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Business News

LocationAmerican Business News for 12 Jan 2021

Steve Wynn and Lawyer, UnitedLawyer Lin Wood has demanded millions of dollars from the casino magnate, alleging the billionaire harmed his reputation with the president.
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Delayed stimulus checks shouldMillions of Americans whose stimulus checks got caught up in an Internal Revenue Service snafu should receive them by early February if they haven't already, tax preparation firms say.
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JP Morgan Warns of Falling BTCJP Morgan’s analysts say that the U.S. Securities and Exchange Commission (SEC) approving a bitcoin exchange-traded fund (ETF) is likely negative for bitcoin in the near term. There is optimism... around the prospect of the SEC approving a bitcoin ETF under new leadership, the analysts say. SEC Approving Bitcoin ETF Could Be Negative JP Morgan […]
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Analysts say Bitcoin priceThe total cryptocurrency market cap fell by more than $200 billion as Bitcoin price dropped to $30,229 and altcoins correctly sharply.
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Profit taking? InstitutionalCoinShares has reported "evidence of potential profit taking" among institutional investors, as weekly crypto fund inflows drop 97% in less than one month.
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AT&T, JPMorgan and Coca-ColaAT&T and Marriott were among companies that will stop campaign contributions to lawmakers who objected to certifying the election. Other companies, such as JPMorgan, paused all political donations.
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IBM acquires 7Summits to expand scope of Salesforce consulting practice focusing on digital business transformation
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Corporate America quicklyCorporate America is quickly distancing itself from Trump and his Republican allies, as Goldman Sachs, Coca-Cola, Ford -- suspend political donations.       
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Apple And Nvidia AmongWe have a very interesting week ahead full of earnings reports and news. But time will tell what will happen. With a big week ahead, our deep learning algorithms at Q.ai have used Artificial... Intelligence technology to rate the Top Trending Stocks for this week.
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Starbucks will invest $100 million over the next four years in community development projects and small businesses in areas populated by people of color.
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Capitol Riot Threatens Trump's Already Struggling Business

Wall Street Journal - 12 Jan 2021 15:34
President Trump's real-estate and golf empire was already struggling with the pandemic, weak growth and hundreds of millions in debt coming due. The backlash from last week's riot could make the... situation worse.
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Anheuser-Busch Stock RecoversAfter more than doubling since its March lows of 2020, at the current price of $71 per share, Anheuser-Busch InBev stock seems to have reached its near-term potential. BUD's stock has rallied from $35... to over $70 off its recent bottom compared to the S&P 500 which increased over 70% from its...
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Eight Benefits To Being ActiveThe internet has made it much easier to engage an audience.
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Coca-Cola Stock Drops 7% In ACoca-Cola stock decreased almost 7% in the last one week and currently trades at $51 per share. The drop was driven by the recent spike in Covid-positive cases and a new strain leading to lockdowns in... the UK, which has led to expectations of the impact of the pandemic lasting longer than earlier...
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Why Big Tech Market LeadershipMy take is that returns for the largest tech companies are likely to be more muted in the next few years. The case for over-weighting them is less compelling today.
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Site popular with far right alleges it's being penalized for political reasons and to squash competition.
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Oil Producers Commit to SupplyOil is extending a steady recovery into 2021, aided by fresh signals that the world's biggest producers won't turn on the spigots and flood the market.
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Some bitcoin traders are buying bullish call options at $52,000 and higher strike prices.
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Bitcoin 'real' daily tradingMonday's Bitcoin price decline coincided with a massive activity spike across spot, options and futures markets.
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Apple Times Its Chip Gambit Just Right

Wall Street Journal - 12 Jan 2021 13:33
Mac unit sales surged in a quarter that included the consumer-electronics giant's in-house chip launch, according to IDC and Gartner.
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Wall Street Billionaire LeonThe hedge fund titan worries about the market's long-term outlook but is still betting on select securities.
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ABC 7 anchor Alan KrasheskyAlan Krashesky, who has been with WLS-Ch. 7 since 1982, also owns a larger condo in downtown Naperville.
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'The majority of the purchase price was from my condo sale and my inheritance savings, but my husband did contribute several thousand dollars.'
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Parler data breach: ArchivedWas Parler hacked? Activist hackers have reportedly archived all deleted Parler posts before the platform went offline. The data includes locations.       
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A clever way for bitcoin miners to get better loan terms.
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