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Business News

Location American Business News for 17 February 2021
Ally.io, a platform that helps companies track their objectives and key results, has raised $50 million in a series C round of funding.
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Why Startups Are Leaving Silicon Valley For Tampa: An Interview With Tampa's First Lady Ana Cruz Tampa's thoughtful growth, diverse community, and achievement-oriented vibes have already attracted top talent and major corporate relocations.
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Eugene Ludwig to step down as Promontory CEO

American Banker - 17 Feb 2021 15:31
Eugene Ludwig to step down as Promontory CEO The former comptroller of the currency, who founded the consulting firm known for its roster of ex-regulators, will hand over leadership of day-to-day activities to an operating committee as he pursues other projects.
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The Five Stages of Quarantine Bangs

The New Yorker - 17 Feb 2021 21:42
It all starts with convincing yourself that they work for your face shape.
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The franchising industry is poised to bounce back to pre-pandemic levels by year's end if Covid-19 is controlled, according to an upcoming report.
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Buy Churchill Capital IV (CCIV) On $12B Lucid Motors Merge Report CCIV could pop -- especially if it merges with Lucid Motors and its Air generates $900 million in 2021 revenue
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Klarman pumps SPACs - Citi's $500 mln blunder - Goldman launches DIY investing The top finance stories for February 17, including the latest news on Seth Klarman's big bets on SPACs during the fourth quarter.
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How to watch Thursday's congressional hearing on GameStop and Robinhood The hearing on the recent market volatility will be live-streamed on C-Span and the House Committee on Financial Services' YouTube channel.
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Smart Tools To Help You Choose Your Next Brick-And-Mortar Location Some businesses have the ability to pivot and move online, but for many brick-and-mortar service-based businesses, storefronts are still king. Expanding to new locations can help a business grow, bring in much-needed rev...
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Crypto criminals got away with $5B less in 2020 as scam revenue falls The proceeds of crypto crime fell by more than $5 billion in 2020, due to increasing regulatory compliance by crypto exchanges and declining scams.
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Survey finds 5% of corporate CFOs plan to buy Bitcoin in 2021 More than 70% of financial executives surveyed are closely watching what everyone else is doing with Bitcoin before they decide on investing their companies' cash reserves in it.
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A New York hedge fund that is the largest shareholder in Tribune Publishing Co. has reached a deal to acquire the rest of the newspaper company which owns some of the biggest papers in the country, including the Chicago ...
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Warren Buffett's Berkshire Hathaway reveals big stakes in Verizon, Chevron Warren Buffett's Berkshire Hathaway on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone company Verizon Communications and a $4.1 billion stake in oil company Chevron. The investm...
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Decoupling With China Would Hurt U.S. Businesses, Chamber Says

Wall Street Journal - 17 Feb 2021 17:30
Decoupling With China Would Hurt U.S. Businesses, Chamber Says The U.S. Chamber of Commerce warned that rising tensions with China could have serious consequences for U.S. businesses, laying out a worse-case scenario where some major industries would be crippled.
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Masayoshi Son's Wealth Soars To Record High As SoftBank Shares Zoom Shares of Masayoshi Son's SoftBank Group hit an all-time high of 10,420 yen on Tuesday, lifting his fortune to $48 billion.
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Elizabeth Holmes' lawyers worry luxe lifestyle could stoke 'class prejudice' Elizabeth Holmes’ attorneys are worried that evidence of the disgraced Theranos founder’s luxe lifestyle could inflame “class prejudice” against her at her upcoming fraud trial. The feds want to detail for a jury...
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VC Investment Strategies: Lean Into Risk To Find Alpha While access to information is crucial for venture capital (VC) funds to make better decisions on their investments, we've entered an era in which the widespread availability of information has become an impediment to fi...
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Jeff Bezos overtakes Elon Musk to become world's richest person again The outgoing Amazon CEO took back his crown as the world's richest person, bringing Tesla chief Elon Musk's reign to an end after just six weeks.
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Five Best E-Commerce Customer Service Practices For 2021 Exceeding what customers expect will depend on the e-commerce customer service practices that an organization adopts.
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Is The 125% Rise In Rio Tinto Stock Justified? Despite an impressive rise of more than 125% since its March 2020 lows, Rio Tinto stock does not seem to be overvalued. In fact, at the current price of $84 per share, RIO stock is almost close to its fair price, with a ...
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Energy Stock Bull Market Is Confirmed

Forbes - 17 Feb 2021 13:00
Energy Stock Bull Market Is Confirmed On November 9, 2020, I posted Energy Stocks Are Making A Longer-Term Low. Further gains are pending.
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Google and Facebook's Trouble Down Under Will Spread

Wall Street Journal - 17 Feb 2021 12:57
Australian politicians want digital platforms to pay media companies more for their content. Regulators world-wide are watching closely.
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