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Business News

Location American Business News for 13 April 2021

U.S. Seeks to Pause J&J Shot After Rare Blood-Clot Cases

Wall Street Journal - 13 Apr 2021 15:47
U.S. Seeks to Pause J&J Shot After Rare Blood-Clot Cases The FDA and CDC are reviewing data involving six reported cases of blood clots, and the drugmaker said it would delay the European rollout of its vaccine.
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MyPillow CEO Mike Lindell told Steve Bannon he is launching 'MyStore' - a 'patriotic' version of Amazon MyStore currently lists a "patriotic" range of products, including "freedom flags," "freedom coffee," and books about Trump.
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Billionaire hedge-fund manager Steve Cohen just sold his New York City penthouse after 8 years and a 74% discount The sale price was not disclosed, but the duplex penthouse was last asking $29.5 million - a 74% discount from its $115 million price tag in 2013.
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Some Pubs and Shops Reopen in England, Raising Hopes for Economic Recovery The pandemic has left Britain with deep economic wounds, but "Monday is a really positive start."
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Fed's Rosengren: Fed Policy Appropriate for Current State of Economy Boston Fed chief says he expects the economy to grow rapidly this year, though a full recovery could take longer than many think.
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Google reported last week that the search "When is the housing market going to crash?" had spiked 2,450% in the past month.
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China's Economy Is Still Dependent on Housing and Exports

Wall Street Journal - 13 Apr 2021 16:43
Despite the Beijing leadership's rhetorical emphasis on new industries and self-reliance, housing and exports are still driving China's recovery.
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Microsoft's Nuance Gambit Shows Healthcare Is Shaping Up as Next Tech Battleground The companies' $16 billion deal is the latest sign that the next battleground for technology giants will be in healthcare, an industry whose need to embrace data and software was underscored by the pandemic.
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Grab to Go Public in Record $40 Billion SPAC Merger

Wall Street Journal - 13 Apr 2021 15:09
Grab to Go Public in Record $40 Billion SPAC Merger The "superapp" operator said it would go public on the Nasdaq by merging with a special-purpose acquisition company, securing a near-$40 billion valuation in a new milestone for the SPAC boom that has swept markets.
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NYSE Picks Crypto.org Chain For Its NFTs

Crypto News - 13 Apr 2021 14:53
NYSE Picks Crypto.org Chain For Its NFTs The New York Stock Exchange (NYSE) has become the latest big name to join the non-fungible tokens (NFT) sector - but its decision to launch what it calls the NYSE First Trade NFTs has seen it make a somewhat unorthodox c...
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OPEC raises 2021 oil demand growth forecast on hopes virus impact wanes Demand will rise by 5.95 million barrels per day (bpd) in 2021, or 6.6%, the Organization of the Petroleum Exporting Countries forecast in its monthly report, up 70,000 bpd from last month
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Reuters Names Alessandra Galloni Editor in Chief Reuters named Alessandra Galloni its next editor in chief, the first woman ever to lead the London-based global news brand. Galloni will replace Stephen Adler when he retires later this month. Top line In a statement, Re...
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Asian 'superapp' Grab to go public in $40 billion SPAC deal Southeast Asian tech giant Grab plans to go public in the US with a nearly $40 billion valuation in the largest-ever deal with a blank-check company. Grab -- a self-described “superapp” that offers ride-hailing, food...
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3 Steps To Grab Safe 7.3% Dividends

Forbes - 13 Apr 2021 02:00
3 Steps To Grab Safe 7.3% Dividends If you're on the hunt for big dividends, closed-end funds (CEFs) must be on your shopping list.
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Nasdaq Sets Reference Price for Coinbase Listing at $250

Wall Street Journal - 13 Apr 2021 23:46
Shares of Coinbase, which is the largest bitcoin exchange in the U.S., are set to start trading Wednesday.
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S&P 500 Posts New Record High, Tesla Skyrockets Despite Worse-Than-Feared Inflation Data And Vaccine Concerns Gasoline prices spiked more than 9% last month.
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Bitcoin Prices Reach Fresh, All-Time High Ahead Of Coinbase Direct Listing Bitcoin prices have more than doubled this year. Which major price milestone will the digital currency reach next?
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Top ETFs This Week Amid A Push-And-Pull Market Diversify your portfolio with this week's top ETFs. Q.ai's deep learning algorithms have identified one Neutral, four Unattractive, and two Top Shorts for this week.
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Can IRhythm Stock Rebound After A Large 40% Drop Yesterday? The stock price of iRhythm Technologies, a healthcare company that provides ambulatory electrocardiogram (ECG) and cardiac monitoring products, saw a large 40% drop in a single trading session yesterday. This large drop ...
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IRS Commissioner Says Tax Gap Could Exceed $1 Trillion Per Year Thanks to crypto, tax evasion by the wealthiest and more.
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JnJ Amid Trending Stocks This Week

Forbes - 13 Apr 2021 18:04
JnJ Amid Trending Stocks This Week This week is marred by some mixed sentiment with the advised suspension of the JnJ vaccine and inflation data. Make the most of it with these trending stocks.
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Top Stocks To Buy Today As Markets Cut Losses On Tame Inflation Data Unexpected inflation data significantly cut pre-market losses, despite regulators recommending JnJ's one-dose COVID vaccine suspension. Make the most of this market with today's top buys.
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