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Business News

Location American Business News for 31 August 2021

Time to Switch Tracks Again in Canadian Rail Battle

Wall Street Journal - 31 Aug 2021 23:40
Kansas City Southern's shareholders are headed for an almost ideal outcome of a monthslong bidding war.
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Stock Market Broke Records With August Winning Streak--But September Is Historically One Of The Worst Months For Stocks The S&P 500 has risen seven straight months--a rare feat as stocks test their historic rally in September.
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MetaMask is the most commonly used crypto wallet in the world of decentralized finance, which has boomed in 2021.
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Zoom shares slide 10% on slowing growth

CNBC - 31 Aug 2021 00:05
Zoom's full-year revenue guidance came in right where analysts expected. The earnings forecast is what was strong.
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How broadening of Nifty Pharma Index will impact investors One major reorganization happened in the Nifty Pharma Index, which will now have 20 companies as its constituents instead of the 10 at present
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Take your family into confidence before you execute gift deed For a gift of movable property, it is not mandatory to execute a formal gift deed
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How to select the right fixed income scheme

livemint.com - 31 Aug 2021 21:45
How to select the right fixed income scheme A portfolio with a higher yield may fetch low returns due to adverse interest rate movements
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Billionaire John Paulson Warns Cryptocurrencies Will Be Worthless, Bitcoin Too Volatile to Short Billionaire hedge fund manager John Paulson, famed for making a fortune betting against the U.S. housing market, says that cryptocurrencies are a bubble that will prove to be “worthless.” While he sees unlimited down...
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Is Smith & Wesson Stock A Good Pre-Earnings Pick? The shares are flat ahead of the event, last seen up 0.2% at $24.30.
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These millennials are dumping their jobs to plot new careers With several years in the workforce and some savings, some young professionals take an early career break to reassess and chart a different path
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Venture Capitalist Bill Gurley Prefers Ethereum to Bitcoin, Takes Personal Position in ETH Venture capitalist Bill Gurley has taken a personal position in ether because he “was swayed by the arguments of the ethereum crowd.” He explained that it is “the smarter way to play if you’re going to have crypt...
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Growth Of Online Luxury Marketplaces Continues In 2021 Bain & Company projects that as much as one-third of all personal luxury purchases will take place digitally by 2025, with those revenues reaching an estimated $136 billion. Luxury online marketplaces like italist are ca...
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McDonald's reportedly weighs closing indoor dining amid delta variant surge McDonald's is reportedly weighing whether to once again close indoor dining as the delta variant continues its rapid spread through the U.S.      
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Cathie Wood's Ark bought the dip in Peloton as the bike maker tumbled amid a larger than expected drop in its earnings The Ark Next Generation ETF bought an additional 115,515 shares of PTON on Monday.
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Clockwork Labs has raised $4.3 million as a new independent game studio making a community sandbox MMORPG.
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South Korea Forces Apple and Google to Change In-App Payments

The New York Times - 31 Aug 2021 15:50
South Korea Forces Apple and Google to Change In-App Payments The law, the first of its kind in the world, deals a blow to the market dominance of the tech giants, which opposed the bill.
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GameStop and AMC are still hot, but the lesser meme names are being replaced by a new class one year after Roaring Kitty's seminal tweet.
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On the last trading day of the month, London's main index was being dragged by losses for banks and energy giants.
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Ikea wants to buy your unwanted Ikea furniture in exchange for store credit The Swedish company is piloting its Buy Back & Resell program at a store in Conshohocken, Pennsylvania. It wants to roll it out across the US.
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The benchmark S&P 500 and tech-heavy Nasdaq hit record highs in the previous session, heading for their seventh consecutive month of gains.
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Home prices in the U.S. are now 41% higher than their last peak during the housing boom in 2006.
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Nifty Games has added $38 million to its coffers for its upcoming NFL Clash and NBA Clash games for mobile devices.
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