BUSINESS ARTICLES

M1 Money Stock
Jan 2021: |Billions of Dollars ||Updated:Observation: Jan 2021: 18,105.4 Dec 2020: 17,776.2 Nov 2020: 17,643.9 Oct 2020: 17,368.4 Sep 2020: 17,194.0 Units:Frequency:Data in this graph are copyrighted. Please review the copyright information in the before sharing.Share Account NOTESSource: Release: Units: Frequency: Before May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and...…Jan 2021: |Billions of Dollars ||Updated:Observation: Jan 2021: 18,105.4 Dec 2020: 17,776.2 Nov 2020: 17,643.9 Oct 2020: 17,368.4 Sep 2020: 17,194.0 Units:Frequency:Data in this graph are copyrighted. Please review the copyright information in the before sharing.Share Account NOTESSource: Release: Units: Frequency: Before May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, the U.S. government, and foreign banks and...WW…
Americans Are Sitting On a Lot of Spare Cash. It May Not Boost Growth as Much as You’d Think.
Next:ShareThis copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.https://www.barrons.com/articles/americans-are-sitting-on-a-lot-of-spare-cash-it-may-not-boost-growth-as-much-as-youd-think-51614366901Staying home and getting checks from the government has done wonders for the average American’s balance sheet. Since the pandemic began, the combination of lower consumer spending on services and $1.2 trillion of government income support has helped consumers save about...…Next:ShareThis copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.https://www.barrons.com/articles/americans-are-sitting-on-a-lot-of-spare-cash-it-may-not-boost-growth-as-much-as-youd-think-51614366901Staying home and getting checks from the government has done wonders for the average American’s balance sheet. Since the pandemic began, the combination of lower consumer spending on services and $1.2 trillion of government income support has helped consumers save about...WW…

The Oil Industry Today: We May Need More Oil Than We Can Produce
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Best Buy lays off 5,000 workers and plans to close more stores
Welcome, Your AccountLog OutBy Nathaniel Meyersohn, CNN Business PHILADELPHIA -- Best Buy said Thursday that it laid off 5,000 workers this month and is planning to close more stores this year as more consumers buy electronics online.The news comes at a time when big chains face growing competition from Amazon and other sites that sell items like TVs and laptops. Fry's Electronics said Wednesday that it would abruptly close all of its stores overnight, ending nearly four-decades in business.Best Buy expects 40% of its sales to come from online purchases this year, up from 19% two years ago,...…Welcome, Your AccountLog OutBy Nathaniel Meyersohn, CNN Business PHILADELPHIA -- Best Buy said Thursday that it laid off 5,000 workers this month and is planning to close more stores this year as more consumers buy electronics online.The news comes at a time when big chains face growing competition from Amazon and other sites that sell items like TVs and laptops. Fry's Electronics said Wednesday that it would abruptly close all of its stores overnight, ending nearly four-decades in business.Best Buy expects 40% of its sales to come from online purchases this year, up from 19% two years ago,...WW…

Decentralized Finance: On Blockchain- and Smart Contract-Based Financial Markets | St. Louis Fed
Publications / ReviewPosted 2021-02-05The term decentralized finance (DeFi) refers to an alternative financial infrastructure built on top of the Ethereum blockchain. DeFi uses smart contracts to create protocols that replicate existing financial services in a more open, interoperable, and transparent way. This article highlights opportunities and potential risks of the DeFi ecosystem. I propose a multi-layered framework to analyze the implicit architecture and the various DeFi building blocks, including token standards, decentralized exchanges, decentralized debt markets, blockchain...…Publications / ReviewPosted 2021-02-05The term decentralized finance (DeFi) refers to an alternative financial infrastructure built on top of the Ethereum blockchain. DeFi uses smart contracts to create protocols that replicate existing financial services in a more open, interoperable, and transparent way. This article highlights opportunities and potential risks of the DeFi ecosystem. I propose a multi-layered framework to analyze the implicit architecture and the various DeFi building blocks, including token standards, decentralized exchanges, decentralized debt markets, blockchain...WW…

