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Business News

Location American Business News for 11 March 2021

Studio apartment supply down post Covid, says report

livemint.com - 11 Mar 2021 14:30
Studio apartment supply down post Covid, says report Out of the total 884 projects launched in 2020 across the top seven cities, about 130 projects offered studio apartments (a 15% share), says a report from Anarock research .Work from home took the focus away from central...
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A reluctant Japan Inc at last enters the digital age

The Economist - 11 Mar 2021 17:54
AS A BUDDHIST priest performed last rites at a temple in Tokyo, Naganuma Fumihiro, an entrepreneur, beamed. It was in fact a celebration: he and two colleagues had gathered to send scores of hanko, the personal seals tha...
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GameStop - The Second Surge: Anatomy Of A The "Gamma swarm" phenomenon looks like something to be reckoned with, a new trading strategy that may require many other market participants - short sellers, regulators, market makers, clearinghouses, certain hedge fund...
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Walt Disney Co.'s ESPN and the National Hockey League said they struck a seven-year deal that will bring the Stanley Cup Finals to Disney's ABC broadcast network and make hundreds of local-TV games available on the ESPN+...
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You'd have $10K now if you'd invested April's stimulus in Bitcoin -- and more with ETH People who invested their first stimulus check into Bitcoin in April 2020, would now have more than $10,000.
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American Airlines is paying debt investors yields of about 5.58% to borrow $10 billion, in a deal that hinges on cooped-up customers booking vacations as the threat of the pandemic recedes.
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Kroger closes 3 stores in Los Angeles over a $5-per-hour hazard pay mandate Kroger said it will close three stores in Los Angeles after local officials mandated $5-per-hour hazard pay for grocery and drug store workers.      
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Christie's Isn't Just Adopting NFTs as Part of Its Digital Transformation Christie's auction house is in the news today for becoming the first major auction house to offer a purely digital work of art with a unique NFT--and it did so with an eye-popping final bid of $69.3 million. But NFTs are...
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F.B.I. Agents Infiltrate a Pandemic-Joke Speakeasy

The New Yorker - 11 Mar 2021 21:00
Some jokes about the coronavirus lockdown are so bad that they should be illegal.
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Warren Buffett's fortune surged past $100 billion this week. He would be the world's wealthiest person if he didn't give to charity. The famed investor and Berkshire Hathaway CEO has donated shares now worth over $90 billion to good causes.
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Roblox shares surge another 14% a day after the online-gaming company's market debut Roblox's direct listing on Wednesday saw its shares pop 54%, giving the company that owns just one game a $47 billion valuation.
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AMC Entertainment Holdings Inc. reported a loss of nearly $1 billion in the holiday season to wrap up a woeful year of closed movie theaters, but executives sounded a hopeful note for reopening in 2021.
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Dollars Or Barrels: The OPEC+ Challenge

Forbes - 11 Mar 2021 14:34
Dollars Or Barrels: The OPEC+ Challenge In focusing on the inventory overhang, OPEC+ risks a recovery in U.S. oil shale production.
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New initiative will focus on areas including access to capital, healthcare, job creation and education.
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Oil futures trade higher Thursday, with support tied in part to follow through on the previous session's gains that saw a sharp rise in crude inventories offset by a further draw in gasoline supplies as a result of last ...
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How Niche Software Companies Can Scale Sustainably As our lives become increasingly digitized, software providers are becoming more specialized. This allows them to enter untapped markets, develop targeted solutions that address a specific set of customer needs and forge...
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How Venture Capitalists Can Power The Fourth Industrial Revolution Investors should build their strategies around developing large and diverse portfolios that maximize the chances they will partner with groundbreaking companies.
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Here's Why Roche Looks Undervalued At $41

Forbes - 11 Mar 2021 13:30
Here's Why Roche Looks Undervalued At $41 Roche's ADR looks attractive at current levels of $41, as it is up only 17% from the levels it was at on March 23, 2020, when broader markets made a bottom due to the spread of Covid-19. This marks a significant underper...
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The Real Rally to Watch Isn't in Stocks

Wall Street Journal - 11 Mar 2021 12:22
The global real-estate market is booming in a way that was confined to a handful of countries after the financial crisis. Economies will become more sensitive to house prices.
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A global pandemic didn't stop ardent Funko collectors from stocking up on miniature models of their favorite characters from pop culture.
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AMC Finds the Right Price with WarnerMedia

Wall Street Journal - 11 Mar 2021 21:33
The theater giant's deal with the studio may include a break in the fees AMC pays to rent films.
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It's Official: Biden Signs $1.9 Trillion Relief Bill Clearing The Way For $1,400 Stimulus Checks Some eligible Americans can expect money in their bank accounts as soon as early as this weekend, the White House said.
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