Business News
Many retail jobs that disappeared during the pandemic might not return, says commerce secretary
Business Insider - 3 Jul 2021 13:08
Commerce Secretary Gina Raimondo on Thursday said many of the retail and service industry jobs that went away during the pandemic may not return.
Explaining Argentina's Brain Drain (And The Fallacy Of "Peronist" Joe Biden)
Forbes - 3 Jul 2021 15:30SoftBank-Backed Fortress Investment Strikes $8.7 Billion Deal to Buy Morrisons U.K. Grocery Chain
Wall Street Journal - 3 Jul 2021 14:36
The offer sets up a potential bidding war for the U.K.'s fourth-largest grocery-chain operator with rival U.S. buyout firm Clayton, Dubilier & Rice.
Shinsegae Acquires eBay Korea In $3 Billion Deal As E-Commerce Booms
Forbes - 3 Jul 2021 03:50Illinois restaurants get $1.4 billion in funding before federal program runs dry. 'We could not serve everybody,' SBA head says during Chicago visit.
Chicago Tribune - 3 Jul 2021 02:46Neiman Marcus weighs possible sale of Bergdorf Goodman
New York Post - 3 Jul 2021 01:12
Bergdorf Goodman is exploring a potential sale — and one possible outcome is that it moves to a surprising address nearby, The Post has learned. Neiman Marcus, which has owned the storied Fifth Avenue luxury mecca sinc...
Women and people of color are missing out on June's celebrated wage and job growth
Business Insider - 3 Jul 2021 15:15The US labor market is on pace to stage a complete recovery in 7 months
Business Insider - 3 Jul 2021 15:05Small finance banks offer up to 7.5% interest rate on recurring deposit
livemint.com - 3 Jul 2021 14:53
Most small finance banks offer a recurring deposit (RD) of a minimum of six months and a maximum of 10 years
18 Year Old Database Startup Raises $325M To Challenge Oracle
Forbes - 3 Jul 2021 14:30Bitcoin Still Commands the 9th Largest Market Capitalization in the World
Bitcoin.com - 3 Jul 2021 14:20
Despite the drop in value during the last three months, the leading crypto asset bitcoin is still the ninth most valuable asset in the world in terms of market capitalization. Moreover, bitcoin could flip some of the wor...
Redditors are pledging to avoid Robinhood's IPO, even as the company goes out of its way to lure day-trader interest
Business Insider - 3 Jul 2021 14:15Jeff Bezos says work-life balance is a 'debilitating phrase.' He wants Amazon workers to view their career and lives as a 'circle.'
Business Insider - 3 Jul 2021 13:14Ransomware Group in Meat-Supply Attack Threatens New Targets
Wall Street Journal - 3 Jul 2021 06:43Top IBM executive quits, shares suffer biggest fall in 5 months
livemint.com - 3 Jul 2021 06:01Binance Deploys Crypto Monitoring 'Traveler' System to Comply With FATF Travel Rule
Bitcoin.com - 3 Jul 2021 05:30
Binance announced yesterday it deployed Ciphertrace’s Traveler system as part of its compliance efforts. Traveler is the first system designed for exchanges to comply with the Travel Rule proposed by the Financial Acti...
Bitcoin Blocks Will Soon Be 27% Easier to Find -- Miners Brace for the Largest Difficulty Drop in BTC's Lifetime
Bitcoin.com - 3 Jul 2021 04:00
Bitcoin, the leading crypto asset in terms of market capitalization, has seen the cryptocurrency’s network hashrate drop considerably during the last two weeks. On Saturday, July 3, the network’s mining difficulty wi...
SEC, Justice Department Charge Hedge-Fund Trader
Wall Street Journal - 3 Jul 2021 03:34
A trader at an asset-management firm based in Canada was charged in an alleged scheme that involved using information about customer orders for personal trades.
South Korean Crypto Exchange Execs Arrested Amid USD 2B Fraud Fears
Crypto News - 3 Jul 2021 02:00
Police in South Korea said they fear that the crypto exchange V Global could be at the center of a fraud network that has sucked in some USD 2bn, as investigations into the platform intensify and police officers raided t...
Gold Coast penthouse sells for $11.25 million in Chicago's highest-priced condo sale so far this year
Chicago Tribune - 3 Jul 2021 01:33
An 8,800-square-foot penthouse condominium unit on the top floor of the 26-story building at 840 N. Lake Shore Drive on Chicago's Gold Coast sold Friday for $11.25 million.
Bank of Russia to Study Risks of Crypto Investing With Banks and Payment Providers
Bitcoin.com - 3 Jul 2021 01:00
The Central Bank of Russia (CBR) has set out to examine the risks associated with cryptocurrency investments. The regulator is going to conduct a dedicated study with the participation of major banks and payment processo...
Morgan Stanley, Walgreens, General Mills: Stocks That Defined the Week
Wall Street Journal - 3 Jul 2021 00:55
Here are major companies whose stocks moved on the week's news.