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Business News

Location American Business News for 4 February 2021
Doge Token Pumps After Elon Musk Tweets 'Dogecoin Is the People's Crypto' Elon Musk has tweeted that dogecoin is people’s crypto shortly after the billionaire pledged to go off the social media platform for while. Incidentally, the token, which traded at $0.0411 on February 3, surged to $0.0...
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Democrats are moving to propose a new $1,400 stimulus check plan that cuts the number of eligible people A new proposal from Democrats could limit the number of stimulus check recipients as some in Congress push to tighten eligibility.
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Bitcoin for Corporations- Michael Saylor Expects an 'Avalanche' of Firms to Own Bitcoin This week the firm Microstrategy held an event called “Bitcoin for Corporations” which looks at concepts like macro strategy, corporate playbooks, and legal considerations toward bitcoin. Prior to the event, Microstr...
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Another 779,000 Americans Filed For Unemployment Last Week Jobless claims remain stubbornly high.
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U.S. Unemployment Claims Keep Easing

Wall Street Journal - 4 Feb 2021 15:54
U.S. Unemployment Claims Keep Easing U.S. jobless claims fell for the third straight week, to 779,000 the Labor Department said Thursday, in a sign that layoffs have started to ease following an increase in early January.
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Consulting giant McKinsey & Co. has reached a $573 million settlement with states over its work advising OxyContin maker Purdue Pharma LP and other drug manufacturers to aggressively market opioid painkillers, according ...
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Cheney Holds Onto Leadership Role After Fiery GOP Conference Meeting Adam Kinzinger 'unleashed hell' on Kevin McCarthy for defending Marjorie Taylor Greene more than Liz Cheney, a source familiar told Forbes.
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Grocery Store Closures Demonstrate The Pitfalls Of Joe Biden's Push To Double Minimum Wage To get a sense of the unintended consequences that would stem from President Biden's proposal to more than double the minimum wage, one need only look to the hundreds of grocery store workers in Long Beach who've recentl...
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On the Overstock-owned platform, TokenSoft customers will be able issue security tokens that retail and accredited investors can trade.
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Duncan Channon Takes On Covid-19 Vaccination Public Education Campaign The California Department of Public Health has handed San Francisco independent agency Duncan Channon a uniquely challenging and consequential project: lead a $40 million Covid-19 vaccination public education campaign in...
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Trading in shares favored by Reddit users was relatively calm for another day.
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US workers file 779,000 jobless claims as COVID-19 crisis total tops 77M American workers filed 779,000 applications for unemployment benefits last week in the latest sign that the labor market is still in the throes of its coronavirus crisis. The newest batch of initial jobless claims brough...
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UnitedHealth Group Names Andrew Witty as Chief Executive

Wall Street Journal - 4 Feb 2021 15:05
UnitedHealth Group Names Andrew Witty as Chief Executive The provider of health care coverage, software, and data consulting firm services says Witty will succeed David S. Wichmann, who is retiring.
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5 Dividend Stocks GME became famous on a website called Reddit, which lets users banter about common interests.
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Top Stocks To Short Today As Market Winning Streak Remains Steady Strong earnings are sending the Dow, S&P, and Nasdaq higher. With promising data, Q.ai's Artificial Intelligence has assessed today's top shorts.
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Senate Begins Marathon Stimulus Debate--Here's What You Need To Know About Thursday's 'Vote-A-Rama' Lawmakers are in for a long night before they can move forward on Biden's $1.9 trillion relief bill.
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Best Stocks To Buy This Month Amid See-Sawing Markets The market kicked off the first month of 2021 see-sawing between good news and bad news. For this month, Q.ai's Artificial Intelligence algorithms have identified some standout stocks to consider amidst it all.
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Chobani Eyes 2021 Public Listing

Wall Street Journal - 4 Feb 2021 21:25
The food company that made Greek yogurt mainstream hopes an initial pubic offering could value the company at as much as $7 billion to $10 billion.
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Bull Signal Says Enphase Energy Stock Could Surge to New Record The shares of alternative energy concern Enphase Energy (ENPH) are down 1.1% to trade at $194.18 at last check, despite earlier announcing the expansion of a partnership with residential contractor Momentum Solar to incl...
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The Swiss bank overlooked red flags for years while a rogue private banker stole from billionaire clients, according to a report by a law firm for Switzerland's financial regulator.
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Bond Market Volatility Boosts Online Trading Platforms

Wall Street Journal - 4 Feb 2021 20:15
Average daily trading volume on Tradeweb's online bond trading platform topped $1 trillion in January. Other firms are also seeing a surge in trading.
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Long-Term Care Insurance: First, You Should Find an Agent

Wall Street Journal - 4 Feb 2021 20:00
Ask Encore: Also, retirement expert Glenn Ruffenach answers a reader's question on IRA distributions.
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