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Business News

Location American Business News for 3 April 2021
Bitcoin Mining Difficulty Sets New Records, BTC Miners Capture $1.5 Billion in Revenue Last Month On Friday, April 2, 2021, Bitcoin’s mining difficulty is the highest it has even been in its lifetime but bitcoin miners still captured record revenues last month raking in $1.5 billion in coinbase rewards and transact...
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Recreational marijuana sales in Illinois smash record in March -- $109 million Illinois set a record with $109 million in sales of recreational marijuana in March -- a huge 35% increase from the previous month.
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The award exceeds the chief executive's annual compensation most years.
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More companies are accepting bitcoin and other cryptocurrencies as payment, including PayPal and Starbucks, despite warnings about its volatility Retailers in the food and drink sector, as well as big tech firms, are recognizing crypto's popularity as a payment option
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MyPillow CEO Mike Lindell is embroiled in political controversy, but he says the brand's famous late-night infomercials aren't going anywhere MyPillow has relied on late-night infomercials to build up its brand. Mike Lindell said that although it's turning more to social media, its TV ads will remain
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The breakout of the stock market to record highs is being affirmed by one of the oldest indicators on Wall Street Dow theory is based on the writings of The Wall Street Journal Co-Founder Charles Dow, often heralded as the founder of technical analysis.
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The purchase of DoublePoint Energy is the largest for a privately held shale driller since 2011, underscoring recent momentum as oil tops $60 a barrel.
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JPMorgan makes Silicon Valley hires - Wall Street burnout spills into Big Law - Return to office updates JPMorgan hires from Silicon Valley Bank; Goldman Sachs updates on summer return to office plans; PIPE drying up for SPAC M&A.
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Private Funding To Rescue Ailing African Retail? With COVID-19 pandemic hitting Africa, midsize businesses are ailing. The key to revival could very well be private funding coupled with government initiatives to harness local talent.
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How Brexit Ruined Easter for Britain's Chocolate Makers

The New York Times - 3 Apr 2021 11:00
How Brexit Ruined Easter for Britain's Chocolate Makers Exports of chocolate to Europe have turned into a nightmare of paperwork and delays, making fine British chocolate scarce in Europe.
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IT jobs grew by 50,000 in March as companies invested in cloud, remote work The unemployment rate for tech workers dropped to its lowest level since August 2019, trade group CompTIA says
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Music Company Founded by Dr. Luke Enables Bitcoin Payments for Songwriters and Producers Bitcoin mainstream adoption is not limited to celebrities endorsing the cryptocurrency via social media or interviews on TV. The music industry is also interested in joining the bandwagon, with an independent publishing ...
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Russian Central Bank Wants to 'Limit' Stablecoin Use in Payments Russia's Central Bank wants to position itself as the country's digital economy center of gravity - and appears ready to pave a way for its forthcoming digital ruble to gain market dominance. And it wants to make sure of...
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How The Fourth Industrial Revolution Is Transforming HealthTech Industry 4.0 leaders are already reaping the benefits of their pre-pandemic investments, creating the prospect of a widening gap between winners and losers.
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All The Times GOP Lawmakers Touted Stimulus Funds They Voted Against New York Reps. Lee Zeldin and Andrew Garbarino celebrated a reversal of MTA cuts that has been tied to the $1.9 trillion relief bill.
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Money and investing stories popular with MarketWatch readers over the past week.
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Bitcoin Bounty Referenced on an Episode of Marvel's 'The Falcon and the Winter Soldier' The leading digital asset bitcoin was mentioned on the action drama television show “The Falcon and the Winter Soldier.” The reference to bitcoin was caught by a Redditor while he was watching the most recent episode...
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Homomorphic encryption enables computing on data while it remains encrypted. IBM believes this will unlock a new generation of services.
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With $150M Capital Infusion, Jumio Could Go Public In 2016, Eduardo Saverin-backed Jumio filed for bankruptcy. It emerged a few months later and just raised $150 million. With revenue topping $100 million, is an IPO in the offing?
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What Investors Need to Know About 'Geopolitical Risk'

Wall Street Journal - 3 Apr 2021 19:00
In Translation: a change in the political landscape can send markets into turmoil.
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Japanese Stocks Are Back on U.S. Investors' Radar

Wall Street Journal - 3 Apr 2021 17:00
Advocates say Japanese companies are more focused on profits, and that the country likely will benefit from a global economic recovery.
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Food-Delivery Investors Are Overstuffed

Wall Street Journal - 3 Apr 2021 16:00
Investors' chilly reception for Deliveroo and Olo shows there isn't an unlimited appetite for food-delivery players, no matter how big the market.
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