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Business News

Location American Business News for 19 May 2021
Airbnb is getting roasted by travelers complaining about extensive cleaning fees and rules Airbnb was trending on Twitter after customers posted screenshots of fees amounting to more than the nightly rate itself.
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There's Close to 300,000 Bitcoin-Pegged Tokens Hosted on ETH and BSC, Value Exceeds $12 Billion For quite some time now cryptocurrency traders have been leveraging bitcoin-based assets tethered to alternative blockchains. Mid-May statistics show there’s more than 299,000 bitcoin, worth over $12.8 billion today, t...
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Bank of America Survey: 'Long Bitcoin' Is Most Crowded Trade, 75% of Fund Managers See BTC as Bubble The most recent Bank of America Fund Manager Survey finds that the most crowded trade is “long bitcoin.” Nonetheless, 75% of fund managers say the cryptocurrency is in a bubble zone. Fund Managers Say Long Bitcoin Is...
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Crypto billionaire Mike Novogratz shrugged off the bitcoin slump, defended Elon Musk, and made 3 bold predictions this week The Galaxy Digital CEO dismissed the crypto sell-off as short-term volatility, and said he was taking Musk's bitcoin critique at face value.
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Where WarnerMedia-Discovery will find $3 billion in cuts

Business Insider - 19 May 2021 02:40
Where WarnerMedia-Discovery will find $3 billion in cuts Plus: TV ad prices spike, Anheuser-Busch's data play, and more.
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Conservative group slams Nike, Coke, and American Airlines over 'woke politics' The video ads will run nationally across cable TV and websites as well as in the local markets where the companies are headquartered.
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Oil futures slide Wednesday, under pressure following industry data that shows a rise in U.S. crude inventories. The drop also tracks with a slump in global equities.
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Bitcoin falls below $40,000 for first time since February as crypto market tanks The new figures indicate the digital coin has lost all of its gains since early February, around the time that Tesla announced it had bought $1.5 billion worth of bitcoin
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Sweet Expands NFT Marketplace to Shopify Ecosystem

Bitcoin.com - 19 May 2021 15:00
Sweet Expands NFT Marketplace to Shopify Ecosystem PRESS RELEASE. Sweet’s consumer-first enterprise NFT platform now allows brands to seamlessly offer NFTs through existing online store-fronts. New York, New York – Sweet, the leading enterprise NFT solutions provider...
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AI call center automation company Asapp raises $120M

Venture Beat - 19 May 2021 14:00
Asapp, a machine learning-driven call center automation company, has raised $120 million in equity venture capital.
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Business Seek to Help Female Caregivers Return to Workforce

The New York Times - 19 May 2021 13:34
Business Seek to Help Female Caregivers Return to Workforce The council, led by the advocacy organization Time's Up, includes heavyweight names like JPMorgan Chase, Spotify and McDonald's.
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Canadian Railroad Plays Russian Roulette

Wall Street Journal - 19 May 2021 13:33
Canadian National's risky bid for Kansas City Southern draws ire of large shareholder TCI--for good reason.
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Polygon to Democratize NFT Interactions by Improving Approachability To pave the way for greater adoption of non-fungible tokens and bring down the barriers hampering more widespread participation, Polygon is leveraging its parallel network’s proof-of-stake approach to reduce Ethernity ...
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Column: The evidence is clear -- COVID lockdowns saved lives without harming economies With the pandemic ebbing across the US, the debate over lockdowns continues -- but the evidence shows they worked.
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Nearly a quarter of unique Bitcoin wallets at a loss amid $15K price dump Bitcoin's $15,000 price pullback over the last few days has caused the percentage of wallets underwater to exceed 23%.
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BlockFi mistakenly credits users with too much Bitcoin in promo payout Just under 100 BlockFi users are reported to be affected, with some allegedly receiving as many as 700 Bitcoin due to a mishandled promotional offer.
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Amtrak resuming most service from Chicago's Union Station

Chicago Tribune - 19 May 2021 22:49
Amtrak resuming most service from Chicago's Union Station Amtrak's Illinois train service to Milwaukee and several other cities will return to full schedules in the coming weeks, after more than a year of reduced service because of the COVID-19 pandemic.
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10 Best Dividend ETFs to Buy Now in 2021

Money Crashers - 19 May 2021 21:13
10 Best Dividend ETFs to Buy Now in 2021 Dividend-focused exchange-traded funds (ETFs) let you employ the dividend investing strategy without requiring significant research and rebalancing. If you choose this approach, finding dividend ETFs that meet your inves...
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Ford is livestreaming its highly anticipated F-150 Lightning electric pickup reveal tonight. Here's how to watch. We'll get our first true glimpse of the electric truck on Wednesday at 9:30 p.m. EST. Watch the livestream here.
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US theatres premiere 'Army of the Dead'; Indian cinemas shun 'Radhe' The Netflix film 'Army of the Dead', directed by Zack Synder, made $780,000 over its opening weekend even as multiplex chains in India remained clear they would not play Salman Khan's 'Radhe' that was released on Zee's p...
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Ex-TikTok CEO seen as contender for Discovery-WarnerMedia streaming As the ink begins to dry on the mega merger between AT&T’s WarnerMedia and Discovery, two big questions have surfaced: 1) Who will run their new powerhouse streaming service, and 2) How much will it cost to get rid of ...
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Bank of America to boost minimum wage to $25 an hour for its employees by 2025 Bank of America will give its employees another pay bump by 2025, moving the minimum wage to $25 an hour after a raise last year.      
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