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Business News

Location American Business News for 1 January 2022
Gold Bug Peter Schiff Claims Bitcoin's Yearly Gain of 60% Was Achieved in First 5 Weeks of the Year Gold bug Peter Schiff has claimed that though bitcoin went up by 60% during the past twelve months, most of these gains were achieved during the first five weeks of the year in 2021. He insists that the majority of those...
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Canadian Regulator Insists Binance Is Unauthorized, Calls the Crypto Exchange's Letter to Users 'Unacceptable' The Ontario Securities Commission (OSC) claims that Binance has rescinded its commitment to comply with previously agreed requirements. The crypto exchange told the regulator that there would be no new transactions invol...
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This New Year, Resolve to Take a WSJ Challenge

Wall Street Journal - 1 Jan 2022 12:00
Sign up for one of our email challenges to start your year.
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Gibraltar Stock Exchange Receives Purchase Proposal by Blockchain Firm The stock exchange of Gibraltar, a British territory, has received a purchase offer by a blockchain firm called Valereum. The purchase, that is set to occur in the new year, if effective, might make the Gibraltar Stock E...
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The stock market's rally through 2021 blew Wall Street's forecasts out of the water The S&P 500 closed at 4,766.18 on Friday, capping a 27% rally through 2021. That thrashed even the most bullish analyst target from December 2020.
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S&P 500 Notches 70 All-Time Highs In Biden's First Year The stock market Indexes had a very good year with the S&P 500 leading the way increasing 27% with 70 all-time highs during the year.
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3 reasons why the Omicron variant will hurt the economy less than past waves, according to JPMorgan Omicron brought new risks to the world economy, but its rapid spread and reduced severity mean it probably won't derail the recovery, JPMorgan said.
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Bitcoin has plunged 32% from its all-time high this year. But investors can take advantage of a tax loophole while they wait for the cryptocurrency's comeback. Unlike securities, the wash sale rules don't apply to crypto. This means investors could sell at a loss, offset capital gains, and remain in the game.
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A proposed restructuring for the U.S. territory would end defined-benefit retirement programs covering tens of thousands of active teachers and judges.
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Ex-Head of Crypto Exchange Wex Released in Poland

Bitcoin.com - 1 Jan 2022 15:30
Ex-Head of Crypto Exchange Wex Released in Poland Former chief executive of the Russian cryptocurrency exchange Wex, Dmitry Vasiliev, has been released from arrest in Warsaw earlier this month. The ex-head of the now-defunct coin trading platform has since returned to R...
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Headaches and Backlogs Loom as Tax Filing Season Nears Again

Wall Street Journal - 1 Jan 2022 15:00
Headaches and Backlogs Loom as Tax Filing Season Nears Again The mid-April deadline is returning as the Internal Revenue Service tries to whittle down piles of paperwork.
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Warren Buffett's annual salary has been $100,000 for 40 years. Here's a look at the billionaire investor's unique compensation. Berkshire Hathaway spends three times Buffett's salary on his personal and home security each year, or $4.4 million since 2008.
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Red-Hot Housing Market Fuels Mortgage Borrowing Record

Wall Street Journal - 1 Jan 2022 12:30
Mortgage lenders issued $1.61 trillion in purchase loans in 2021, beating a record set in 2005, as a wave of Americans entered the housing market or sought larger homes.
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Future Trends Of Chinese Brands Going Overseas in 2022 For anyone who is familiar with China's cross-border market, it is noticeable that many Chinese brands are taking their e-commerce products globally.
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Univision's Ill-Fated Cable Net Fusion Ceases Operations Univision has pulled the plug on Fusion TV, the cable network it initially conceptualized as an English-language news and lifestyle channel targeting millennial Latinos.
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You Never See Boarded Up Towns In Zero Income Tax States Investment is too strong for real estate to go to waste
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Bitcoin price fell short of analysts' $100K target, but what about 2022? After this year's monster rally, Bitcoin's price is at a critical juncture. Analysts expect $100,000 in 2022, but what does technical analysis suggest?
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The United States Economy In 2022: All Eyes On Inflation If socialism fails because you eventually run out of other people's money, Keynesianism fails when the benefits of easy money have reached their limit.
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How Indian Artisans Helped A British Furniture Business Hit $10 Million In Sales From small beginnings, a unique linear international supply chain supporting an ecosystem of hundreds of craftsmen has created a novel platform for growth. Now change is coming as expansion beckons.
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JPMorgan and Citigroup push back return to office as Omicron cases surge Both banks are postponing their return to office, according to memos sent to employees.
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2 Mirrored, Copycat Bored Ape NFT Projects Cause Copyright Infringement Controversy In the midst of the hype surrounding the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collectibles, two NFT projects have appeared offering near-identical or mirrored versions of the original BAYC NFTs. The NFT m...
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The #1 Venture Hurdle In 2022 And 5 Ways To Beat It! The #1 hurdle for entrepreneurs in 2022 will be inflation. A 1% rise in the interest rate will increase the annual federal deficit by about $270 billion. The government will be a key competitor for funds available, which...
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