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Business News

Location American Business News for 20 February 2021
Here are a few notable ways the very latest tech can save a whole of time, money and headaches when it comes to filing taxes.      
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Midwest Labor Markets Shake Off Covid-19 Downturn

Wall Street Journal - 20 Feb 2021 12:30
Midwest Labor Markets Shake Off Covid-19 Downturn In a pandemic role reversal, places like Columbus, Ohio, and Indianapolis have low unemployment rates compared with Boston and San Francisco.
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Slide Show: New Yorker Cartoons March 1, 2021

The New Yorker - 20 Feb 2021 07:52
New cartoons from the magazine.
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Hedge funds' Lucid windfall - Cathie Wood mania - New Pimco allegations Big stories of the week: Goldman Sachs org chart; Ark Invest; CCIV; Pimco lawsuit; Wall Street people moves of the week; Marcus robo-advisor.
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Here's Why 2 Members Of Congress Have Laser Beam Eyes On Twitter Sen. Cynthia Lummis says she's a "big supporter" of cryptocurrency.
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Elon Musk admits that bitcoin and ethereum 'seem high' in exchange with 'gold bug' Peter Schiff Tesla CEO Elon Musk admitted on Twitter that the cryptocurrencies bitcoin and ethereum "seem high."
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Pritzker's tax plan: Closing corporate tax loopholes, or 'the best way to shoot yourself in the foot?' Gov. J.B. Pritzker wants to close $932 million worth of "corporate tax loopholes" to help Illinois balance its budget after the fiscal ruins of COVID-19, but the controversial proposal comes as cities and states gear up ...
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Demand for Hermes bags is booming despite the pandemic

New York Post - 20 Feb 2021 01:15
Demand for Hermes bags is booming despite the pandemic The pandemic may have shut down galas, fancy restaurants and Caribbean vacation spots — but it hasn’t come between shoppers and their Birkin bags. French handbag maker Hermes said Friday that its classic Birkin and K...
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$56.3K Bitcoin price and $1T market cap signal BTC is here to stay Bitcoin price hit a new high at $56,368, cementing its status as one of the most valuable assets on the planet.
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Investors are once again factoring in the prospect of a big round of long-term infrastructure spending.
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How to respond to the 5 most tired, trickle-down arguments against the $15 minimum wage Paul Constant lived through the Fight for $15 in Seattle and says there's no evidence that a high minimum wage will kill jobs or increase the cost of living.
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Bitcoin miners raked in more than $1 billion in combined earnings last month. Here's how they make money. As of February 2021, miners gain 6.25 bitcoin for every new block mined - equal to about $330,475 based on current value.
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Detroit Three automaker employees left waiting for COVID-19 vaccines amid shortage Detroit automakers are at the mercy of governments for COVID-19 vaccines. With the shots in short supply, plans to administer them remain on ice.      
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FC Barcelona Will Try To Sign 'Most Desired' Erling Haaland, Claims Report FC Barcelona will try to sign Borussia Dortmund star Erling Haaland, who has become their 'most desired number 9 according to a report.
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Ethereum Hits USD 2,000, Outperformed by Bitcoin Rally The two largest cryptoassets, bitcoin (BTC) and ethereum (ETH), are on their journey of discovering new all-time highs. Despite its recent high fees-caused problems that helped competitors grow, ETH surpassed USD 2,000 t...
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Malaysian Police Bust Gang That Stole $2.15 Million Worth of Electricity to Mine Bitcoin Police in Malaysia’s Jahor state have busted a seven-men gang that stole 8.6 million Malaysian ringgits ($2.15 million) worth of electricity to mine bitcoin and other cryptocurrencies. ● Police said they seized 1,746...
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Every Major Gig Company Has Now Raised Prices In California After Prop. 22 Critics say there's no evidence gig worker conditions have improved after the passage of the measure keeping drivers independent contractors.
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Scammers are targeting Texans as winter storm leaves many without power, feds warn "We are concerned that weary homeowners will fall prey to unsolicited calls regarding insurance claims, home warranties..." Nicholas Ganjei said.
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Reddit Legend Keith Gill Boosts Stake in GameStop

Wall Street Journal - 20 Feb 2021 02:02
A screenshot of his brokerage account on Friday afternoon appears to show that he bought an additional 50,000 shares of the stock.
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Bitcoin Is Up Nearly 100% This Year As Bull Market Continues Bitcoin prices have practically doubled in 2021, rising to roughly $57,500 today after staring the year at $28,900. When will the cryptocurrency reach six figures?
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Crypto Surge Continues: Market Up $750 Billion, Nearly Doubling This Month As Bitcoin Hits New Highs Bitcoin's new high above $57,500 has helped the crypto market post its biggest monthly gain on record.
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Cloudian Vying With NetApp In $50B Cloud Storage Market NetApp posted 3.3% top line growth in the October 2020 ending quarter. Yet its stock rose 10 times faster in the last year. With fast-growing challenger Cloudian nipping at it heels, will NetApp beat expectations this We...
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