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Business News

Location American Business News for 10 March 2021
Crate & Barrel CEO Janet Hayes buys Glencoe home for $2.95 million The six-bedroom, brick-and-limestone mansion sits on a 0.53-acre lot, which is unusually large for Glencoe.
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PepsiCo Wants to Calm a Stressed Nation With Driftwell Last fall, PepsiCo, the maker of beverages ranging from Tropicana orange juice to Mountain Dew soft drinks, announced the addition of a new product: Driftwell, a drink designed to help people relax and fall asleep. Today...
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Doritos appoints Kartik Aaryan as first brand ambassador in India Aiming to tap smaller town markets, PepsiCo India has launched Rs10 entry-level price point Doritos packets to drive consumption in tier II - III markets. The brand is available across neighborhood stores, modern retail ...
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Entercom Buys Podcorn Podcasting Ad-Tech Platform For Up To $22.5 Million Radio and podcasting company Entercom has bought Los Angeles ad-tech firm Podcorn to improve deal-making between brands and podcasters. The $22.5 million deal is the second exit for Podkorn's two co-founders, who will be...
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The company says it took delivery of six thousand tonnes of spray-painted rocks instead of the metal.
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Transit Startup Via Makes $100 Million Bet on Mapping Company

Wall Street Journal - 10 Mar 2021 02:30
Transit Startup Via Makes $100 Million Bet on Mapping Company The acquisition of software maker Remix is Via's third in the past several months as the pandemic shakes up public transportation.
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JPMorgan Jumps Into Greensill Fray, Hindering Apollo Talks

Wall Street Journal - 10 Mar 2021 02:14
The bank is teaming up with Taulia, a technology platform that was a main source of customers to Greensill. JPMorgan would provide $3.8 billion to fund deals to the former Greensill clients on Taulia's platform
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Promises via social media to make "quick cash" are attracting those struggling for work, banks say.
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10 Truths About Marketing After the Pandemic

Harvard Business Review - 10 Mar 2021 15:15
There’s no going back to the old normal.
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Stimulus check updates: US House expected to send $1.9 trillion COVID-19 relief bill to Biden The House was expected to give final congressional approval Wednesday to a pandemic relief package and send the bill to President Joe Biden for his signature.
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Report: The U.S. Is Falling Short On Infrastructure Investment [Infographic] Even though the state of U.S. infrastructure has improved in recent years, the country's long-term infrastructure investment gap is continuing to grow.
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Anyone 16 or older who lives or works in Alaska can now get inoculated there. It comes with the summer tourist season looming.
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Lifting mask mandates in Texas has caused conflicts for small businesses | Gene Marks Owners want to create a safe environment, instead they encounter animosity and clashes with customers who don't comply I spent a few weeks in Florida this past January, right in the middle of the pandemic. Florida has no...
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The number of Bitcoin ATMs in the US rose 177% over the past year Worldwide, close to 10,000 new Bitcoin ATMs have been installed since March 1, 2020.
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Flood of New Debt Tests Weakening Bond Market

Wall Street Journal - 10 Mar 2021 12:30
Supply is seen as one factor driving Treasury yields higher as investors anticipate an economic resurgence fueled by vaccinations and government stimulus.
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Despite the pandemic's crushing toll on the economy, total state-tax revenues were roughly flat in 2020 from the year before, aided by stimulus checks and the stock-market recovery.
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JPMorgan to Offer 'Crypto Exposure Basket', but Criticized as Not 'Crypto' The news is out that major investment bank JPMorgan Chase is looking to offer its clients access to the crypto market - but not everybody see the offering in good light, or particularly crypto-related. Dated March 9, the...
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Volatility Hits the Sizzling SPAC Market

Wall Street Journal - 10 Mar 2021 00:12
Shares of technology firms and special-purpose acquisition companies surged, rebounding after a weekslong streak of declines that pushed some popular SPACs down 20% or more in a month.
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Soaring DraftKings Stock Makes CEO Jason Robins A Billionaire The online sports betting giant wowed investors with its bullish forecasts, minting its second billionaire while pushing two co-founders to $500 million.
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Labor Department Stays Enforcement of ESG Rule for 401(k)s

Wall Street Journal - 10 Mar 2021 23:50
Wall Street has been lobbying against the Trump-era measure that makes it tougher for the plans to invest in environmental, social and governance-focused funds.
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Dow Jumps Nearly 500 Points After House Passes Biden's $1.9 Trillion Stimulus The Dow closed at a record high Wednesday.
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Federal Cannabis Legalization Has Appeal, But State Regulations Have Results When it comes to federal involvement in cannabis legalization, policymakers must consider the progress made in the states and how it could help mitigate nationwide legalization challenges.
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