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Business News

Location American Business News for 10 June 2021
South African Court Submissions Expose Lies and Deceptive Tactics Used to Perpetuate MTI Bitcoin Ponzi Scheme New submissions by a South African regulator, the Financial Sector Conduct Authority (FSCA) and liquidators have exposed the web of lies and deceptive tactics that were used by Mirror Trading International (MTI) CEO Joha...
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Home prices have been soaring, so homeowners have been getting richer, at least on paper. The equity numbers are staggering.
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The Bel-Air mansion's makeover was nearly a total teardown, its owner said. Only one wall from the old house is still standing.
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Initial jobless claims fell 9,000 to 376,000 in the week ended June 5, the Labor Department said Thursday.
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DOGE vs BTC: Elon Musk declares crypto 'space race' with BitMEX has begun Can BitMEX and Bitcoin beat Elon Musk and Dogecoin to launch the first crypto asset into lunar orbit?
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Warren Buffett's Berkshire Hathaway Invests in Bitcoin-Friendly Digital Bank Berkshire Hathaway, the company led by CEO Warren Buffett, has invested $500 million in a pro-bitcoin digital bank. Nubank says it will offer bitcoin investment following its acquisition of brokerage firm Easynvest which...
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The big meme stocks all took a hit in after-hours trading Wednesday as GameStop discloses SEC probe and willingness to fully cooperate with the regulator's inquiry.
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$160 Billion Asset Manager Entering Crypto Market in Collaboration With Nasdaq An asset management firm with nearly $160 billion in assets under management, Victory Capital, has announced that it is entering the cryptocurrency market. The firm has established exclusive agreements with Nasdaq and as...
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To Meet 2030 Decarbonization Targets, European Trucking Needs More Public-Private Cooperation When Europe wanted to cut carbon dioxide emissions to meet the goals of the Paris Agreement on climate, one of its first targets was the transportation industry -- and specifically trucking. Now the industry must figure ...
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U.S. Loses, Russia And China Win With Keystone XL Closure The Canadian effort to sway President Biden to license for the Keystone XL pipeline has failed, leaving TransCanada (TC) Energy to formally scrap the contentious $9 billion project. This represents an enormous win for ge...
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Real Estate Startup Flyhomes Valued At $800 Million After New Funding Round With $150 million in Series C funding, Flyhomes lets buyers make cash offers on houses while they work to secure a mortgage.
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Unemployment claims fall for 6th straight week as US reopening continues Jobless claims last week fell by 9,000 to 376,000, the Labor Department reported Thursday. The number of people signing up for benefits exceeded 900,000 in early January and has fallen more or less steadily ever since.
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7 early-career jobs recommended for people interested in becoming entrepreneurs Getting a job in finance doesn't mean you're stuck in finance - you can take the applicable knowledge and work ethic and apply it to your own venture.
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5 takeaways for businesses on how the pandemic shifted consumer behavior Consumers are always willing to spend money. Retailers need to keep up with a strong social media presence and a willingness to meet changing demands.
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Ad Revenue Will Grow 22% in 2021, GroupM Projects A year ago, the industry was seeing the results of several months of lockdown, and it was looking at a 10% drop in spending for 2020, ending nearly a decade of growth. Compared to last year, and even six months ago, the ...
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Data flow automation engine Prefect raises $32M

Venture Beat - 10 Jun 2021 14:55
Prefect, a company developing a data flow automation engine, has raised $32 million in venture capital funding.
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U.S. Consumer Prices Rose Strongly Again in May

Wall Street Journal - 10 Jun 2021 14:54
U.S. Consumer Prices Rose Strongly Again in May The consumer-price index surged 5% from a year ago, the highest annual inflation rate in nearly 13 years.
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Why Oil Companies Have Never Faced A Bigger Challenge Than Today How can upstream plan and build for a profitable future with oil and gas demand so uncertain? I asked Fraser McKay, Head of Upstream Analysis, and Angus Rodger, Director Upstream Research, who led our analysis in May's H...
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Goldman Sachs Requires All Employees to Report Vaccination Status Employees of the Wall Street bank will be asked to record the date they received their shots and the maker of the vaccine.
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US weekly jobless claims slide to new pandemic-era low of 376,000 Continuing claims, which count Americans receiving unemployment benefits, sank to 3.5 million for the week that ended May 29.
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Jobless Claims Fall to Another Pandemic Low

Wall Street Journal - 10 Jun 2021 14:39
Jobless Claims Fall to Another Pandemic Low New filings declined to 376,000 last week, with employers becoming less likely to lay off workers as the U.S. economy rebounds.
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Next-Generation GPS Firm NextNav Nears SPAC Deal to Go Public

Wall Street Journal - 10 Jun 2021 06:01
Next-Generation GPS Firm NextNav Nears SPAC Deal to Go Public The company is close to a deal that would take the next-generation GPS firm public and value it at about $1.2 billion.
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