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Business News

Location American Business News for 23 January 2021
'Barney Miller' Star Gregory Sierra Dies At 83 Gregory Sierra, who is remembered for his roles on sitcoms Sanford and Son and Barney Miller, died on January 4 from cancer.
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What is a stock market crash? Understanding its causes and consequences can help investors prepare for a sudden, severe drop in share prices A stock market crash is a sudden or severe drop in overall share prices, usually within a day. They can be due to economic crises or investor panic.
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With Trump out of office, the Biden administration decides if Congress can have the ex-president's tax returns House Democrats have for years tried to obtain the tax records that former President Donald Trump once promised he would release himself.
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Warren Buffett's Berkshire Hathaway has scored a 30x gain on its BYD investment. Here's the story of its bet on the Chinese electric-vehicle company. The famed investor's company spent $232 million in 2008 to secure a stake worth more than $7 billion today.
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When SPACs Attack! A New Force Is Invading Wall Street.

Wall Street Journal - 23 Jan 2021 07:00
'Blank check' firms known as SPACs are in pursuit of America's hottest startups. Is the invasion a sign of a market euphoria that can't last?
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Netflix, Procter & Gamble, Intel: Stocks That Defined the Week

Wall Street Journal - 23 Jan 2021 04:11
Here are major companies whose stocks moved on the week's news.
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Privacy-Centric Cryptocurrency Firo Suffers 51% Attack on Its Network The proof-of-work (PoW) cryptocurrency Firo announced that its protocol came under a 51% attack, notifying its holders to stop transactions. Formerly known as Zcoin, the privacy coin was reportedly subject of a blockchai...
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Short Bets Pummel Hot Hedge Fund Melvin Capital

Wall Street Journal - 23 Jan 2021 01:01
Founded by 42-year-old Gabe Plotkin, Melvin Capital Management is down 15% just three weeks into 2021 after a series of wrong-way bets.
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United Looks to Require Workers to Get Covid-19 Vaccines

Wall Street Journal - 23 Jan 2021 00:55
United Looks to Require Workers to Get Covid-19 Vaccines United Airlines Holdings wants to require its workers to get Covid-19 vaccines, Chief Executive Scott Kirby told employees, though he cautioned there are logistical hurdles to implementing such a mandate.
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Game Plan: A Seattle pizzeria owner wants to find his financial footing and start saving for retirement. A financial adviser weighs in.
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A New Reason Investors Shouldn't Try to Time the Stock Market

Wall Street Journal - 23 Jan 2021 20:00
Moving in and out of stocks not only lowers returns, it adds to volatility, according to a new study.
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Packers Vs. Buccaneers Odds, Spread, Betting Line, Picks, Predictions For NFC Championship Game 2021 The Green Bay Packers and Tampa Bay Buccaneers match up in the 2021 NFC Championship Game on Sunday. Get ready to watch Aaron Rodgers vs. Tom Brady with this preview, which includes the schedule, start times, viewing inf...
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A Justice Department attorney is said to have schemed with former President Trump to oust the acting attorney general as part of a plan to force lawmakers in Georgia to overturn the state's 2020 presidential election res...
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Snap Turning Virtual Reality Into Real Money

Wall Street Journal - 23 Jan 2021 17:00
The company is putting users in stores, and businesses on maps, virtually. Investors are giving it real credit.
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How Itamar Medical Stock Could Triple

Forbes - 23 Jan 2021 16:46
How Itamar Medical Stock Could Triple This $356 million market cap sleep apnea company is betting it can triple its market cap. If history is any guide, it will return nearly 30% a year.
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Some agents say linking the cost of their health benefits to how much they sell of certain products creates a difficult conflict for them.
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Even a pandemic can't stop Apple Inc. from hitting new records. The smartphone giant is likely to post its first-ever quarter with revenue above $100 billion Wednesday.
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The Business Case for Boardroom Diversity

The New York Times - 23 Jan 2021 15:00
The Business Case for Boardroom Diversity When big banks see a benefit in helping companies recruit more diverse directors, it's a sign that there are not just morals at play -- there is money at stake, too.
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An early bitcoin investor says the best time to buy is when nobody's talking about it - and warns this isn't the first crypto bubble "When no one wants to touch it, that's when you buy it. Not when people are talking about it," he said.
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Chainlink now bigger than Litecoin as LINK price hits new high above $24 -- What's next? Chainlink has entered price discovery and traders should watch several key levels for the next possible top.
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He Said 'Buy' as Stocks Crashed

Wall Street Journal - 23 Jan 2021 13:04
Thomas Lee of Fundstrat Global Advisors has a reputation as one of Wall Street's most aggressive market optimists. His approach paid off after Covid-19 caused a market meltdown last year.
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Cryptocurrency has become a way to bypass US sanctions in Iran and is being blamed for straining the country's electricity grid.
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