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Business News

Location American Business News for 31 January 2021
Dogecoin Tailspin: Price Drops Over 70% Following Reddit-Driven Surge The price soared some 900% during the week.
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Jordan Belfort, the 'Wolf of Wall Street', hails small investors buying shares in GameStop but warns 'be careful' Jordan Belfort thinks it's "gratifying" to see hedge funds losing billions of dollars, he told Sky News.
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Will Tesla Break The S&P 500? (Pt 4) - Managing The addition of Tesla to the S&P 500 Index triggered an upheaval in the market. It led to potentially dangerous, record-breaking trading volumes. The index managers used some interesting techniques to manage the event.
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Gambling? In the Stock Market? I'm Shocked.

Wall Street Journal - 31 Jan 2021 16:03
Markets have always attracted gamblers. The trick for the economy is to make sure they aren't the main movers of the market, at least most of the time.
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Streaming video services like Netflix, Hulu and YouTube TV may raise their rates, but you can still save money Sling TV, AT&T TV, and Hulu are raising rates. But the lack of the surcharges that cable and satellite TV charges means you can still save money.       
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Entrepreneurs: Don't Move To Silicon Valley - Read This Book Instead Startup communities consist of the group of people who are committed to helping entrepreneurs succeed. People are bound together more tightly through this shared identity and common purpose at the community layer.
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Bernie Sanders Says Democrats Can't Break Stimulus Check Promises As GOP Pushes Smaller Compromise Bill A group of ten Republicans is pushing for $1,000 payments instead of the $1,400 payments Democrats and President Biden want.
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Brooklyn Nets' Iman Shumpert Will Bring Veteran Presence, Defense, But Can He Crack Crowded Wing Rotation? With the Brooklyn Nets reportedly bringing back veteran wing Iman Shumpert, can he provide much-needed defense to the team and crack a crowded reserve rotation?
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Boy Scouts' Coed Recruiting Touched Off 'Ground War' With Girl Scouts The Girl Scouts perceived a grave threat from the Boy Scouts and tried to steer parents away from coed programs, documents show.
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Robinhood CEO: We're helping those left behind by Wall Street, not hedge funds Standing by our Robinhood community means being a responsible partner and being there for our customers through any trading environment.       
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Avaya AI's alliance with Google leads to the creation of virtual agents that can verbally interact with customers.
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Sen. Portman Defends Rep. Liz Cheney, Blasts Rep. Marjorie Taylor Greene, As GOP Faces Crossroads The moderate GOP senator, defended Rep. Cheney, as the congresswoman faces calls to resign over her impeachment vote, and criticized Rep. Taylor Greene, amid scrutiny over old threatening Facebook posts.
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Electric Car Charging As Fast As Gasoline Is The Aim, But Barriers Remain Electric car charging which is just as fast as a gasoline fill-up is the promise, but many hurdles remain before the battery technology is ready for the public in maybe 4 to 8 years. Meanwhile, StoreDot, Solid Power and ...
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Bitcoin Cash Transactions Intensify, Daily Count Nears BTC, Big Blocks Help Clear Throughput Just recently, the Bitcoin Cash community has been discussing the large number of transactions the network has been seeing on a daily basis during the last month. Statistics show that bitcoin cash daily transactions have...
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Bubble Markets Display Bizarre Behavior Right Before They Tumble The typical signs of an approaching bubble bust were on full display in the equity markets last week, like the dot-com bubble of the 90s.
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After Trump's election loss, Republicans across the US are racing to enact new voting restrictions Swing states like Arizona and Wisconsin are home to some of the most dramatic election-related reforms that have surfaced since the 2020 election.
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Don't Bank on Coronavirus Killing Off Cash Just Yet

Wall Street Journal - 31 Jan 2021 17:00
Don't Bank on Coronavirus Killing Off Cash Just Yet Many U.S. consumers are shunning cash for a number of reasons, including convenience and a desire to avoid bills and coins as potential sources of coronavirus transmission.
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The viral sea shanties prove that songs should be passed around more freely and not locked up by antiquated copyright laws.
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Meet the millennial designer and CEO who wants to make comfort clothing the new power dressing Misha Nonoo's designs have been worn by Bella Hadid and Amal Clooney. The oil heiress' friend Meghan Markle is also a client.
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The majority of Americans were forced to withdraw from their retirement in 2020, survey says The pandemic forced many Americans to borrow from their future in order to meet everyday needs, causing a major setback in retirement plans.
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Global Uncertainty Drops But Is Still 50% Above Historical Average Hites Ahir is a senior research officer in the International Monetary Fund (IMF)'s Research Department. Nicholas (Nick) Bloom is a Professor of Economics at Stanford University, and a Co-Director of the Productivity, Inn...
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A trading firm owned by hedge-fund billionaire Ken Griffin has played a quiet but critical role by executing orders for customers of Robinhood and other online brokerages.
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