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Business News

Location American Business News for 18 May 2021
Home Depot, Lowe's, Best Buy, Kohl's and Costco no longer require masks for vaccinated customers. See the list. Walmart, Target, Costco, Trader Joe's, Publix and Sam's Club are dropping mask mandates for fully vaccinated shoppers. Others are looking at policies.      
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Ark Invest: Bitcoin Mining Net Positive to Environment, Concerns of BTC's Energy Consumption Are Misguided Following concerns raised by Tesla CEO Elon Musk about Bitcoin’s energy consumption, global asset manager Ark Investment Management explained that the concerns are “misguided.” Referring to its research using real-...
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Piano, a subscription, analytics, and content personalization platform for businesses, today announced it has raised $88 million.
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What to expect from the travel industry this summer as more Americans get vaccinated Brand new Avelo Airlines based out of Burbank, California, will offer flights as low as $19 and checked bags for only $10 to cities on the west coast.
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Macy's reported a surprise profit for its fiscal first quarter and raised its outlook for the full year.
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Data prep platform Explorium raises $75M

Venture Beat - 18 May 2021 15:00
Explorium, a platform for feature engineering and data prep, has raised $75 million in a venture funding round.
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Walmart sees sales boom as Americans spend stimulus checks, COVID pandemic eases Walmart blew past Wall Street projections in the first quarter with U.S. stimulus payments to Americans helping to boost sales.      
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Spanish Regulator Issues Guidelines for Fund Managers Planning to Invest in Cryptocurrencies The Spanish financial regulator is easing the entity’s tough stance towards cryptocurrencies by announcing an unprecedented measure that green lights institutional investors to enter into such business decisions. The N...
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World Economic Forum Cancels 2021 Meeting In Singapore Due To Pandemic The World Economic Forum cancelled its annual meeting, which was scheduled to take place in Singapore this August, due to uncertainties surrounding the continuing spread of the Covid-19 virus around the world.
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Amazon Eyes MGM For $10 Billion; What Other Media Deals Await? What MGM offers Amazon is a rich library of film franchises, with James Bond being the most durable, valuable and high profile of all.
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JPMorgan Puts CEO Contenders in Charge of Consumer Operation

Wall Street Journal - 18 May 2021 15:49
JPMorgan Chase is promoting two of the contenders vying to succeed CEO Jamie Dimon in charge of its sprawling consumer-banking operation, further cementing them as front-runners to one day run America's biggest bank.
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Major US stock indexes pare gains after data showed weaker-than-expect data for US housing starts in April.
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President Joe Biden is scheduled to visit a Ford Motor Co. plant in Michigan on Tuesday in a push for his electric-vehicle plan, as the White House and lawmakers continue to wrangle over an infrastructure deal.
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Bitcoin critic Peter Schiff and MicroStrategy's Michael Saylor faced off in a heated Twitter spat over their views on cryptocurrencies Schiff slammed Saylor's "asinine advice" to hold bitcoin as an inflationary hedge as the digital asset seems to have lost its momentum recently.
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Data and AI operations startup Coiled nabs $21M

Venture Beat - 18 May 2021 15:00
Coiled, which offers an AIOps and DevOps platform for enterprises, raised $21 million in venture equity funding.
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Doughnuts, beer, and a $1 million lottery: Here's how incentives are helping more Americans to get vaccinated Companies like Krispy Kreme are offering free doughnuts to the vaccinated, while states like Ohio are organizing cash prize lotteries.
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Trump Allies Promote Portfolios Targeting 'Unwoke Investors'

Wall Street Journal - 18 May 2021 15:00
A group of conservative money managers is seeking to woo investors disgruntled by increased involvement by some companies in political and social issues.
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Ethereum Consolidates, XRP Rallies, While MicroStrategy Buys More Bitcoin Bitcoin price climbed above the USD 45,500 resistance level. BTC is currently (12:00 PM UTC) showing positive signs and it might move above USD 46,000. If there is a clear break above USD 46,500, the bulls could take con...
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The UK is heading for a decade of Italy-style decline thanks to the 'long-lasting' hit from Brexit Britain's sluggish economy could resemble Italy's in the next decade if is unable to tackle big challenges including Brexit.
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Walmart Sales Rise at Slower Rate as Pandemic Wanes

Wall Street Journal - 18 May 2021 14:03
Walmart Sales Rise at Slower Rate as Pandemic Wanes The retail giant said comparable sales rose 6% in the spring quarter compared with the same period last year. U.S. e-commerce sales rose 37%, the slowest online growth since the coronavirus outbreak.
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Colorblindness Exam Gets a Kid-Friendly Makeover

Wall Street Journal - 18 May 2021 12:00
Colorblindness Exam Gets a Kid-Friendly Makeover The traditional colorblindness test wasn't designed for children. Groups in the U.S. and the U.K. are building more engaging, accessible alternatives.
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Fidelity's Pitch to America's Teens: No-Fee Brokerage Accounts

Wall Street Journal - 18 May 2021 06:01
There are some 27 million teens in the U.S., and several million households already have an account with the wealth manager.
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