Business News

(Reuters) — MicroStrategy Inc, a major bitcoin corporate backer, said on Monday its non-employee directors will get fees for their services in bitcoin, instead of cash. Shares of the world’s largest publicly traded business intelligence company were up nearly 4% at $738 in premarket trade. Bitcoin,…

WASHINGTON (Reuters) — President Joe Biden’s interim regulators are wasting no time unraveling Wall Street-friendly measures introduced under former Republican President Donald Trump, using quick-fix legal tactics. They have spiked or stalled more than a dozen contentious Trump-era measures that cr…

(Reuters) — Amazon.com Inc’s fierce resistance to unionization, skepticism among workers that organizing could get them a better deal and decisions on election parameters all contributed to the apparently lopsided defeat of a labor drive at the company’s warehouse in Bessemer, Alabama, people close…

BEIJING/HONG KONG (Reuters) — China’s competition watchdog is adding staff and other resources as it ramps up efforts to crack down on anti-competitive behavior, especially among the country’s powerful companies, people with knowledge of the matter told Reuters. Beijing’s plan to bulk up the State …

PAGO PAGO (RNZ Pacific/Pacnews) — The American Samoa government is working with StarKist Samoa to ease the critical worker shortage at the cannery. Starkist is the territory’s largest private employer, and the worker shortage is impacting the company’s ability to keep up with global dem…

(UA) — United Airlines announced Thursday that its April and May schedule to support Guam’s plan to reopen tourism on May 1. The schedule will include the following routes: • Guam to Honolulu – daily service • Guam to Tokyo/Narita – daily service • Guam to Saipan – four flights weekly (…

WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but the increase likely understates the rapidly improving labor market conditions as more parts of the economy reopen and fiscal stimulus kicks in. Initial claims for state unempl…

NEW YORK (Reuters) — The benchmark S&P 500 hit a record high on Thursday, helped by gains in tech-related stocks, a day after the Federal Reserve reiterated its pledge to keep interest rates low until the economic recovery is more secure. The Dow Jones Industrial Average rose 23.6 points, or 0.…

NEW YORK (Reuters) — JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Wednesday the United States could be in store for an economic boom through 2023 if more adults get vaccinated and federal spending continues. “I have little doubt that with excess savings, new stimulus savings,…

ZURICH (Reuters) — Thomas Gottstein may have acted decisively enough this week to stay as Credit Suisse chief executive, but investors are likely to require more radical action after the bank’s $4.7 billion loss from the Archegos hedge fund scandal. Credit Suisse shares have dropped by 25% in the s…