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Business News

Location American Business News for 7 December 2021
Publishers Embrace Buy Now, Pay Later Technology to Streamline Commerce Buy now, pay later (BNPL) technology, a financial tool sweeping the digital retail ecosystem, has found its way to the media industry, leading to improved conversion rates, higher average order volume and, ultimately, in...
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Spat Between Elon Musk And Democrats Expands To Biden's Build Back Better Bill After using up all of Tesla's federal EV subsidies, Musk now favors scrapping the program.
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Companies such as Liqid, Equinix, and Aryaka are developing solutions to support organizations to set up flexible, powerful hybrid clouds.
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US stocks extend rebound as Omicron fears recede and early antiviral data suggests effectiveness against variant Oil prices surged on Tuesday as investors now see little chance of Omicron disrupting the economic recovery from the pandemic.
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Report: Mirror Trading International Said to Be Owed Over $129 Million by Previously Unaccounted for Debtors Mirror Trading International, the now-defunct fraudulent bitcoin investment platform, is said to be owed more than $129 million by debtors that had not been declared previously. Unaccounted for Debtors Liquidators of the...
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Here's how many global millionaires and billionaires there were in 2021 The pandemic has been good for billionaires. The World Inequality Lab has just released its annual World Inequality Report. The 2022 report highlights a number of interesting figures specifically focused on how inequalit...
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Retail sales in the U.K. rose in November compared with the year before, according to the latest report by KPMG and the British Retail Consortium.
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Crypto Exchange Binance Is Making 'Substantial Changes' to Become 'Fully Licensed and Fully Compliant' in UK Cryptocurrency exchange Binance has unveiled its plan to become a “fully licensed and fully compliant” exchange in order to serve users in the U.K. The crypto exchange is reportedly “making a number of very substan...
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The U.S. Securities and Exchange Commission has opened an investigation into Tesla Inc. that touches at least in part on the company's solar-cell activity.
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SEC Opens Probe Into Tesla Involving Solar-Cell Activity

Wall Street Journal - 7 Dec 2021 00:25
SEC Opens Probe Into Tesla Involving Solar-Cell Activity A former employee alleges that the company hid fire risks from public and shareholders.
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Bitcoin's brutal weekend sell-off gives investors a reason to reduce exposure to crypto as technical readings suggest any bounce 'may be fleeting', analyst says "The decline reflects a loss of intermediate-term momentum that serves as an impetus to reduce exposure to bitcoin and cryptocurrencies broadly."
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U.S. Strikes India Deal in Bid to Loosen China's Grip on Solar Panels A U.S. foreign-development agency is lending $500 million to build a solar-panel factory in India, putting American taxpayer money behind a bid to weaken China's dominance of the solar industry's supply chain.
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House prices rising at fastest pace in 15 years on quarterly basis, says Halifax House prices are rising at the fastest pace for 15 years on a rolling quarterly basis, according to latest figures from Halifax.
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American Airlines CEO Doug Parker to Step Down

Wall Street Journal - 7 Dec 2021 14:58
American Airlines CEO Doug Parker to Step Down Chief Executive Doug Parker will step down next year after two decades running airlines, handing the reins to a longtime lieutenant as the company begins to emerge from the pandemic.
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Trump's Big SPAC Deal Is Under Investigation by the S.E.C.

The New York Times - 7 Dec 2021 14:50
New revelations about how the merger came to be could complicate efforts to take the former president's media company public.
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The $3,000 bed everyone in Silicon Valley is raving about More than two dozen tech founders have contributed to Eight Sleep’s more than $150 million in funding, because they love its bed that offers temperature control, sleep data, and gamification. “I’ll sleep when I’m...
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ICICI Bank offers instant overdraft facility to sellers registered on Flipkart Sellers having a current account with ICICI Bank can immediately start using the OD to meet their working capital requirements
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"Honestly, I would just can this whole bill. Don't pass it," Musk said at the Wall Street Journal's CEO Council, which he tuned into virtually.
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Jing Fong temple to dim sum will reopen in smaller location as Chinatown recovers What does the new Jing Fong restaurant look like after its previous location -- a high-ceilinged temple to dim sum with room for 800 diners -- closed during the pandemic?
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Trump's blood oxygen level was dangerously low when he had COVID-19, according to a new report The detail comes in stark contradiction to Trump's denial that his bout with COVID-19 in October 2020 was not as bad as it seemed.
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Intel to List Shares in Mobileye Unit

Wall Street Journal - 7 Dec 2021 02:51
Intel to List Shares in Mobileye Unit Intel Corp. is planning to publicly list shares in its Mobileye self-driving-car unit, according to people familiar with the matter, the latest move by Chief Executive Pat Gelsinger to revive the semiconductor giant's fo...
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The company is expected to announce the move, which could value Mobileye at north of $50 billion, as soon as this week, the people said.
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