Swiss bank UBS (UBS) revealed on Tuesday that it lost $774 million from last month's implosion of Archegos Capital Management, a bigger hit than many...

Business

CNN: GameStop cashes in on Reddit surge with big stock sale

asianct - April 27, 2021 0

GameStop shares have gone ballistic this year, surging more than 800% thanks to love from Reddit fans betting on a turnaround for the video...

Business

npr: Losing It All: Mobile Home Owners Evicted Over Small Debts During Pandemic

asianct - April 24, 2021 0

It was a pretty brutal holiday season for Barbara Gaught in Billings, Montana. Back in December, just a week before Christmas, she...

Business

npr: What Amazon’s Defeat Of Union Effort Means For The Future Of American Labor

asianct - April 23, 2021 0

A movement to unionize workers at an Amazon warehouse in Bessemer, Ala., was seen as a potential turning point for the American...

Business

CNN: Bitcoin suffers flash crash following week of crypto hype

asianct - April 19, 2021 0

After a hype-filled week for cryptocurrencies, Bitcoin experienced a flash crash over the weekend, plunging nearly 14% in less than an hour,...

Business

CNN: NFTs are suddenly everywhere, but they have some big problems

asianct - April 13, 2021 0

For several weeks, it's been near impossible to exist on the internet without at least hearing a mention of NFTs. Short for non-fungible tokens,...

Business

CNN: Yes, the IRS can tax bitcoin and other cryptocurrencies. What you need to know

asianct - April 12, 2021 0

Even though you can buy things with bitcoin, it's not the same as cash. At least not in the eyes of the IRS. Virtual currencies...

Business

CNN: CEOs vow to fight voting restrictions despite threats from Trump and McConnell

asianct - April 12, 2021 0

Dozens of business leaders held an hour-long brainstorming session over the weekend to discuss ways to fight controversial voting restrictions proposed in...

Business

CNN: ‘The worst’: Tax professionals sound off on the 2020 tax filing season

asianct - April 10, 2021 0

It's very hard to win a game when the rules keep changing as you're playing.That in a nutshell describes what accountants and...

Business

CNN: Jobless claims are on the rise again. But that doesn’t mean the recovery is doomed

asianct - April 8, 2021 0

Claims for unemployment benefits recently fell to a pandemic-era low. But they rose again last week, muddying the picture of the US...

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Business

CNN: No, unemployment benefits aren’t the problem

CNN: Home prices are still going up almost everywhere across the US

CNN: Here’s where Melinda Gates will focus her multi-billion-dollar fortune after her divorce

CNN: The economy is finally booming, but millions of Americans can’t feel it — yet

npr: Oil Spill Reported Off China Coast After Tanker, Bulk Carrier Collide

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