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Business News

Location American Business News for 10 August 2021
Pave, a startup developing tools to help companies design fair compensation strategies, has raised $46 million in funding.
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Student Loans With No Interest Proposed By Republicans Student loans with no interest just got proposed in Congress -- by a Republican.
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Crypto Exchange BitMex To Pay $100 Million To Settle Claims Of Illegal Trading And Anti-Money Laundering Violations The settlement marks one of the biggest penalties ever levied against a cryptocurrency exchange.
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Justin Sun Ventures Into GameFi Projects With USD 300M TRON Arcade Fund Tron (TRX) and its partners said they have established a USD 300m fund called TRON Arcade, which will invest in and incubate GameFi projects over the next three years. GameFi ('gaming' + 'DeFi') is described as the gamif...
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Home Builders Are Restricting Sales, Pushing Up New Home Prices

Wall Street Journal - 10 Aug 2021 14:00
Home Builders Are Restricting Sales, Pushing Up New Home Prices Many cannot increase construction quickly enough to meet booming demand and are turning away business.
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Bitcoin Cash Argentina Crowdfunds Circular Economy and Adoption Campaign Bitcoin Cash Argentina, a nonprofit foundation destined to increase the knowledge and adoption of the cryptocurrency in the country, has achieved its second milestone by crowdfunding a new circular economy campaign using...
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Bonds from iconic motorcycle maker are offered to investors as the 10-day annual bike run in Sturgis, South Dakota, gets underway during a COVID-19 surge.
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AMC Plans To Accept Bitcoin At Movie Theaters By The End Of 2021 AMC Entertainment's CEO said they will have the technology in place to be able to accept bitcoin.
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Central Bank Admits: Crypto Will Be Used as an Investment Tool South Korea's central bank, the Bank of Korea (BOK), has issued a surprisingly crypto-friendly report about the role crypto may play in the economy of the nation going forward - and questioning whether bitcoin (BTC) and ...
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Discussion with Dr. Monica Gandhi

TPM - 10 Aug 2021 17:43
We did a fascinating Inside Briefing this morning with Dr. Monica Gandhi discussing vaccines, different layers of the human immune system and what really counts as an infection. It's really critical information when thin...
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Chicago auto mechanics strike, now in its 2nd week, shuts down service work at 56 new car dealerships About 800 Chicago-area auto mechanics went on strike after failing to reach an agreement on a new four-year labor contract, shutting down service work at 56 dealerships in the city and the suburbs.
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Poly Network Got Robbed of More Than USD 600M

Crypto News - 10 Aug 2021 16:04
Poly Network Got Robbed of More Than USD 600M Interoperability protocol Poly Network has confirmed that it has suffered a major exploit - loosing at least USD 600.3m of its funds. The protocol announced that it got attacked on Binance Smart Chain (BSC), Ethereum (ET...
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SEC Demands 'Terabytes' of Ripple Employees' Slack Messages The Ripple v. the US Securities and Exchanges Commission (SEC) war continues - now, the SEC is demanding terabytes worth of communication platform Slack messages between Ripple employees, arguing that they are as vital t...
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HotelPlanner, Reservations.com to Merge and Go Public

Wall Street Journal - 10 Aug 2021 15:25
HotelPlanner, Reservations.com to Merge and Go Public The online travel booking companies will combine with a blank-check firm and be valued about $685 million.
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China's aircraft carrier pilots are adding a new, more demanding skill The ability to conduct nighttime operations expands the range of missions China's carrier pilots can do.
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Selling Put Options Guide - Understand Risk vs. Rewards & How to Profit Put options let investors buy or sell the right to sell a specific stock at a set price. Some investors choose to sell put options as part of their trading strategies. What are the benefits and risks of selling puts and ...
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Recent Commercial Real Estate Transactions

The New York Times - 10 Aug 2021 15:00
Recent Commercial Real Estate Transactions Recent commercial real estate transactions in New York.
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Big Banks Raise Salaries for Junior Staff to Counter Burnout

The New York Times - 10 Aug 2021 14:46
Big Banks Raise Salaries for Junior Staff to Counter Burnout More money could help attract and retain junior bankers, but pandemic precautions could also become a differentiator in Wall Street's war for talent.
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Medical Devices And Mindset Training: Greenlight Guru When I spoke with David DeRam, the CEO of Greenlight Guru out of Indianapolis about the interesting work that his company is doing in helping to bring medical devices onto the market, I was particularly intrigued to lear...
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Amazon, Etsy: E-Commerce Stocks Look Attractive Following Post Earnings Sell-Off Our theme of E-Commerce Stocks - which is comprised of U.S.-based e-commerce companies as well as logistics, and payment players, has declined by about 7% over the last month, compared to the S&P 500 which rose 1.5% over...
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Fanatics Valuation Rises to $18 Billion as It Plans to Expand Sports Offerings Fanatics raised a new round of funding valuing the online sports-merchandise retailer at $18 billion, people familiar with the matter said, roughly tripling its valuation from a year ago.
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Wall Street Splashes Cash on Junior Bankers

The New York Times - 10 Aug 2021 14:06
Wall Street Splashes Cash on Junior Bankers A rise in starting salaries could help counter burnout but pandemic precautions might become a more important differentiator.
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