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Business News

Location American Business News for 24 August 2021
Instagram stars make farm life look delightful--minus the manure Curated images on social media feature fresh eggs and rodeo styles, not some rural realities; 'I show the good, the bad, but not the ugly'
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Luxury's Gray Market Is Emerging From the Shadows

The New York Times - 24 Aug 2021 11:00
Luxury's Gray Market Is Emerging From the Shadows New platforms and dealers able to offer steep discounts on the latest styles are becoming a powerful -- and disruptive -- force in the fashion industry.
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Walmart is launching GoLocal, a new service that will offer local delivery for national brands and small business operators "Any merchant from national retailers to small town shops can use Walmart's growing delivery platform," Walmart SVP Tom Ward said.
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Democrats are unlikely to extend federal unemployment benefits after they expire in 2 weeks All pandemic aid programs for those experiencing joblessness are slated to expire at the federal level in two weeks.
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Fast-food worker wages rose 10% as restaurants struggle to hire and retain workers, report says Walk around any restaurant district, and you're likely to see a "Help Wanted" sign on the window. What are the reasons behind it, and what can employers do?      
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Time to pump? Data suggests traders intend to push Filecoin (FIL) above $100 Derivatives data and recent protocol developments signal that retail traders have turned bullish on FIL.
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To Get Everyone Vaccinated, The United States Needs A National Vaccination Corps Health policy experts Lawrence Gostin and Eric Friedman explain how the federal government can step up and get more people vaccinated.
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Ads in Instagram Shop Tab Roll Out Globally

AdWeek - 24 Aug 2021 16:00
Ads in Instagram Shop Tab Roll Out Globally Instagram began testing ads in its Instagram Shop tab earlier this month, and it was apparently satisfied with the results of the test, as the option will begin rolling out globally Tuesday (Aug. 24) in countries where t...
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TikTok, in Deal With Shopify, Adds In-App Shopping

The New York Times - 24 Aug 2021 15:00
TikTok, in Deal With Shopify, Adds In-App Shopping In a pilot program, merchants will be able to add a shopping tab to their profiles and link to products within posts on the video app.
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F.D.A. Vaccine Approval Could Lead to More Corporate Mandates

The New York Times - 24 Aug 2021 14:36
F.D.A. Vaccine Approval Could Lead to More Corporate Mandates Chevron, CVS Health and Disney World have already announced requirements for some employees to be vaccinated.
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Is Carnival Stock Good Value At $22?

Forbes - 24 Aug 2021 14:00
Is Carnival Stock Good Value At $22? We believe that Carnival stock, the largest U.S. cruise operator, looks like a reasonably good buying opportunity at current levels. CCL stock trades near $22 presently and it is, in fact, down 55% from its pre-Covid lev...
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Will UPS Stock Rebound After Nearly A 10% Fall In A Month? The stock price of United Parcel Service has seen a fall of over 9% over the last twenty-one trading days. Much of this decline has come after the company reported its Q2 results on Jul 27. Although the company reported ...
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This Avocado Stock Won't Toast Your Portfolio

Wall Street Journal - 24 Aug 2021 13:30
There's good fat and there's bad fat. Mission Produce, a rare pure-play avocado seller with diverse suppliers south of the border, could help investors take advantage of America's avocado craze.
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Airbnb to Offer Free Housing to 20,000 Afghan Refugees

The New York Times - 24 Aug 2021 13:09
Airbnb to Offer Free Housing to 20,000 Afghan Refugees The company said it was working with resettlement agencies. It did not specify how long refugees could stay in the apartments and houses.
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What if an animal was doing improv and pretending to be a carrot when it died?
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U.S. Crops Wither Under Scorching Heat

Wall Street Journal - 24 Aug 2021 11:30
Inventories of grains world-wide are dwindling, further pushing up already high prices for corn and wheat.
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Yelp Reviews Fuel Fights Over Covid Vaccine Requirements

Wall Street Journal - 24 Aug 2021 11:30
Yelp Reviews Fuel Fights Over Covid Vaccine Requirements In early August, Yelp added features allowing businesses to list their vaccine policies. The change has thrust Yelp--and the small businesses listed on its pages--into the broader debate over vaccine requirements.
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ReNew Power completes SPAC merger with RMG II

livemint.com - 24 Aug 2021 06:42
ReNew Power completes SPAC merger with RMG II The merger puts an enterprise value of around $8 billion and an equity value of $4.4 billion on the new entity, ReNew Energy Global Plc
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Publishing Platform Substack to Accept Onchain, Lightning Network Bitcoin Payments via Opennode On Monday, the publishing platform Substack revealed the company is now accepting bitcoin payments. Substack will be working with the payment processor Opennode and the publishing platform will leverage the Lightning Net...
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Billionaire Lucio Tan's Philippine Airlines Returns Planes, Defers New Aircraft Deliveries Amid Losses Philippine Airlines has returned two of its existing aircraft to its lessor last month and deferred deliveries of new passenger jets as continuing losses significantly strain the flag carrier's liquidity position.
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The University of California, Berkeley, has signed a $17.5 million naming-rights deal for its football field with the owner of crypto exchange FTX.US --- and will get paid for it in cryptocurrency.
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FAA to Review Boeing Employee Reports of Pressure Over Safety Issues The Federal Aviation Administration is launching a broad review of how Boeing employees handle safety matters on the agency's behalf after some company engineers said they face undue pressure, according to an agency lett...
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