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Business News

Location American Business News for 14 May 2021

Is Palantir Stock A Buy At $18?

Forbes - 14 May 2021 14:00
Is Palantir Stock A Buy At $18? Palantir, a company best known for its big data and analytics tools for government and large corporations, saw its stock decline by around 11% over the last week. Although the company actually posted stronger than expect...
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Retail 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.
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Retail Sales Were Flat in April

The New York Times - 14 May 2021 14:45
Retail Sales Were Flat in April Retail sales held steady in April after rising 10.7 percent the previous month, as Americans continued to spend government stimulus payments.
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Colonial Pipeline Paid Roughly $5 Million in Ransom to Hackers 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.
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State-Owned Swiss Bank Postfinance Launches App Supporting 13 Cryptocurrencies 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...
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Green energy tokens capitalize on Tesla's decision to nix Bitcoin payments 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.
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Apollo Sells Smart & Final to Bodega Latina for $620M

Retail Touch Points - 14 May 2021 17:41
Apollo Sells Smart & Final to Bodega Latina for $620M 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...
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Faith-Based Investing Makes Up Ground in Gains and Convenience 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.
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Shares of AMC Entertainment are surging after the movie theater giant announced it raised more cash after completing a share equity program.      
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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.
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Sales edged slightly higher, by just $136,000, after stimulus checks and expanded unemployment benefits powered a spending surge in March.
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It was a bad week for bitcoin, with Elon Musk criticizing its energy use and regulators increasing their scrutiny.
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Unemployment benefits are competitive with most states' average wages - and it could explain why Americans aren't rushing back to work Average wages are higher than expanded unemployment in 47 states, Insider calculates, but UI is competitive nearly everywhere. It's changing work.
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Strategic Data Strategies Will Win In An Enhanced Privacy Era Companies that aim to simply meet the minimum requirements of new privacy law are missing the mark. It will require finding ways to prove to consumers that their data is not only safe but also providing value and purpose...
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Why The Fed Is Wrong About The Coming Inflation The people at the Federal Reserve are smart, conscientious and well-intentioned. But in 2021, they are wrong about inflation.
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Look, I just love theme parks, and any experience that makes me feel like I'm in one makes me happy.
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South Korea: Interest in Crypto Equal Between Younger and Older Age Groups 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...
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At Least 16 States Dropping $300-A-Week Federal Unemployment Benefits Many Republicans are claiming that overly generous unemployment payments are causing labor shortages.
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Wall Street panicking that Biden's tax hikes will be retroactive 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 — ...
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Stablecoin Demand in 2021 Skyrockets, Fiat-Pegged Token Economy Nears $100 Billion 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...
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Texas Lawmakers Pass Bill To Ban Abortion After Six Weeks It comes amid a wave of state restrictions on access to abortion.
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At Automation Anywhere Imagine Digital, Google Cloud's CEO said the shift to business processes as a service is driving cloud migration.
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