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Business News

Location American Business News for 2 June 2021
AMC stock surges as hedge fund buys -- then sells -- $230M stake Suspense, mystery, intrigue -- the latest AMC drama has a plot twist not even the movie theater company saw coming.
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Trader Confesses Cryptocurrency Addiction Led to Criminal Charges, Hospital Treatment A British man has shared his story of how his cryptocurrency addiction has led to criminal charges and landed him in a hospital for addiction treatment. He lost more than a million dollars of other people’s money tryin...
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Conversational AI startup Cognigy nabs $44M

Venture Beat - 2 Jun 2021 02:39
Cognigy, a platform for designing conversational, AI-powered experiences, raised $44 million in fresh capital.
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Dogecoin gets back to pre-crash prices as $16M in DOGE shorts get liquidated The Dogecoin bull run is not over thanks to its Coinbase listing and simultaneous DOGE price rally.
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The acquisition is the latest to underscore the skyrocketing popularity of secondhand fashion platforms amid the pandemic.
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Standard Chartered plans European crypto exchange after HSBC says 'no' to industry A new joint venture with the owner of the first licensed Hong Kong exchange will focus on institutional clients in the U.K. and Europe.
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How GNC Tackled a Double Whammy: COVID-19 and its New Website's Shakedown The pandemic put pressure on every retailer's website, but GNC faced a unique obstacle: the company had rolled out a revamped ecommerce site in January 2020, just in time for social distancing and lockdowns to cause a ma...
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Dogecoin surges 40% on back of Coinbase Pro listing, Musk tweets The meme coin's renewed surge comes shortly after a listing on Coinbase and renewed meme posting by Elon Musk on Twitter.
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Bed Bath & Beyond launches thousands of new products to entice splurging homebodies as its continues a massive pivot to private brands Bed Bath & Beyond is in the middle of a multi-part rollout of new private brands within its stores.
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Elon Musk Triggers A Surge In 'Baby Shark' Investor's Shares After Tweeting About Viral Song The catchy--or irritating--song is YouTube's most watched video.
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JBS to reopen most operations after cyberattack shut all its US beef plants JBS Foods, the world's largest meat supplier, said it has made "significant progress in resolving the cyberattack" that shutdown all of its US beef plants on Tuesday.
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Travelers Stock Is Fairly Priced

Forbes - 2 Jun 2021 13:30
Travelers Stock Is Fairly Priced Travelers stock (NYSE: TRV), the property and casualty (P&C) insurance giant, gained roughly 14% - increasing from about $140 at the beginning of 2021 to around $160 currently, inching ahead of the S&P500, which grew 12%...
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Small Businesses Can Now Invest in Crypto Using the Banq App Disclaimer: The text below is a press release that was not written by Cryptonews.com. Today, Las Vegas-based payment app banq, launched the ability to invest in Bitcoin and Ethereum from multiple accounts under one platf...
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IT asset management company Lansweeper nabs $158M

Venture Beat - 2 Jun 2021 13:13
IT asset management platform Lansweeper has raised €130 million ($158 million) from venture capital and private equity firm Insight Partners.
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High prices and low supply are finally taking some of the heat out of the housing market, and mortgage demand is following suit.
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At $78, Comerica's Stock Is Quite Expensive After a 180% rally since the March 23 lows of the last year, at the current price of $78 per share, we believe Comerica Incorporated Stock is expensive. Comerica, the largest U.S. commercial bank, has seen its stock rall...
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Crossroads: Where Security And Privacy Regulations Meet Cyber Insurance The rapid rise in cyber incidents -- particularly during the pandemic -- has put significant pressure on insurers to update how they are underwriting cyber risk.
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Etsy Snaps Up British Fashion App Depop For $1.6 Billion The British startup that has become one of Generation Z's favorite places to buy and sell second hand clothes has been acquired by Etsy in an all cash deal.
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The luxury sedan is all-new for 2021 with a potent new engine and a full suite of active safety and driver-assistance systems that come standard.
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Amazon says it's 'actively supporting' federal marijuana legalization Amazon will also no longer include marijuana in drug tests for positions not regulated by the Department of Transportation.
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Musk and Tesla have a long history of ignoring attempts by regulators to rein in behavior by the automaker.
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JBS USA, world's largest meat supplier, shuts down 9 beef plants after cyberattack; 'vast majority' of plants to open Wednesday JBS USA, the world's largest meat supplier, has reportedly shut down all of its nine U.S. beef processing plants in the wake of a cyberattack.      
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