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Business News

Location American Business News for 5 August 2021
I visited a meat-processing factory to find out exactly how McDonald's hamburgers are made McDonald's attracts plenty of customers, but many wonder what's actually in the burgers, from the quality of the meat to preservatives content.
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Aave price hits two-month high on Wall Street's DeFi adoption hopes Bids for the lending platform token surged dramatically after Bitwise Investments announced an Aave-focused fund for institutional investors.
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'The builder had sold 130 homes the first day': Foreign buyers may add to housing woes, prices American homebuyers should prepare for more competition and higher prices as many foreign buyers return to the market with all-cash offers.      
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The State Department is investigating the location of a $5,800 bottle of whiskey that Japanese officials gifted to Mike Pompeo American officials cannot personally accept gifts from a foreign government, gifts are registered as property of the US government.
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SEC Chair Gensler Outlines Plans for Crypto Trading, Exchanges, Investor Protection, Bitcoin ETFs The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined how the SEC plans to regulate the crypto industry. Focusing on investor protection, Gensler discussed concerns the SEC has abo...
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Lufthansa Pins Recovery Hopes On U.S. Lifting Its Travel Ban For Europeans Lufthansa Group sees high demand for tourist destinations in Europe and sees a gradual recovery of intercontinental travel, mainly to the U.S., and the upturn of corporate travel demand in the second half of the year.
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Amazon joins Wells Fargo and BlackRock in extending work-from-home guidance due to the pandemic.
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His remarks drew a strong rebuke from the governor of Texas.
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Ultrawealthy Americans are ditching their US citizenship in droves With tax hikes maybe on the way for America's ultrawealthy, Axios reports that many of them don't want to stick around to see them.
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Coinbase CEO Brian Armstrong says proposed crypto tax rule makes no sense The crypto exchange boss is the latest to decry plans to enact sweeping changes to cryptocurrency tax reporting in the United States.
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What's Comes Next For Barrick Gold Stock After A 3.5% Jump In A Week? Barrick Gold stock increased 3.5% in just the last one week and currently trades close to $22 per share. The recent rise has been driven by strengthening in global gold prices. After registering a sharp rise from $1,500/...
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Covid travel curbs could cost London £6.6bn in overseas tourism City would be doubly hit because it is not benefitting from UK residents holidaying at home, says CEBR study Coronavirus - latest updates See all our coronavirus coverage London will bear the brunt of an £11bn drop in r...
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Bank of England expects inflation to head higher this year, but interest rates are held at 0.1%.
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Civic engagement and crypto: Miami unveils its own digital coin MiamiCoin is not just a cryptocurrency, but rather a decentralized application that can function as a developer platform for cities.
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Small Businesses Add 91,000 Jobs to US Economy

Small Business Trends - 5 Aug 2021 15:00
Small Businesses Add 91,000 Jobs to US Economy Private sector jobs have increased by 330,000 with small businesses contributing 91,000 new jobs to that total.
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Stablecoin market to hit $1T by 2025, Unstoppable Domains CEO predicts As an early crypto bull, Unstoppable Domains CEO Matthew Gould believes that Bitcoin won't retest its all-time high of $64,000 for at least one year.
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Moderna said its Covid-19 vaccine booster shot produced a "robust" antibody response against the highly contagious delta variant.
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Biden Expected to Announce Goal of 50% Electric Vehicle Sales by 2030 The initiative would also promote the construction of charging stations and include financial incentives for consumers and carmakers.
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Lufthansa's budget arm is doing better than its flagship airline, but low-cost operators still face stiff competition to fly a small number of unrestricted routes.
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Has Oracle's Stock Peaked?

Forbes - 5 Aug 2021 14:30
Has Oracle's Stock Peaked? Oracle's stock has gained 63% since the end of FY 2020 (ended May 2020). As per Trefis' Oracle's valuation of $81, the stock currently looks to be above its near term potential. In recently announced FY 2021 (ended May 2...
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Student Loans Back In Focus As Eviction Moratorium Extended Student loan relief may be back in play.
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Bitcoin and Ethereum Correct Gains, Dips Remain Supported Bitcoin price failed once again to clear the USD 40,000 resistance. BTC corrected gains and traded below the USD 39,000 pivot level. It is currently (12:11 UTC) struggling to stay above USD 38,000 and it might revisit th...
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