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Business News

Location American Business News for 30 March 2021
Bonuses in the white-dominated finance industry have grown by more than 1,200% since 1985, while the federal minimum wage barely doubled.
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President Joe Biden announces that 90 percent of adults in the U.S. will be eligible for coronavirus vaccines and will have a vaccination site within 5 miles of where they live by April 19.
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Amazon-Backed Deliveroo Secures $10.5 Billion Valuation in London IPO Deliveroo priced its initial public offering at the bottom of its range, valuing the food-delivery startup at around $10.5 billion, after its profit outlook came under increasing scrutiny.
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Nine Underrated Skills All Entrepreneurs Should Possess Young Entrepreneur Council leaders think entrepreneurs should cultivate these skills, even if others aren't.
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Making the change permanent would improve the return to work for older workers
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Chicago-based Cameo raises $100 million from investors including Amazon, Google, UTA Cameo, the Chicago-based startup that lets users buy video shout-outs from celebrities, has banked $100 million in Series C funding -- which the company says gives it a "unicorn" valuation of just over $1 billion.
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Companies Quiet on Georgia Voting Law Face Boycotts

The New York Times - 30 Mar 2021 13:45
Companies Quiet on Georgia Voting Law Face Boycotts Activists threaten boycotts over companies' silence on new Georgia voting laws.
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Banks Face Billions in Losses as a Bet on ViacomCBS and Other Stocks Goes Awry Archegos Capital Management, led by Bill Hwang, couldn't meet financial demands, creating turmoil on Wall Street and raising questions about the fund's ties to lenders.
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The decision to sell early helped insulate the financial giants from losses that have hit others.
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Maker of NBA Top Shot Scores $305 Million in New Funding

Wall Street Journal - 30 Mar 2021 15:01
Michael Jordan and Kevin Durant are among those betting that the company behind NBA Top Shot is poised to build on the craze over digital collectibles, joining in a funding round that lifted Dapper Labs' valuation to $2....
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How To Be An Early Adopter Of Cryptocurrency: 5 Steps For Investing Success Bitcoin and cryptocurrency outperformed any other asset in the market in 2020. In a year of financial volatility, cryptocurrency stayed strong when long-adopted assets.
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More Stimulus Coming? President Biden and Senate Democrats Press for Another $3 Trillion On the heels of the last stimulus package, U.S. President Joe Biden is creating more legislation that may lead to a massive $3 trillion package dedicated to domestic needs and infrastructure. The recent discussions with ...
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Judge orders ex-CEO Stephen Easterbrook to respond to McDonald's information requests A Delaware judge has rejected a request by former McDonald's Corp. CEO Stephen Easterbrook to limit initial information sharing in a lawsuit in which the company claims he lied about having sexual relations with employee...
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New Media Transparency Tools Are Coming to the Buy Side The IAB has introduced two new specifications called buyers.json and DemandChain Object, ways for demand-side platforms (DSPs) to disclose their partners, as efforts to bring transparency to programmatic advertising are ...
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China's $16 Trillion Problem Collides With 'Taper Tantrum' China's enormous debt market might not be ready for prime time.
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Payments firm Nuvei launches support for 40 cryptos including Reddcoin and DOGE Payment provider Nuvei has launched support for nearly 40 crypto assets including lesser-known coins from previous market cycles, such as Reddcoin, Steem, Bitcoin Gold, and Siacoin.
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Lululemon offered an upbeat sales outlook for the current quarter and year, anticipating demand for its sweat-wicking leggings and sports bras will continue.
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The bank said in a memo that "We believe most of us benefit by being physically together."
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Treasury Yields Whipsaw Ahead of Biden Spending Announcement

Wall Street Journal - 30 Mar 2021 20:38
U.S. government bond yields marked new territory on Tuesday before quickly retreating, as investors focused on President Biden's next big spending push and prepared for the end of the quarter.
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ALLY Poised For Record Highs, Says Bull Signal A bull signal flashing on the charts says consumer lending concern Ally Financial (ALLY) could soar to record highs
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IRS Will Begin Sending $1,400 Stimulus Payments To Social Security Recipients And Other Non-Filers This Week But money won't hit bank accounts until April 7.
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Academy Sports & Outdoors Deserves Some Badges

Wall Street Journal - 30 Mar 2021 19:38
The retailer lags behind Dick's Sporting Goods by some measures but its shares look cheap whichever way you spin it.
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