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Business News

Location American Business News for 6 January 2022
Where Are Bitcoin Prices Heading Next After Today's Move Toward $42,000? Bitcoin prices dropped close to 10% today. Where will the cryptocurrency's price go next?
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The organizers of the 2018 Newbo Evolve festival gave away thousands of complimentary tickets so the musicians wouldn't have to perform to half-full crowds
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I grew a multimillion-dollar massage business practicing 'servant leadership' -- here's how it works "Our managers are accountable for their direct reports' happiness and needs," says Rachel Beider, which "creates a warm work environment."
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Rapid COVID-19 tests are reselling for as much as $75 a pack, 3 times more than their normal retail price: report Kroger and Walmart sell BinaxNOW COVID rapid tests for $23.99 and $19.98 respectively, but some test kits are reselling for three times the price.
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The January 6 committee has subpoenaed My Pillow CEO Mike Lindell's phone records. Lindell called the move 'election deflection' and 'a big charade.' "This is an illegal, corrupt subpoena to get my phone records," he told Insider. "I got nothing to hide, but I'm not giving them my records."
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El Salvador Drafts 20 Bills for Legal Structure of Bitcoin Bonds -- Funds to Be Used to Build Bitcoin City, Buy BTC El Salvador is preparing to introduce 20 bills to provide a legal framework for its upcoming bitcoin bonds. The funds raised will be used to build infrastructure for Bitcoin City and buy more bitcoin, the Salvadoran gove...
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Nike sues Lululemon over Mirror Home Gym

New York Post - 6 Jan 2022 02:29
Nike sues Lululemon over Mirror Home Gym Nike on Wednesday filed a lawsuit accusing Lululemon of patent infringement for making and selling the Mirror Home Gym and related mobile apps without authorization.
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How Financial Advisers Get Paid: What the Readers Think

Wall Street Journal - 6 Jan 2022 23:39
An earlier column suggested many retirees might be paying too much. Many investors agreed; financial advisers, not so much.
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Gold futures settle sharply lower Thursday, marking the sharpest daily slump for the precious metal since late November of last year.
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Consumer Demand for Goods Drove Rise in Imports During Holidays The U.S. trade deficit widened to $80.2 billion in November, close to a record high, due to strong demand and an easing of supply-chain issues.
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Jobless Claims Hold Near Historic Lows

Wall Street Journal - 6 Jan 2022 15:45
Jobless Claims Hold Near Historic Lows Initial jobless claims, a proxy for layoffs, totaled a seasonally-adjusted 207,000 last week.
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Walgreens Posts Higher Quarterly Profit, Raises Guidance

Wall Street Journal - 6 Jan 2022 15:10
Walgreens Posts Higher Quarterly Profit, Raises Guidance The drugstore chain logged higher sales for its latest quarter, helped by the ongoing Covid-19 vaccination campaign and strong demand for at-home tests.
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Vietnam Resorts Harnessing The Sun To Attract Tourists In recent years, Vietnam has embraced renewal energy sources, particularly solar, and now its important tourism sector looks set to do the same to reduce carbon emissions and attract guests looking for more sustainable t...
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The walkout, involving about half a dozen employees, is planned to last the rest of the week.
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Chicago Shutters Schools For 2nd Day Amid Covid-Driven Standoff With Teachers' Union The teacher's union voted Tuesday to stay home amid a rise in Covid-19 cases, a decision the city framed as an "illegal work stoppage."
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Nike Inc. filed a lawsuit alleging Lululemon Athletica Inc.'s Mirror home-fitness device and applications infringe on the sneaker company's portfolio of patents.
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Vietnamese Car Maker VinFast Accelerates Electric Vehicle Push On Thursday, VinFast, a rather obscure automaker from Vietnam, revealed three new electric vehicle models at this year's CES in Las Vegas, the world's largest tech trade show. The move comes less than two months after th...
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Forever 21 owner Authentic Brands withdraws IPO plans Apparel chain operatorAuthenticBrands on Wednesday withdrew its plans for an initial public offering in the United States, according to its filing with the securities regulator. The company did not give a reason for shel...
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Man Swiped Unpublished Novels In Online Scam, FBI Alleges Filippo Bernardini fraudulently obtained a Pulitzer-winning author's manuscript by posing as a well-known editor, the Department of Justice alleges.
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Nexon has invested $400 million in AGBO, a film and entertainment company created by Avengers directors Anthony and Joe Russo.
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3 reasons why Cosmos (ATOM) price is near a new all-time high Newly launched cross-chain bridges to Ethereum and the upcoming Theta upgrade are expanding the Cosmos ecosystem and potential catalysts of ATOM's recent 75% gain.
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See what Nancy Pelosi, Lindsey Graham, Stacey Abrams, Mitt Romney and other politicians say on the one-year anniversary of the insurrection at the U.S. Capitol
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