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Business News

Location American Business News for 29 July 2021
Freedom Caucus Pushes To Oust Cheney And Kinzinger From GOP Conference: 'Simped For Pelosi' A Kinzinger spokesperson said she's "not surprised by the pettiness," while a Cheney spokesperson said the members represent a "dangerous rot" in the GOP.
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Ben & Jerry's founders say, 'We're proud Jews,' defend West Bank sales ban The founders of Ben & Jerry’s are defending their company’s decision to put the freeze on selling ice cream in the West Bank, calling it "the Occupied Palestinian Territory.” Although Bennett Cohen and Jerry Greenf...
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Bitcoin's Biggest Corporate Investor Posts $299 Million Loss After Crypto Crash--But Billionaire CEO Says He's Not Backing Down Longtime CEO Michael Saylor said MicroStrategy intends to continue buying more bitcoin despite its recent price struggles.
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Keep higher investment in domestic share market

livemint.com - 29 Jul 2021 20:53
Keep higher investment in domestic share market The allocation between domestic equity market and others should be reverse--that is, 60% going to the former and 40% to everything else
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Qubit Uses Deep Learning and AI to Help Retailers Perfect Personalization Efforts Qubit has launched Qubit CommerceAI, a tool that leverages AI, deep learning and machine learning to deliver advanced 1:1 personalization techniques. The Qubit CommerceAI models are designed to understand and react insta...
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Shell boosted its dividend for the second consecutive quarter and announced the launch of a $2 billion share buyback program.
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Crypto Exchange Binance Plans to Be Regulated Financial Institution, Seeks CEO With Strong Compliance Background Binance CEO Changpeng Zhao (CZ) says that his company wants “to be licensed everywhere” and “From now on, we’re going to be a financial institution.” Following warnings by a growing list of regulators worldwide...
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Robinhood Prices Its I.P.O. at $38 a Share

The New York Times - 29 Jul 2021 03:15
Robinhood Prices Its I.P.O. at $38 a Share The stock trading app is set to start trading as a public company on Thursday.
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Biden also said the government will reimburse employers who give their staff paid time off to get vaccinated.
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Sarah Huckabee Sanders attends Phish concert in Arkansas

Business Insider - 29 Jul 2021 19:27
The White House press secretary turned gubernatorial candidate was photographed at the band's first concert since February 2020.
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Lionsgate And The CBC Team Up For 'Son Of A Critch' Lionsgate Looks To Replicate 'Schitt's Creek' Success With Canadian Comedy 'Son Of A Critch' Starring Mark Critch, Malcolm McDowell & Benjamin Evan Ainsworth Lionsate has teamed with Canadian broadcaster CBC to bring com...
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An ex-Facebook employee said the company demanded she remove a critical memo of it from her personal website. When she declined, her entire site was suddenly shut down. Sophie Zhang said she posted a scathing 6,600-word memo to her personal website after Facebook fired her. Then her website disappeared.
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Real Estate Is Booming in Bozeman, Mont.---Or Shall We Say, Boz Angeles The Rocky Mountain city is nearly unrecognizable, as out-of-state buyers and young professionals continue to transform the once sleepy area into a trendy hotspot.
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How Ford, Volkswagen Could Keep the Good Times Rolling

Wall Street Journal - 29 Jul 2021 15:58
The chip shortage has made car sales unusually profitable, but manufacturers' chances of maintaining their margins depend on a completely new way of doing business.
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Nikola Founder Trevor Milton Charged With Lying to Investors

Wall Street Journal - 29 Jul 2021 15:52
Nikola Founder Trevor Milton Charged With Lying to Investors Federal prosecutors allege Mr. Milton took part in a scheme to defraud investors by getting them to purchase shares of Nikola by making false statements about the company's product and technology development.
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Financial Giants State Street & Bank of America Double Down On Crypto Source: iStock/E_Y_E US-based major players in the world of traditional finance continue incorporating crypto in their offerings to existing clients, and/or investing in crypto-related companies. Financial services provi...
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NotCo's $1.5 Billion Valuation Comes With Big Expectations NotCo's CEO is using the power of AI to propel his well-funded alternative protein competitor to the top of the crowded market.
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New US Ambassador To Canada Faces Energy Minefields Philadelphia's own David Cohen was nominated to be the United States' new Ambassador to Canada. Read by latest Forbes article to see how energy issues and complicating what has always been a very close relationship
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Top EV Battery Maker Adds Sodium to Its Recipe Book

Wall Street Journal - 29 Jul 2021 15:23
Top EV Battery Maker Adds Sodium to Its Recipe Book Contemporary Amperex Technology is looking to make batteries using sodium ions, a technology that could reduce costs and lift performance.
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Hard Liquor Can Take the Edge Off Inflation

Wall Street Journal - 29 Jul 2021 15:21
Liquor companies are taking inflation in their stride. A push into premium brands, coupled with the fact that more drinkers are switching to spirits from beer in key markets, should help maintain their edge.
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The G.D.P. figure was the latest gauge of a recovery that could be challenged by the Delta variant of the coronavirus. On an annualized basis, second-quarter growth was 6.5 percent.
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Ecommerce Inflation: Online Prices Up 2.3% Over Last Year, Adobe Reports Disruptions caused by the pandemic have reversed a long trend of declining ecommerce prices and caused what are expected to be ongoing price increases.
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