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Business News

Location American Business News for 30 June 2021
According to AARP, 78% of older workers saw or experienced age discrimination in 2020. Proving age discrimination in court, however, is difficult.
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Warren Buffett and Charlie Munger knocked Robinhood, discussed the Archegos fiasco, and reflected on their friendship in a new interview. Here are the highlights The billionaire investors also reflected on how they built Berkshire Hathaway and what they learned from the pandemic.
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Clickbait giant Outbrain files for I.P.O.

The New York Times - 30 Jun 2021 02:24
Clickbait giant Outbrain files for I.P.O. The company said it had $767 million in revenue last year.
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Paul Gosar Has History With Racist Influencer Nick Fuentes In a clip from his web show uploaded online Monday, the racist and anti-Semitic media personality Nicholas Fuentes said that if "Finnish fishermen" replaced Black Americans in Chicago's south side, "it would probably loo...
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The D2C wave that is sweeping India

livemint.com - 30 Jun 2021 19:08
The D2C wave that is sweeping India Drawn to quality and customization, affluent Indian consumers are falling in love with direct-to-consumer brands.India has a growing young and upwardly mobile population which seeks niche, high-quality and customized pro...
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The Chicago Business Barometer, also known as the Chicago PMI, fell to 66.1 in June from 75.2 in May, which was the strongest reading in 47 years
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Manhattan prosecutors will charge the Trump Organization and its CFO with tax-related crimes on Thursday, report says The charges will be the first prosecutors bring amid a years-long investigation into whether Trump's company broke the law.
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PayPal Holdings Inc. plans a challenge to Square Inc. as it launches a physical card reader in the U.S.
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U.S. stock indexes on Wednesday are trading mixed, with the Dow edging higher, but the major benchmarks mostly holding near records, in the final session of the month and first half of the year as investors were weighing...
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Expect retail traders to pile into these 3 types of stocks as meme-driven appetite slows, Vanda Research says "If purchases of meme stocks continue to decline, retail investors will rotate into other speculative stocks, as they did in January and February."
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How Andy Jassy got his start as Jeff Bezos' 'shadow' before building AWS into a $40 billion business and getting tapped as the next CEO of Amazon Known for his obsession with the customer experience and his high standards, Jassy appears to be the natural choice to take over for Jeff Bezos.
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Detroit's Second-Quarter Sales Were Terrible, but Does It Matter? The headlines could get ugly in the coming days for Detroit car makers. Quarterly sales aren't the warning flag they used to be, but investors might benefit from a more cautious stance anyway.
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US private payrolls leap by 692,000 in June as hiring exceeds expectations Economists expected a gain of 600,000 payrolls. The June reading is the sixth straight month to show job growth, albeit a slowdown from May gains.
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Inequality and hate crimes against Asian Americans could wipe out $700 billion from the US economy More than a third of the hate crimes against Asian Americans in the last year happened to business owners, and it's devastating for the staff and profits.
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The US spends at least $225 billion on mental illness each year in a broken system with no clear-cut solutions Inequity in mental health costs goes beyond loss of productivity in the workplace, contributing to homelessness, poverty, and unemployment.
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Women and tenants of color grapple with higher rates of eviction. Access to a lawyer can boost success rates in housing court by 70%. Much of today's housing inequities stem a historical exclusion from property ownership in America - but access to lawyers can bridge those gaps.
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Payday lenders target communities of color. But fintechs offering small-dollar loans and flexible wages may help break the debt trap. Fintechs offering small-dollar loans and early access to wages could help break minority communities out of the debt traps designed by payday lenders.
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Banks earn billions of dollars charging overdrafts fees, and the burden falls on those least able to afford it Most banking fees fall to those who have the least ability to pay them, and it represents a significant source of income for the largest US banks.
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Men fill more than 9 in 10 biopharma CEO positions, an inequity that costs women more than $500 million in pay each year Despite more attention being paid to diversity efforts, 92% of top biopharma CEOs are men, an Insider analysis found.
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Women make up a dismal percentage of all American CEOs. That's a huge financial problem - but there's a way to fix it. The CEOs of Walmart International, Ancestry, and AT&T Business share the obstacles women face when climbing the corporate ladder.
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With Black people making up one-third of the prison population in the US, the high costs of phone and video calls furthers the racial wealth gap.
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The impact of COVID-19 on international tourism could cost the global economy more than $4 trillion for 2020 and 2021, according to a UN report published on Wednesday.
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