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Business News

Location American Business News for 4 August 2021
Filinvest REIT To Proceed With IPO As Del Monte Philippines Defers Maiden Share Sale Again Office landlord Filinvest REIT Corp.--controlled by the family of billionaire Mercedes Gotianun--is proceeding with its initial public offering even as food manufacturing giant Del Monte Philippines pulled its IPO due to...
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The Starlink app's scanner generates a dome through yourphone's camera, warning of obstructions that could block connection to Starlink satellites.
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Some 100,000 Green Cards at Risk of Going to Waste

Wall Street Journal - 4 Aug 2021 14:30
Some 100,000 Green Cards at Risk of Going to Waste A Covid-19 backlog complicates what has already been a yearslong wait for more than a million immigrants in line to become permanent U.S. residents.
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China Wants Manufacturing---Not the Internet---to Lead Economy Even as Beijing unleashes a multifront regulatory assault against consumer internet companies, it continues to shower subsidies and protection on manufacturers, writes Greg Ip.
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FDA Reportedly Hopes To Fully Approve Pfizer's Covid Vaccine By Labor Day The Food and Drug Administration says it's engaged in an "all-hands-on-deck approach" to granting full approval to Pfizer's coronavirus vaccine.
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Why Creator Coins May Be The Next Big Thing For Entrepreneurs A new type of social strategy has emerged in 2021: Bitcoin meets social media. Social media platform BitClout combines the allure of Bitcoin with the success of creator-driven social media profiles.
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Companies Begin to Mandate Covid Vaccines for Employees

The New York Times - 4 Aug 2021 00:51
Companies Begin to Mandate Covid Vaccines for Employees Tyson and Microsoft were the latest to require employees to be vaccinated. Other major employers have tried less sweeping approaches.
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Hiring leaders at Rivian, Tesla, and Amazon's self-driving startup reveal their top tips for landing a job Top HR managers at Rivian and Amazon-owned Zoox described their thought process during interviews and the red flags that make them concerned.
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5 charts show that Americans are deciding it's a raw deal to buy a house Americans are stepping back from homebuying. Builders also seem to be fed up. These five charts from UBS break it down.
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During a trip across California, a driver found that the grass may be greener on the other side when it comes to driving a non-Tesla electric car.
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Employees at Bill Hwang's Archegos face losing about $500 million in bonuses after the fund's implosion, report says Archegos had set up a payment plan under which a large chunk of annual bonuses were deferred, with a guarantee to be paid out once an employee left.
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Crocs, Louis Vuitton, and Ralph Lauren are among fashion brands that are raising prices by as much as 17% Apparel prices in US retailers rose nearly 5% in June, the biggest leap in a decade. Some retailers are hiking prices to offset supply-chain costs.
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Overall, the investigation from Osterman Research revealed that meeting and email clients are the most vulnerable.
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Hacked Facebook users buy a VR headset from Facebook-owned Oculus, contact customer service to unlock their account, and then returning the device.
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Marc Andreessen quoted Warren Buffett this week. The legendary venture capitalist blasted the investor's bitcoin views in 2014. Andreessen said that Buffett advises investors to "put all your eggs in one basket." However, Buffett doesn't see Berkshire as a single basket.
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US private payrolls rise by 330,000 in July - less than half what economists expected It fell short of the 683,000 forecast in the smallest monthly growth since February. Supply chain and variant concerns are holding back the comeback.
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$28 beer at LaGuardia spurs audit of airport food and drink prices OTG, company that operates restaurants and stores at LaGuardia, JFK, and Newark airports is facing heat after it was caught selling a beer for $27.85 at LaGuardia Airport.
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Amazon has reportedly gutted a huge chunk of its secretive drone delivery project A former Amazon Prime Air worker told Wired that "everything started collapsing inwards because they piled too much on."
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Bitcoin price clings to $38K, but Dollar Index bounce could put BTC under pressure Bitcoin is in wait-and-see mode as the dollar trades near two-month lows on warnings that the Fed would continue its stimulus programs.
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Facing debt payments, 'Bad Moms' studio STX looks to its library for cash Studio STX, which last year merged with Bollywood studio Eros, was struggling even before the pandemic.
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Will The Post Earnings Rally In Tesla Stock Continue? Tesla stock is up by 8% over the last week (five trading days) and currently trades at about $710 per share. The gains follow Tesla's solid Q2 2021 results, which were driven by strong sales of the Model 3 and Model Y ve...
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GM has projected better-than-expected results in the second quarter despite the industrywide impact of the semiconductor shortage.
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