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Business News

Location American Business News for 29 January 2021
Why Son Sung-Yoon Played A Confident Single Mom In 'Once Again' When actress Son Sung-yoon played a single mother in the KBS2 drama Once Again, some viewers described her character as "shameless." However, Son found that her character Yu Bo-young had something important to say.
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Dogecoin trading volume hits $5B surpassing Bitcoin's for the first time ever As the price of DOGE surged eight-fold within a day, the volume of Dogecoin surpassed Bitcoin's on Binance.
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Amid all the freneticism of the Reddit-hedge fund battle, the simple fact is that it means very little to the majority of investors.
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How the Wisdom of Crowds Became the Anarchy of the Mob

Wall Street Journal - 29 Jan 2021 16:00
How the Wisdom of Crowds Became the Anarchy of the Mob Thousands of Americans are being mobilized by social-media algorithms that amplify fringe ideas. The results have real-world impact.
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Google rode to Robinhood's rescue after it was review-bombed and lost its four-star rating After Google deleted 100,000 review off Robinhood's app, it jumped back up to a four-star rating and had around 177,000 reviews after the action.
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Reddit co-founder hoists the Bitcoin flag on Twitter amid price surge Alexis Ohanian is the latest social media and tech personality to update his Twitter bio to read "#Bitcoin."
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Thiago Alcantara Has Given Liverpool More Problems Than Solutions The Spanish international has struggled to find his place in his new surroundings, giving Jurgen Klopp a number of new questions to answer.
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A swell of cryptocurrency trading coincided with a major bitcoin exchange outage and led to curbs on other platforms, mirroring the difficulties traditional brokers have had with a frenzy of stock-market activity.
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Caterpillar Flags Signs of Recovery Amid Slack Demand

Wall Street Journal - 29 Jan 2021 15:02
Caterpillar Flags Signs of Recovery Amid Slack Demand Revenue fell 15% in the fourth quarter due to lower volumes and less demand from customers and dealers.
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The Richards Group Lays Off Roughly 15% of Staff The Richards Group went through a round of layoffs at the end of last year, which the agency said affected about 15% of staff. According to its LinkedIn, the Dallas-based shop employs more than 700 people, meaning roughl...
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Leon Cooperman defended short-sellers and decried attacks on the wealthy as he said the GameStop surge would "end very badly" for the public.
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How Founder Christina Stembel Turned Farmgirl Flowers Into A $60 Million Empire, Against All Odds A decade after launching Farmgirl Flowers, Christina Stembel has turned the business into a blooming $60 million empire, despite all odds against her.
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Tenev told CNBC that Robinhood decided to draw down credit lines "proactively" amid the recent spike in trading volatility.
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Top Stocks To Buy Today As Johnson & Johnson Vaccine Underwhelms Markets It's been a volatile trading week, with "Reddit investors" upending institutional investors and hedge funds by influencing a stock market rally for underperforming stocks.
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A look at the challenging task of integrating the radical crypto world into the establishment with Adrian Monck of the World Economic Forum.
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Costco members bought almost 700,000 vehicles through the store's car-buying program last year - here's how it works The Costco Auto Program allows Costco members to buy discounted cars from participating dealerships.
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Facebook to Test News Feed Controls for Advertisers

Wall Street Journal - 29 Jan 2021 16:00
Facebook to Test News Feed Controls for Advertisers Facebook said it would soon begin building and testing new controls to let marketers keep their ads away from topics they want to avoid.
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Chevron Posts Quarterly Loss to Cap Worst Year Since 2016

Wall Street Journal - 29 Jan 2021 15:37
Chevron Posts Quarterly Loss to Cap Worst Year Since 2016 For the fourth quarter, it posted $665 million in losses, as the coronavirus pandemic sapped global demand for fossil fuels.
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Why Workhorse Stock Looks Set For Further Gains Workhorse Group, a company that makes electric commercial-delivery vans, saw its stock price rise by 30% on Tuesday, with its total year to date gains in 2021 standing at around 60%. The recent rally comes as President J...
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Nine Basic Skills All Small Business Owners Should Have These are the necessary skills that will stand the test of time.
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J&J's single-dose coronavirus vaccine is 66% effective against COVID-19, raising worries that some variants may lower protection J&J's shot was more effective among volunteers in the US than in Latin America and South Africa, where new strains are circulating.
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Researchers at Stanford University on Thursday published findings about Parler users, saying the app had about 802 moderators for 13 million users.
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