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Business News

Location American Business News for 9 November 2021
Bitcoin Prices Are Up More Than 130% Year-To-Date After Hitting Latest High Bitcoin prices notched their latest record today, surpassing the previous high of almost $67,000 and coming close to $68,000. Market analysts weigh in, offering some perspective on these latest moves and where the digita...
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PayPal on Monday after reported third-quarter earnings that were weaker than analysts had expected even as revenue rose 13%.
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Tesla Stock Wipes $140 Billion In Worst One-Day Decline This Year After Elon Musk Teases Massive Sale Despite plunging 17% since Friday's close, Tesla shares are still up a staggering 150% over the past year.
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Shares of Advanced Micro Devices Inc. posted their best day in 15 months Monday after the company announced new products and disclosed that Facebook parent Meta Platforms Inc. would use its Epyc processors.
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Zynga Gets Into Blockchain, TikTok Gaming Amid Record Q3 Revenue Mobile game giant Zynga had a record quarter in revenues and bookings, hired its first blockchain-game executive, and launched a first-ever TikTok title, the company said in its earnings announcement.
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The little more than a decade old market for digital assets has already roughly quadrupled from its 2020 year-end value
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Square Unveils Plans to Help Bitcoin Become the Native Currency for the Internet Square Inc. has affirmed that its focus is on helping bitcoin become the native currency for the internet. CEO Jack Dorsey explained, “We have a number of initiatives toward that goal” that will help “bitcoin reach...
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Women earn less money than men due to the gender wage gap. Now, research finds that they may also get less credit.
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5 Simple Steps To Becoming A Legitimate Investor The pros invest *pun intended* time and effort into keeping abreast of market trends and managing their portfolios to maximize their gains and minimize their losses. Here's what else they do.
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As Bitcoin Soared Past $68K, Plan B Says Floor Model Shows BTC Reaching '$100K This Year' On November 8, 2021, the price of bitcoin reached an all-time high of $68,564 per unit at 10:57 p.m. (ET) on Monday evening. Meanwhile, Plan B, the creator of the bitcoin price model called stock-to-flow (S2F), has corre...
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Zillow's Home-Flipping Demise Puts Other iBuyers on the Spot

Wall Street Journal - 9 Nov 2021 15:00
Zillow's Home-Flipping Demise Puts Other iBuyers on the Spot Investors are stepping up their scrutiny of Opendoor and Offerpad, the two biggest players left in the iBuying industry after Zillow pulled the plug on this business.
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TSMC, Sony to Open $7 Billion Chip Plant in Japan in 2024

Wall Street Journal - 9 Nov 2021 14:52
TSMC, Sony to Open $7 Billion Chip Plant in Japan in 2024 The companies aim to ease the strained global supply chain for semiconductors and boost Japan's chip manufacturing capabilities.
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General Electric to Split Into Three Public Companies

Wall Street Journal - 9 Nov 2021 14:41
General Electric to Split Into Three Public Companies GE said it plans to split into three public companies, focused on aviation, healthcare and energy, starting in 2023.
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Could U.S. Natural Gas Prices Crash?

Forbes - 9 Nov 2021 14:04
Could U.S. Natural Gas Prices Crash? U.S. natural gas markets could easily be balanced or even in surplus, if the winter is warm and/or shale drilling increases.
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You'll be able to use Venmo to buy stuff on Amazon starting from next year, PayPal says The new Amazon partnership marks the end of a longstanding deal with eBay that blocked Venmo from doing business with competitors.
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Three Hiring Incentives For Skilled Workers That Spare Your Budget Autonomy can be a highly motivating benefit to workers who are already performing excellently in their field.
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Big Tech Seeks Its Next Fortune in the Metaverse

Wall Street Journal - 9 Nov 2021 14:00
Big Tech Seeks Its Next Fortune in the Metaverse From virtual-reality glasses to software to digital goods, the emerging online realms promise new ways to make big bucks.
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How Cities Could Spend $1 Trillion on Infrastructure

Wall Street Journal - 9 Nov 2021 14:00
How Cities Could Spend $1 Trillion on Infrastructure Some mayors and state officials say the legislation will allow them to spend on long-overdue improvements to roads, water systems and transport links.
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Panera Bread Set to Return to Public Market

Wall Street Journal - 9 Nov 2021 14:00
Panera Bread Set to Return to Public Market The restaurant's traditional IPO will include investments from both Shake Shack founder Danny Meyer and his SPAC.
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Products delayed by the supply chain crisis will end up heavily discounted at stores, analysts say Items that miss the holiday season because of shipping delays or the trucker shortage will end up on discount shelves, BMO analysts said.
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Kimbal Musk cashed out $109 million of Tesla stock just before Elon's tweets whacked the share price Tesla director Kimbal Musk made a healthy sum by offloading stock, the day before Elon posted a market-moving Twitter poll.
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The debt problems of China's property sector are likely to cause a period of stagnation, according to economist George Magnus.
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