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Business News

Location American Business News for 17 March 2021

New Pills for Right Now

The New Yorker - 17 Mar 2021 12:00
Perhaps some Mealatonin to reduce the urge to post images of home-cooked dinners?
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Hedge Fund Manager Says Sell-off in US Treasury Bonds a Threat to 'High-Flying Assets' Like BTC Hedge fund manager Bob Prince has warned that the recent sell-off in the U.S. government bond market could accelerate and this could “threaten high-flying assets” like cryptocurrencies and blank cheque companies. Pri...
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Tesla and SpaceX CEO Elon Musk briefly tried selling one of his tweets about NFTs --- as an NFT.
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The pandemic upended the college-admissions process this year. Here's what students and their families need to know about admissions, wait lists and acceptance rates.
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Digital asset investment products hit record $4.2B inflows already this quarter Bitcoin dominates but Ethereum is growing in popularity for institutional investment products.
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Lithium Deal Could Signal An End To The China-Australia Trade War New mining deals and a political event indicate that the China-Australia trade war could be drawing to a close.
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What Comedian Mark Normand Learned Opening For Jerry Seinfeld Comedian Mark Normand's career was on a steady incline before the pandemic hit a year ago.
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Bitcoin and Ethereum Struggle, ADA and FIL Outperform Bitcoin price failed to continue higher above USD 56,000 and started a fresh decline. BTC traded below the USD 55,000 support level and it is currently (12:30 PM UTC) showing a few bearish signs. If there is a break belo...
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Zero to 6,000% in seven days, dormant altcoins are coming back to life Previously dormant altcoins are suddenly erupting, and it's not very clear why.
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The future of BMW interiors is this massive touchscreen that can tell who's speaking to it - see more BMW launched iDrive in 2001 on the 7 Series. Now, 20 years later, the system has evolved into a giant touchscreen that can tell who's speaking to it.
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Pinduoduo Founder Colin Huang Steps Down From Company

Wall Street Journal - 17 Mar 2021 14:01
Pinduoduo Founder Colin Huang Steps Down From Company Pinduoduo said its founder and chairman stepped down to pursue personal interests in life sciences. The company also overtook Alibaba to become China's largest e-commerce company by annual active buyers.
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Cymbio, a startup developing a product that connects brands with retailers and marketplaces, raised $7 million.
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Can FedEx Stock Rise Post Fiscal Q3?

Forbes - 17 Mar 2021 14:00
Can FedEx Stock Rise Post Fiscal Q3? FedEx is scheduled to report its fiscal Q3 2021 results on Thursday, March 18. We expect FedEx to likely post revenue in-line, and earnings below the street expectations. The overall rebound in the economies across the g...
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Wells Fargo, BofA push back against proposals for race audits The two banks are pushing back against shareholder requests for sweeping audits of how they handle racial equity as the industry faces mounting public scrutiny of its historic role in economic disparities. ]]
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At $66, Charles Schwab Stock Is A Bit Expensive After more than a 130% rally since the March 23 lows of last year, at the current price of $66 per share, we believe Charles Schwab Stock is trading above its near-term potential. Charles Schwab, the largest brokerage fi...
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Earnings Preview: FedEx Reports After Thursday's Close. Here's What To Expect. FedEx Inc. is scheduled to report earnings after Thursday's close, here's a closer look.
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Williams-Sonoma posted fourth-quarter earnings that beat analysts' expectations as consumers shop for home products during the coronavirus pandemic.
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The central bank under Chairman Jerome Powell might strain to convince investors it won't react to excellent news.
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The 10-year yield, which rises when bond prices fall, finished Wednesday's session at 1.641%, according to Tradeweb, up from 1.622% at Tuesday's close.
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Despite Improving Economic Outlook, Fed Still Sees No Rate Moves Until 2023 The Fed's latest outlook looks quite rosy, predicting strong GDP growth, falling unemployment, and inflation getting back to its 2% goal. At the same time, it doesn't see any need to raise rates until 2023, but some offi...
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AbbVie Shares Cross 5% Yield Mark

Forbes - 17 Mar 2021 21:40
AbbVie Shares Cross 5% Yield Mark In trading on Wednesday, shares of AbbVie were yielding above the 5% mark based on its quarterly dividend (annualized to $5.2), with the stock changing hands as low as $102.80 on the day.
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The Gig Is Up for Uber in the U.K.

Wall Street Journal - 17 Mar 2021 21:17
Uber's shares hit record highs last month, as investors saw nothing but open road ahead with the pandemic easing and the world opening back up. Now a court ruling could make for an unforeseen roadblock.
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