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Business News

Location American Business News for 12 January 2021
JP Morgan Warns of Falling BTC Price With Bitcoin ETF Approval in US 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 t...
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Steve Wynn and Lawyer, United over Trump, Break Ties in Messy Spat Lawyer Lin Wood has demanded millions of dollars from the casino magnate, alleging the billionaire harmed his reputation with the president.
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Eight Benefits To Being Active On Social Media (Even As An Introverted Entrepreneur) The internet has made it much easier to engage an audience.
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Coca-Cola Stock Drops 7% In A Week - Patient Investors Will Benefit 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 l...
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Analysts say Bitcoin price drop to $30K was 'healthy and necessary' The 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? Institutional crypto fund inflows drop 97% in three weeks CoinShares 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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ABC 7 anchor Alan Krashesky sells Loop 3-bedroom condo (with its own sauna) for $950,000 Alan Krashesky, who has been with WLS-Ch. 7 since 1982, also owns a larger condo in downtown Naperville.
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IBM acquires 7Summits to expand scope of Salesforce consulting practice focusing on digital business transformation
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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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Site popular with far right alleges it's being penalized for political reasons and to squash competition.
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AT&T, JPMorgan and Coca-Cola Pull Back Political Giving Following Capitol Riots 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.
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Corporate America quickly distances itself from Trump, GOP allies after Capitol riots Corporate America is quickly distancing itself from Trump and his Republican allies, as Goldman Sachs, Coca-Cola, Ford -- suspend political donations.       
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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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Why Big Tech Market Leadership Is In Question 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.
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Oil Producers Commit to Supply Curbs, Sustaining Price Rally

Wall Street Journal - 12 Jan 2021 14:00
Oil Producers Commit to Supply Curbs, Sustaining Price Rally 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.
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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 trading volume tops $22B as BTC price recovers Monday's Bitcoin price decline coincided with a massive activity spike across spot, options and futures markets.
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The perks were designed 'to keep people inside the Disney bubble,' one travel expert said.
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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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Markets Enter 2021 With Both Chaos And Optimism A good way to manage short-term risks and add diversity to your portfolio is through investing in ETFs. Our deep learning algorithms have identified several to look out for this week.
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Elon Musk Is Back At No. 1 Richest Person In The World After Tesla Stock Rebounds Tesla's stock snapped back on Tuesday, adding billions of dollars to Musk's fortune and again making him the wealthiest person on the planet.
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Top Stocks To Short Today As Markets Fail To Recover Monday's Losses The market's rally since November, largely due to vaccine optimism, political clarity, and stimulus hopes, has sent markets to historically high valuations. With all of this news, our deep learning algorithms have crunch...
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