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Business News

Location American Business News for 5 May 2021
JPMorgan Boss Jamie Dimon Says 'I Don't Care About Bitcoin' but Clients Are Interested JPMorgan CEO Jamie Dimon has reaffirmed his stance on bitcoin while acknowledging that his bank’s clients are interested in the cryptocurrency. “I don’t tell clients what to do,” he said while emphasizing that he...
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UPS Donates $1 Million In Covid Aid To India, Joining Corporate Giants Including FedEx, Google And Amazon The UPS Foundation announced Wednesday it would donate $1 million in aid during India's Covid-19 surge.
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The Crossword: Wednesday, May 5, 2021

The New Yorker - 5 May 2021 12:00
Oft-quoted athlete who said, "I really didn't say everything I said": five letters.
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Employer Wants Cryptocurrency Back From Employee After Price Soars 700%, Offers to Pay in US Dollars Instead A company paid an employee for his work done in cryptocurrency. However, after the price of the cryptocurrency skyrocketed 700%, the employer wants the coins back, offering to pay the employee in U.S. dollars instead. Em...
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The statistic was included in a report by the Reflective Democracy Campaign, which investigates diversity in elected leadership.
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CME Group will close most of its trading pits -- for good Fourteen months after temporarily closing its trading pits because of the COVID-19 pandemic, CME Group says most of them will not reopen.
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The American worker had been earning less throughout the pandemic. That ended in March. March was a portal: It's when wages went into a pandemic-related decline in 2020 and emerged in 2021. That took twice as long in the Great Recession.
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The consumer-products company will offer about 25.8 million shares to raise about $413 million. The Honest Co. has a valuation around $1.45 billion.
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Zynga beat analysts' expectations today, reporting stellar bookings and revenues in the first quarter ended March 31.
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How to add audio to a Google Slides presentation from Google Drive or Spotify You can add music or other audio to Google Slides in a few quick steps and liven up any slideshow presentation.
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Jeff Bezos is building a gigantic luxury yacht that's expected to be one of the best in the world - and he's adding a 'support yacht' with its own helipad Bezos hasn't previously had a boat of his own, but he's often spotted on mega-yachts belonging to the likes of David Geffen and Diane von Furstenberg.
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Ethereum co-creator Vitalik Buterin is now the world's youngest crypto billionaire amid ether's 350% year-to-date surge Ethereum co-creator Vitalik Buterin holds 333,521 ETH worth some $1,125,299,854 as of Wednesday's coin price.
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Timescale, the company behind the open source time-series database TimeScaleDB, has raised $40 million in a series B round of funding.
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The Honest Company Is Honestly Overvalued

Forbes - 5 May 2021 03:12
The Honest Company Is Honestly Overvalued I think The Honest Company is worth no more than $7/share. A valuation at $15/share implies the company's profits will be three times greater than Revlon (REV).
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Southeast Asia's Largest Bank DBS Says Trading Volumes on Its Cryptocurrency Exchange Have Increased 10 Times DBS, Southeast Asia’s largest bank, says that cryptocurrency trading volumes on its exchange have grown 10 times to around $30 million to $40 million. The bank is also collaborating with JPMorgan on a blockchain settle...
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Berkshire Hathaway's Stock Price Is Too Much for Computers

Wall Street Journal - 5 May 2021 02:35
Berkshire Hathaway's Stock Price Is Too Much for Computers Warren Buffett won't split shares, which are fast approaching Nasdaq's limit
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The US is wary of China's military ambitions in Africa

Business Insider - 5 May 2021 02:30
The US is wary of China's military ambitions in Africa The top US commander in Africa recently told lawmakers that China's new naval pier in Djibouti could support an aircraft carrier.
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3 Great Retirement Funds (Yielding Up To 11%) Hiding In Plain Sight There's a "retirement shortcut" far too many people ignore...
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Bill and Melinda Gates to Remain Foundation Co-Chairs

Wall Street Journal - 5 May 2021 01:34
Bill and Melinda Gates to Remain Foundation Co-Chairs Despite the philanthropists' impending divorce, no changes are planned for their roles or for the organization that has transformed the world's fight against poverty, inequity and disease.
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Bears aim for sub-$60K Bitcoin price ahead of Friday's $1.1B options expiry Bitcoin bulls have a $104 million advantage leading into Friday's $1.1 billion options expiry, but a favorable close depends on BTC price reaching $60,000.
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Mobile game studio Metacore has raised $179.9 million in funding from Supercell to continue developing its casual mobile games.
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The Paycheck Protection Program will only accept new applications from Community Financial Institutions, as funding for other borrowers has run out.
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