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Business News

Location American Business News for 9 October 2021
US Postal Service hit with lawsuit over DeJoy's plan to slow delivery of first-class mail The lawsuit accuses USPS of adopting "significant and nationwide changes" without following proper procedure.
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What If NIL Had Existed When Rocket Ismail Was Soaring At Notre Dame? Three decades ago, the pride of Wilkes-Barre, Pa., was in a different category when it came to national popularity and marketability.
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Social-investing app Commonstock wants to be the 'Bloomberg terminal of Main Street' and weed out the meme-stock trolls The new social investing app is trying to differentiate itself from sites like Reddit, where users have helped drive the meme-stock frenzy.
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Canada's Pot Companies Are Missing the Best Party

Wall Street Journal - 9 Oct 2021 16:03
Getting access to the U.S. cannabis market is crucial for Canadian cultivators as their home turf grows more competitive. When it might happen is anyone's guess.
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Hudson Hamrick, of North Carolina, pleaded guilty to buying Amazon products and then returning cheaper ones over a period of several years.
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What Bitcoin correction? BTC price holds $55K despite several bearish indicators Bitcoin price refuses to pull back despite Bollinger Bands and Fear and Greed pointing to an overheated rally.
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A popular Singaporean prefab tiny home maker has unveiled its latest futuristic $98,000 smart home - see inside the Cube Two X The Cube Two X is the latest build in Nestron's Cube series, the Singaporean company's most popular lineup of smart prefab tiny homes.
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The SEC is taking a hard line on stablecoins right now - but it could permit more coin issuers if it gets to regulate them, a financial policy expert says A wide range of entities - such as asset managers, banks, and securities firms - could become issuers if the SEC regulates stablecoins.
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'The Big Short' investor Michael Burry dismisses shiba inu coin as 'pointless' - noting the dogecoin spinoff's supply exceeds 1 quadrillion coins Michael Burry underlined the scale of the meme token's supply by noting that a quadrillion seconds is about 32 million years.
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China to Add Cryptocurrency Mining to 'Negative List for Market Access' Making the Industry Off-Limits to Investors China has proposed adding cryptocurrency mining to the country’s latest “Negative List for Market Access.” This will make cryptocurrency mining an industry that is off-limits to investors, another move by the Chine...
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Senate Republicans Fight The Vital Global Corporate Tax As Needing An Impossible Two-Thirds Vote A vital global minimum corporate minimum tax just got assembled, but Senate Republicans will try to beat it by the claim it needs a two-thirds vote.
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Hawaii Becomes First State In Which 90% Of Eligible Residents Are Vaccinated Against Covid Hawaii's vaccination rate is nearly 14 points above the national average.
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Crypto Exchange Binance Terminates Some Services in South Africa After Warning by Regulator Binance has announced that it is terminating some services in South Africa to comply with regulations. This move followed a warning issued by the South African financial regulator that Binance Group was not authorized to...
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Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days The Dogecoin spinoff sprinted past popular blockchain protocols like Stellar and Polygon to become an $11 billion crypto project.
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Bored Ape Yacht Club Records $542 Million in Lifetime Sales -- BAYC Creators to Launch Token in Q1 2022 Non-fungible token (NFT) assets have been extremely popular in 2021 and it doesn’t seem like the NFT hype is going away any time soon. A number of NFT collections have propelled the industry to new heights with enormou...
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Many Women Remain on Labor-Market Sideline

Wall Street Journal - 9 Oct 2021 15:20
Many Women Remain on Labor-Market Sideline Many have yet to return to the labor market, acting as a check against stronger job growth, and some who did return haven't been able to remain in the job as the Delta variant of Covid-19 disrupted their plans.
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Economic Pain Forces The Energy Transition Narrative To Shift As the prices for oil, natural gas and coal spiked due mainly to artificially-created supply crunches, a new narrative demanding massive new investments, calls for increased production and recognizing the need for ongoin...
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More women left the work force in September than the US economy added jobs Even more women weren't working or actively looking for work in September. Experts say Delta variant childcare closures fell on women's shoulders.
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While analysts are expecting to see an uptick in 2022, they don't expect the price of lumber to soar as high as its pandemic peak.
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With 'Play Nice But Win,' Michael Dell Is Trying to Be Nice

The New York Times - 9 Oct 2021 14:00
With 'Play Nice But Win,' Michael Dell Is Trying to Be Nice In "Play Nice But Win," Mr. Dell delves into the drama behind some of the biggest deals of the past decade.
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I'm a pharmacy student working at Walgreens. Most people getting the COVID booster shot are excited, but our pharmacy is severely understaffed. "Many days I dread coming into work - every work shift is exhausting, from the rude patients to the constant influx of prescriptions," says Jennalynn Fung.
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Why discount stores can survive when the supply chain falls apart By stocking fewer products and having a larger portion of own-brand goods, discount stores have more flexibility to manage the supply chain crisis.
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