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Business News

Location American Business News for 15 March 2021

Fintech Stripe Scores Blockbuster $95 Billion Valuation

Wall Street Journal - 15 Mar 2021 01:06
The valuation makes payments company Stripe, which raised $600 million from a group of investors, one of the world's most-valuable startups.
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This Laser Battle Has Sparked a Rebellion

Wall Street Journal - 15 Mar 2021 16:05
Plunging stock prices have forced Lumentum and II-VI to boost cash portions of bids for Coherent.
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Dow Jumps 150 Points, Adds To Record High Despite Threat Of Increased Taxes Cyclical stocks are once again heading up market gains.
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Blackstone, Starwood Capital Team Up in $6 Billion Purchase of Extended Stay The two investment firms have agreed to acquire Extended Stay America for $6 billion, a bet that a rare bright spot for the lodging industry during Covid-19 can shine brighter as the U.S. emerges from the pandemic.
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What's Happening With Velodyne Lidar Stock?

Forbes - 15 Mar 2021 12:30
What's Happening With Velodyne Lidar Stock? Velodyne Lidar, a company that produces lidar sensors that are primarily used in self-driving vehicles, has seen its stock decline by about 40% over the last month. So what's driving the stock lower? Firstly, both the co...
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The Top Three Energy Stories For 2021: Texas, California, And Oil Let me start with the elephant in the room: the recent Texas energy crisis. All energy sources had their problems, but an honest take is suspiciously harder to come by than you would think.
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A New York institution is set to expand with $35 million gift There will be more rooms with a view for patients at the Hospital for Special Surgery. The pre-eminent facility for musculoskeletal health and orthopedics, a New York institution since 1863, is embarking on a spectacular...
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Ted Cruz Accuses Democrats of Trying to Cancel Poverty

The New Yorker - 15 Mar 2021 18:43
"Poverty has been a part of American life since this country was founded, but that apparently means nothing to the Cancel Culture Gang," the Texas Republican said.
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How the U.S. Got It (Mostly) Right in the Economy's Rescue

The New York Times - 15 Mar 2021 15:42
How the U.S. Got It (Mostly) Right in the Economy's Rescue Though the recession has been painful, policymakers cushioned the pandemic's blow and opened the way to recovery.
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Tesla CEO Elon Musk Has A New Title: 'Technoking' Tesla doesn't have a president, COO or CTO, but it has roles no other company in the S&P 500 can claim.
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Adobe: Pandemic Shift Is Permanent, E-Commerce To Hit $1 Trillion In 2022 The pandemic changed everything about online shopping, impacting what people buy, how much, and how they pay for it.
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Bitcoin Finds Support Near USD 55K, Ethereum Consolidates Losses Bitcoin price failed to stay above USD 60,000 and started a downside correction. BTC declined below many supports near USD 58,000 before it found support near USD 55,000. It is currently (12:30 UTC) recovering, but the b...
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For Manchin, The Real Climate Change Has Just Begun Given the Democrats' recent push to tie virtually everything to climate change, the fact that Manchin is the Chairman of the Senate Energy and Natural Resources Committee makes things a little trickier.
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The S.E.C. Is Increasingly Making E.S.G. a Priority

The New York Times - 15 Mar 2021 14:37
The S.E.C. Is Increasingly Making E.S.G. a Priority The S.E.C. is making E.S.G. a priority.
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Junk-Loan Rally Cuts Company Borrowing Costs

Wall Street Journal - 15 Mar 2021 14:00
Investors are scooping up low-rated corporate loans, fueling a rally that is lowering borrowing costs for highly indebted companies.
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Blackstone's Hedge-Fund Business to Launch Growth Strategy

Wall Street Journal - 15 Mar 2021 14:00
Blackstone Group has hired Scott Bommer, who previously headed SAB Capital Management before shutting it in 2015 to manage his own money, to launch a new growth strategy for its hedge-fund business.
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Hundreds of Tesla workers tested positive for the virus after Elon Musk reopened a plant, data shows. The data provides the first glimpse into virus cases at Tesla, whose chief executive, Elon Musk, had played down the severity of the pandemic
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PNB is doing an e-auction of properties. Should you buy? In a tweet, PNB said, 'get reasonable prices of residential and commercial property through PNB e-auction being held on 15 March'
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Did You Get A $2,000 Stimulus Check?

Forbes - 15 Mar 2021 01:13
Did You Get A $2,000 Stimulus Check? Stimulus checks are coming this week. Will you get a stimulus check?
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AMC Skyrockets After Chinese Billionaire's Firm Cuts Stake, Ushering In Bullish Reddit Traders The stock added about $1 billion in market value Monday.
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Why Are We So Afraid Of Inflation?

Forbes - 15 Mar 2021 21:52
Why Are We So Afraid Of Inflation? The fear that today's monetary and fiscal policies could trigger runaway inflation is profoundly misguided, as they are not sufficient to unleash 1970s-style price spikes. The Fed is not worried, and neither should you.
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Biden Wants $300 Checks Every Month For Children President Joe Biden wants to send you $300 checks every month if you have children.
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