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Business News

Location American Business News for 14 April 2021
Bye-bye, front loaders! Whirlpool unveils the washing machine of your dreams Front loader, your days are numbered. The front-loading washing machine was meant to be the panacea of laundry. Launched with a big push in the late ’90s, the machines were supposed to use less water than the old top l...
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SEC Commissioner: Banning Bitcoin Is Like Shutting Down Internet -- Government Would Be 'Foolish' to Try SEC Commissioner Hester Peirce compares banning bitcoin to shutting down the internet, stating that governments would be foolish to try. She also offers some insights into whether the SEC will approve a bitcoin exchange-...
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Cryptocurrencies including bitcoin and ether jumped ahead of Coinbase Global's trading debut.
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Clubhouse Names Sean Brown Head of Sports Partnerships On Wednesday, the social audio app Clubhouse announced that Sean Brown will lead its sports partnerships efforts, the latest addition to its leadership team. Most recently, Brown was a senior marketing director at Wasser...
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Lifewtr and Issa Rae Announce a New Inclusion Initiative to Boost Life's Unseen Artists As Hollywood continues to address the longstanding racial, gender and disability disparities plaguing the entertainment industry, more brands are finding ways to leverage their platforms to make the creative landscape mo...
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Verizon Media Now Has a Way to Target People When No User ID Is Present As the digital ad industry is working through its existential identity crisis, Verizon Media is introducing an ad targeting offering that won't require individual identifiers. Called Next-Gen Solutions, Verizon Media's n...
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Bitcoin Prices Reached An All-Time High Above $63,000--What's Next? Where will bitcoin prices go after the digital currency notched a new record high? Will the cryptocurrency rally or decline in value?
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Coinbase's listing comes after bitcoin on Tuesday rose to as high as $63,000, a record, and as digital currency increasingly becomes mainstream.
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44% of Americans feel comfortable socializing in public, a high since the beginning of the pandemic New polling data from Morning Consult shows the "comfort in public rate" has risen 63% since January 2021 as more Americans get vaccinated.
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Luxury Shares Soar as Louis Vuitton Shrugs Off Pandemic

Wall Street Journal - 14 Apr 2021 16:27
Luxury Shares Soar as Louis Vuitton Shrugs Off Pandemic Shares across Europe's luxury-goods sector hit record highs after LVMH Moët Hennessy Louis Vuitton reported a strong rebound in first-quarter sales, defying the pandemic's drag on the global economy.
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Meet The Company Reprogramming The Future Of Synthetic Biology Bit.bio, a synthetic biology company based in Cambridge, UK, is radically reimagining what is possible with the engineering of mammalian cells.
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AI Chip Startup Groq, Founded By Ex-Googlers, Raises $300 Million To Power Autonomous Vehicles And Data Centers Groq founder Jonathan Ross, who helped invent Google's tensor processing unit, has plans to double the AI chip startup's staff and expand its customers beyond existing ones in data centers and autonomous vehicles.
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Why Taco Bell's Times Square Digital Restaurant Is A Big Deal Taco Bell has opened a new, fully-digital Cantina model in New York City's Times Square. It includes digital-only ordering and contactless order-ahead digital pickup cubbies.
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Golden State Warriors' New President Faces Big Task To Build Back After The Pandemic The Golden State Warriors yesterday announced Brandon Schneider as their new President and Chief Operating Officer, replacing Rick Welts who will step down at the end of the season.
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JPMorgan's Q1 earnings smash estimates amid big beats in stock-trading and investment-banking revenue The bright spots for JPMorgan included stock- and bond-trading results that both beat, as well as better-than expected investment banking results.
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The Surprising Power of Peer Coaching

Harvard Business Review - 14 Apr 2021 14:15
Here’s why it works — and how to do it right.
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Toshiba CEO Resigns Amid Company Turmoil

The New York Times - 14 Apr 2021 14:15
Toshiba CEO Resigns Amid Company Turmoil The leader of the Japanese conglomerate stepped down as the company faces a buyout offer and an inquiry into management practices.
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Sangamo Therapeutics Stock Looks Attractive At $11 Sangamo Therapeutics, a biotechnology company that focuses on multiple areas in the genomic medicine space, including gene therapy, cell therapy, and in vivo genome editing, looks attractive at current levels of $11, aft...
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The bank released $5.2 billion it had previously set aside to cover soured loans. A year ago, it stockpiled billions of dollars to prepare for the pandemic's effect on the economy.
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China's Bad-Bank Panic Unveils the Man Behind the Curtain

Wall Street Journal - 14 Apr 2021 13:09
State support--explicit or implicit--is a crucial linchpin of the Chinese financial system. Things can unravel quickly when investors no longer believe it is there.
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Student Loan Borrowers Were Tricked By Navient, Says Elizabeth Warren--We Want $22 Million Back Elizabeth Warren says that Navient should be fired as your student loan servicer.
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Examining the gift deed is key prior to any legal challenge In the event that the gift is held to be valid, the balance property would devolve on your siblings and yourself
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