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Business News

Location American Business News for 15 June 2021
Bitcoin Remittances to El Salvador Surge 300% Ahead of BTC Becoming Legal Tender Bitcoin remittances to El Salvador jumped more than fourfold in May from the previous year, according to data from blockchain analytics firm Chainalysis. Last week, El Salvador passed a bill making bitcoin legal tender i...
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Goldman Sachs Expands Cryptocurrency Trading Desk With Ether Futures and Options Investment bank Goldman Sachs has reportedly unveiled its plans to expand its cryptocurrency desk to offer ether futures and options trading. The bank says “institutional adoption will continue,” noting that “Despi...
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Are The Apes Now Running Wall Street?

Forbes - 15 Jun 2021 14:58
Are The Apes Now Running Wall Street? Participating in equity markets has always entailed some risk, but historically, if one performed careful research, paying attention to fundamentals, a rational investment strategy could be devised. Not so with meme stoc...
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G7 Leaders Have Pivoted From 'Crisis Response' To 'Future Growth' We learned that the G7 leaders are all-in on the climate and equality movement.
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California offers $100 million to rescue its struggling legal marijuana industry Los Angeles will be the biggest beneficiary of the money, which was proposed by Gov. Gavin Newsom to help cannabis businesses acquire permanent licenses.
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Here Are The Top Whiskies Of 2021 According To The International Whisky Competition The International whisky Competition officially put out the results of this year's competition. This year, the competition took place in Estes park, Colorado, where a professional tasting panel made of whisky, beer, and ...
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Fed Time: Market Mulling Key Retail Sales, Producer Prices As Central Bank Meeting Begins Producer prices came in higher than expected and retail sales came in lower. This could stir the pot a bit as the Fed meeting begins, because this combination would suggest that the Fed is right about inflation potential...
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Retail sales fell 1.3 percent in May, a sign of a bumpy economic recovery. As more of the country is vaccinated, Americans are venturing out and spending more on lodging and entertainment, but less on goods.
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Harvey Fierstein Donates $2.5 Million for Public Library Theater Lab The gift from the writer and performer will help create an educational hub at the New York Public Library for the Performing Arts at Lincoln Center.
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Lordstown's Struggles Raise New Fears About SPACs

The New York Times - 15 Jun 2021 14:40
Lordstown's Struggles Raise New Fears About SPACs Could regulators have stopped the electric car start-up's implosion?
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U.S. Producer Prices Rose Strongly in May

Wall Street Journal - 15 Jun 2021 14:38
U.S. Producer Prices Rose Strongly in May The Labor Department said its producer-price index rose 0.8% in May from the prior month, adding to inflation pressures bubbling through the U.S. economy.
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Recess, a CBD Beverage, Created a 'Guide to Re-entering Society' There's no instruction manual to follow for the country's reopening after more than a year of Covid-19 lockdowns. But thanks to Recess, a sparkling CBD drink, there is a cheeky zine to help people navigate the post-pande...
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Latin American Countries Eye Bitcoin Adoption After El Salvador Passed Bitcoin Law A number of lawmakers in Latin American countries have expressed their interest in bitcoin following El Salvador passing the law making the cryptocurrency legal tender. The countries include Paraguay, Argentina, Panama, ...
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Advertising Legend Marvin Sloves Dies at 88

AdWeek - 15 Jun 2021 17:22
Advertising Legend Marvin Sloves Dies at 88 From cars and hot dogs to chicken and cassette tapes, it's fair to say most Americans have been exposed to Marvin Sloves' advertising genius at one point or another. His agency crafted car company Volvo's famous safety m...
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Edge computing network Macrometa nabs $20M

Venture Beat - 15 Jun 2021 16:00
Macrometa, an edge computing startup providing a global network for apps and APIs, has raised $20 million in capital.
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Beef, energy costs soar; record rise in wholesale prices over the past year The big jump in wholesale prices following a sizable gain in consumer prices underscores the current upward movement in inflation, analysts said.
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Are You a Current or Former Amazon Employee?

The New York Times - 15 Jun 2021 15:37
Are You a Current or Former Amazon Employee? We're interested in learning as much as possible about how Amazon manages its work force.
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Slow Recovery in Long-Haul Travel Weighs Heavily on Global Carriers Emirates Group posted a $6 billion annual loss and Lufthansa said it was cutting another 10,000 jobs, as two of the world's biggest international airlines braced for a slow resumption of long-haul travel.
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Airbus-Boeing trade dispute resolved after 17 years, US and EU say The United States and the European Union reached a deal Tuesday to end a damaging dispute over subsidies to rival plane makers Boeing and Airbus and phase out billions of dollars in punitive tariffs, the U.S. trade envoy...
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Save the Date for Alium Art Marketplace Launch in June 2021 Disclaimer: The text below is a press release that was not written by Cryptonews.com. Given that the NFT market is rapidly growing, the need for a trustworthy and efficient marketplace became apparent. Despite multiple p...
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More Than A Quarter Of All Americans Know 'Nothing' About Juneteenth, Survey Finds While 74% of Democrats support making Juneteenth a part of public school curriculums, only 17% of Republicans agree.
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Companies have dangled cash, time off and other prizes to encourage vaccinations. Executives made personal appeals in town-hall meetings and internal memos. Now, some of those efforts are taking a more assertive and urge...
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