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Business News

Location American Business News for 7 April 2021
EXO Member Baekhyun Makes History In Korea With His Latest Solo Release Baekhyun's new EP sold more than 800,000 copies in its first week, a new record.
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Jamie Dimon Sees a Boom Coming

The New York Times - 7 Apr 2021 14:41
Jamie Dimon Sees a Boom Coming Jamie Dimon tells the bank's investors to prepare for an economic upswell.
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You CAN Retire On $600K (Or Less) On Dividends Alone These often-overlooked income plays regularly boast yields of 6%, 7% and even as high as 9%.
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The online company raised $155 million in its latest round, led by a new investor, Tiger Global Management.
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Toshiba Gets Deal Proposal That Could Be Worth More Than $20 Billion Japan's Toshiba said it received a proposal for acquisition from private-equity firm CVC Capital Partners, in a deal that could be valued at more than $20 billion.
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2021 Is Shaping Into A Transition Year For The U.S. Airline Industry U.S. Airlines are in a transition year in multiple ways, including their networks, fleet, loyalty programs, financial structure, and even their business models. It is not clear when this transition will end and exactly w...
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Bryan Cranston unloads eco-friendly beach house for $5.45 million 'Breaking Bad' star Bryan Cranston just sold his eco-friendly home on a Ventura County beach for $5.45 million, or $455,000 more than he was asking.
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Column: Jeff Bezos likes Biden's infrastructure plan because he knows it's worth the money Amazon's Bezos endorses Biden's infrastructure plan -- but he won't be paying the cost.
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My pandemic obsession: Why some of us have turned to compulsive shopping (and how to stop) I keep shopping for clothing and accessories I don't need during the pandemic. Why am I doing that? I asked an expert.      
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Daily Cartoon: Wednesday, April 7th

The New Yorker - 7 Apr 2021 17:20
Daily Cartoon: Wednesday, April 7th "He went for a walk and saw three daffodils."
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Online Advertising Stood Sturdy Amid the Pandemic, IAB Says The online advertising industry bounced back from a bruising first six months of 2020 to grow revenues 12% year-on-year, according to the IAB's annual ad revenue report. That's down from the 16% revenue growth seen in 20...
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Portfolio managers at the world's largest sovereign-wealth fund will focus less on the macroeconomic environment or factors like growth, and more on assessing individual companies.
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Here comes the boom: US jobs come roaring back, surprising employers and economists Many data watchers have been caught off guard as improving weather, stimulus and a surge in vaccinations converge to boost the economy. It's a "superfecta" of positives colliding at once, Michael Skordeles, a senior U.S....
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Crowded Ports, Weather Dented U.S. Exports in February

Wall Street Journal - 7 Apr 2021 14:54
Crowded Ports, Weather Dented U.S. Exports in February The trade deficit widened 4.8% to $71.1 billion in February as U.S. companies sent fewer goods overseas amid supply-chain disruptions.
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Bitcoin, Ethereum and Altcoins Lose Steam, Correct Lower Bitcoin price struggled to clear the USD 58,000 resistance zone. As a result, BTC reacted to the downside and traded below the USD 57,000 support. It is currently (12:00 PM UTC) showing signs of more losses and it could ...
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Target pledges to spend more than $2 billion at Black-owned businesses Target will add a broad spectrum of products from more than 500 Black-owned businesses and will increase its spending at more Black-owned companies, from marketing to construction.
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Should You Buy Norwegian Cruise Line Stock As It Plans To Resume Cruises? Norwegian Cruise Line stock has rallied by about 11% over the last five trading days, significantly outperforming the S&P 500 which is up by 2.7% over the same period. The recent gains come as the U.S. Centers for Diseas...
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Covid Relief: The IRS Has Now Issued 156 Million Stimulus Payments Worth $372 Billion Payments for recipients of Veterans Affairs benefits will hit bank accounts on April 14.
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Philip Morris Stock A Buy At $89?

Forbes - 7 Apr 2021 12:30
Philip Morris Stock A Buy At $89? Despite rising more than 45% from its March 2020 lows amidst the coronavirus pandemic, Philip Morris stock (NYSE: PM) still appears to be undervalued. PM stock has rallied from $61 to $89 off its recent bottom as against...
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Wayfair, Amazon: Will The Third Round Of Stimulus Checks Benefit E-Commerce Stocks? Our theme of E-Commerce Stocks - which includes U.S-based e-commerce platform players as well as logistics, and digital payment companies - is up by about 14% year-to-date, compared to the S&P 500 which is up by about 9%...
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Cathie Wood Extends Hot Hand With Space ETF

Wall Street Journal - 7 Apr 2021 11:30
Some criticize the inclusion of the tractor manufacturer Deere and other companies that appear to have no significant ties to the fund's area of focus.
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Student Loan Cancellation May Trigger This Political Firestorm Student loan cancellation is not only about policy; it's about politics too.
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