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Business News

Location American Business News for 17 November 2021

The Untold Story of Von Dutch

The New York Times - 17 Nov 2021 17:03
The Untold Story of Von Dutch Behind the brand that made trucker hats hot in the early 2000s is a messy corporate origin tale, filled with sabotage and greed.
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Li Lu, the fund manager responsible for Berkshire's lucrative bet on BYD, snapped up nearly 900,000 of Berkshire's "B" shares last quarter.
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Mitch McConnell says he's 'proud' of voting for Biden's $1.2 trillion infrastructure bill despite Trump's attacks Trump hit out at McConnell for backing Biden's infrastructure bill. McConnell earlier said the bill was "a godsend for Kentucky."
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Lawsuit Seeks $750 Million From Travis Scott, Drake And Live Nation Over Astroworld Disaster The lawsuit alleges the plaintiffs suffered mental and physical distress from the event due to the Astroworld organizers' negligence.
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Ripple Proposes 'Real Approach to Cryptocurrency Regulation' Ripple has published a proposal for a regulatory framework for cryptocurrencies called “A Real Approach to Cryptocurrency Regulation.” CEO Brad Garlinghouse explained that his company’s “proposed policy framework...
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Bitcoin Prices Struggle Close To $60,000 After Falling To Multiweek Low Bitcoin prices dropped to their lowest since October today, and have fought to recover since then. What key variables are driving these price movements?
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U.S. Adds Russia To List Of Nations Violating Religious Freedoms Russia joins the ranks of countries like Saudi Arabia, North Korea and China.
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The senator said that Bob, who originates from the United Kingdom, should "stop throwing his precious wrench into the American economy."
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What Went Wrong With Zillow? A Real-Estate Algorithm Derailed Its Big Bet The company had staked its future growth on Zillow Offers, its business to flip homes using computer-based market predictions. Getting the algorithm right proved to be difficult.
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Overwolf has raised $75 million in funding to jumpstart community-created mod experiences for games.
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Nexar, a company developing services on top of dash cameras for cars, has raised $53 million in fresh venture capital.
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Britney Speaks Out On Life After Her 13-Year Conservatorship, Hinting At Oprah Interview, Advocacy And Thanking #FreeBritney Movement Spears said she is grateful to have the freedom to enjoy "the little things," including being able to drive, owning an ATM card, using cash and buying candles.
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US could run out of cash as soon as Dec. 15, Janet Yellen warns The Dec. 15, 2021, deadline is about two weeks later than Yellen's initial estimate that a debt-limit increase passed by Congress in October.
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LA's Staples Center is changing its name to Crypto.com Arena in a reported $700 million deal Singapore-based crypto exchange Crypto.com snapped up 20-year naming rights for the home of the Lakers, Clippers and Kings sports teams.
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GM's Stock Up As EV Focus Continues, Will It Rise Further? General Motors' stock (NYSE: GM) rose by 9.9% in the last twenty-one trading days. In comparison, the broader S&P500 index rose by 5.6% over the same period. The automobile manufacturer saw its stock rise after the compa...
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Crypto Branding Battle Heats Up As FTX And Crypto.com Ink Deals With Ohtani And Staples Center Athletes, teams and leagues are cashing in as FTX and Crypto.com go head-to-head in a global fight for new customers.
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Stock Futures Muted Ahead of Results; Bitcoin Slips Again

Wall Street Journal - 17 Nov 2021 12:54
U.S. stock futures were flat ahead of earnings from Target and Lowe's, while bitcoin prices fell. European natural-gas futures built on Tuesday's gains.
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What's Next For Nokia Stock After 5% Drop Last Week? Nokia stock is down more than 5% in just one month (21 trading days), completely underperforming the S&P 500 which was up just a little under 5%. If you look at the change over the last five and ten days, too, the stock ...
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Nurse Salaries Rise as Demand for Their Services Soars

Wall Street Journal - 17 Nov 2021 12:30
Nurse Salaries Rise as Demand for Their Services Soars The average annual salary for registered nurses, not including bonus pay such as overtime, increased about 4% this year to $81,376, according to an analysis.
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Travel Industry Takes Crucial First Step Toward Combating Climate Change More than 300 travel companies, tourism boards and countries have signed the Glasgow Declaration on Climate Action in Tourism, the first step for a shared road map to cut carbon emissions.
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Cairn partners Baker Hughes to increase production from oil fields The partnership will be in three phases--technical assistance and conceptual design, detailed technical evaluation and pilot execution, and full-field development planning and execution
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Money is making us sick. As women and as a society. Here's a solution Sallie Krawcheck, CEO and cofounder of Ellevest, says that as a society, we persist in gaslighting women about their money challenges. She proposes systemic solutions and also suggests what women can do individually to p...
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