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New York
Monday, March 8, 2021
JPMorgan is investing in California startup, Zanbato.  Some investors are more familiar with the fintech platform as ZX, and since its launching in 2016, Zanbato has grown to have over 100 brokers and bankers as some of its members.  Even though Morgan is the largest U.S. bank...
The mobile payments startup firm, Square, announced that it has bought around 3,318 bitcoins, increasing its 2020 purchase of more than 4,700 bitcoins. The original purchase was made in October 2020. In its fourth-quarter report, Square announced that it had purchased $170 million worth...
During a week of historic snow and ice and record low freezing temperatures, the Texas power grid failed and left millions in the dark to fend for themselves. The winter storm wreaked havoc on the state and was responsible for one of the worst blackouts Texas has...
Lumber prices per 1,000 board feet have doubled over the past three months, making it more expensive to build the single-family housing that’s desperately needed. March’s Random Length Lumber Futures showed prices at $1,004.90 per 1,000 board feet on Thursday. It was the first...
Wells Fargo shares were higher on Wednesday and Thursday after the Federal Reserve announced its approval of Wells Fargo’s proposal in  overhauling its governance functions, a step previously required to release the financial services company from regulatory restrictions. The bank is limited to having...
Eavor Technologies, a Canadian geothermal startup, announced a $40 million funding round this week, and big oil is getting onboard. Chevron’s Technology Ventures and BP Ventures are some of the startup's backers as oil corporations increase their renewable energy space investments. Eavor said it...
Bitcoin surged past $50,000 on Tuesday morning, yet another record high for the original cryptocurrency. It marked the first time the digital coin had traded over $50,000. Bitcoin is the largest digital currency worldwide, and its market value rose over 3 percent on Tuesday, while the coin...
Oil reached a pandemic high on Monday, with WTI crude futures rising 62 cents a barrel, or one percent, settling at $60.09 per barrel. Earlier in the rally, it had reached $60.77 a barrel, a level not seen since January 2020 during pre-pandemic days.
Learjet, the aircraft that was once revered by big-named celebrities such as Frank Sinatra, is putting an end to its production line. Canadian jet manufacturer Bombardier announced on Thursday that it would focus more attention on its Challenger and Global aircraft, which are seeing more profit. Bombardier...
In what is the latest round of layoffs, Charles Schwab announced on Wednesday that it would be letting go nearly 200 more workers as it merges with TD Ameritrade and integrates its workforces. Last October, Schwab laid off 1,000 of its workers. Most of the laid-off workers...