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Business News

Location American Business News for 28 April 2021
Tesla's 'Hidden' Shareholder Risk: Executive Options, Pushed To The Limit Shareholders are being harmed by diluted ownership, diluted growth and misleading earnings.
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Walmart is accusing Kanye West of copying its logo with his new Yeezy branding Walmart claimed Yeezy's logo could mislead consumers into believing Walmart is associated with West's brand - which is a partnership with Adidas.
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Paypal CEO Says Demand for Cryptocurrencies Is 'Multiple-Fold' of Initial Expectations The CEO of payments giant Paypal, Dan Schulman, has revealed that the demand for cryptocurrencies has been “multiple-fold” of his company’s initial expectations. Paypal’s Venmo recently began rolling out cryptocu...
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Bulls push Ethereum price higher ahead of Friday's $930M options expiry Bulls have a $115 million lead on Friday's $930 million Ethereum options expiry, a signal that ETH could be en route to new all-time highs.
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How GSK and Other WFA Advertisers Are Going Open Source to Champion Diversity It's well beyond time to just talk about the importance of diversity and representation in our advertising; we need to practically get on and do it. We're challenging ourselves on the role we can play in driving that ext...
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Auction House Phillips Names Former Christie's Executive as New CEO Phillips said it plans to name Stephen Brooks as its new chief executive, enlisting him to expand the house's global reach, particularly across Asia.
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The U.S. Cities Where Airlines See the Most Growth

Wall Street Journal - 28 Apr 2021 14:56
The U.S. Cities Where Airlines See the Most Growth Austin, Boston and Raleigh-Durham are among the mini-hubs the major carriers will be fighting over this year, to the benefit of air passengers.
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Ben & Jerry's Teams With Snap for Peace Pop On-Pack Festival Activation Earlier this year, Unilever-owned ice cream brand Ben & Jerry's launched its "Peace Pop" fair trade range which will now aim to "transport" users to a summer festival by introducing Snap's augmented reality (AR) "pack sc...
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Ethereum Scores New ATH, Bitcoin Consolidates, DOGE Rallies Bitcoin price tested the USD 55,800 zone before correcting lower. BTC traded below the USD 55,000 level, but downsides were limited. It is currently (12:20 PM UTC) trading above USD 55,000 and showing signs of a steady i...
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Boeing Reports Loss as Air Force One Work Drags

Wall Street Journal - 28 Apr 2021 14:15
Boeing Reports Loss as Air Force One Work Drags The aerospace company took a $318 million pretax charge on the presidential jet project in the latest quarter, the second in a year.
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Facebook's ad business expected to surge, following Google's act Social-media company may share plan to boost revenue as Apple rolls out changes enabling users to put limits on ad tracking
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America's Fifth-Largest Banking Institution US Bank to Offer Cryptocurrency Custody On April 27, the American bank holding company U.S. Bank revealed in a blog post that the financial institution plans to offer cryptocurrency custody services. The bank’s chief strategy officer for U.S. Bank Global Fun...
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Robots Hunted A Mock Chinese Ship--Then a U.S. Navy Destroyer Lobbed A $5-Million Missile At It The U.S. Navy just showed us how it could fight the Chinese fleet. With stealthy robots, sophisticated communications systems and powerful warships firing high-tech missiles over long distances.
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Sony Eyes a Broader Entertainment Empire

Wall Street Journal - 28 Apr 2021 13:56
Sony Eyes a Broader Entertainment Empire The pandemic's boost is fading for Sony, but the electronics-and-entertainment group's longer term content-focused strategy still looks likely to pay off.
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U.S. stock-index futures point to a flat to slightly lower for Wall Street Wednesday as investors awaited the conclusion of a Federal Reserve policy meeting and continued to sift through quarterly results from tech heavy...
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Facebook's Ad Business Expected to Surge

Wall Street Journal - 28 Apr 2021 13:50
Facebook's Ad Business Expected to Surge Facebook is expected to benefit from a wave of digital ad spending and post a sharp increase in quarterly revenue and profit.
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Co-founder of $2B startup says he was fired for taking LSD at work The co-founder and former CEO of $2 billion marketing startup Iterable says he was squeezed out of the company for taking LSD on the job. San Francisco-based Iterable reportedly sent out a memo to staff on Monday announc...
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How the Federal Reserve Gauges Inflation

The New York Times - 28 Apr 2021 13:46
How the Federal Reserve Gauges Inflation The central bank thinks price increases will be temporary. Some economists are worried they won't be.
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The European Union fined the three banks for illegally colluding on trades in government bond markets at the expense of their clients.
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Results are due from Apple and Facebook.
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Alphabet reported beats on its top and bottom lines.
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Qualcomm raised its forecast for handset shipments in 2021 as the economy reopens.
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