Some families could get more than $14,000 in new Covid relief. It's looking more and more like universal basic income
Key PointsAs Congress works to finalize its latest coronavirus relief bill, some American families are poised to receive a financial windfall.Between new $1,400 stimulus checks and an enhanced child tax credit, that could add up to more than $14,000 for some families."All of the focus has been on the $1,400 when, in reality, for a family of four, they should be focused on the $14,000," said Ed Mills, Washington policy analyst at Raymond James. Mills about the potential income boost this week.The new stimulus checks would provide $1,400 per person, including child and adult dependents.More...…Key PointsAs Congress works to finalize its latest coronavirus relief bill, some American families are poised to receive a financial windfall.Between new $1,400 stimulus checks and an enhanced child tax credit, that could add up to more than $14,000 for some families."All of the focus has been on the $1,400 when, in reality, for a family of four, they should be focused on the $14,000," said Ed Mills, Washington policy analyst at Raymond James. Mills about the potential income boost this week.The new stimulus checks would provide $1,400 per person, including child and adult dependents.More...WW…
House Passes Biden’s $1.9T Stimulus Plan—Without a Single GOP Vote in Favor
Democrats are one big step closer to achieving their first major goal of the Joe Biden era: Early Saturday morning, the U.S. House approved a $1.9 trillion coronavirus relief bill on a nearly party-line vote.The 219-212 vote allows the U.S. Senate to formally take up the legislation, which Senate Majority Leader Chuck Schumer (D-NY) intends to do immediately. But the party is under the gun: many Democrats regard March 14—the day that extended unemployment benefits run out for millions—as a de facto deadline for getting the so-called American Rescue Plan on Biden’s desk.The legislation would...…Democrats are one big step closer to achieving their first major goal of the Joe Biden era: Early Saturday morning, the U.S. House approved a $1.9 trillion coronavirus relief bill on a nearly party-line vote.The 219-212 vote allows the U.S. Senate to formally take up the legislation, which Senate Majority Leader Chuck Schumer (D-NY) intends to do immediately. But the party is under the gun: many Democrats regard March 14—the day that extended unemployment benefits run out for millions—as a de facto deadline for getting the so-called American Rescue Plan on Biden’s desk.The legislation would...WW…

How Steve Jobs Embraced His Biggest Failure | by Francesco Joseph | ILLUMINATION | Feb, 2021 | Medium
When Uber CEO Travis Kalanick was ousted to step down from his company, he told them he will just be “” meaning he plans on returning to his company as president, just like Steve Jobs. However, when Steve Jobs left Apple in 1985 his return was not as easy and simple as Travis would put it.In 1985 Steve Jobs’ life changed dramatically, he went from being the tech-savvy CEO of Apple to a middle-aged unemployed businessman. After 10 years of doing the only job he knew, Steve was faced with a midlife crisis. Unlike most people, Steve took this failure as an opportunity to embrace.Thanks to the...…When Uber CEO Travis Kalanick was ousted to step down from his company, he told them he will just be “” meaning he plans on returning to his company as president, just like Steve Jobs. However, when Steve Jobs left Apple in 1985 his return was not as easy and simple as Travis would put it.In 1985 Steve Jobs’ life changed dramatically, he went from being the tech-savvy CEO of Apple to a middle-aged unemployed businessman. After 10 years of doing the only job he knew, Steve was faced with a midlife crisis. Unlike most people, Steve took this failure as an opportunity to embrace.Thanks to the...WW…

