04In response to the riot at the U.S. Capitol on Jan. 6, Shopify has taken the Trump Organization and Trump campaign stores offline, according to The Wall Street Journal. In combination with bans from... social media platforms including Facebook and Twitter and other commerce platforms such as Stripe and PayPal, the Trump brand's retail operations
Pilgrim's Pride Agrees to Settle Some Chicken Price-Fixing Claims
Wall Street Journal - 11 Jan 2021 16:38The proposed $75 million settlement would be the biggest so far in four-year legal battle over alleged collusion among the companies that dominate the $65 billion chicken industry.
The Detroit Tigers Should Give Jake Rogers A Real Shot This Season
Forbes - 11 Jan 2021 16:00The combination of Austin Romine and Grayson Greiner led the Tigers to have the 29th least productive catching unit in the Major Leagues. Jake Rogers was noticeably absent from the 2020 roster. Will... that change this season?
: EasyJet lands $1.87 billion state-backed loan as it looks to ease COVID cash crunch
Market Watch - 11 Jan 2021 15:56Renewed COVID-19 lockdowns have heaped more pressure on already struggling airlines.
Twitter stock tumbles 10% after Trump is permanently banned from the platform
Business Insider - 11 Jan 2021 15:18The social-media company suspended the president's account due to the "risk of further incitement of violence."
China Internet Heavyweight Baidu Confirms Plan To Enter EV Market With Geely
Forbes - 11 Jan 2021 03:04Pact brings together two of China's richest entrepreneurs
Acuite Group launches firm to provide ESG ratings, assess performance
Business Standard - 11 Jan 2021 21:33Its assessment approach includes identification of relevant risks, estimation of materiality and polarity of the risks, and evaluation of risk management framework
WATCH | Pfizer study suggests Covid vaccine works against different strains
Fin24 - 11 Jan 2021 21:14Pfizer and researchers from the University of Texas Medical Branch in Galveston teamed up for the study.
Crossed full-year target of Rs 8,000 cr AUM by Dec quarter: PGIM MF
Business Standard - 11 Jan 2021 17:33PGIM India Mutual Fund has crossed the full-year 2020-21 AUM target of Rs 8,000 crore by the December quarter, a senior company official has said.
Market Snapshot: Dow futures slide nearly 300 points, amid COVID resurgence
Market Watch - 11 Jan 2021 15:55Futures point to a lower start for equities on Monday, which would mark a pullback from record levels set at the end of last week as investors weigh rising risks around a continued surge in COVID-19... cases and monitor the fallout from a violent mob attack on Capitol Hill.
Metals Stocks: Gold prices wobble as dollar rises, but retreat in bitcoin, stocks limits slide
Market Watch - 11 Jan 2021 15:47Futures for gold bounce around on Monday as global stocks retrench and bitcoins, the biggest recent rival to gold, were suffering a price correction after a massive rally above $40,000.
Twitter Shares Down 7% In Pre-Market Trading After Trump Is Permanently Banned From The Platform
Forbes - 11 Jan 2021 14:37Twitter banned the president "due to the risk of further incitement of violence" after Trump incited violence among his supporters who went on to storm the Capitol Wednesday.
A Dollar Is a Dollar Is a Dollar. Except in Our Minds.
Wall Street Journal - 11 Jan 2021 01:56The form of money--salary vs. bonus, income vs. capital--affects the way we treat that money. Sometimes that helps us financially. And sometimes it hurts us.
Ad war: Bombay High Court has restrained Sebamed commercial from all mediums, says HUL
Money Control - 11 Jan 2021 17:08Sebamed advertising campaign had claimed its cleansing bar had the perfect PH for sensitive skin and compared Lux and Pears with RIN, a detergent bar marketed by HUL, and implied Dove was an inferior... product due to being pH neutral.
Uber, Ola face DG-GST Intelligence probe related to alleged tax evasion
Business Standard - 11 Jan 2021 16:36Summons issued to officials of the two firms for hundreds of crores of alleged evasion;
China's Chip-Independence Goals Helped by U.S.-Developed Tech
Wall Street Journal - 11 Jan 2021 16:31New approach to semiconductors, developed partly with the Pentagon's backing, could threaten Intel and Arm's dominance.
Thrasio Grabs Another $500 Million To Fuel Shopping Spree Of Amazon Sellers
Forbes - 11 Jan 2021 16:00The three-year-old company has now raised over $1 billion to roll up small and medium-sized businesses that sell primarily on Amazon.