Talking Biz News Today — Feb 18, 2021
Some of Thursday’s top business news stories: Associated Press In shock move, Facebook blocks news access in Australia, by Rod McGuirck US retail sales jumps 5.3%, thanks to $600 stimulus checks, by Joseph Pisani CNN Winter storm continues to hammer businesses, by Chris Isidore Black franchise owner sues McDonald’s for alleged race discrimination, by Danielle […]
Talking Biz News Today — Feb. 17, 2021
Some of Wednesday’s top business news stories: Associated Press Cost of a single Bitcoin exceeds $50,000 for first time, by Matt Ott GameStop’s saga may be over; its effect on Wall Street isn’t, by Stan Choe, Alex Veiga CNN Texas produces more power than any other state. Here’s why it went dark anyway, by Matt […]
Bitcoin tops $50,000
Bitcoin has jumped over $50,000 for the first time since its creation. CNBC’s Ryan Browne reported: Bitcoin’s price broke above $50,000 for the first time in history Tuesday, continuing its blistering rally as major companies appear to be warming to cryptocurrencies. The world’s largest digital currency by market value rose more than 3% to an […]
Talking Biz News Today — Feb. 16, 2021
Some of Tuesday’s top business news stories: Associated Press Vaccine delays leave grocery workers feeling expendable, by Alexandra Olson, Dee-Ann Durbin, Anne D’Innocenzio WHO authorizes AstraZeneca’s COVID vaccine for emergency use, by Maria Cheng CNN US oil rises above $60 as Texas gets pummeled with ice and snow, by David Goldman Parler comes back online […]
Talking Biz News Today — Feb. 15, 2021
Some of Monday’s top business news stories: Associated Press Virus-muffled Mardi Gras hits New Orleans’ party-loving soul, by Kevin McGill, Rebecca Santana, Janet McConnaughey Interior postpones March oil leases onshore and offshore, by Janet McConnaughey CNN GM unveils its next ‘big’ electric vehicle: The tiny Bolt EUV, by Chris Isidore Bitcoin soars, nearing $50,000 for […]
Streaming service pushes Disney to surprise profit for Q1
Disney reported a surprising profit for the last quarter of 2020–and its first fiscal one–driven by millions in new Disney+ subscriptions. Jon Swartz from MarketWatch reported: Walt Disney Co.’s streaming service, Disney+, proved again to be a big plus during a pandemic that has all but shuttered the Magic Kingdom’s other businesses. And that had […]
Talking Biz News Today — Feb. 12, 2021
Some of Friday’s top business news stories: Associated Press Autoworkers face uncertain future in an era of electric cars, by Tom Krisher, John Seewer Budget office expects $2.3T deficit before Biden relief plan, by Josh Boak CNN Bitcoin’s big moment: Mastercard jumps on the bandwagon, by Chris Isidore Shell says its oil production has peaked […]
Talking Biz News Today — Feb. 11, 2021
Some of Thursday’s top business news stories: Associated Press GOP attacks Dems’ $1.9T COVID-19 relief bill from all angles, by Alan Fram, Ricardo Alonso-Zaldivar, Kevin Freking Taxing time: How the pandemic will affect filing your taxes, by Sarah Skidmore Sell CNN Uber lost $6.8 billion in 2020, by Sara Ashley O’Brien SpaceX just got a […]
Talking Biz News Today — Feb. 10, 2021
Some of Wednesday’s top business news stories: Salesforce won’t force workers to go into office post-COVID, by Barbara Ortutay Dem Sen. Manchin asks Biden to reverse Keystone XL rejection, by Matthew Daly CNN Unpaid rent is piling up. Landlords can’t hold on forever, by Anna Bahney Delta CEO blasts Biden proposal to require Covid tests […]
Tesla bitcoin purchase sends crypto soaring
Tesla has purchased $1.5 billion worth of bitcoin causing a surge in the price of the cryptocurrency. The Wall Street Journal’s Caitlin Ostroff and Rebecca Elliott reported: Tesla Inc. TSLA 1.31% said Monday that it bought $1.5 billion in bitcoin, a disclosure that follows Chief Executive Elon Musk’s promotion of the cryptocurrency and other digital-currency […]
