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Business News

Location American Business News for 5 July 2021
Taliban Threatens Consequences For U.S. Troops Remaining In Afghanistan After 9/11 Deadline Amid Surge In Violence Up to 1,000 American troops are reported to be staying in Kabul to secure the embassy, airport and other key installations.
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Container Ship Prices Skyrocket as Rush to Move Goods Picks Up Prices to ship containers from Asia to the U.S. and Europe are rising at a historic pace as cargo owners bid up rates in a search for ocean transportation capacity that shipping industry executives expect to remain tight...
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After Freeze, Insurance Comes Up Short for Many Texans

Wall Street Journal - 5 Jul 2021 11:30
After Freeze, Insurance Comes Up Short for Many Texans Some homeowners in Texas have discovered that their insurance policies limit payouts on plumbing-related water damage, often at $5,000 to $10,000--well below what they need after February's extreme weather.
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European Business Leaders Want a Stronger Hand With China, Not Decoupling A powerful business lobby group called on European Union politicians to push back harder against China's state capitalism but not to lock out Chinese businesses, as advocated by some leaders who are following the U.S.'s ...
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Feds Sell Seized Bitcoin From 2018 for $19 Million The U.S. has sold about 500 bitcoins seized back in 2018 for about $19.2 million. This was reportedly the largest net forfeiture in the Northern District of Ohio’s history. Federal authorities in the U.S. state of Ohio...
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China Launches Review Into U.S.-Listed Chinese Tech Companies

Wall Street Journal - 5 Jul 2021 04:16
China Launches Review Into U.S.-Listed Chinese Tech Companies The action follows a similar move against ride-hailing app Didi Global.
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US SEC Commissioner Says Bitcoin ETF Approval Long Overdue SEC Commissioner Hester Peirce says that the regulator should have approved a bitcoin exchange-traded fund (ETF) in the U.S. a long time ago. She emphasized that it is not the SEC’s job to approve or reject application...
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US stocks have further to run after 7 straight days of record highs as readings of investor euphoria remain in check The BofA Bull/Bear indicator has continued to fall in recent weeks to a reading of 6.4 from a cycle-high of 7.7 in February.
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Japan's plans for a digital yen could start to take shape next year, according to a top lawmaker, report says The head of Japan's ruling party's digital currency initiative said this could provide clarity on its impact on the existing financial system.
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Users are putting forward "stakes" of ether to gain the right to validate transactions on the ethereum 2.0 network and earn more coins.
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United says that '100%' of customers will be able to bring carry-on bags as part of its massive fleet upgrades United just unveiled the new interiors that most of its narrow-body planes and one key feature is that there will be enough room for all carry-ons.
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Analysts say that if the deadlock is not resolved, oil prices could either skyrocket if supply is throttled, or bottom out if OPEC+ breaks apart.
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Airbnb blocked 5,000 bookings in Phoenix and 4,500 in both Las Vegas and Seattle, it said. It wants to stop young people gathering in large groups.
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Job seekers are in high demand right now. Candidates can use this advantage when interviewing with potential employers.
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China's Cybersecurity Regulator Targets More U.S.-Listed Tech Companies After Didi Investigation China's cybersecurity officials have launched investigations into three more apps operated by U.S.-listed companies, just one day after they ordered the country's smartphone app stores to remove Didi Chuxing over the mis...
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Domestic road logistics sector to grow 6-9% in FY22: Icra With the demand recovery sustaining post the festive season as well over Q4, the logistics sector pared some of the losses of the first half and closed the fiscal with a revenue growth of 4% for FY2021 against 4% contrac...
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Lionsgate Play announces line-up for July

livemint.com - 5 Jul 2021 07:34
Lionsgate Play announces line-up for July The titles include Home Economics, an American television series created by Michael Colton, Wrath of Man directed by Guy Ritchie, an action thriller, Love Island Season 7, a reality dating show and The Next Three Days st...
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Hobby Lobby advocates for a Christian-run government in Independence Day ads placed in many national newspapers The ad, under the title "One Nation Under God," included the biblical verse: "Blessed is the Nation whose God is the lord."
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More Ways For SVOD Provider Netflix To Make Money Post Covid Netflix Might Have To Consider Ads, Sports To Grow: Analyst By Jon Lafayette 5 days ago Michael Nathanson sees SVOD business slowing down, AVOD heating up
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Twice's Latest Album Made Sales History In America TWICE's new EP was a sales giant in the U.S. when it arrived, and it was an important and historic release among South Korean acts.
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Vizio Takes A Big Bite Of The Apple Experience Without The Apple Tax Apple makes tightly integrated but expensive tech. For those looking to get most of Apple tech's benefits, minus the costs, Vizio has a combination of TV, sound bar and streaming platform that's a cost-effective winner.
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All Money Is 'Fiat Money,' Most Money Is 'Credit Money' There seems to be some confusion afoot about what 'fiat monies' are, whether the US dollar is one of them, and whether it ought or ought not to be. There is also confusion about whether 'credit monies' can be 'fiat monie...
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