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Business News

Location American Business News for 3 July 2021
Commerce Secretary Gina Raimondo on Thursday said many of the retail and service industry jobs that went away during the pandemic may not return.
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Explaining Argentina's Brain Drain (And The Fallacy Of In the Heritage Foundation's 2021 Economic Freedom Index, Argentina ranks in 148th position out of 178 countries measured. Back 26 years ago when the conservative think-tank began crunching the numbers, Argentina ranked ...
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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.
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Shinsegae Acquires eBay Korea In $3 Billion Deal As E-Commerce Booms The South Korean retail giant, led by a daughter of Samsung's founder, has acquired eBay's Korean business in a move to win market share in the country's increasingly competitive e-commerce market.
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Illinois restaurants get $1.4 billion in funding before federal program runs dry. 'We could not serve everybody,' SBA head says during Chicago visit. SBA head Isabel Guzman met with Chicago small business owners Friday after the $29 billion restaurant pandemic relief fund ran out of money.
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Neiman Marcus weighs possible sale of Bergdorf Goodman 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...
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Women and people of color are missing out on June's celebrated wage and job growth June's jobs report brought some good news, but America's marginalized groups still continue to be left in the dust.
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The US labor market is on pace to stage a complete recovery in 7 months Hiring sharply accelerated, the June jobs report shows. Insider calculates payrolls will regain their previous high by February 2022 at this pace.
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Small finance banks offer up to 7.5% interest rate on recurring deposit Most small finance banks offer a recurring deposit (RD) of a minimum of six months and a maximum of 10 years
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18 Year Old Database Startup Raises $325M To Challenge Oracle After 18 years, database supplier Neo4j is valued at over $2 billion. Can it convince enough customers to switch from Oracle and peers and go public?
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Bitcoin Still Commands the 9th Largest Market Capitalization in the World 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...
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Redditors are pledging to avoid Robinhood's IPO, even as the company goes out of its way to lure day-trader interest "Just forget Robinhood altogether. Let them go down in lawsuits and loss of customer base," one Redditor said.
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Jeff Bezos says work-life balance is a 'debilitating phrase.' He wants Amazon workers to view their career and lives as a 'circle.' Bezos' work-life balance will get a bit of a shift when he steps down on July 5. A few days later, he'll head to space.
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Ransomware Group in Meat-Supply Attack Threatens New Targets

Wall Street Journal - 3 Jul 2021 06:43
Ransomware Group in Meat-Supply Attack Threatens New Targets The ransomware group that collected $11 million from meat producer JBS about a month ago has begun a widespread attack that could affect hundreds of organizations world-wide, according to cybersecurity experts.
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Top IBM executive quits, shares suffer biggest fall in 5 months The departure marks one of the first major corporate reshuffles under Chief Executive Officer Arvind Krishna, who took the helm last year and has moved quickly to reshape IBM and return it to growth
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Binance Deploys Crypto Monitoring 'Traveler' System to Comply With FATF Travel Rule 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...
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Bitcoin Blocks Will Soon Be 27% Easier to Find -- Miners Brace for the Largest Difficulty Drop in BTC's Lifetime 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...
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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.
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South Korean Crypto Exchange Execs Arrested Amid USD 2B Fraud Fears 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...
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Gold Coast penthouse sells for $11.25 million in Chicago's highest-priced condo sale so far this year 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.
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Bank of Russia to Study Risks of Crypto Investing With Banks and Payment Providers 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...
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Here are major companies whose stocks moved on the week's news.
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