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Business News

Location American Business News for 28 May 2021
Meet one of the last salt makers keeping a 2,000-year-old tradition alive Indigenous people in Zapotitlán have been harvesting salt by hand for centuries, but today, half of the salt pools are abandoned.
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Hotels, malls, and offices are all facing down serious problems. These disasters for commercial real estate are trouble for the whole US economy.
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How to Tell if a Company's Claim of Ethical Practices Is True

The New York Times - 28 May 2021 15:00
How to Tell if a Company's Claim of Ethical Practices Is True A lawsuit against an egg company that says its products "value animals" raises the question: What criteria can investors and consumers use?
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Women entrepreneurs could add more than $260 billion to Southeast Asia's e-commerce market by 2030, according to a new report from the IFC.
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Danish Central Banker Tempted to Ignore Cryptocurrency -- Sees Real Threat in 'Big Tech Invading Currency Area' Denmark’s central bank governor Lars Rohde says that he can be tempted to ignore cryptocurrency, stating that it is not a threat to the central bank at present. However, he pointed out that the real threat could come f...
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WarnerMedia CEO Jason Kilar is sticking around -- for now WarnerMedia CEO Jason Kilar -- whose future has been in doubt since AT&T's $43 billion deal to spin off its entertainment unit -- will remain at the helm of the company until mid-2022, it emerged on Thursday.
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Yard House founder Steele Platt seeks $10 million for La Quinta mansion Steele Platt, the restaurateur who founded the sports bar chain Yard House, is seeking $10 million for his desert digs in La Quinta's Madison Club.
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Markets eerily silent amid surprise report on capital-gains tax hikes Wall Street's remained calm despite the new taxes, but should any top Democrat back the Biden administration's move, there could be trouble.
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The Safe, High-Return Trade Hiding in Plain Sight

Wall Street Journal - 28 May 2021 17:00
One retirement consultant calls I bonds 'the best-kept secret in America.' Right now they're yielding over 3.5%, nearly risk free.
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Shares of AMC Entertainment are on a five-day hot streak, rising more than 140%, as retail traders pour into the stock.
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Inflation Jumped 3.6% in April, the Fastest Pace in 13 Years

The New York Times - 28 May 2021 14:49
Inflation Jumped 3.6% in April, the Fastest Pace in 13 Years The Federal Reserve's preferred price gauge is rising briskly at time when inflation dominates political and economic discussions.
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Popular US inflation gauge climbs at fastest rate since 2008 in April The Personal Consumption Expenditures index - among the country's most popular inflation measures - rose 0.6% in April as reopening lifted demand.
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Walmart Inc. disclosed that the Walton family's s trust sold nearly $375 million worth of the retail giant's stock last week. That follows sales by the trust of more than $375 million worth of stock the week before
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What is AirPlay? How to use Apple's media-sharing feature

Business Insider - 28 May 2021 13:55
What is AirPlay? How to use Apple's media-sharing feature Apple's AirPlay feature allows users to share videos, images, music, and other forms of media from an Apple device to another compatible device.
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Personal Systems' net revenue led the way yet again. They jumped 27% to $10.6 billion as consumers in particular devoured notebooks (up 63% year-over-year). Consumer net revenue increased 72%. Printing net revenue, meanw...
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Until now, Tesla used steering wheel sensors to detect whether drivers were holding on while using Autopilot. Now, it's using cameras.
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The aid will be extended in priority to the countries most affected by the COVID-19 pandemic, such as Italy and Spain.
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Shanghai Man: Miners banned, exchanges targeted? Here's what's really happening A look at the last week of crackdowns, including a ruling from Vice Premier Liu He. Hong Kong echoes Beijing with stricter controls of their own, limiting retail investors in the administrative region.
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Three personal computer makers reported strong results on Thursday, as consumers continued to buy new systems for home, even as the world starts to open up again from the pandemic. But there are some signs that the big b...
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Nike Inc. and soccer superstar Neymar split ways last year after the company started investigating an allegation by a Nike employee that the Brazilian athlete had sexually assaulted her, according to people familiar with...
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Hope for South Korean Crypto Exchanges as Bank Keen on Contract Renewal There may be a glimmer of hope at last for the South Korean crypto exchanges fearing for their future, with the neobank K-Bank reportedly set to renew its contract with the market-leading trading platform Upbit - just da...
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Feds investigate alleged plot by some Ukrainian officials to help Donald Trump win in 2020, NYT reports Prosecutors are investigating whether officials in Ukraine sought to use Rudy Giuliani to spread disinformation ahead of the 2020 election.
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