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Business News

Location American Business News for 18 October 2021

Goldman Sachs Wins Approval to Buy Out Partner in China

The New York Times - 18 Oct 2021 13:17
Goldman Sachs Wins Approval to Buy Out Partner in China The move will give the Wall Street giant complete ownership over its Chinese investment banking operations.
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Foxconn Unveils Electric Vehicle Prototypes

The New York Times - 18 Oct 2021 11:20
Foxconn Unveils Electric Vehicle Prototypes The company known for making iPhones presented three electric vehicles that can serve as a basis for working with car companies.
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Paris Hilton has embraced decentralized tech and the blockchain in a partnership with Decentraland and Genies.
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What's Happening With Axsome Therapeutics Stock? Last month we discussed that Axsome Therapeutics stock is likely to continue to see higher levels after it rose 6% in a week following the U.S. FDA's acceptance of a new drug application for the company's migraine drug -...
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'You' Season 3's Ending Killed The Wrong Person You season 3 had a lot of murdering, but the final death of the season was the wrong choice to make.
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No Innovation With Affirm Holdings, Just Overvaluation With market share on the decline, possible regulatory oversight on the horizon, and significant competition, profits look highly unlikely.
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China's Economy Rests on Three Shaky Legs

Wall Street Journal - 18 Oct 2021 14:05
The country's economy slowed sharply last quarter, but there is little sign so far of a major shift to support growth. That may reflect overconfidence on Beijing's part.
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Interest on Kisan Vikas Patra is taxed on accrual basis The IT Act provides for taxation of income from other sources,  like interest, either on cash or accrual basis at the option of the taxpayer
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Inside India's race to secure lithium

livemint.com - 18 Oct 2021 18:41
Inside India's race to secure lithium With China cornering a bulk of the global lithium market, is India's energy transition in peril?.The world's four biggest mining firms--Albemarle, SQM, Tianqi and FMC--currently control 77% of the global lithium market. ...
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Jacksonville Jaguars' Urban Meyer Shows Why He's On Hot Seat Even In Victory And while the Jaguars don't have to worry about going through a winless season, this game -- even in victory -- showed why Jacksonville is not trending in the right direction. Most importantly, it displayed why Meyer is ...
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Scopely gets GSN Games' library, while Sony Pictures Entertainment will become a minority stakeholder in the company.
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The PlayStation 5 was the top console in September in both unit and dollar sales, according to the September 2021 NPD gaming report.
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Australian politician rips into Sen. Ted Cruz for mocking COVID-19 vaccine requirements: 'We don't need your lectures, thanks mate' Australia's Northern Territory chief minister Michael Gunner told Cruz that he loves Texas "but when it comes to COVID, I'm glad we are nothing like you."
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Bitcoin extends climb above $60,000 threshold on imminent ETF approval Bitcoin rose as much as 5.5% on Monday to $62,667, according to Bloomberg data. ProShares said its bitcoin futures ETF will start trading Tuesday.
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Leading Experts Weigh In On The Importance Of Climate Disclosure To Reduce Emissions Provides the insights to deploy cleantech solutions more efficiently, improve policy implementations and incentivise businesses to showcase their sustainability
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Travelers Stock To Top The Street Expectations In Q3? Travelers is scheduled to report its fiscal Q3 2021 results on Tuesday, October 19. We expect Travelers to top the earnings and revenue expectations. The insurance giant surpassed the street expectations in the last quar...
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Which Stocks Might Generate Higher Return Than Restaurant Brands? We believe that there are other stocks that are currently better valued than Restaurant Brands' stock. QSR's current price-to-operating income ratio (P/EBIT) of 11.9x is higher than levels of 10.8x for Conagra Brands, 7....
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BTS's Incredible Week On The Hot 100: How 'My Universe' Helped The Band Make History "My Universe" was a major historic win on the Hot 100 from the moment it arrived.
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Apple Supplier Stocks See Headwinds On iPhone 13 Supply News Our theme on Apple Component Supplier Stocks - which includes a diverse set of companies that supply components for iPhones and other iDevices - has declined a bit since our last update in late September.The theme remain...
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With Bitcoin At $60K, Consider These Crypto Stocks Bitcoin prices have rallied by almost 25% over the last month, trading at about $59,600 as of late Thursday. The bellwether crypto has rallied from lows of under $30,000 in July. There are likely a couple of factors driv...
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The Sculptor Behind Golf's Coolest Trophies

Forbes - 18 Oct 2021 13:15
The Sculptor Behind Golf's Coolest Trophies Malcolm DeMille's Nipoma, California based foundry produces a couple dozen of the top prizes given out on the PGA Tour, LPGA Tour, and the PGA Tour Champions circuit.
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Zillow Gets Outplayed at Its Own Game

Wall Street Journal - 18 Oct 2021 12:00
Zillow Gets Outplayed at Its Own Game The company that has prided itself on its technology to outsource a lot of human work is suddenly referring the work right back to humans.
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