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Business News

Location American Business News for 19 October 2021
Dollar General's Unrivaled Store Footprint Drives Upside Potential This retailer is positioned well to grow its top and bottom lines over the long term, but the stock is priced as if profits will fall below pre-pandemic levels.
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Space Ape Games studio is launching Boom Beach: Frontlines, a free-to-play multiplayer action game set in the Boom Beach universe.
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Will Arvinas Stock Rebound After A 12% Drop In A Month? The stock price of Arvinas (NASDAQ: ARVN), a biopharmaceuticals company focused on oncology treatments based on targeted protein degradation, reached an all-time high of $108 in July of this year before a sell-off drove ...
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Down 13% Last Week, What's Next For Virgin Galactic Stock Virgin Galactic stock declined by about 13% over the last week (five trading days) and remains down by almost 18% over the last month (21 trading days). This compares to the S&P 500 which was up by almost 2% over the pas...
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RV Capital of America Tops WSJ/Realtor.com Housing Index

Wall Street Journal - 19 Oct 2021 11:30
RV Capital of America Tops WSJ/Realtor.com Housing Index Elkhart, Ind., topped the housing index this quarter, as high housing costs and remote-work opportunities drive many home buyers to seek out more living and outdoor space.
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Coast Guard officers found over 4,000 pounds of cocaine worth $35 million aboard the submersible after a dangerous encounter at sea, prosecutors say.
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Zillow shares fall after it pauses homebuying over labor and supply issues Shares of Zillow Group hit over a year's low on Monday after the online real estate firm said it would pause buying houses this year, as labor shortages and supply disruptions hamper timely sales of renovated properties....
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Banks boosting their technology hiring to chase South Asia's $93 billion in tech deals Tech startups in Southeast Asia and India are maturing in terms of scale and size, with many becoming unicorns and some ready to go public either through direct listings or mergers
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Is The New Futures-Based Bitcoin ETF Really An 'Inferior' Product? One MarketWatch article voiced concerns that a futures-based bitcoin ETF is "inferior" to a spot ETF. Is this claim accurate? Several market analysts offer their point of view.
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Enjoy Technology Launches On Nasdaq Raising More Than $250 Million To Accelerate Growth And Reinvent Retail Ringing the opening bell at the Nasdaq stock exchange had to have been especially sweet for Ron Johnson, CEO of Enjoy Technology, which today listed under the ticker symbol ENJY following a combination with Marquee Raine...
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A federal grand jury in Los Angeles indicted Rep. Jeff Fortenberry (R-NE) on charges of lying to federal agents over...
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Mitch McConnell deflected a question about Trump's influence on the GOP, saying Republicans should focus on the future and not 'rehash' 2020 McConnell's comments come as Trump insists that Republicans won't vote in 2022 or 2024 if the 2020 election isn't "solved."
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The pandemic has killed the car salesperson as we know it

Business Insider - 19 Oct 2021 22:04
The pandemic has killed the car salesperson as we know it Salespeople don't wait for walk-ins anymore and they don't haggle on price, The Wall Street Journal reports.
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Report: Eileen Fisher to Step Down as CEO of Eponymous Company in Early 2022 Eileen Fisher will reportedly step down as CEO of Eileen Fisher at the beginning of 2022 to focus on design, with the goal of eventually moving away from that role as well, according to WWD. She still plans to remain ver...
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Once Called Director Barry Sonnenfeld takes us inside the Oscar-nominated supernatural comedy that surpassed expectations and grossed $191.5 million.
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YouTube Begins Its Push Into Live Shopping

AdWeek - 19 Oct 2021 19:00
YouTube Begins Its Push Into Live Shopping YouTube is making big moves in the live shopping game, detailing an integrated shopping experience it has been intensively testing, with creators representing a big part of the mix. The Google-owned video platform cited ...
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Down 34% Last Month, Should You Buy BioNTech Stock For Near-Term Gains? BioNTech , a leader in messenger RNA technology and Pfizer's Covid-19 vaccine partner, saw its stock price decline by almost 34% over the last month, considerably underperforming the S&P 500 which remained roughly flat o...
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In a battle reflecting turf wars around the country, Illinois dentists helped defeat bills that would have allowed hygienists to practice in nursing homes and prisons Illinois dentists defeated legislation that would have allowed hygienists to practice in nursing homes, prisons
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TikTok Takes the Wraps Off Its First Ever Discover List TikTok Tuesday unveiled its first-ever Discover List to highlight creators on its platform that are "changing the game in their respective lanes--and beyond." The video creation platform said in a blog post Tuesday, "Cre...
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Global Opinion Of U.S. Bounces Back After Historic Lows Under Trump Approval of the U.S. has increased globally in all but three countries, according to a new poll.
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Manchin's $60,000 income threshold for Biden's expanded child tax credit could cause 37.4 million kids to lose out on federal aid It amounts to 60% of eligible kids across the US facing sharp cuts, including many in West Virginia, according to a Niskanen Center analysis.
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China's march to global tech dominance is hitting some serious stumbling blocks "The Digital Silk Road: China's Quest to Wire the World and Win the Future" shows China's global technology takeover isn't all it's cracked up to be.
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