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Business News

Location American Business News for 29 December 2021
Fintech startups in Europe raised $35 billion in 2021. See 22 of the pitch decks they used to land millions from VCs. Fintech and insurance startups in Europe have raised record amounts in 2021 as investor hype around both sectors continues.
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Bitcoin dominance falls under 40%

Coin Telegraph - 29 Dec 2021 07:53
Bitcoin dominance falls under 40% While Bitcoin critics claim this means that BTC is losing its first-mover competitive advantage, others are anticipating the "altcoin season" is just around the corner, or might even be already underway.
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A DoorDash corporate employee vented his grievances in a Blind post titled "Doordash making engineers deliver food."
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New $768 Billion Defense Bill Removes Cryptocurrencies From National Strategy Against Terrorists As of yesterday, President Biden signed a $768 billion defense policy bill into law that signals to the Pentagon critical issues for national security and a whopping $740 billion to the Department of Defense.
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Elon Musk sold another $1 billion worth of Tesla Inc. stock Tuesday, as he closes in on his goal of divesting 10% of his stake in the electric-vehicle maker.
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The ₹300-crore loan at the heart of the RBL Bank mystery Loan was written off within seven months of being sanctioned
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Parents Face Long Waits for Car Seats and Other Baby Items

The New York Times - 29 Dec 2021 18:07
Parents Face Long Waits for Car Seats and Other Baby Items Expectant parents have keenly felt the inconvenience of global shipping delays caused by the pandemic. With a baby due, "it's a different ballgame."
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MOST COMPANIES prefer to talk about corporate social responsibility than to act on such pronouncements. The Uyghur Forced Labour Prevention Act, which President Joe Biden signed into law on December 23rd, is leading many...
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What Brands Can Learn From D2C Trendsetters

Retail Touch Points - 29 Dec 2021 15:26
What Brands Can Learn From D2C Trendsetters D2C as a business model has always been around. We've seen it from the street sellers to the door-to-door salespeople who knew us by name and preferences. In current times, D2C refers to brands selling directly to consum...
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Gold futures traded lower Wednesday morning, slipping back below the $1,800 level that the precious metal has struggled to hold above since November.
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U.K. blue-chip stocks caught up with their global counterparts after a four-day break, with the leading index rising to its highest level in 22 months.
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European stocks briefly traded at a level Wednesday that would represent a record high but couldn't hold the gains heading into the U.S. trading session.
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U.S. Stock Futures Edge Up in Thin Holiday Trading

Wall Street Journal - 29 Dec 2021 14:14
Futures rose as markets look ahead to the new year, with many expecting a continued economic recovery and strong earnings from companies.
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Even if you don't understand the metaverse or ever plan on using it, it could be worth taking a stake.
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Drugmakers Battle Over Patents for Covid-19 Vaccines

Wall Street Journal - 29 Dec 2021 13:30
Drugmakers Battle Over Patents for Covid-19 Vaccines Drug companies are pitted against each other and government and academic scientists over who invented what. Hundreds of millions of dollars are at stake.
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Hong Kong Stocks on Track for Worst Year in a Decade

Wall Street Journal - 29 Dec 2021 13:30
China's regulatory crackdowns have helped to put the city's flagship Hang Seng Index on course for its biggest loss since 2011 and is among the world's worst-performing major markets in 2021.
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Omicron variant fears and work from home guidance slash hospitality sales in crucial festive period Pubs, bars and restaurants missed out on more than £10,000 each in the week leading up to Christmas, figures show, as c...
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Amazon Turnover Presents Organizing Challenge for Expected Alabama Election As organizers prepare for a second unionization election, one of the most significant challenges they face is the possibility that many people employed at the facility now may not be there when the vote is held.
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IPOs' Record Year Ends on Low Note for Most Newcomers

Wall Street Journal - 29 Dec 2021 12:30
After a selloff in high-growth stocks during the waning days of the year, two-thirds of the companies that went public in the U.S. this year are now trading below their IPO prices.
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What if we didn't build a single new building in 2022? Adaptive reuse isn’t just a buzzy phrase. In the Brooklyn neighborhood of Gowanus, a 100-year-old metal foundry has been transformed into a state-of-the-art performing arts center. Dating back to 1901, the old warehou...
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Who Is Winning The Semiconductor Chip Race?

Forbes - 29 Dec 2021 06:20
Who Is Winning The Semiconductor Chip Race? A global semiconductor race takes place between the United States, Europe, and China and this will only intensify in the future.
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Bitcoin and Ethereum Extend Decline, BTT and MIOTA Rally Bitcoin price remained in a bearish zone below the USD 50,000 level. BTC extended decline below the USD 47,500 level before recovering higher. It is currently (04:19 UTC) trading near USD 48,000 and remains at a risk of ...
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