Copper surges above US$9,000 as shortfall concern spurs rally - BNN Bloomberg
{{ currentStream.Desc }}Continuous Play:The information you requested is not available at this time, please check back again soon.Copper rose above US$9,000 a metric ton for the first time in nine years, taking another step closer to an all-time high set in 2011 as investors bet that supply tightness will increase as the world recovers from the pandemic.Copper is surging amid a broad rally in commodities from iron ore to nickel, while oil has gained more than 20 per cent this year. The bellwether industrial metal has doubled since a nadir in March, boosted by rapidly tightening physical...…{{ currentStream.Desc }}Continuous Play:The information you requested is not available at this time, please check back again soon.Copper rose above US$9,000 a metric ton for the first time in nine years, taking another step closer to an all-time high set in 2011 as investors bet that supply tightness will increase as the world recovers from the pandemic.Copper is surging amid a broad rally in commodities from iron ore to nickel, while oil has gained more than 20 per cent this year. The bellwether industrial metal has doubled since a nadir in March, boosted by rapidly tightening physical...WW…

Quick Research on AI (Part 2 of 3): 17 AI acquisitions | by Muieen Cader | Feb, 2021 | Medium
Having discovered that AI has been hot for returns garnering a total return of 1,567.9% to Series A investors, today we look at a few of the acquisitions and dive a bit deeper into them. As seen on the left there has been a large uptick in the acquisitions of AI related startups recently.Today’s post looks at what the most valuable M&As in the AI space have been, what those companies did, who invested in them, what the returns look likedThe top three acqusitions by value amount were either publicly listed companies or existing subsidiaries of a publicly listed company. Startups are in...…Having discovered that AI has been hot for returns garnering a total return of 1,567.9% to Series A investors, today we look at a few of the acquisitions and dive a bit deeper into them. As seen on the left there has been a large uptick in the acquisitions of AI related startups recently.Today’s post looks at what the most valuable M&As in the AI space have been, what those companies did, who invested in them, what the returns look likedThe top three acqusitions by value amount were either publicly listed companies or existing subsidiaries of a publicly listed company. Startups are in...WW…

Elon Musk confirms Tesla plant closure amid stock slide
‘Tesla Daily’ host Rob Maurer discusses how the electric vehicle company aims to build 1.5 million vehicles per year through their battery production.Tesla CEO confirmed Thursday night that the automaker's Fremont, Calif., factory had shut down for two days this week due to a parts supply issue, but was back up and running.Musk was responding to a Twitter follower asking for an update after that the Model 3 production line at the plant would be closed for two weeks.Tesla shares fell 8% on Thursday and were down in pre-market trading Friday. Earlier this week the stock entered a bear market,...…‘Tesla Daily’ host Rob Maurer discusses how the electric vehicle company aims to build 1.5 million vehicles per year through their battery production.Tesla CEO confirmed Thursday night that the automaker's Fremont, Calif., factory had shut down for two days this week due to a parts supply issue, but was back up and running.Musk was responding to a Twitter follower asking for an update after that the Model 3 production line at the plant would be closed for two weeks.Tesla shares fell 8% on Thursday and were down in pre-market trading Friday. Earlier this week the stock entered a bear market,...WW…

U.S. 30-Year Mortgage Rates Hit The Highest Since August - Christophe Barraud
US 30-year mortgage rates rose for the second straight week. According to , the 30-year fixed-rate mortgage averaged 2.97 percent for the week ending February 25, 2021 (highest level since August 2020), up from last week when . A year ago at this time, the 30-year FRM averaged 3.45 percent. Over the same period, the report also showed the 15-year fixed-rate mortgage averaged 2.34 percent (highest level since November 2020), up from last week when it averaged 2.21 percent. A year ago at this time, the 15-year FRM averaged 2.95 percent. In this context, noted “Though rates continue to...… US 30-year mortgage rates rose for the second straight week. According to , the 30-year fixed-rate mortgage averaged 2.97 percent for the week ending February 25, 2021 (highest level since August 2020), up from last week when . A year ago at this time, the 30-year FRM averaged 3.45 percent. Over the same period, the report also showed the 15-year fixed-rate mortgage averaged 2.34 percent (highest level since November 2020), up from last week when it averaged 2.21 percent. A year ago at this time, the 15-year FRM averaged 2.95 percent. In this context, noted “Though rates continue to...WW…

