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Business News

Location American Business News for 24 December 2021
Bitcoin tops $51,000, moving firmly higher for the first time in 2 weeks as it heads into the holiday Cryptocurrencies are rising across the board, shaping up for a "Santa Claus rally" to close the year on a high note.
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China Wins As Joe Manchin Downgrades U.S. Economy By suddenly torpedoing President Joe Biden's roughly $2 trillion Build Back Better Plan, the senator from West Virginia is looking out more for China's competitive edge than America's.
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United, Delta Cancel Some Flights, as Omicron Spreads

Wall Street Journal - 24 Dec 2021 05:01
United, Delta Cancel Some Flights, as Omicron Spreads Airlines have said they expect holiday travel this week and next to be among the busiest since before the pandemic.
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Robinhood Gets Robbed in Heard's Annual Stock-Picking Contest

Wall Street Journal - 24 Dec 2021 14:03
Heard on the Street columnists bet against retail brokerage Robinhood Markets in more ways than one this year.
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Working Group Meets to Prepare Regulations for Cryptocurrencies in Russia A crypto working group has held its first meeting at Russia’s parliament. Its members have been tasked to put forward legislative proposals designed to comprehensively regulate cryptocurrencies and related matters in t...
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Industry experts reveal a possible method for Bank of Russia to block crypto Bank of Russia's crypto restrictions through MCC would unlikely affect exchanges that have been operating illegally so far.
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Northern Powerhouse fund secures big-name investors as it builds top team The university spin-out venture chaired by Lord O'Neill, the former Treasury minister and Goldman Sachs economist, has secured backing from a syndicate of City investment giants.
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Thanks to the Chip Shortage, Texas Instruments Is Worth $170 Billion Even in the digital age, analog chips such as those the company makes in Texas are essential, and they are in short supply.
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Rental-Car Shortage Drives Up Prices and Wait Times

Wall Street Journal - 24 Dec 2021 12:33
Rental-Car Shortage Drives Up Prices and Wait Times A shortage of rental cars that emerged earlier this year is getting worse, with Hertz, Avis and other providers struggling to meet demand and charging more.
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Hong Kong Billionaire Li Ka-Shing's CK Asset To Sell Aircraft-Leasing Businesses For $4.3 Billion To Carlyle "Covid-19 has caused a paradigm shift in the aircraft leasing sector," the Hong Kong property developer said in a filing to the Hong Kong stock exchange.
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German Prosecutors Hire Local Bank to 'Clean' Seized Crypto Worth $113 Million German prosecutors have hired a bank to “clean” cryptocurrency seized in criminal cases. “As the cryptocurrencies are related to crime, they are considered ‘contaminated coins’ and cannot be traded on mainstrea...
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CES 2022 lost more major participants Thursday due to growing COVID-19 concerns, but the organizers of the world's largest tech conference vowed to carry on.
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Tesla will no longer allow drivers to play video games in moving cars as US government probes safety risks The National Highway Traffic Safety Administration opened an investigation into why Tesla lets owners of its cars play such games while driving.
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CK Asset said that the COVID-19 pandemic has caused a paradigm shift in the aircraft leasing industry and that the risk and return dynamics had become volatile and unpredictable.
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Bitcoin Jumps Above USD 51K, Ethereum Hits USD 4,100, ADA & LUNA Rally Bitcoin price formed a base and accelerated above USD 48,500. BTC bulls pushed the price above the USD 51,000 zone. It is currently (04:18 UTC) up 5% and there could be a minor downside correction. Similarly, most major ...
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GM, Google latest firms to nix in-person attendance at CES over COVID fears General Motors, Alphabet Inc.’s Google and its self-driving auto-technology company Waymo on Thursday joined the companies no longer attending the Consumer Electronics Show in person early next month due to rising COVI...
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Ripple Achieves 'Strongest Year Ever' Despite SEC Lawsuit Over XRP, Says CEO Ripple has achieved the “strongest year ever” despite the lawsuit over XRP by the U.S. Securities and Exchange Commission (SEC), according to CEO Brad Garlinghouse. “Calling crypto the ‘Wild West’ is a farce,�...
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Tesla will restrict gaming feature in its cars following federal probe Electric carmakerTeslaInc will stop allowing video games to be played on vehicle screens while its cars are moving, the US National Highway Traffic Safety Administration said on Thursday.
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Folks often dream of retiring to an island in search of romance, fun, and adventure--and these days you don't have to be a millionaire to enjoy all that island living offers.
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Million-Dollar Song: 'All I Want For Christmas Is You' Keeps Raking It In Nearly three decades after its release, 'All I Want for Christmas Is You' hit No. 1 again, and it has sold more than 10 million copies and been streamed more than 1 billion times on Spotify. So how much money does it mak...
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Pair Like A Pro: This Christmas, Wine and Chinese Food Make A Happy Family From Peking duck to Mapo tofu, wine and Chinese food make a happy family this Christmas.
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Elon Musk and Elizabeth Warren have traded criticisms over taxing the ultra-wealthy. Here are some of the most heated exchanges between the billionaire and the senator. Elon Musk, the richest man in the world, doesn't hold back on Twitter in his exchanges with politicians, especially Sen. Elizabeth Warren.
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