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Business News

Location American Business News for 10 February 2021
Josh Lucas Delves Into Mind Control In 'Murderous Trance' Josh Lucas stars in 'Murderous Trance,' a psychological thriller directed by Finnish director Arto Halonen, with themes of mental manipulation that are just as relevant today as they were 70 years ago.
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Businesses Worry About Biden's Silence on Work-Visa Ban

Wall Street Journal - 10 Feb 2021 16:00
Businesses Worry About Biden's Silence on Work-Visa Ban President Biden has undone many of his predecessor's immigration policies, but business groups and immigrant advocates say they worry that a ban imposed last year on most forms of legal immigration could stick.
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America Went on a Borrowing Binge, but Banks Were Left Out

Wall Street Journal - 10 Feb 2021 12:30
Lenders are flush with cash they want to put to use, and banks hope loan growth will pick up in 2021.
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Sales of Barbie lift Mattel to 15-year growth record

New York Post - 10 Feb 2021 02:26
Sales of Barbie lift Mattel to 15-year growth record She’s the queen of toys. Sales of Barbie jumped 19 percent last quarter, driving a 10 percent revenue increase for toy giant Mattel Inc. to $1.6 billion, the company said on Tuesday. Sales of Barbie, Mattel's No. 1 bra...
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GM Earnings Beat Wall Street Estimates

Wall Street Journal - 10 Feb 2021 14:50
GM Earnings Beat Wall Street Estimates The auto maker posted fourth-quarter profit that cruised past Wall Street's expectations, capping a striking rebound in the second half of last year after a prolonged factory shutdown from the pandemic.
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Big Brewers Face Different Pandemic Hangovers

Wall Street Journal - 10 Feb 2021 14:44
Big Brewers Face Different Pandemic Hangovers Heineken thinks operating margins will only recover to pre-Covid levels in 2023, while smaller rival Carlsberg is already back on track.
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DeFi wars heat up as Curve Finance TVL hits $3.99B, surpassing Uniswap Curve Finance has surpassed Uniswap's total value locked, a sign that competition between DeFi protocols is heating up.
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The publisher of League of Legends is investigating its C.E.O. after sexual harassment claims. A former executive assistant to Nicolo Laurent filed a lawsuit accusing him of making sexually suggestive remarks to her.
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SoftBank to Make $900 Million Investment in Pacific Biosciences

Wall Street Journal - 10 Feb 2021 03:37
The investment in the gene-sequencing company, in the form of convertible debt, is designed to help accelerate the commercialization of the company's technology.
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Salesforce Says Most Employees Will Only Be In Office 1 To 3 Days A Week After Pandemic "The 9-to-5 workday is dead," Salesforce Chief People Officer Brent Hyder wrote in a blog post.
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Apple AirPods Pro earbuds are back down to their Cyber Monday price AirPods Pro are some of the best headphones Apple makes, and right now, they're down to an incredible price--get the details.       
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GameStop stock tries to snap losing streak amid huge two-week plunge The video-game chain's shares rose 5 percent in premarket trading to $52.85 as of 7:18 a.m. The stock fell about 6 percent Monday and closed down 16 percent Tuesday.
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The Tesla CEO said crypto users should avoid wallets that do not give them access to their private keys
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Twitter jumps 5% after 4th-quarter revenue topped $1 billion for the second time and its user base surpassed 192 million The company's user count crossed 192 million in the quarter, up 27%, despite the US election resulting in a "small but measurable" hit to its numbers.
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Fidelity's Secret Weapon to Take On Robinhood and Vanguard

Wall Street Journal - 10 Feb 2021 12:33
Geode Capital Management, which Fidelity spun off nearly two decades ago, has developed into a formidable competitor in the low-cost index business.
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Trump Campaign Paid $3.5 Million To Stop The Steal Organizers, Report Finds The deadly riot at the Capitol Building that followed the rally is front and center in Trump's ongoing impeachment trial.
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Fidelity Cashes In Most of GameStop Stake

Wall Street Journal - 10 Feb 2021 20:07
Fidelity Investments sold nearly all of its positions in GameStop last month, ending its run as the volatile stock's largest shareholder.
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What To Expect From Expedia's Stock Post Q4 Release? Expedia , a travel company providing everything from airline tickets, hotel rooms, car rentals, to cruises, is scheduled to announce its fiscal fourth-quarter results on Thursday, February 11. We expect Expedia's revenue...
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Under Armour Shares Look Stretched

Wall Street Journal - 10 Feb 2021 19:11
The maker of athletic wear beat modest expectations but it has yet to prove that its turnaround plan is working.
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Stimulus Might Cause Higher Inflation, but for How Long?

Wall Street Journal - 10 Feb 2021 18:59
The combination of another round of Covid-19 relief and an easing of the pandemic's grip could push prices higher.
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This Is The Best Outlook For GDP In Years, And We Know It Thanks To A New Way Of Counting Money New measurements explain why we had disappointing growth after the Financial Crisis, and how today's policies have a much better chance of creating strong growth.
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Treasury Yields Fall After Lackluster Inflation Data

Wall Street Journal - 10 Feb 2021 18:55
Soft inflation data indicated that investors will have to wait longer for the big increase in consumer prices that many have been expecting this year.
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