German Shoe Maker Birkenstock Sells To Private Equity Firm L Catterton
ShareShareThe latest privately-held company to tap into the boom of mergers with special-purpose acquisition companies as a route towards the public markets is Parallel , a cannabis company founded by an heir to the Wrigley chewing gum fortune. Parallel will merge with Ceres Acquisition Corp , a SPAC traded on the Canadian stock market that's backed by entertainment mogul Scooter Braun. Ceres Acquisition Corp trades on the Canadian NEO stock exchange under the ticker symbol "CERE.U". Through its merger, Parallel will get $120 million in cash held in trust by Ceres Acquisition Corp and...…ShareShareThe latest privately-held company to tap into the boom of mergers with special-purpose acquisition companies as a route towards the public markets is Parallel , a cannabis company founded by an heir to the Wrigley chewing gum fortune. Parallel will merge with Ceres Acquisition Corp , a SPAC traded on the Canadian stock market that's backed by entertainment mogul Scooter Braun. Ceres Acquisition Corp trades on the Canadian NEO stock exchange under the ticker symbol "CERE.U". Through its merger, Parallel will get $120 million in cash held in trust by Ceres Acquisition Corp and...WW…
Munger: A little inequality is good for the economy
Read full articleInvesting icon Charlie Munger, Berkshire Hathaway's (, ) vice-chairman and Warren Buffett's long-time business partner, says wealth inequality is "the inevitable consequence" of policies that make a nation grow richer and elevate the poor."I think that to some extent, the complaint about the rich getting richer as the as a result of the COVID panic, I think that's a misplaced concern. Nobody was trying to make the rich richer. We were trying to save the whole economy under terrible conditions. And I think, by and large, we made the most practical decisions that were...…Read full articleInvesting icon Charlie Munger, Berkshire Hathaway's (, ) vice-chairman and Warren Buffett's long-time business partner, says wealth inequality is "the inevitable consequence" of policies that make a nation grow richer and elevate the poor."I think that to some extent, the complaint about the rich getting richer as the as a result of the COVID panic, I think that's a misplaced concern. Nobody was trying to make the rich richer. We were trying to save the whole economy under terrible conditions. And I think, by and large, we made the most practical decisions that were...WW…

Top Countries by Employment in Industry - 1990/2019 - Statistics and Data
, , , , , , The percentage of people in the world working in the Industry field in 2019 is 23.08%. This vuold mean that if we take 100 workers at random it is likely that 23 of them work in the field of Industry. Basically almost 1/4 of all workers work in this sector. But which nations in the world have the highest percentage of workers in this field? How has the Industira data evolved over time? We look at that in today’s article: Top Countries by Employment in Industry – 1990/2019.Let’s start by going into detail right away. Later on, we’ll look at the global data instead. In 2019, the...…, , , , , , The percentage of people in the world working in the Industry field in 2019 is 23.08%. This vuold mean that if we take 100 workers at random it is likely that 23 of them work in the field of Industry. Basically almost 1/4 of all workers work in this sector. But which nations in the world have the highest percentage of workers in this field? How has the Industira data evolved over time? We look at that in today’s article: Top Countries by Employment in Industry – 1990/2019.Let’s start by going into detail right away. Later on, we’ll look at the global data instead. In 2019, the...WW…

$4,100 “mini electric car” surpasses Tesla in sales in China - Digest Time
February 2021MTWTFSS1234562728Since the opening of its “Gigafactory” in Shanghai, has been an absolute leader in electric car sales in China. But the scenario changed in January thanks to a mini car of just $4.100, the Wuling Hongguang MINI EV.The compact is the result of a joint venture between the Chinese automaker SAIC and the American General Motors. According to data from the portal specialized in , Electrek, the Wuling Hongguang MINI EV sold more than 36,000 units, against 13,000 Model 3 and 1,600 Model Y vehicles, both from Tesla.Via pushevs.comHowever, when considering the entire...…February 2021MTWTFSS1234562728Since the opening of its “Gigafactory” in Shanghai, has been an absolute leader in electric car sales in China. But the scenario changed in January thanks to a mini car of just $4.100, the Wuling Hongguang MINI EV.The compact is the result of a joint venture between the Chinese automaker SAIC and the American General Motors. According to data from the portal specialized in , Electrek, the Wuling Hongguang MINI EV sold more than 36,000 units, against 13,000 Model 3 and 1,600 Model Y vehicles, both from Tesla.Via pushevs.comHowever, when considering the entire...WW…

