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Business News

Location American Business News for 31 March 2021
After $1.6 Billion Fox News Suit, Dominion Voting Mulls Its Next Move A week after Dominion Voting Systems filed a $1.6 billion defamation lawsuit against Fox News, the maker of voting machines may sue other media outlets and individuals who falsely claimed that the company tried to rig th...
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Jamie Dimon, chief executive of JP Morgan Chase & Co., on Tuesday expressed his support for voting rights, days after Georgia approved a new law that restricts access to voting.
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Bloomberg Employees Get Access to Hospital's Vaccine Slots

The New York Times - 31 Mar 2021 03:38
Bloomberg Employees Get Access to Hospital's Vaccine Slots A company memo on Tuesday informed the staff that NYU Langone would "provide vaccines for Bloomberg employees who meet the eligibility requirements."
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Facebook Analytics Will Go Away June 30

AdWeek - 31 Mar 2021 18:35
Facebook Analytics Will Go Away June 30 Facebook is pulling the plug on Facebook Analytics June 30. The social network said in a Business Help Center post that up through June 30, users can still access reports, explore insights and export charts and tables. D...
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Auditoria, a startup developing a platform to automate repetitive accounting tasks, has raised $15.5 million.
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Can Fate Therapeutics Stock Rebound After A 20% Drop? The stock price of Fate Therapeutics, a biopharmaceuticals company focused on oncology and immunology treatments based on natural killer T-Cell programs, has seen a large 20% drop in just five trading sessions. The decli...
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Coursera Inc. priced its initial public offering at $33 a share late Tuesday, at the high end of its target range, raising about $520 million and valuing the company around $4.3 billion.
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Income tax new rules from tomorrow: All you need to know According to the new rules, senior citizens of the age 75 and above with income from pension and interest from fixed deposit in the same bank would be exempted from filing ITR from April 1
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SEC Probes Trading by Archegos That Rattled Stock Market

Wall Street Journal - 31 Mar 2021 22:42
Securities regulators are probing trading at Archegos Capital Management, the fund that made highly leveraged bets on stocks and then collapsed last week.
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Bitcoin and Ethereum Correct Lower, Dips Remain Supported Bitcoin price extended its rise above the USD 59,000 and USD 59,500 levels. However, BTC failed to test the USD 60,000 resistance. It tested USD 59,800 and it is currently (12:00 UTC) correcting gains. Similarly, most ma...
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Goldman Sachs readying Bitcoin product for clients -- BTC bounces above $58K Cryptoassets will be available to Goldman investors at some point in Q2, comments from an incoming senior executive quoted by CNBC suggest.
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Don't Let Financial Metrics Prematurely Stifle Innovation

Harvard Business Review - 31 Mar 2021 14:25
How to measure progress in a product that’s still getting off the ground.
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H&M, Under Attack In China, Sticks to Stance That Angered Beijing The chief executive of H&M said the fashion giant wants to be a "responsible buyer," standing by a human-rights position that triggered the brand's disappearance from China's internet.
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Sephora's Accelerate Bootcamp Is A Big Win For BIPOC Incubator Brands Sephora Accelerate Bootcamp which is a rigorous week of indoctrination training designed to help BIPOC brand owners with many facets of their businesses including marketing, omni strategy, product development, investment...
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Stimulus checks will finally get to Social Security recipients next week Millions of Americans relying on Social Security benefits will finally get their third coronavirus stimulus checks next week, according to the feds. The Internal Revenue Service and the Social Security Administration say...
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Family Offices Like Archegos Take Big Risks Like Hedge Funds

Wall Street Journal - 31 Mar 2021 22:53
These firms, which manage huge piles of wealth for individuals or families, are proving to be increasingly important to the financial system. The shift toward riskier strategies has raised concerns on Wall Street.
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An internal German government report shows that authorities were scrutinizing Greensill for more than a year before it unraveled.
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Report: SEC Opens Preliminary Investigation Into Archegos' Bill Hwang After $30 Billion Stock Liquidation This isn't Hwang's first run-in with regulators.
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US Treasury's Proposed Crypto Wallet Rule Is Unconstitutional, Warns Civil Rights Group The New Civil Liberties Alliance has objected to FinCEN’s proposed crypto wallet rule, calling it “unlawful.” In addition, the group says that the U.S. Treasury’s “planned ‘crackdown’ on cryptocurrency hold...
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The Economy Continues To Gain Strength In 12 Charts With the availability of multiple Covid-19 vaccines and a growing vaccination rate, the economy is poised to deliver strong growth in 2021 as indicators show increasing economic activity.
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Here's When The $2 Trillion Infrastructure Bill Could Actually Pass--It May Be Months From Now Biden's ambitious spending proposal is facing a tough path through Congress.
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Biden Plan Backs Offshore Wind -- Which Public Companies Could Power A Boom? In contrast to his killing the Keystone XL oil pipeline at the dawn of his presidency, Joe Biden this week has emphatically embraced the promise of offshore wind power.
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