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Business News

Location American Business News for 7 July 2021
Crypto Exchange Binance Suspends Euro Deposits via SEPA Bank Transfers Troubles at cryptocurrency exchange Binance continue as the platform is now reportedly suspending euro deposits via SEPA bank transfers. Binance says the suspension is temporary and it is due to events beyond its control...
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Kroger Stock Ready to Retake Record Peak

Forbes - 7 Jul 2021 19:45
Kroger Stock Ready to Retake Record Peak Retail giant Kroger (KR) is making its way back up the charts, and looks ready to bounce off a key trendline with historically bullish implications.
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Is Virgin Galactic Stock A Buy Ahead Of Richard Branson's Space Flight? July promises to be an eventful month for the suborbital space tourism industry. Virgin Galactic (NYSE: SPCE), is set to fly its founder Richard Branson to space, as a member of the crew on the next test flight of the Vi...
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Nio, Xpeng, Li Auto: After A Stellar June, Are Chinese EV Stocks A Buy? The top U.S. listed Chinese electric vehicle players Nio, Xpeng , and Li Auto all posted record delivery figures for June, as the automotive semiconductor shortage, which previously hurt production, shows signs of abatin...
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Will Arrowhead Stock Rebound After A Large 30% Decline Last Week? The stock price of Arrowhead, a biopharmaceutical company that develops RNA interference therapies, has seen a large 30% fall over the last five trading days. The decline came after the company decided to pause its early...
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Oil prices hammered after OPEC+ talks fail

IBTimes - 7 Jul 2021 04:21
Both the Dow and S&P 500 finished lower, retreating from records, while the tech-rich Nasdaq edged to a second straight record.
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Samsung Expects 53% Increase in Operating Profit

Wall Street Journal - 7 Jul 2021 03:49
Samsung Expects 53% Increase in Operating Profit Company is lifted by strong demand for memory chips that offset weaker device sales--hurt by component shortages.
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Hello Sunshine, the media company founded by actress and entrepreneur Reese Witherspoon whose titles include the hit HBO drama "Big Little Lies," is exploring a sale, according to people familiar with the matter.
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S&P 500 sees 1st decline after 7 straight gains; oil falls Banks and energy companies helped pull stocks mostly lower on Wall Street Tuesday, ending the Standard & Poor's 500's seven-day run of record high closes.
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Visa Crypto Card Users Spent Over USD 1B Globally This Year Payments giant Visa announced that crypto-linked card usage surpassed USD 1bn in the first half of 2021. Their consumers globally spent more than USD 1bn worth of cryptocurrency on goods and services through Visa's crypt...
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Bloomingdale's Is Downsizing With Bloomie's, A Convenient, Elevated New Concept Target Corp. cracked the small store code with its flexible format units, and Macy's Inc. launched Market by Macy's. Now Bloomingdale's is thinking small with Bloomie's.
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Bitcoin battles $35K as traders agree volatile BTC price move incoming Bulls may not have long to wait before BTC price action sees its next leg up, traders suggest, with $35,500 in focus for a breakout.
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Former dean of Northwestern's Kellogg School of Management buys mansion in the northern suburbs for $1.6M Veteran business school administrator Dipak C. Jain, who was dean of Northwestern University's Kellogg School of Management from 2001 until 2009, paid $1.585 million for a seven-bedroom, 6,507-square-foot newly construct...
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Spending $2 trillion on new nuclear weapons is a risk to more than just your wallet As the US, Russia, and China rush to modernize their nuclear arsenals, the world is witnessing a new, dangerous nuclear arms race.
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DiDi's $3 Bln Options Payday: Who Might Have Gained? Controversies are swirling around China's ride-sharing leader after its shares plunged in New York only days after its IPO.
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Gold futures on Wednesday head for a fifth straight gain, ahead of a release of minutes from the U.S.'s rate-setting Federal Open Market Committee that could provide a fresh catalyst for financial markets.
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Oil futures rise Wednesday, stabilizing after the previous session's downside reversal, as investors continue to weigh the implications of a standoff between OPEC members over output.
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Bank Stocks in Europe Zoom Higher, Rewarding Bargain Hunters

Wall Street Journal - 7 Jul 2021 11:30
The region's bank shares have regained their pandemic losses, helped by Covid-19 vaccine developments, an improved economic outlook and the easing of the dividend ban.
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Goldman Sachs: Ethereum's popularity could see ETH become dominant store of value Goldman Sachs says the popularity of Ethereum's smart contracts means it could overtake Bitcoin as the number one crypto by market cap soon.
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Discovery's David Zaslav promises more media merger mania at Sun Valley Allen & Co.'s "summer camp for billionaires" kicked off on Tuesday with David Zaslav of Discovery promising that the media merger frenzy created by the video streaming wars is far from over.
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Russian government hackers allegedly took aim at the Republican National Committee last week, around the same time that a global ransomware attack was launched.
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Allied Payment Network Embeds Bitcoin Service, Will Hold BTC in Corporate Treasury Payment service provider Allied Payment Network has partnered with New York Digital Investment Group, the bitcoin subsidiary of $10 billion asset manager Stone Ridge. Financial institutions using Allied’s platform will...
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