Make Sure Your Business Has An Email Marketing Plan in 2021!
6/recent/ticker-postsGone are the days when businesses had to send out flyers to mass markets or have them …3/random/post-list3/Sports/post-listCrafted with by | Distributed by…6/recent/ticker-postsGone are the days when businesses had to send out flyers to mass markets or have them …3/random/post-list3/Sports/post-listCrafted with by | Distributed byWW…

Forest Road SPAC With Former Disney Execs Kevin Mayer, Tom Staggs Buying Digital Fitness Group Beachbody
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$15 minimum wage won’t make it into Biden’s $1.9 trillion COVID relief package — but lawmakers have other options
Democratic lawmakers pushing to increase the federal minimum wage to $15 an hour were elated when President Joe Biden included it in his $1.9 trillion stimulus proposal. They hoped the urgency to pass a third COVID-19 relief package would fast-track a decades-long standstill on raising the minimum wage. But that may have been wishful thinking: Senate parliamentarian Elizabeth MacDonough on Thursday ruled against passing minimum-wage legislation through the budget-reconciliation process, a Senate Democratic aide confirmed late Thursday.Read: Since Democrats and Republicans are split 50-50 in...…Democratic lawmakers pushing to increase the federal minimum wage to $15 an hour were elated when President Joe Biden included it in his $1.9 trillion stimulus proposal. They hoped the urgency to pass a third COVID-19 relief package would fast-track a decades-long standstill on raising the minimum wage. But that may have been wishful thinking: Senate parliamentarian Elizabeth MacDonough on Thursday ruled against passing minimum-wage legislation through the budget-reconciliation process, a Senate Democratic aide confirmed late Thursday.Read: Since Democrats and Republicans are split 50-50 in...WW…

Nikola admits ousted chairman misled investors as legal costs mount
Key PointsEmbattled electric truck start-up has admitted its ousted founder and chairman, Trevor Milton, made several inaccurate statements from 2016 through the company's IPO last year that misled investors.The company highlighted nine comments by Milton from July 2016 through July 2020 that were "inaccurate in whole or in part, when made," according to its annual filing Thursday to the Securities and Exchange Commission.Milton left Nikola in September following fraud claims by short seller Hindenburg Research that prompted federal inquiries. Milton and the company previously denied many...…Key PointsEmbattled electric truck start-up has admitted its ousted founder and chairman, Trevor Milton, made several inaccurate statements from 2016 through the company's IPO last year that misled investors.The company highlighted nine comments by Milton from July 2016 through July 2020 that were "inaccurate in whole or in part, when made," according to its annual filing Thursday to the Securities and Exchange Commission.Milton left Nikola in September following fraud claims by short seller Hindenburg Research that prompted federal inquiries. Milton and the company previously denied many...WW…
U.S. extends jobless benefits eligibility to workers worried about COVID-19 safety
By WASHINGTON (Reuters) - Jobless Americans booted from state unemployment insurance programs for refusing to work or accept a job offer because of fears of contracting COVID-19 are now eligible for government-funded assistance, the U.S. Labor Department said on Thursday.The new guidance to states followed a request by President Joe Biden last month for the department to consider clarifying that workers have a federally guaranteed right to decline employment that would jeopardize their health and still qualify for unemployment insurance.“Until now, many workers have faced a devil’s bargain,...…By WASHINGTON (Reuters) - Jobless Americans booted from state unemployment insurance programs for refusing to work or accept a job offer because of fears of contracting COVID-19 are now eligible for government-funded assistance, the U.S. Labor Department said on Thursday.The new guidance to states followed a request by President Joe Biden last month for the department to consider clarifying that workers have a federally guaranteed right to decline employment that would jeopardize their health and still qualify for unemployment insurance.“Until now, many workers have faced a devil’s bargain,...WW…

