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Business News

Location American Business News for 15 October 2021

Goldman Sachs Profit Rises on Deal Bonanza

Wall Street Journal - 15 Oct 2021 15:48
The Wall Street bank said third-quarter profit jumped 60% to $5.38 billion as its investment bankers had their second-best quarter on record.
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A New Way to Tackle This Market Moment

Wall Street Journal - 15 Oct 2021 17:00
Stocks are sky-high and bond yields are near zero. A strategy called "return stacking" can free up part of your portfolio to put to work in a quieter part of the investing world.
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Johnson & Johnson Subsidiary Seeks Bankruptcy Protection to Handle Talc Product Claims The company said the Chapter 11 bankruptcy filing was intended to resolve current and future claims that its products cause cancer.
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Tether Hit With $41 Million Fine in Latest Crypto Crackdown

Wall Street Journal - 15 Oct 2021 20:31
The CFTC accused the stablecoin giant of falsely claiming that it backed each of its digital tokens with an equivalent amount of U.S. dollars. Tether said the issues have since been corrected.
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Wyndham Rewards EarnerĀ® Plus Credit Card Review

Money Crashers - 15 Oct 2021 19:00
The Wyndham Rewards Earner Plus Card is great for frequent Wyndham guests who don't want to have to "hack" complex travel rewards programs to redeem points for free stays. It's also among the best travel rewards cards fo...
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When live performance moved online, Ms. Washington started a cooking show on Instagram. Now she's back in front of audiences, who seem eager to hear jokes in person again.
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The University of Michigan's gauge of consumer sentiment fell to a preliminary October reading of 71.4 from a final September reading of 72.8. Economists polled by the Wall Street Journal expected a reading of 73.
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Tucker Carlson mocks Pete Buttigieg's paternity leave as 'learning how to breastfeed' Transportation Secretary Pete Buttigieg and his husband, Chasten, adopted baby twins before he recently returned from paternity leave.
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US average mortgage rates jump; 30-year loan at 3.05%

Chicago Tribune - 15 Oct 2021 14:53
US average mortgage rates jump; 30-year loan at 3.05% Average long-term mortgage rates jumped this week, with the benchmark 30-year loan again breaching 3%. Mortgage buyer Freddie Mac reported Thursday, Oct. 14, 2021 that the average rate for a 30-year mortgage rose to 3.05...
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Southern California's University Credit Union CEO David Tuyo steers company toward $1 billion-plus in assets under management as it continues its acquisition approach, amid pressure to consolidate in the credit union bus...
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Bitcoin briefly hits $60,000 for the 1st time since April as crypto ETFs look set for watershed SEC approval Market sentiment is on the upturn as the SEC appears ready to allow the first US bitcoin futures ETF to start trading next week.
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The SEC is ready to allow bitcoin futures ETFs to start trading next week, report says Anticipation has been brewing for bitcoin futures ETFs to get the go-ahead from US regulators after a series of positive signs.
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Snapchat Wants Gen Z To Run For Office

Forbes - 15 Oct 2021 13:34
Snapchat Wants Gen Z To Run For Office Snapchat recently launched "Run for Office" to help young people understand how important it is to turn 18 and enter public life.
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The Elizabeth Holmes trial: The defense gets smacked down twice in one day Attorneys for the Theranos founder tried - and failed - to ban the reporter John Carreyrou from the trial. Plus: jurors are eyeing the exits.
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The science behind 7 great leadership principles

Fast Company - 15 Oct 2021 07:00
The science behind 7 great leadership principles From Indra Nooyi and Ursula Burns to Larry Fink, these leaders embody successful principles, whether they are doing so consciously or not. Some people are born leaders in the sense that they instinctively know how to ral...
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It's at the lowest level since the American Bankers Association started collecting data in 1993
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SEC Tweets About Funds Holding Bitcoin Futures -- Expectations of Impending Bitcoin ETF Approval Soar The U.S. Securities and Exchange Commission (SEC) has tweeted about investing in funds that hold bitcoin futures contracts. This has sparked optimism within the crypto community that the regulator may soon approve bitcoi...
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'Boomerang employees' who quit jobs during pandemic may soon beg for them back "We're going to see lots of [these] employees, who a year from now miss their jobs and decide their novel isn't going as well as expected," an expert claimed.
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While Congress is in recess this week, we'll be watching negotiations on the infrastructure bill and presenting them to you...
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Prologis said 98% of its warehouse spaces was leased as of September 30 amid soaring demand that led to "record increases" in rent prices.
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Politico's New Owner Plans to Grow Staff, Launch Paywall

Wall Street Journal - 15 Oct 2021 23:51
Politico's New Owner Plans to Grow Staff, Launch Paywall Axel Springer, whose $1 billion acquisition of Politico is expected to close next week, is also planning foreign-language editions.
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Car-rental company Hertz Global Holdings Inc. is seeking to list its shares on the Nasdaq under its old symbol HTZ.
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