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Business News

Location American Business News for 13 July 2021
Customers are back at restaurants and bars, but workers have moved on Pandemic layoffs pushed many employees in hospitality to find jobs in new growth areas--with better pay, perks, career prospects
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Airbus Soars Past Boeing by Showing Little Mercy to Struggling Customers The aircraft giant made its customers honor jetliner contracts, despite the pandemic. That allowed the European company to take the No. 1 position in its longtime rivalry with Boeing, which was hobbled by the grounding o...
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Consumer Acquisition's Brian Bowman sounded the alarm on IDFA and targeted ads. Itcould trigger a 15% to 20% revenue drop for iOS devs.
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Down 20% Over The Last Month, Is It Time To Buy QuantumScape Stock? QuantumScape, a startup that is working on solid-state lithium metal batteries for electric vehicles, has seen its stock price decline by close to 9% over the last week (five trading days) and remains down by about 19% o...
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GM Bets on a Return to Office With New California Campus

Wall Street Journal - 13 Jul 2021 14:00
GM Bets on a Return to Office With New California Campus The executive director of GM's design and architecture studios says some vehicle-development work can't be done remotely.
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Customers Are Back at Restaurants and Bars, but Workers Have Moved On Pandemic layoffs pushed many employees in hospitality to find jobs in new growth areas. Better pay, perks and career prospects are keeping many of them from going back.
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Bitcoin, Ethereum and Altcoins At Risk of Major Breakdown Bitcoin price failed to overcome selling pressure and it remained well below USD 35,000. As a result, BTC saw a fresh decline below the USD 33,500 support. It is currently (04:25 UTC) showing a few bearish signs, but the...
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Boeing Faces New Dreamliner Production Problem

Wall Street Journal - 13 Jul 2021 04:49
Boeing Faces New Dreamliner Production Problem A new production problem has surfaced with Boeing's 787 Dreamliner, likely further delaying deliveries of the popular wide-body jets, people familiar with the matter said.
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Tesla CEO Elon Musk defends SolarCity purchase against conflict of interest allegations The suit claims that Tesla's purchase of SolarCity was rife with conflicts of interest and was a bailout of the faltering company.      
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Gas prices hits record $3.15 a gallon amid oil price surge Americans are paying an average of $3.15 per gallon for gas -- the most in seven years -- as the economy reopens and people hit the road in droves. At $3.147 a gallon, the average national price of regular unleaded gasol...
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Thai state-owned PTT's unit acquires 41.6% stake in Avaada Energy GRSC has invested by way of subscription of new shares approximately 41.6% of equity interest in Avaada with total investment of approximately THB 14,825 million (approx $454 million)
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Citibank, JPMorgan, and other banking giants are facing a potential class action lawsuit over ripping off clients on currency trades, report says The banks, which include UBS, Barclays, Citibank, and JPMorgan, are accused of colluding to rig prices in the $6 trillion foreign-exchange market.
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Google fined $593 million in France amid battle over news publishing Google was hit with a $593 million fine by France's antitrust watchdog on Tuesday for not properly complying with orders to hold talks with news publishers in "good faith" and for failing to create plans to pay them for ...
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The New York Times Company Ranked Among Today's Trending Stocks Q.ai runs daily factor models to get the most up-to-date reading on stocks and ETFs. Today, our deep-learning algorithms have identified The New York Times Company, among others.
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McDonald's owners offer child care, tuition to draw workers amid shortage The hope is to "fundamentally change what it means to work at a McDonald's restaurant."
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JPMorgan Chase and Goldman Sachs Beat Analysts' Expectations

The New York Times - 13 Jul 2021 15:00
JPMorgan Chase and Goldman Sachs Beat Analysts' Expectations The two Wall Street banks, the first to report earnings this quarter, both beat analysts' expectations.
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McCormick Is Hiring a Director of Taco Relations Know a bunch about tacos? Like them lots? McCormick & Company has a job for you. Today, Maryland-based maker of various sauces and spices is launching a nationwide hunt for the company's first-ever Director of Taco Relat...
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PepsiCo A Top Socially Responsible Dividend Stock With 2.9% Yield PepsiCo has been named a Top Socially Responsible Dividend Stock by Dividend Channel, signifying a stock with above-average ''DividendRank'' statistics including a strong 2.9% yield
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The9 signs green Bitcoin mining deal with Russian firm BitRiver BitRiver utilizes only surplus hydroelectric power to operate its data centers in Russia and CIS countries.
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JPMorgan Chase is the first major lender to report second-quarter earnings.
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Lumber prices have turned negative for the year after red-hot rally as the home improvement boom cools The price of lumber soared in the first few months of the year but has tumbled since May as demand falls and suppliers up production.
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Arctic Wolf, a cybersecurity platform provider and consultancy, has raised $150 million at a $4.3 billion valuation.
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