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Business News

Location American Business News for 6 February 2021
Trump shifted campaign donor funds into his heavily indebted private business after his election loss, report says Former President Trump has repeatedly transferred money raised from campaign donors into the heavily indebted Trump Organization, reported Forbes.
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Trump used Gab, a platform popular with the far-right, to break his social media silence with a post denouncing his impeachment trial Trump's return on Gab comes after reports that the ex-president was fuming with frustration at being barred from Twitter.
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Paypal Launches Business Unit Dedicated To Cryptocurrency Paypal is launching a new business unit dedicated to cryptocurrency services, the company chief executive officer Daniel Schulman announced this week. In an earnings call on February 3, 2021, Schulman said the existing f...
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Biden says the $15 minimum wage hike likely won't be part of the COVID-19 relief package Biden said a Senate rule would likely block it, but that he would be open to negotiating an incremental wage increase separately.
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Record $6.5B futures open interest signals traders are bullish on Ethereum The open interest on Ethereum futures hit a record $6.5 billion as ETH rallied to $1,750 and traders increased their leverage.
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Spanish Tax Body Will Force Citizens to Declare Overseas Crypto Holdings The Spanish Tax Agency - known in the nation as the Hacienda - has announced its intentions to step up its monitoring of crypto, and will move to force citizens and residents alike to declare their bitcoin (BTC) and altc...
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U.S. Deficit A Record $905 Billion In 2020, But, Miraculously, Trade Off Only 9% U.S. trade totaled $3.77 trillion in 2020, falling below $4 trillion for the first time since 2017, according to Census Bureau data released today.
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Disney Super Bowl Ad Encourages Streaming Fans to Bundle Up Disney will return to the Super Bowl for the second year in a row. But this time, it won't just be highlighting streaming service Disney+--it'll highlight three services. In a 30-second spot that will air during the four...
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How Corporate Political Donations Changed After the Capitol Riot Since the Capitol riot, companies have re-evaluated their political donations. Will this be a turning point or a momentary blip?
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Prosecutors in Bavaria, Germany, said they'd seized about 1,700 bitcoin worth $68 million, but the owner won't give up his password.
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A Look at Some of History's Spectacular Crashes

Wall Street Journal - 6 Feb 2021 12:30
If GameStop is a bubble, it's hardly the first. From tulips to Beanie Babies, bubbles have boosted--and burned--investors for centuries.
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HNA Was Once China's Biggest Dealmaker. Now It Faces Bankruptcy. China is tightening the reins on its economy and looking out for companies that could pose risks to China's financial system.
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Samsung's new SmartTags will help you find lost stuff, but that's not all SmartTags sit atop Samsung’s SmartThings platform, a home-automation ecosystem that’s also extending its vision to the car and beyond. While the Apple world waits patiently for an “AirTags” announcement, Samsung ...
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How To Avoid Climate Disaster The Bill Gates Way Bill Gates sets out a wide-ranging, practical -- and accessible -- plan for how the world can get to zero greenhouse gas emissions in time to avoid a climate catastrophe. His account of "the solutions we have and the bre...
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Gamestop (The Screenplay): 5 Hollywood Projects, 3 Competing Morality Tales The Gamestop bubble would be little more than a footnote in market history -- but for the strange inspiration it has given to the story-spinners out there. Hollywood is on it. At least 3 simplifying narratives are compet...
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GameStop, Reddit and the 'Wisdom of Crowds'

Wall Street Journal - 6 Feb 2021 18:00
In Translation: The "wisdom of crowds" is a way of forecasting the likelihood of future events. It is particularly useful in markets where money is at stake.
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Softbank-Backed Sinch Is A Screaming Buy On Nasdaq Stockholm Exchange With 46% revenue growth and a $690 million investment from Softbank, Sinch is worth buying on the Nasdaq Stockholm exchange.
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Should 401(k) Withdrawals Be Easier?

Wall Street Journal - 6 Feb 2021 16:11
The conventional wisdom is that people should pay a high price for touching their nest egg. But some argue the conventional wisdom is wrong. Our two experts square off.
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Musk's Dogecoin Tweeting Has Believers Barking for More

Wall Street Journal - 6 Feb 2021 12:30
A cryptocurrency that began in 2013 as a joke is suddenly worth a total of more than $6 billion.
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A short squeeze occurs to short-sellers, those who've borrowed money to bet a stock price will fall. If it rises, they must pay more or take a loss.
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Feud Between Hollywood Agents and TV Writers Comes to an End

The New York Times - 6 Feb 2021 04:50
Feud Between Hollywood Agents and TV Writers Comes to an End A fight over conflict-of-interest claims began nearly two years ago. William Morris Endeavor was the last major agency to reach a new agreement.
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'These people just want to censor me,' fired Parler CEO says free speech platform is trying to muzzle him John Matze, who was fired as Parler CEO last week, says the social media company he created to champion free speech is now trying to muzzle his.       
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