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Business News

Location American Business News for 18 January 2021
Setting Hinsdale record for priciest sale, 5-bedroom mansion sells for $7.67 million The $7.67 million home has nine fireplaces, a dance floor and a 55-foot pool. It set the record for the most expensive home sale in Hinsdale.
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J.C. Penney Is Searching For Its Next CEO. Here's What The Board Should Be Shopping For In addition to focusing on new product categories, J.C. Penney's next CEO must fix the company's inventory accuracy problem. They must also be open to embracing Customer Based Corporate Valuation principles to guide futu...
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Bitcoin open interest hits $8.8B as 45% of BTC options expire in 2 weeks The open interest on Bitcoin options has hit $8.8 billion but data show bulls are in favor after BTC's rally to a new all-time high.
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Tesla Inc. got a another bullish endorsement Friday from Wedbush's prolific analyst Dan Ives, who raised his stock price target by 33%, but he still won't recommend investors buy the stock.
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Trump planning to raise $2 billion for a presidential library, likely in Florida: report After the Jan. 6 US Capitol riots, some former Trump advisors are skeptical of the president's expensive proposal.
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Yearn.finance eyes new all-time high -- Can YFI price reach the next $66K target? YFI price can break above $50,000 if Bitcoin continues to consolidate in the near term.
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Baillie Gifford U.S. Growth Trust devoted much of its half-yearly report to talking up the prospects of biotech Moderna and rocket launcher SpaceX, two of its investments that helped lift its net asset value surge during...
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Macy's Opens Second Market By Macy's In Texas Macy's new concept is only 20,000 square feet in size but can be a quick tenant in many strip centers. It can be a growth concept for Macy's.
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The trader had operated a registered digital currency exchange, but said he was unable to continue operating without banking services.
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Keystone XL Oil Project Pledges Zero Carbon Emissions

Wall Street Journal - 18 Jan 2021 02:44
Keystone XL Oil Project Pledges Zero Carbon Emissions The controversial pipeline project would be powered by renewable energy and built by union labor in a series of planned overhauls to avoid being axed by the Biden administration.
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More Finance Chiefs Resigned in 2020 Than in Previous Years

Wall Street Journal - 18 Jan 2021 17:00
More Finance Chiefs Resigned in 2020 Than in Previous Years More chief financial officers resigned from large U.S. companies in 2020 than in previous years, as the pandemic put pressure on corporate balance sheets and the executives who manage them.
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2 Things To Know So You Can Capitalize On 2021's Opportunities When we understand that money is a byproduct of service and offer the world more value than we take from it, we're capable of going into creation mode, which is where we get fabulously rich.
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Fauci says 2 new vaccines could be ready for US approval within weeks, not months Dr. Anthony Fauci said AstraZeneca and Johnson & Johnson's vaccines, still in clinical trials, could be submitted for FDA approval within a week.
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Intel Will Demand More Than Just Engineering

Wall Street Journal - 18 Jan 2021 14:00
Turning around the chip maker will require not only sorting out manufacturing problems but also selling stakeholders on tough decisions about the company's future.
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The Evolution Of Anti-Government Extremist Groups In The U.S. [Infographic] Ahead of expected protests in Washington on Wednesday, just how many extreme anti-government groups are active around the United States?
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Manchester United Have Proved They Can Mount A Title Challenge Ole Gunnar Solskjaer's side have earned their place at the front of this title race.
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Record Liquefied Natural Gas Prices in Asia Won't Last

Wall Street Journal - 18 Jan 2021 04:26
A cold snap and a supply crunch have created a perfect storm for liquefied natural gas prices in Asia, but investors in the sector should be aware that the pendulum is likely to swing the other way soon.
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Earnings, Stalling Economy Warns Against Complacency The start of earning's season was not impressive and with more signs the economy is slowing what is the mood of traders and investors in the week ahead?
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Dogs Of The Dow: Best And Worst Breeds

Forbes - 18 Jan 2021 23:05
Dogs Of The Dow: Best And Worst Breeds The Dogs of the Dow is a venerable strategy. But some dogs are better than others.
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Lumentum in Advanced Talks to Buy Laser Maker Coherent

Wall Street Journal - 18 Jan 2021 20:54
A cash-and-stock deal could come together as soon as this week. Exact terms couldn't be learned but Coherent had a market value of $3.7 billion as of Friday's close, while Lumentum's was $8 billion.
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4 Economic Challenges For 2021

Forbes - 18 Jan 2021 19:10
4 Economic Challenges For 2021 This year will bring several economic challenges in the U.S.--some we may not yet foresee. But I can already identify at least four.
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Atlanta Hawks CMO Melissa Proctor on Partnering with Nike in Honor of Dr. King I first met Melissa Proctor, CMO of the Atlanta Hawks, when she taught a Masterclass at Brandweek Sports Marketing Summit alongside Adam Grossman, CMO of the Boston Red Sox and Julian Duncan, CMO of the Jacksonville Jagu...
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