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Business News

Location American Business News for 7 May 2021
Myke Towers: New Album, Dreams For 2021, Reventón Performance Myke Towers just dropped his third studio album at the end of April. 'LYKE MYKE' has hits and more personal raps, but the Puerto Rican artist has even more plans for 2021.
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What Drove U.S. Steel Stock Up 15% In A Week? U.S. Steel Corp stock increased over 15% in just the last one week (five trading days). This rally was mainly driven by the overall positive sentiment with respect to the stock. Credit Suisse upgraded the stock to "outpe...
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The Chinese rocket falling to Earth uncontrolled is one of 11 similar missions scheduled over the next 2 years The rocket was launched as part of a China's project to build its own space station by 2023. Two more Long March 5B rockets are planned to be used.
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DraftKings said it has 1.5 million million monthly unique paying customers as of its first quarter, holding on to the gains in made in its fourth quarter.
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News Corp Revenue Rises on Real Estate and Publishing Growth

Wall Street Journal - 7 May 2021 01:14
News Corp Revenue Rises on Real Estate and Publishing Growth News Corp reported 3% revenue growth for the quarter that ended in March, driven by positive foreign-exchange fluctuations, plus solid growth at the company's digital real estate, book publishing and Dow Jones units.
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Bitcoin, dogecoin, ether and other cryptocurrencies are now worth about $2 trillion, but are their owners rich and would it affect the economy if they lost most of it?
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These States Are Dropping Federal $300-A-Week Unemployment Benefits Many Republicans are claiming that overly generous unemployment payments are causing labor shortages.
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Square's Edge Still Comes from Sellers

Wall Street Journal - 7 May 2021 19:47
The financial-technology company's Cash App might be getting a lot of the attention right now, but linking up the app with a growing seller business is a big opportunity.
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More Room For Growth In Hess Corporation Stock? The shares of Hess Corporation (NYSE: HES) have recovered to pre-Covid levels supported by stable benchmark prices and a strong balance sheet. Given the resurgence of coronavirus cases in various countries, OPEC has not ...
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A California bar owner is accused of selling fake COVID-19 vaccine certificates for $20 each Todd Anderson, the owner of Old Corner Saloon in Clements, California, faces charges of identity theft and forging government documents.
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Why The Weak Jobs Report Is Bullish For The Stock Market Why April's Weak Jobs Report is bullish for the stock market. Here's a closer look.
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FBI Puts Warning Signs on Bitcoin ATMs in This US County Following a Scam The Federal Bureau of Investigation (FBI) is putting up warning signs on bitcoin ATMs in Cuyahoga County of the U.S. state of Ohio to warn residents not to fall for scams asking victims to send money to scammers via bitc...
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Consumers to get socked with higher prices in 2021

New York Post - 7 May 2021 00:35
Consumers to get socked with higher prices in 2021 Americans looking to spend a little money as they emerge from the pandemic are about to get pinched by rising prices everywhere they turn.
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Tuesday Morning Names Burlington Exec as New CEO

Retail Touch Points - 7 May 2021 16:58
Tuesday Morning Names Burlington Exec as New CEO Tuesday Morning has named off-price retail veteran Fred Hand as its new CEO, effective May 17, 2021. Hand was most recently COO of Burlington Stores, which he first joined in 2008 as EVP Stores and Operations. Prior to t...
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Can Songwriting Survive Streaming? Abba's Bjorn Ulvaeus Is Worried. One of pop's most successful songwriters on fighting for the value of his craft, and on the young talents he admires most.
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Unlike most celebrities tapped to host "Saturday Night Live," Elon Musk won't just phone it in. He'll Autopilot it in.
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34 Amazon Prime-eligible Mother's Day gifts that are all under $25 If you're looking for a great Mother's Day gift under $25, we've got you covered with 34 of the best options - all Amazon Prime eligible.
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Goldman Sachs announces a new crypto trading team in an internal memo, report says The memo is the first time the US bank has formally acknowledged its involvement in the reported plans.
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The separation is expected to generate a wealth transfer not seen since the $38 billion divorce of Jeff Bezos and Mackenzie Scott in 2019.
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Privitar is prepping a platform for sharing data in a way that ensures end users don't compromise privacy laws.
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China's big three telecoms carriers lost their appeals against being kicked off the New York Stock Exchange, and will be delisted to comply with an investment ban introduced by former President Donald Trump.
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US unemployment rises to 6.1% as hiring slows

Chicago Tribune - 7 May 2021 15:31
US unemployment rises to 6.1% as hiring slows With viral cases declining and states and restrictions easing, businesses have added jobs for four straight months, the Labor Department said. Still, the unemployment rate ticket up 0.1%.
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