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Business News

Location American Business News for 27 March 2021
Investors flee James Dolan decision to merge MSG's owner with its cable network Billionaire James Dolan is merging the company that owns the Madison Square Garden arena with the cable network that broadcasts New York Knicks games to local fans -- and investors are running for the exits. Madison Squa...
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A company that is looking to explore data streaming capabilities does not need to go "all-in." In fact, it's best if you don't.
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Ensign Peak Advisors' bet on Elon Musk's electric-vehicle company surged in value from $1 million to $330 million in 12 months.
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Amazon Gets Emergency FDA Approval For At-Home Covid-19 Test Kit The test was developed by Amazon subsidiary STS Lab Holdco.
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RPGs in 2021 and beyond: The Nexon take

Venture Beat - 27 Mar 2021 15:16
Where are RPGs heading in 2021 and beyond? In this first in a series of interviews, GamesBeat talks to Nexon about what it sees ahead.
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It's time for the US to implement a carbon tax on corporations and use the money for something in dire need of support: infrastructure.
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The economy needs the wealthy to spend a lot more to get back on its feet The pandemic economy was defined by solitary leisure activities, which left a huge hole in it. The wealthy need to spend after reopening to fill it.
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Bitcoin Cash-Powered Onlycoins Aims to Compete with the Popular Content Platform Onlyfans Recently, Bitcoin Cash proponents have been introduced to a new application that competes with the content subscription service Onlyfans. The web portal Onlycoins is a service that is similar to Onlyfans but instead, cre...
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Nike Takes A Brand Stand: Exits Six More Retailers, Including DSW, Urban Outfitters, and Macy's Nike's decision announced today to cut ties with six more key retailers should reverberate in the board rooms of many more department stores, and multi-brand specialty retailers.
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I have seen the future, and I am here to tell you, the industrial AR and VR revolution is primed.
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Josef Fares is sure that you're going to like his game, It Takes Two. Otherwise, you can break his arms and legs.
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Disney Sets Up Streaming's Biggest Test Yet

Wall Street Journal - 27 Mar 2021 16:00
"Black Widow" will be the first premium streaming offering to compete against a reopened movie-theater market.
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GameStop knows its stock is 'extremely volatile' - but leadership says it's completely out of their control Months after a short squeeze sent shares soaring more than 1,600%, GameStop's stock remains extremely volatile, the company told investors.
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Burnout bonuses - Who to know to launch a hedge fund - Wall Street confessions Top finance stories of the week: Credit Suisse, Apollo bonuses; investment banking analysts; who to know when launching a hedge fund.
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How Wall Street Deals with Banker Burnout

The New York Times - 27 Mar 2021 14:00
How Wall Street Deals with Banker Burnout Junior bankers are burning out. What should banks do about it?
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In the Suez Canal, Economics and Physics Make for Tough Sailing

Wall Street Journal - 27 Mar 2021 14:00
In the Suez Canal, Economics and Physics Make for Tough Sailing Between the growth of container vessels and the hydrodynamics of the canal, conditions were ripe for a mishap like the Ever Given's predicament in Egypt this week.
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Grounded Ever Given Tells Much About The State Of Our Economy The image of the Ever Given brings home the tangible elements of globalization - and tells us about how trade and infrastructure will evolve post the pandemic.
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Whole Foods is reporting a three percent increase in sales over the past few months. Also, the stock market is reacting favorably to the midterm election results. Jill Wagner reports on the day's to MoneyWatch headlines.
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Italian Copyright Agency Selects Algorand to Create Over Four Million NFTs to Represent Author Rights The non-fungible token fever witnessed over the last few months is catching the copyright management agencies’ attention. One of them, located in Italy, has chosen a blockchain company to create its own NFTs. SIAE Expe...
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South Korea Crypto Scammers Targeting People in Their 50s & 60s Source: Adobe/jon_chica "Crypto" fraudsters in South Korea are increasingly preying on citizens in their fifties and sixties, a new report has found, with crypto-flavored multi-level marketing (MLM) schemes now running w...
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The Wall Street Journal is reporting that Apple is in talks to distribute its products in Iran, but economic sanctions isolate the country because of its nuclear program. Gayle King reports.
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Pursuing Happiness In A Digital World

Forbes - 27 Mar 2021 19:37
Pursuing Happiness In A Digital World Do digital technologies make people happier or not? It can be a double-edged sword. For some, it can offer a safe, non-threatening place to nurture and maintain social connections. For others, surveillance and addiction ...
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