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Business News

Location American Business News for 27 January 2021
Massive Gamestop Short Squeeze Highlights the Fragility of Today's Financial System The bigwigs trading stocks on Wall Street have been upset this week as billion-dollar hedge funds have been crippled by Redditors and memes. Not too long ago, the firm Gamestop’s shares were plummeting, and Wall Street...
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Walgreens taps Starbucks executive as its new CEO

Chicago Tribune - 27 Jan 2021 04:31
Walgreens taps Starbucks executive as its new CEO Walgreens Boots Alliance has named Roz Brewer, former chief operating officer at Starbucks, as its new CEO.
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The best ring lights in 2021

Business Insider - 27 Jan 2021 19:36
The best ring lights in 2021 When shooting videos of yourself, a ring light is a useful tool that adds a soft glow without harsh shadows. These are the best ring lights.
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Godiva Is Closing All Doors In U.S. And Canada Because Sales Dropped Godiva chocolate is closing all North American stores by March. Company plans e-commerce and larger stores that sell chocolates, sandwiches and coffee.
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Estée Lauder Flags Its Green Credentials In The Travel Channel For the first time the global beauty house has outlined plans for a more sustainable future for its products in airports and other travel locations.
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Raytheon fears Biden will cancel $500 million arms sale to Saudi Arabia, report says In a call with investors, Ratheyon CEO Greg Hayes said he expects the Biden administration to cancel the sale of an "offensive weapon system."
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In a paper, researchers at Google claim current benchmarks are insufficient for evaluating the quality of navigation instructions.
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Is Vaxart Stock A Buy Ahead Of Phase 1 Data Readout? Biotech company Vaxart's stock has rallied by about 40% over the last 5 trading days, with a bulk of the gains coming on Monday. The stock is also up by about 76% since the beginning of 2021, compared to the S&P 500 whic...
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GameStop rips as much as 130% higher after Elon Musk's 'Gamestonk' tweet extends the day-trading rally The Tesla founder posted a link to the popular subreddit WallStreetBets, members of which have piled into GameStop's soaring stock.
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Goldman Sachs Group Inc. slashed Chief Executive David Solomon's 2020 pay by 36%, punishment for the bank's admission last year that it broke U.S. laws in its dealings with an investment fund at the heart of a global cor...
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Bank of England Governor Warns Cryptocurrencies Won't Last The governor of the Bank of England, Andrew Bailey, believes that no existing cryptocurrencies will last. Talking about the design, governance, and arrangements of “a lasting digital currency,” the head of England’...
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Prices at Trump's NYC buildings have plummeted in the latest sign that his name is 'radioactive' Properties in Trump Tower and other Trump-branded Manhattan buildings have lost a staggering 51% of their value since he won the 2016 election.
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ByteDance slashes jobs in India amid ongoing TikTok ban TikTok parent ByteDance is slimming down its workforce in India, where the video-sharing app might be gone for good. The Beijing-based tech giant announced cuts to its more than 2,000-person India staff on Wednesday afte...
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The best gardening and landscaping tools in 2021

Business Insider - 27 Jan 2021 23:59
The best gardening and landscaping tools in 2021 From gloves and shovels to watering cans and hoses, gardening requires a lot of tools and accessories. These are the best gardening tools.
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Fauci said 'macho guy' Trump saw masks as a 'sign of weakness' and many Americans followed his lead "To him, a mask was a sign of weakness. The unfortunate aspect of this is that a lot of people in the country took that on as a mantra," Fauci said.
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Former President Donald Trump significantly reduced spending for enrollment efforts in the Affordable Care Act, leaving $1 billion in leftover funds.
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Biden's banking picks shouldn't expect Yellen treatment

American Banker - 27 Jan 2021 19:25
The Senate's confirmation of Treasury Secretary Janet Yellen was notably bipartisan. But experts say congressional Republicans are poised to give nominees for the federal banking agencies heavier scrutiny.
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Grazia USA Names Jillian Maxwell Chief Revenue Officer Weekly fashion magazine Grazia USA, which launched stateside in October, has hired Jillian Maxwell as chief revenue officer. Maxwell, formerly executive director of international fashion at WSJ. Magazine, joins a team of...
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Bitcoin dropped below the important $30,000 resistance level briefly on Wednesday for the first time in three weeks, but recovered shortly after.
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Production of AstraZeneca's COVID-19 vaccine was suspended after a suspicious package was sent to one of its largest plants Wockhardt UK said it had to evacuate employees but that it is still on track to meet its production target for the Oxford-Astrazeneca vaccine.
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Covid-19 Complacency Poses Potential Risk to Global Financial Stability, IMF Warns Investor expectations for economic recovery and continued government support have fueled gains in asset prices, the International Monetary Fund said, raising concerns about excessive risk-taking.
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Reddit Traders Made GameStop a $10 Billion Company

The New York Times - 27 Jan 2021 15:16
Reddit Traders Made GameStop a $10 Billion Company The stock has soared to scarcely believable levels, for unlikely reasons.
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