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Business News

Location American Business News for 1 June 2021

Why Li Auto Stock Could Rally Further

Forbes - 1 Jun 2021 15:00
Why Li Auto Stock Could Rally Further Chinese electric vehicle maker Li Auto's (NASDAQ: LI) stock rallied by about 18% over the last two trading days, following the company's Q1 2021 earnings release. While the results were reasonably strong, they weren't ex...
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More Than 5 Million in Ethereum Worth $13 Billion Rests in the Eth2 Staking Contract Statistics now show the Eth2 deposit contract has more than 5.2 million staked ether worth over $13 billion locked into the smart contract. The contract launched on November 4, 2020, and three weeks later, the contract m...
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"With our increased liquidity, it is time for AMC to go on the offense again," CEO Adam Aron said about its fundraising deal with Mudrick Capital.
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Slack CEO Stewart Butterfield and Away's Jen Rubio just had their first child together. Here are 13 other power couples who rule the tech world. Many tech industry leaders are dating - or married to - prominent venture capitalists, models, athletes, and other powerful people.
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Dow climbs 280 points amid renewed pandemic-recovery optimism US stocks started June higher ahead of economic data that is expected to show a continued recovery from the pandemic.
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Game One estimated that the unicorns of the game industry number about 24 companies that are valued at $192.2 billion.
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The Southwest Is America's New Factory Hub. 'Cranes Everywhere.' Five states in the region accounted for 30% of U.S. job growth in manufacturing over three years, adding more than 100,000 jobs.
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BlackBerry jumps 10% as Reddit traders seek another short squeeze mere days after sending AMC soaring Commentary around BlackBerry on Reddit's Wall Street Bets called for a new short squeeze on the stock and a price target as high as $20.
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JPMorgan Chase A Top 25 Dividend Giant With $62.11B Held By ETFs JPMorgan Chase has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a staggering $62.11B worth of stock held by ETFs
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Here's how much money 25 types of scientists make

Business Insider - 1 Jun 2021 15:00
Here's how much money 25 types of scientists make The pay for science jobs vary. Using BLS data, we looked at the highest-paying jobs for scientists, including physicists and natural science managers.
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U.S. Bancorp Stock Is Trading Above Its Near-Term Potential Having gained more than 100% since the March 23 lows of last year, at the current price near $61 per share, we believe U.S. Bancorp's stock is trading above its near-term potential. The bank has seen its stock increase f...
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Doughnut maker Krispy Kreme unveils IPO filing, reports revenue pop The 83-year-old company, which is owned by European conglomerate JAB Holding, announced its plans to go public last month.
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Stocks, Oil and Bond Yields All Climb as Economic Data Improves But data also showed that manufacturers are struggling to meet rising demand, which could add to inflationary pressures.
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Cloudera to go private in $5.3B deal

Venture Beat - 1 Jun 2021 14:12
Enterprise data cloud company Cloudera is set to become a private company once again after receiving a $5.3 billion bid from KKR and CD&R.
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Chewy Stock Down 37% From Highs, Time To Buy? Chewy's stock, an online retailer of pet products in the U.S, plunged by almost 37% from its February 2021 high of $119 and remains down by about 15% year-to-date - trading at $75 per share currently. It is worth mention...
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What's Behind The Big Dip In Sports Ad Spending Overall ad spending on live sports was down 27% during first quarter 2021 compared to last year, according to Media Radar. Big factors: Viewership, scheduling changes, lack of live attendance.
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BNY Mellon Sets Up Crypto Unit in Ireland as Central Bank Says Bitcoin Is 'of Great Concern' U.S. banking corporation BNY Mellon is gearing up to offer crypto custody services out of Dublin where it has just established a digital hub. The news coincided with a stark warning issued by a top central bank official ...
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Elon Musk says Tesla prices are increasing because of supply chain disruptions across the auto industry Tesla earlier this month boosted prices on its Model 3 and Model Y, Electrek reported. It was the fifth price increase in a matter of months.
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KKR, CD&R Near Deal to Buy Cloudera

Wall Street Journal - 1 Jun 2021 03:21
The private-equity firms are close to a deal to buy Cloudera Inc. and take the software company private, according to people familiar with the matter.
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South Korean Presidential Candidate: Delay Crypto Tax Until 2023 Source: Adobe/Андрей Я анский As South Korea's general elections draw ever nearer, the nation's provincial governors appear to have grown bolder - and are looking to strengthen their political positions by t...
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Marathon's Bitcoin Mining Pool Will 'No Longer Filter Transactions' -- Marapool Begins Signaling for Taproot On Monday, the publicly-listed enterprise mining firm Marathon Digital Holdings announced the company has adopted the latest codebase offered by Bitcoin Core developers that features Taproot. Marathon is now signaling fo...
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Amazon workers injured on the job far more often than competitors Amazon warehouse workers and delivery drivers are injured far more often on the job than employees of competitors like Walmart and UPS, according to a new study. In 2020, 5.9 out of every 100 Amazon warehouse workers wer...
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