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Business News

Location American Business News for 18 February 2021

Volkswagen's boss lays out his electric plans

The Economist - 18 Feb 2021 18:01
THE SCRAMBLE to electrify motoring resembles a car race. Tesla and like-minded startups, unencumbered by the legacy of the internal combustion engine (ICE), are surging up the straight. Behind them, jostling for position...
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Tiny-Company Boom Makes Markets Look Silly

Wall Street Journal - 18 Feb 2021 18:42
Six members of the Russell Microcap index have risen so much that they are now larger than the smallest S&P 500 stocks.
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About one-third of Black small-business owners said they can survive more than a year under current conditions, versus 59% of White small-business owners.
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The senator said that he undertook the mission because he cares deeply about the current suffering of his fellow-Texans.
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The Capitol Police are investigating an incident involving allegations that Rep. Russ Fulcher (R-ID) had assaulted a female officer as he passed through metal detectors outside of the House chamber last month, HuffPost r...
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Elon Musk's Tesla Faces Scrutiny Over Potential Conflict of Interest in $1.5 Billion Bitcoin Purchase Tesla is facing more scrutiny over its $1.5 billion dollar bitcoin purchase. A Tesla board member who reportedly approved the company’s bitcoin buy deal is a cryptocurrency investor who also sits on the boards of two m...
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DDoS Attacks Slow as Botnet Operators Turn to Crypto Mining - Kaspersky Source: Adobe/profit_image Cybercrooks are slowly turning their backs on crime because they are finding it is more profitable to mine crypto, according to research from Kaspersky Labs. Per Kommersant, the Russian softwar...
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In a video, Google VP Marian Croak called for more diplomatic conversation, but made no mention of former Ethical AI team lead Timnit Gebru.
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Coupang hopes to be the next successful baby Amazon

The Economist - 18 Feb 2021 18:01
WANDER AROUND Seoul's residential neighbourhoods at dawn and you will invariably encounter a Coupang delivery van. In the past few years South Korea's mini-Amazon has parked itself in a choice spot amid a crowded e-comme...
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Texas Governor Greg Abbott attributed blackouts in the state to renewable sources, but Bill Gates told Yahoo the power grid failed because of fossil fuels.
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Michaels Stores' Strategy for Keeping the Covid Bump Alive

Wall Street Journal - 18 Feb 2021 18:00
Michaels Stores' Strategy for Keeping the Covid Bump Alive The company's CEO is moving away from the general crafts market and targeting a different kind of do-it-yourselfer.
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Three years after the embarrassing disclosure of major security vulnerabilities, Intel is creating a new internal security culture.
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The day after leaving his role as CEO, Crawley says he experienced an overwhelming emotional release of "laughing and tearing up at the same time."
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Pentagon Gives A Glimpse Of Special Forces' Secret Hand-Launched Jammer Drone A budget document has revealed that U. S. Special Forces are using small drones equipped with electronic jammers under a previously unknown classified program known as Project Hornet. Here's how they could be used.
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The Bond King Goes From 'Bitcoin Is A Lie' To BTC 'Maybe The Stimulus Asset' Jeffrey Gundlach. Source: A video screenshot, Youtube/Real Vision Finance DoubleLine Capital LP chief Jeffrey Gundlach, known as the Bond King, now says that bitcoin (BTC) "maybe The Stimulus Asset" after claiming last O...
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Jobless Claims Rise, Pausing Recent Downward Trend

Wall Street Journal - 18 Feb 2021 15:53
Jobless Claims Rise, Pausing Recent Downward Trend Worker applications for unemployment benefits increased to 861,000 last week, halting a downward trend that pointed to an improving labor market.
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NIH workers struggle to get COVID shots

Business Insider - 18 Feb 2021 15:50
NIH workers struggle to get COVID shots These are Business Insider's biggest healthcare stories for February 18.
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Walmart raising pay for 425,000 workers starting March 13 after strong holiday sales amid COVID Walmart is raising pay for 425,000 employees starting March 13, the retail giant announced Thursday.       
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Newmont Stock A Buy After Dropping Over 4% In A Week? Newmont stock dropped 4.3% in the last one week and has, in fact, underperformed the S&P 500 which increased 0.7% during this period. NEM stock currently trades at almost $58 per share. The decline in stock price was mai...
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ETFs With Less Transparency Face Slow Rollout

Wall Street Journal - 18 Feb 2021 12:30
Brokerages aren't rushing to pitch a new fund type that combines features of mutual funds and traditional ETFs.
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Biden Will Ask DOJ To Review Student Loans

Forbes - 18 Feb 2021 03:22
Biden Will Ask DOJ To Review Student Loans President Joe Biden will ask the U. S. Department of Justice to review his authority to cancel student loans.
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Palantir Becomes an Unlikely Darling of the GameStop Crowd

Wall Street Journal - 18 Feb 2021 22:29
Quarterly results and a lock-up expiration hit shares of the richly valued software maker, but it is finding support in online forums.
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