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Business News

Location American Business News for 28 February 2021
By Making It Easy For Moms To Order Organic Baby Food Online, She Built A Fast-Growing Startup Brand San Francisco-based Amara sells shelf-stable organic baby food and toddler snacks. Consumers have been flocking during the pandemic.
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He Built A Million-Dollar, One-Man Business Helping Couples Save Troubled Marriages. Now He's Guiding Them Through COVID-19 Jed Diamond never planned to create a seven-figure business. Then his book on "male menopause" became an international bestseller and brought him a much larger audience. He's now using his platform to help couples naviga...
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J&J Covid-19 Vaccine Authorized for Use in U.S.

Wall Street Journal - 28 Feb 2021 03:15
J&J Covid-19 Vaccine Authorized for Use in U.S. The first single-dose Covid-19 vaccine, a shot from Johnson & Johnson, was authorized for use, a big boost for a mass-vaccination campaign rushing to end the deadliest pandemic in more than a century.
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Bitcoin sell-off over? Strong 'buy the dip' signal flashes for the first time in 5 months Bitcoin is retesting a key support level at $44K-$45K for the third time in the past week.
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When silly sells on Wall Street, expect just about everyone to start slinging it. If this is your first bubble, you may want to keep that in mind.
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Steven Chu Blames Government Contractors For Ongoing Nuclear Waste Debacle The United States continues to struggle with legacy military nuclear waste, former Energy Secretary Steven Chu said, because the contractors making billions from it have opposed a better solution.
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JPMorgan Says Investors Can Put 1% of Their Portfolios in Bitcoin Despite Calling It a Poor Hedge After saying that cryptocurrencies “rank as the poorest hedge for major drawdowns in equities, with questionable diversification benefits,” JPMorgan says investors can put 1% of their portfolios in cryptocurrencies. ...
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Lord & Taylor Locks Its Doors For The Last Time, After 195 Years The 195-year old retailer, known for classic merchandise, personal service, and its American Beauty Rose symbol, concluded its 26-week final liquidation sale on Saturday.
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Geode Capital Management's largest private fund lost about $250 million after its bets on stock-market volatility turned sour last year, people familiar with the matter said.
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Dogecoin hasn't always been a 'fun meme coin'

Coin Telegraph - 28 Feb 2021 15:00
Dogecoin hasn't always been a 'fun meme coin' Did you know that Dogecoin used to sponsor a NASCAR driver? Learn some unbelievable stories behind Elon Musk's "favorite" cryptocurrency.
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This past week, bond yields jumped and stocks fell. The trouble was that yields jumped for reasons other than economic optimism, and stocks didn't like it.
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The Mayor of Venice, Luigi Brugnaro, maintains that the rapidly alternating water levels are linked to climate change.
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How Businesses Can Mitigate Security Risks In The COVID-19 Era To proactively protect your company from the onslaught of potential cyber vulnerabilities, consider three simple actions to stay one step ahead of cybercriminals.
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A Deportation Nightmare in the Bronx

The New Yorker - 28 Feb 2021 13:00
Arrested for jaywalking, a DACA recipient spent the pandemic in ICE detention because of what New York City officials admit was an "operational error." He could be deported as soon as next week.
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New CEO Hits Refresh at Citigroup

Wall Street Journal - 28 Feb 2021 12:30
Jane Fraser wants to simplify Citigroup, the original megabank. That won't be easy.
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After Twitter users noted the similarities, the CPAC organizer said the "stage design conspiracies are outrageous and slanderous."
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Have Stocks Dropped Enough?

Forbes - 28 Feb 2021 21:32
Have Stocks Dropped Enough? The stock market was rattled last week by the spike in yields and the selling in the tech sector. In last week's article the Viper Report's Tom Aspray commented that a deeper decline was needed to reduce the high level o...
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Herbalife to Name Three New Directors as Icahn Era Ends

Wall Street Journal - 28 Feb 2021 19:00
Herbalife Nutrition plans to overhaul its board as Carl Icahn winds down his eight-year involvement with the company and it looks to burnish its standing with other investors.
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Goldman Consumer Head Is Leaving to Run Walmart Fintech

Wall Street Journal - 28 Feb 2021 19:00
Omer Ismail, who helped build Goldman's consumer-banking business from scratch, will take on a similar task at Walmart.
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Biden Open To Lower Income Threshold For New Stimulus Checks As $1.9 Trillion Proposal Heads To Senate There is bipartisan support to reduce the income threshold for new checks, White House Press Secretary Jen Psaki said Sunday.
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Go East, Young Man: China Needs to Set its Labor Force Free

Wall Street Journal - 28 Feb 2021 16:00
Fixing the breadth of China's wasted and frustrated talent will be essential to maintain growth, especially if Beijing continues to alienate major trading partners in the years ahead.
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Priced Out: Liquidity Is Also Causing Global Real Estate Prices To Rip It's not just low interest rates and low inventory, it's global liquidity that's pushing housing prices up everywhere.
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