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American Business News for 12 Jan 2021
Steve Wynn and Lawyer, United over Trump, Break Ties in Messy SpatWall Street Journal - 12 Jan 2021 16:39
Lawyer Lin Wood has demanded millions of dollars from the casino magnate, alleging the billionaire harmed his reputation with the president.
Delayed stimulus checks should arrive by February, tax firms sayNew York Post - 12 Jan 2021 14:58
Millions 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.
Wall Street visionaries provide chilling views on next big riskThe Economic Times - 12 Jan 2021 14:45
Bloomberg Markets asked three of the wisest and most visionary people in the industry about their worries for the next 5 to 10 years
JP Morgan Warns of Falling BTC Price With Bitcoin ETF Approval in USBitcoin.com - 12 Jan 2021 04:20
JP 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 […]
Analysts say Bitcoin price drop to $30K was 'healthy and necessary'Coin Telegraph - 12 Jan 2021 03:26
The total cryptocurrency market cap fell by more than $200 billion as Bitcoin price dropped to $30,229 and altcoins correctly sharply.
Profit taking? Institutional crypto fund inflows drop 97% in three weeksCoin Telegraph - 12 Jan 2021 03:11
CoinShares has reported "evidence of potential profit taking" among institutional investors, as weekly crypto fund inflows drop 97% in less than one month.
AT&T, JPMorgan and Coca-Cola Pull Back Political Giving Following Capitol RiotsThe New York Times - 12 Jan 2021 02:46
AT&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.
IBM acquires 7Summits to deepen its salesforce consulting expertiseVenture Beat - 12 Jan 2021 01:45
IBM acquires 7Summits to expand scope of Salesforce consulting practice focusing on digital business transformation
Corporate America quickly distances itself from Trump, GOP allies after Capitol riotsUSA Today - 12 Jan 2021 01:37
Corporate America is quickly distancing itself from Trump and his Republican allies, as Goldman Sachs, Coca-Cola, Ford -- suspend political donations.
Apple And Nvidia Among Trending Stocks Rated Top Buy This WeekForbes - 12 Jan 2021 01:05
We 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.
Byju's in talks to buy Aakash Educational Services for $700 millionBusiness Standard - 12 Jan 2021 19:20
New Delhi-based Aakash Educational Services Limited (AESL) is the biggest education organisation in India
Ahead of Market: 12 things that will decide stock action on WednesdayThe Economic Times - 12 Jan 2021 17:42
Rohit Singre, Senior Technical Analyst at LKP Securities said, "Going ahead, 14,500 will act as fantastic support in Nifty and holding above the said levels, we may see some more decisive move towards... 14,600-14,700 zone."
Starbucks pledges $100 million to help small businesses and communitiesCNBC - 12 Jan 2021 17:06
Starbucks will invest $100 million over the next four years in community development projects and small businesses in areas populated by people of color.
Capitol Riot Threatens Trump's Already Struggling BusinessWall 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.
Anheuser-Busch Stock Recovers 100% - What's Changed?Forbes - 12 Jan 2021 15:30
After 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...
Eight Benefits To Being Active On Social Media (Even As An Introverted Entrepreneur)Forbes - 12 Jan 2021 15:10
The internet has made it much easier to engage an audience.
Coca-Cola Stock Drops 7% In A Week - Patient Investors Will BenefitForbes - 12 Jan 2021 15:00
Coca-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...
Why Big Tech Market Leadership Is In QuestionForbes - 12 Jan 2021 14:58
My 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.
BMW Motorrad sales increase 7% to 2,563 units in 2020Money Control - 12 Jan 2021 14:34
In the last quarter of 2020 (October-December), the dispatches grew by over 51 percent as compared to the same period in 2019.
Deutsche Bank joins companies cutting ties with Donald TrumpThe Guardian - 12 Jan 2021 14:26
Bank had propped up Trump Organization for years despite being sued by president but acted after Capitol attack Deutsche Bank became the latest large company to cut ties with Donald Trump, with the... firm that has propped up the Trump Organization for two decades reportedly announcing it would no longer do business with the disgraced president. The German bank's move - reported by the New York Times - follows Wednesday's deadly attack on the US Capitol building by a mob of Trump supporters. The number of corporations disassociating themselves from Trump is now turning into an avalanche.
Parler sues Amazon for pulling plug on social networkCBSNews - 12 Jan 2021 14:11
Site popular with far right alleges it's being penalized for political reasons and to squash competition.
Oil Producers Commit to Supply Curbs, Sustaining Price RallyWall Street Journal - 12 Jan 2021 14:00
Oil 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.
Elon Musk donates $5 million to Khan Academy through non-profit arm Musk FoundationMoney Control - 12 Jan 2021 13:55
Prior to Khan Academy, Musk Foundation donated $480,000 in grants for water filtration in Flint, Michigan, and $424,000 to supply laptop computers to Flint middle-schools.
As Bitcoin Regains Lost Ground, Options Traders Bet on $52K Move By Late JanuaryCoin Desk - 12 Jan 2021 13:40
Some bitcoin traders are buying bullish call options at $52,000 and higher strike prices.
Bitcoin 'real' daily trading volume tops $22B as BTC price recoversCoin Telegraph - 12 Jan 2021 13:35
Monday's Bitcoin price decline coincided with a massive activity spike across spot, options and futures markets.