Business News
Is Palantir Stock A Buy At $18?
Forbes - 14 May 2021 14:00Retail Doesn't Need Therapy
Wall Street Journal - 14 May 2021 17:32
Don't wonder why U.S. retail sales missed expectations in April. Wonder how strong they will be in coming months as the Covid-19 pandemic fades.
Retail Sales Were Flat in April
The New York Times - 14 May 2021 14:45
Retail sales held steady in April after rising 10.7 percent the previous month, as Americans continued to spend government stimulus payments.
Colonial Pipeline Paid Roughly $5 Million in Ransom to Hackers
The New York Times - 14 May 2021 02:33
The payment clears the way for gas to begin flowing again, but it risks emboldening other criminal groups to take American companies hostage by seizing control of their computers.
State-Owned Swiss Bank Postfinance Launches App Supporting 13 Cryptocurrencies
Bitcoin.com - 14 May 2021 02:30
The banking subsidiary of the national postal service of Switzerland, Postfinance, has launched a mobile app providing clients with access to cryptocurrencies, ETFs and more. The software allows users to make payments, s...
Green energy tokens capitalize on Tesla's decision to nix Bitcoin payments
Coin Telegraph - 14 May 2021 02:08
Tesla's decision to cease Bitcoin payments ignited a green energy debate that sent the price of low energy consumption protocols like NANO, HBAR and EWT higher.
Apollo Sells Smart & Final to Bodega Latina for $620M
Retail Touch Points - 14 May 2021 17:41
Bodega Latina -- a subsidiary of Grupo Comercial Chedraui (GCC) -- has agreed to acquire grocery chain Smart & Final from funds managed by Apollo Global Management for approximately $620 million. Smart & Final is celebra...
Faith-Based Investing Makes Up Ground in Gains and Convenience
The New York Times - 14 May 2021 15:00
Investing according to theological beliefs "is much easier to do now," a wealth adviser said. It's also as profitable as investing without a religious screen, and no more risky.
AMC stock surges after movie theater chain raises $428 million in share sale
USA Today - 14 May 2021 14:59
Shares of AMC Entertainment are surging after the movie theater giant announced it raised more cash after completing a share equity program.
Economic Report: Import prices surge again in April and help fuel rising U.S. inflation
Market Watch - 14 May 2021 14:53
The cost of imported goods rose sharply in April and added to mounting inflation in the United States. Import prices have climbed 10.6% in the past year, the biggest advance in a decade.
April US retail spending hits new record but lands below estimates as stimulus fades
Business Insider - 14 May 2021 14:43
Sales edged slightly higher, by just $136,000, after stimulus checks and expanded unemployment benefits powered a spending surge in March.
Bitcoin slides 13% for the week after Elon Musk's bombshell U-turn, but finds some support at $50,000
Business Insider - 14 May 2021 14:34
It was a bad week for bitcoin, with Elon Musk criticizing its energy use and regulators increasing their scrutiny.
Unemployment benefits are competitive with most states' average wages - and it could explain why Americans aren't rushing back to work
Business Insider - 14 May 2021 14:30Strategic Data Strategies Will Win In An Enhanced Privacy Era
Forbes - 14 May 2021 13:48Why The Fed Is Wrong About The Coming Inflation
Forbes - 14 May 2021 13:30The RetroBeat: Adventures in the Magic Kingdom is my NES guilty pleasure
Venture Beat - 14 May 2021 23:07
Look, I just love theme parks, and any experience that makes me feel like I'm in one makes me happy.
South Korea: Interest in Crypto Equal Between Younger and Older Age Groups
Crypto News - 14 May 2021 02:00
The authors of a detailed report on the profile of crypto investors in South Korea have concluded that Crypto Fever 2.0 has been marked by a spike in interest among older age groups - with those in their 40s and 50s expr...
At Least 16 States Dropping $300-A-Week Federal Unemployment Benefits
Forbes - 14 May 2021 01:55Wall Street panicking that Biden's tax hikes will be retroactive
New York Post - 14 May 2021 01:20
The White House won't rule out a retroactive implementation of its sweeping new tax plan — and tax haters across Wall Street are in a panic. The Biden administration has previously said levying taxes retroactively — ...
Stablecoin Demand in 2021 Skyrockets, Fiat-Pegged Token Economy Nears $100 Billion
Bitcoin.com - 14 May 2021 01:00
While most cryptocurrency markets are down today in value, dollar-pegged stablecoins have seen significant demand during the last 24 hours. Currently, the entire market valuation of all the stablecoins in existence is ro...
Texas Lawmakers Pass Bill To Ban Abortion After Six Weeks
Forbes - 14 May 2021 00:48Google Cloud CEO predicts boom in business-process-as-a-service
Venture Beat - 14 May 2021 00:36
At Automation Anywhere Imagine Digital, Google Cloud's CEO said the shift to business processes as a service is driving cloud migration.