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Business News

Location American Business News for 6 December 2021
The Chinese e-commerce giant is up against increased competition, a slowing economy and a regulatory crackdown.
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Crypto trading platform BitMart confirmed a "large-scale security breach" over the weekend, saying hackers stole about $150 million in assets.
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SEC Chairman Gary Gensler Stresses Crypto Markets Are Open to Manipulation, Investors Vulnerable The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has called for more investor protection in crypto markets. “This asset class is rife with fraud, scams, and abuse in certain applications...
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Bot mitigation firm Kasada raised $10 million to expand its customer base and further develop its ML-powered product.
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Shale Oil Wins Back Investors Despite Policymakers' Focus On Climate Change The S&P Oil and Gas Exploration and Production ETF (XOP) has surged recently by more than 75 percent compared to investment levels a year ago, making it the best performing subsector of the stock market.
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Cravath Law Firm to Alter Partner Pay Structure

Wall Street Journal - 6 Dec 2021 16:30
Cravath Law Firm to Alter Partner Pay Structure The New York firm, long regarded as one of the nation's most elite, plans to move from its longstanding "lockstep" compensation model.
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Gold futures retreat modestly Monday morning, as a pickup in Treasury yields and the dollar help to dull appetite for the precious commodity.
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BuzzFeed's First Day as a Public Company Is a Big Test

The New York Times - 6 Dec 2021 15:57
BuzzFeed's First Day as a Public Company Is a Big Test The move is a "means to an end" for BuzzFeed to grow via acquisitions and e-commerce, its chief executive said.
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The top U.K. stock market index enjoyed a solid advance on Monday, buoyed by the energy sector.
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Crude-oil prices on Monday trade sharply higher, amid a confluence of factors that were helping to momentarily shift focus away from omicron.
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Britain's Royal Marines were 'victorious' in a mock desert battle with US Marines. Here's how the 2 forces stack up While the US and British forces are similar as marines, comparing them is like comparing apples to oranges.
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Apple Stock Hits All Time Highs. Should You Buy, Sell Or Hold? Apple stock has rallied by almost 8% over the last month, trading at all-time highs of about $164 per share, despite the ongoing semiconductor shortage, which has been hurting Apple's ability to supply products, and also...
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Advertising market keeps growing much faster than expected, forecasters say E-commerce is proving to be a boon for digital advertising, according to Zenith
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Financial Crimes at Businesses More Prevalent Than You Think

Small Business Trends - 6 Dec 2021 14:30
Financial Crimes at Businesses More Prevalent Than You Think Close to half or 47% of businesses are impacted by financial crimes, resulting in $1.45 trillion in total losses globally.
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There are times to do things yourself, or use software, and there are times to get help from a real professional. These are those times.
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Engine Capital Urges Kohl's to Consider E-Commerce Separation

Wall Street Journal - 6 Dec 2021 01:02
Activist also urges department-store chain to consider a sale, a letter says.
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Value Locked in Defi Slips 5% in 24 Hours, AMM and Rebase Tokens Take Double-Digit Losses Since mid-November the total value locked (TVL) in decentralized finance (defi) has slid from $257 billion to $250.55 billion and during the last 24 hours it lost a touch more than 5%. Over the last seven days, defi toke...
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Sessions with one major stock index closing higher while another finishes lower have become more frequent, and that doesn't reflect a healthy market.
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Mesmerizing photos of this year's only total solar eclipse show a rare crescent sunrise over Antarctica Photographers shot photos of a crescent sun rising and a dark moon blocking its light, during the only total solar eclipse of 2021, in Antarctica.
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Elmo Lovano Is Ready To JammJam Everywhere

Forbes - 6 Dec 2021 23:57
Elmo Lovano Is Ready To JammJam Everywhere He took JammCard, a project he started in February 2017 and built it into a business which is transforming the ways in which musicians interact, with a laundry list of additional services which allow musicians to be more...
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7 books that can help improve a toxic company culture

Business Insider - 6 Dec 2021 23:53
Authors ranging from psychologists to a management expert give their advice on how to improve work relationships and "restore humanity" to the office.
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: Alibaba stock rockets to best day since 2017

Market Watch - 6 Dec 2021 23:53
U.S.-listed shares of Alibaba Group Holdings Ltd. rocketed Monday to post their best performance in more than four years as numerous Chinese internet stocks started to mount a comeback after a tough recent stretch.
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