January 20, 2021

Business News

Vegas Auto Gallery, a luxury auto dealership in Las Vegas, has become a playground for wealthy bitcoin investors who want to cash in.

The dealership recently sold two high-end sports cars—a 2017 Pagani Huayra Roadster and a 2019 Bugatti Chiron—to a customer who paid more than $6 million in bitcoin, according to owner Nick Dossa, who says about 3% to 5% of the dealership’s revenue comes from bitcoin transactions.

prices more than tripled in 2020 and are ending the year near $29,000, making millionaires out of hordes of investors who piled in to ride the popular momentum trade. Professional investors

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A hedge fund that owns a big stake in

Tribune Publishing Co.


TPCO 0.31%

is seeking to buy the newspaper chain behind titles including the Chicago Tribune and New York Daily News, according to people familiar with the matter.

Alden Global Capital LLC, which is already Tribune’s largest shareholder with a 32% stake, could disclose an offer for the company as soon as Thursday, the people said. Details of the potential bid couldn’t be learned.

Tribune has a market value of roughly $470 million after a yearslong slide as the prospects for local newspapers dim. Its shares are little changed

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The year 2020 taught us to expect the unexpected. For the year ahead, consider making a budget with that in mind.

“There’s no reason to set a budget for the whole year,” said Abigail Sussman, associate professor of marketing at the University of Chicago. “A year from now is really like 20 years from now. Time isn’t normal right now.”

Enter the micro budget. Instead of setting a budget for the year, or even for the season, try structuring your spending and saving plan on a much smaller scale.

This approach has several key advantages: You’re able to better monitor

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German business software giant

SAP SE

said it would return Qualtrics International Inc. to public markets, in a listing expected to value the business at least 50% above what it paid for the startup two years ago.

Provo, Utah-based Qualtrics, in a regulatory filing Monday, set an initial price range of between $20 and $24, which would value the company on a fully diluted basis between $12 billion and $14.4 billion, according to a person familiar with the matter. Pricing can change based on investor feedback until the day before a company’s stock starts trading.

SAP CEO

Christian Klein

in

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When the pandemic shut down the economy this spring,

Walmart Inc.

all but closed the department where

Christina Rogers

works as an optician. Her children’s schools closed, too. She thought she might have to dip into savings as they hunkered down in St. George, Utah.

Instead, her financial situation improved.

Though her earnings dropped when she cut back hours to look after her children, company bonuses and a federal stimulus check put extra money in her pocket. She bought stocks right before the market roared back this spring and refinanced her mortgage as interest rates plummeted.

The coronavirus crisis has

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Just how valuable has restaurant selection been to delivery platforms’ growth over the past year? We could soon find out.

A California bill is set to require third-party delivery platforms to have stated agreements in place with merchants to deliver food orders starting Jan. 1. The bill will effectively end the growth-strategy platforms including

DoorDash

and Postmates have historically employed to rapidly augment their delivery footprints. Delivery platforms will have to remove so-called unpartnered food merchants, or those with which they don’t have a stated agreement, from their apps in California. Without an agreement, a delivery platform can list a

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