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Business News

Location American Business News for 11 February 2021

Can a Cigarette Stock Be an Ethical Investment?

Wall Street Journal - 11 Feb 2021 13:43
Tobacco companies like Philip Morris International hope that a shift to e-cigarettes will help them shake their toxic reputation with investors.
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Next Stop for Electric-Vehicle SPAC Mania: the Jetsons

Wall Street Journal - 11 Feb 2021 15:33
Archer may take the lead in developing electric air taxis after merging with a blank-check company, but widespread adoption is still science fiction.
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AstraZeneca Plans to Double Covid-19 Vaccine Output

Wall Street Journal - 11 Feb 2021 14:59
AstraZeneca Plans to Double Covid-19 Vaccine Output The Anglo-Swedish drugmaker said it was fixing problems with the manufacturing of its Covid-19 vaccine and expects to roughly double monthly production to 200 million doses by April.
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How Much Does a C-Section Cost? At One Hospital, Anywhere From $6,241 to $60,584. New federally mandated disclosures by California's Sutter Health illustrate the wide disparity in healthcare rates negotiated by insurers.
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Stop Telling Women They Have Imposter Syndrome

Harvard Business Review - 11 Feb 2021 15:05
For many women, feeling like an outsider isn’t an illusion — it’s the result of systemic bias and exclusion.
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Four Seasons Resort in Napa Commanding Near-Record Sales Price

Wall Street Journal - 11 Feb 2021 15:00
Four Seasons Resort in Napa Commanding Near-Record Sales Price Hotel and real-estate investors have made competing offers in excess of $170 million for the new hotel in California's Wine Country, brokers say.
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Towering business relief as E. 56th near Trump building reopens The fancy Midtown block of East 56th Street between Madison and Fifth avenues finally reopened to vehicular traffic after a four-year shutdown -- and nobody's happier than the owners of an office building that isn't even...
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Lawyers warn Elon Musk's Bitcoin tweets could attract SEC's ire Elon Musk's rampant Twitter activity could get him into hot water with the SEC according to lawyers.
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Ford, Volkswagen EV Battery Supplier Dealt Setback by Trade Commission The ruling against SK Innovation in a trade-secrets case threatens the future of a Georgia complex being built to make batteries.
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Biggs is an associate fellow at the University of Oxford's Saïd Business School, guest lecturing on blockchain technology and digital assets.
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Amazon job postings hint at digital payments project to launch in Mexico Amazon has been silently working on a new digital currency project in Mexico, according to the company's job postings.
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As Huawei Talks Stall, Detention of Two Canadians in China Drags On Michael Spavor and Michael Kovrig, detained in China since 2018 after a Huawei executive was arrested in Vancouver, are at the center of a high-stakes standoff between Canada, the U.S. and China.
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Tesla's $1.5B Bitcoin buy throws the cat amongst institutional pigeons Elon Musk is either the hero or the villian of the year after Tesla's Bitcoin purchase polarized opinion among institutional investors.
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The company plans to accept digital currencies on its network sometime this year; Citi's incoming CEO will rely on her international experience to try to fix the bank's problems.
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Labelbox, a startup developing a data annotation and labeling platform, raised $40 million in venture funding.
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WallStreetBets Traders Set Cannabis Stocks Alight

Wall Street Journal - 11 Feb 2021 13:29
The day traders behind GameStop's meteoric rise last month are turning their attention to cannabis stocks, betting that President Biden's administration will push for further decriminalizing the drug.
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Report: Feds Investigating Meme Stock Frenzy For Market Manipulation Shares of GameStop soared more than 2,300% in January.
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Borrowers Demand Student Loan Cancellation And Refuse To Pay Student Loans Will your student loans get cancelled?
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The U.S. Justice Department has subpoenaed information from Robinhood Markets and others.
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Bitcoin Has Reached Its Latest High Above $48,000--What's Next? Bitcoin prices climbed to a fresh record today. Several technical analysts weighed in on where it might go next.
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Alden Is In Talks to Buy Tribune Publishing

Wall Street Journal - 11 Feb 2021 20:23
Alden Global Capital, Tribune's largest shareholder with a 32% stake, is discussing a deal with the publishing company to buy the shares it doesn't already own.
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Fox And Tubi Show Off 'New Normal' Of Connected TV Advertising The discussion in Fox's earnings call of Tubi, a once-obscure Connected TV (CTV) service that Fox purchased last year bolsters the ever-growing "normalization" of CTV advertising as part of the core revenues of mainstrea...
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