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Business News

American Business News for 11 Jan 2021

Bank of America PredictsBank 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 […]
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The Detroit Tigers Should GiveThe 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?
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Welcome to the Fake OfficeDriving 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'
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Nicky Bell to Lead FacebookAgency 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...
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Pilgrim's Pride Agrees toThe 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.
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"The complexity of some products and services relating to crypto assets can make it hard for consumers to understand the risks," the watchdog said.
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Twitter Shares Down 7% InTwitter 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.
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Mad Money's Jim Cramer AdvisesMad 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 […]
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China Internet HeavyweightPact brings together two of China's richest entrepreneurs
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The 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.
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A Dollar Is a Dollar Is a Dollar. Except in Our Minds.

Wall Street Journal - 11 Jan 2021 01:56
The 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.
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Reports: Shopify, Stripe andIn 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
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China's Chip-IndependenceNew approach to semiconductors, developed partly with the Pentagon's backing, could threaten Intel and Arm's dominance.
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Thrasio Grabs Another $500The three-year-old company has now raised over $1 billion to roll up small and medium-sized businesses that sell primarily on Amazon.
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Renewed COVID-19 lockdowns have heaped more pressure on already struggling airlines.
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Futures 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.
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A startup that's taking on BigThese are Business Insider's biggest healthcare stories for January 11.
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Futures 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.
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Twitter stock tumbles 10%The social-media company suspended the president's account due to the "risk of further incitement of violence."
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PepsiCo Announces 2021Personalized nutrition, functional food and supplements, and emerging technologies are taking center stage in PepsiCo's Nutrition Greenhouse Accelerator Program this year, as COVID-19 continues to... drive consumer interest in health and wellness.
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Amazon Third-Party Sellers AreAmazon sellers are being acquired but how it's done is is different than other mergers and acquisitions. Whether those acquisitions succeed may also be very different.
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Why Can't The Legal FunctionLaw is a persuasion business. So why does the legal function struggle to prove its value to business? Spoiler alert: lawyers are no longer the arbiters of their value--its customers are. In the... digital age, the legal function must account to business--and drive value--as other functions do.
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Dr Martens Puts Best BootClassic British boot brand Dr Martens is readying itself for an initial public offering and hoping to trade on the London Stock Exchange after more than 60 years in business in what would be one of... the first big IPOs of 2021.
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Reddit User Finds 127 OldA Reddit user says he (or she) recently regained access to the keys of 127 bitcoins eight years after last accessing the coins. Immediately after regaining access, the user sold all the bitcoins and... pocketed over $4 million in the process. According to the user, they received the bitcoins as payment for participating in surveys […]
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Kohl's Outlook Is Strong AndKohl's outlook for sales is strong as the company adds many innovative ideas and brands in the next few month. It will add to profitability and growth.
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