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Business News

Location American Business News for 19 January 2021

On Park Avenue, a $1 billion tower is set to soar

New York Post - 19 Jan 2021 01:11
On Park Avenue, a $1 billion tower is set to soar It's stepping-out time for 425 Park Ave., the 47-story, Norman Foster-designed office tower crowned by a trident of sky-piercing, 136-feet-tall illuminated fins. More than five years since the groundbreaking, L&L Holding...
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More than 80% of LINK is controlled by 125 wallets

Coin Telegraph - 19 Jan 2021 06:22
More than 80% of LINK is controlled by 125 wallets New research from Glassnode indicates the top 1% of Chainlink holders control nearly 81% of the token's supply.
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'They're Trying To Cancel Me': MyPillow CEO Says Retailers Have Dropped The Brand Amid His Baseless Voter Fraud Claims Wayfair, Bed Bath & Beyond, Kohl's and H-E-B have all reportedly dropped MyPillow.
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How Volkswagen's $50 Billion Plan to Beat Tesla Short-Circuited

Wall Street Journal - 19 Jan 2021 18:32
How Volkswagen's $50 Billion Plan to Beat Tesla Short-Circuited Faulty software set back a bid by the world's largest car maker for electric-vehicle dominance.
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German footwear giant Birkenstock is exploring a sale to Luxembourg-based private equity company CVC, The Financial Times reported.
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C.E.O.s, Former Officials Call for a Post-Trump Globalism Revival A group of company leaders and former policymakers argue that "globalism" isn't an epithet. Instead, they argue, it is the way forward.
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Washington State Partners With Starbucks For Vaccine Distribution Starbucks has assigned 11 employees to help the state with vaccine distribution full time.
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How Sony Music Group Is Promoting Diversity Through Music Education The National Museum of African American Music (NMAAM) officially opened its doors today during a ribbon cutting ceremony in Nashville.
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Morgan Wallen And SZA Score New Top 10 Hits Behind Olivia Rodrigo's Debut No. 1 Smash 'Driver's License' Three singles find their way into the Hot 100's top 10 for the first time this week.
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South African Coronavirus Strain Is 50% More Infectious, Scientists Say There's no evidence the new mutation is more dangerous.
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Goldman Sachs rides frothy stock market to massive quarterly profit The economy and the stock market still appear to be operating in two different worlds — and that's working out for Goldman Sachs. As consumer banks continue to deal with the wreckage that the pandemic has wrought on jo...
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Johnson & Johnson's Covid-19 Vaccine Updates: Efficacy Figures, Production Delays Johnson & Johnson is developing one of the most closely watched Covid-19 vaccines, considering that it is a single-dose shot that should be relatively easy to distribute. Here's a quick rundown on the recent developments...
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Mets Fire GM Jared Porter Following Sexual Harassment Scandal The 41-year-old general manager served just over one month on the job.
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Dark Money Is on the Supreme Court's Docket

The New York Times - 19 Jan 2021 15:05
Dark Money Is on the Supreme Court's Docket A new Supreme Court case will take on "dark money" in politics.
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Stop Making Excuses for Toxic Bosses

Harvard Business Review - 19 Jan 2021 15:05
Even if they seem remorseful, research finds their behavior is unlikely to change.
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Office Depot's parent company said it would prefer a partial sale or joint venture with Staples. This would help the deal avoid antitrust scrutiny, it said.
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Intel Unit MobilEye's Strategy To Win Self-Driving Is Very Different From Tesla, Waymo And Others You may not see MobilEye named as a major contender in self-driving a lot, but their radical strategy takes interesting bets and makes them a top company to watch.
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Goldman Profit More Than Doubles, Powered by Trading

Wall Street Journal - 19 Jan 2021 14:59
The Wall Street firm's revenue of $11.74 billion was 18% above 2019's fourth-quarter level.
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The bank added $293 million to its loan-loss reserves through the quarter, further bolstering its safety net at the expense of stronger profits.
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U.S. stocks are poised to open higher at the start of trading this week, after markets were closed for Martin Luther King Jr. Day.
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Rewind garners $15 million in funding to drive adoption of cloud service for backup and recovery of data residing in SaaS applications.
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Will Bank of America join rivals by posting results that benefit from an improving credit picture?
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