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Business News

Location American Business News for 8 March 2021

Oracle's Low Bar Is Rising

Wall Street Journal - 8 Mar 2021 13:30
The software giant's stock has been the best performer in tech ahead of its next earnings report.
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GameStop Adds Another $3 Billion In Market Value After Tapping Billionaire Investor To Head Digital Transformation GameStop shares are up 1,000% this year, but not everyone's bullish on the stock.
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Home Businesses Poised To Boom If Government Gets Out Of The Way A robust culture of entrepreneurship is vital for a strong economy, and new businesses are especially important today. Businesses like West Tenth are helping home-based businesses succeed, and government can do its part ...
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Goldman says the US unemployment rate could drop below 4% this year as stimulus and coronavirus vaccines fuel the recovery Economists at Goldman Sachs said they expect a "hiring boom" in 2021 to cut the unemployment rate as the economy reopens.
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Tesla's 'Brutal Selloff' Worsens, Market Value Losses Hit $300 Billion As Investors Move Away From Big Tech The stock has now tanked 35% since its January peak, falling below its pre-S&P high while the broader market soars.
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"How to Apologize," by Ellen Bass

The New Yorker - 8 Mar 2021 13:00
Poetry by Ellen Bass: "Cook a large fish."
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Philanthropist MacKenzie Scott marries Seattle science teacher MacKenzie Scott — the ex-wife of Amazon founder Jeff Bezos — has married a science teacher who works at a Seattle private school, according to a report. Scott, one of the world's richest women noted for her philanthr...
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George Ball Says Crypto Is Effective Hedge Against Currency Debasement as US Passes $1.9 Trillion Stimulus Bill The chairman of investment firm Sanders Morris Harris, George Ball, says cryptocurrencies are an effective hedge against currency debasement. In addition, he says that cryptocurrencies are attractive as a small part of p...
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Rescue Package Includes $86 Billion Bailout for Failing Pensions Democrats pushed through a big aid measure for multiemployer pensions whose problems predate the pandemic.
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Inside the troubled past of billionaire Nikola founder Trevor Milton Insider spoke with 38 people who have worked for Trevor Milton or interacted with him. Some said he has a long history of bending the truth.
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Top Stocks To Buy Today Amid Stimulus Optimism Stocks saw mild gains due to optimism after the $1.9 trillion stimulus bill passed the Senate over the weekend. In the meantime, Q.ai's Artificial Intelligence has crunched the numbers to bring you today's top buys.
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Amazon Spends $42 Billion On R&D But the 10K Discusses R&D In 300 Words R&D has far exceeded PPE investment in our megacap companies. Firms share next to nothing about R&D with investors while regulators drag their feet. This leads to fantasy valuations and huge informational advantages for ...
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Bitcoin, Ethereum and Altcoins Hold Gains Above Key Support Bitcoin price started a downside correction from the USD 51,850 zone. BTC dipped below the USD 50,000 support zone, but the bulls were active above the USD 49,200 zone. It is currently (12:30 UTC) above USD 50,000 and it...
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Wind Turbines On Washington's Horse Heaven Hills - How Not To Pursue A Green New Deal A company out of Boulder, CO called Scout Clean Energy has applied for a permit to build a massive turbine wind farm in Washington State on the Horse Heaven Hills, circumventing the local government. But they're building...
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As Covid-19 Eligibility Expands, Interest May Wane

Wall Street Journal - 8 Mar 2021 14:54
As Covid-19 Eligibility Expands, Interest May Wane Overall, the percentage of Americans saying they will definitely get a vaccine has ticked up. But willingness among younger adults is still well below that of older Americans.
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Restaurants Are Reopening. Running Them Is Still a Battle.

Wall Street Journal - 8 Mar 2021 14:49
Restaurants Are Reopening. Running Them Is Still a Battle. State and local governments are allowing restaurants to seat and serve customers indoors again, but that comes with its own challenges.
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Agnelli Family Buys $642 Million Stake In Christian Louboutin As It Expands Further Into Luxury The billionaire Agnelli family is best known as the founder of automaker Fiat and has in recent months boosted its drive to diversify.
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Labor said it's satisfied with the changes the bank has made to hire more Black managers; the exit of nine senior executives reflects the move away from a partnership approach.
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Amazon-Backed Deliveroo Plans IPO, Testing London's Big Tech Appetite Deliveroo took the first step to list on the London Stock Exchange, seeking to replicate the stock-market success of U.S. rival DoorDash as the pandemic fuels demand for online food deliveries.
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The Selling In FibroGen Stock Appears Overdone After Roxadustat Delay The stock price of FibroGen, a biopharmaceutical company focused on therapeutics in immunology and oncology, has seen a large 36% drop over the last ten trading days, while it's down 32% over the last five trading days, ...
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All Pot Stocks Aren't Created Equal

Wall Street Journal - 8 Mar 2021 12:26
Booming sales and profits mean big U.S. cannabis growers are becoming attractive bets. Many investors still have to settle for shakier Canadian names which are easier to buy.
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GE Nears Deal to Combine Aircraft-Leasing Unit With AerCap

Wall Street Journal - 8 Mar 2021 01:39
The deal would unite rivals in a tough aviation market and could further shrink GE Capital.
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