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Business News

Location American Business News for 17 April 2021
Student-loan borrowers are battling for relief even after Biden's administration canceled $2.3 billion: 'We were taken advantage of' One borrower said Trump's Education Department forgave his federal loans, but at a 0% rate. He's waiting to hear from the Biden administration.
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Citigroup Refocuses in Asia Amid Consumer Pullback

Wall Street Journal - 17 Apr 2021 12:05
The New York-based bank plans to scale up what it sees as a more lucrative endeavor: serving the rising number of wealthy entrepreneurs and their businesses in Asia.
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These Technologies Could Hold Back Business Travel Indefinitely

Wall Street Journal - 17 Apr 2021 06:01
These Technologies Could Hold Back Business Travel Indefinitely The rise of Zoom studios and FaceTime tours--not to mention specially designed robots--suggest a new reality for business-to-business dealings even in the most hands-on of industries: manufacturing.
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Regulators urge safety recall of $4,295 Peloton treadmill after child dies "This doesn't happen with other treadmills," an official told The Washington Post after reports of the child's death and numerous other injuries.
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The complaint was filed Friday. The government accuses the couple of using their company Drake Ventures to avoid paying personal income tax.
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United Airlines hit with lawsuit from two passengers after a Boeing 777 engine caught fire mid-air Two claimants against United Airlines reported suffering personal, emotional, and financial damage as a result of an engine-fire incident.
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Experts reveals the best way to avoid out-of-control rental car fees as America is hit with massive nationwide shortages The US is facing a rental-car shortage that's causing vehicles to rent for upwards of $700 per day in some markets.
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The labor market is the strongest it's been since the pandemic started - and setting up a huge boost to America's most crucial economic engine Despite pockets of labor shortages, supercharged hiring and spending are in evidence. That's good, since consumer spending is 70% of the US economy.
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Goodbye Jeff Bezos, Hello Brian Armstrong - the lessons of the billionaire life cycle In this week's Insider Tech, we look at the way two tech billionaires have made an entrance and an exit, and what it means for corporate America.
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How to use BitClout to bet on the popularity of influencers like Elon Musk on the world's first crypto social network BitClout allows users to invest in celebrity fame by buying tokens that increase in value as the creators gain popularity.
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GameStop investor 'Roaring Kitty' doubled his stake to $31 million worth of shares in his final portfolio update Keith Gill exercised 500 call options and bought another 50,000 shares, boosting his GameStop position to 200,000 shares.
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Investors' on-chain activity hints at Bitcoin price cycle top above $166,000 The Bitcoin cycle top would likely come in at price levels above $166,000 per coin if history repeats.
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Crypto and Traditional Finance To Merge Via M&As

Crypto News - 17 Apr 2021 13:00
Crypto and Traditional Finance To Merge Via M&As As Coinbase has already gone public, and eToro, Kraken are also planning to list their shares, we can also expect to see an increase in acquisition activity in the coming months. While it's expected that mergers and acqu...
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Billionaire Investor: Why Elon Musk Will Be A 'Trillion Dollar Man' Money manager Ron Baron has been delivering stellar returns thanks to one of the biggest holdings in Tesla. Here's why he thinks Musk's SpaceX will be even bigger.
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Rising Debt, Falling Income: How to Dig Out

The New York Times - 17 Apr 2021 11:00
Rising Debt, Falling Income: How to Dig Out More Americans over age 55 are carrying debt loads, and their nonmortgage debt grew significantly during the pandemic.
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Here are the 7 big space companies in the race to build a global satellite-internet network From SpaceX's Starlink to Amazon's Project Kuiper and Telesat in Canada, these are the biggest names in the satellite-broadband market right now.
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Point And Stare At These 5 Ludicrous Double-Digit Yields It's a no-yield world we dividend investors are living in. But believe it or not, there are some payers with serious yields that get zero mainstream attention.
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This Fund's Monster Return Is Fueling 7.9% Dividends Many people spot a closed-end fund (CEF) with a high dividend, a double-digit discount and a big recent price gain and automatically hit the buy button, thinking they've got a clear winner on their hands.
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Lumber Prices Rocket Higher As Demand Overwhelms Supply Prices for all categories of lumber break records as futures prices surge with no relief in sight for buyers.
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Investment options for senior citizens that can fetch better returns than bank FD Senior Citizen Saving Scheme or SCSS is fully debt instrument and it is 100 per cent risk-free
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How long your EPF interest earned is income tax exempted - Explained An EPF account become inoperative if the monthly contribution is not deposited for the period of three years and in that period EPF withdrawal claim is also not received by the EPFO
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The New Denim Hype Looks Like a Stretch

Wall Street Journal - 17 Apr 2021 15:00
Share prices for Levi's and Lululemon are going in opposite directions on shifting fashion trends below the waist. The rebalancing seems excessive.
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