Bitcoin is recording a sharp decline of More than 10%
Read More About Bitcoin:3/random/post-listCrafted with by…Read More About Bitcoin:3/random/post-listCrafted with byWW…

Twitter Aims To Double Annual Sales By 2023 End
ShareShareThe latest privately-held company to tap into the boom of mergers with special-purpose acquisition companies as a route towards the public markets is Parallel , a cannabis company founded by an heir to the Wrigley chewing gum fortune. Parallel will merge with Ceres Acquisition Corp , a SPAC traded on the Canadian stock market that's backed by entertainment mogul Scooter Braun. Ceres Acquisition Corp trades on the Canadian NEO stock exchange under the ticker symbol "CERE.U". Through its merger, Parallel will get $120 million in cash held in trust by Ceres Acquisition Corp and...…ShareShareThe latest privately-held company to tap into the boom of mergers with special-purpose acquisition companies as a route towards the public markets is Parallel , a cannabis company founded by an heir to the Wrigley chewing gum fortune. Parallel will merge with Ceres Acquisition Corp , a SPAC traded on the Canadian stock market that's backed by entertainment mogul Scooter Braun. Ceres Acquisition Corp trades on the Canadian NEO stock exchange under the ticker symbol "CERE.U". Through its merger, Parallel will get $120 million in cash held in trust by Ceres Acquisition Corp and...WW…

Cloud Platform DigitalOcean Unveils S-1 Filing For An IPO
DigitalOceanShareShareThe latest privately-held company to tap into the boom of mergers with special-purpose acquisition companies as a route towards the public markets is Parallel , a cannabis company founded by an heir to the Wrigley chewing gum fortune. Parallel will merge with Ceres Acquisition Corp , a SPAC traded on the Canadian stock market that's backed by entertainment mogul Scooter Braun. Ceres Acquisition Corp trades on the Canadian NEO stock exchange under the ticker symbol "CERE.U". Through its merger, Parallel will get $120 million in cash held in trust by Ceres Acquisition...…DigitalOceanShareShareThe latest privately-held company to tap into the boom of mergers with special-purpose acquisition companies as a route towards the public markets is Parallel , a cannabis company founded by an heir to the Wrigley chewing gum fortune. Parallel will merge with Ceres Acquisition Corp , a SPAC traded on the Canadian stock market that's backed by entertainment mogul Scooter Braun. Ceres Acquisition Corp trades on the Canadian NEO stock exchange under the ticker symbol "CERE.U". Through its merger, Parallel will get $120 million in cash held in trust by Ceres Acquisition...WW…

Costco To Raise Minimum Wage To $16 An Hour: 'This Isn't Altruism'
Costco To Raise Minimum Wage To $16 An Hour Next week's pay increase would put Costco ahead of much of the industry. CEO W. Craig Jelinek said higher pay reduces turnover and boosts productivity.Costco plans to edge up its starting wage to $16 an hour starting next week, CEO W. Craig Jelinek said on Thursday, revealing plans that would propel his company ahead of most of its retail competitors. Costco raised its starting pay to $15 per hour in 2019. More than half of Costco's hourly workers in the U.S. are paid above $25, Jelinek told the Senate Budget Committee duringon pay at large retail...…Costco To Raise Minimum Wage To $16 An Hour Next week's pay increase would put Costco ahead of much of the industry. CEO W. Craig Jelinek said higher pay reduces turnover and boosts productivity.Costco plans to edge up its starting wage to $16 an hour starting next week, CEO W. Craig Jelinek said on Thursday, revealing plans that would propel his company ahead of most of its retail competitors. Costco raised its starting pay to $15 per hour in 2019. More than half of Costco's hourly workers in the U.S. are paid above $25, Jelinek told the Senate Budget Committee duringon pay at large retail...WW…
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