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Business News

Location American Business News for 3 December 2021
It can be dangerous to invest retirement-plan funds in esoteric assets without proper guidance. A husband and wife in Rhode Island have learned that lesson the hard way.
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At its re:Invent 2021 conference, Amazon announced a slew of new Amazon Web Services features powered by AI and machine learning.
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PG&E to pay $125 million in fines and penalties under Kincade fire settlement The California Public Utilities Commission approved the penalties for violations linked to the start of the 2019 Kincade fire, which burned more than 77,000 acres in Sonoma County.
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'Wolf of Wall Street' Jordan Belfort Warns About Investing in Dogecoin and Shiba Inu Cryptocurrencies Jordan Belfort, the former stockbroker whose memoir was made into a film starring Leonardo DiCaprio, has warned about investing in meme cryptocurrencies, like dogecoin (DOGE) and shiba inu (SHIB). Belfort explained that ...
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California Regulators Fine PG&E $125 Million for 2019 Kincade Fire Pacific Gas & Electric settled claims that one of its transmission lines caused the Kincade fire.
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Bank of America execs warn junior staffers to 'dress down' as NYC crime surges Amid a surge in some New York City violent crime, Wall Street bigwigs continue to encourage younger staffers to come into the office — but to do so with caution. At Bank of America, senior executives have quietly encou...
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Student-Loan 'Forgiveness': Answers to Common Questions

Wall Street Journal - 3 Dec 2021 19:00
The rules have changed for a limited period. Here is what borrowers should keep in mind.
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November jobs report misses forecasts as US adds just 210,000 new jobs amid supply-chain nightmare Job creation last month badly missed the 550,000 estimate and showed the labor market slowing from October's pace and still struggling with Delta.
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Wikipedia is selling an NFT of its first edit from co-founder Jimmy Wales that reads 'hello world!' Christie's is auctioning the NFT as well as the strawberry-colored Apple computer that Wales used to develop Wikipedia.
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The Wells Fargo branches, including two in Denver and two in Colorado Springs, have "staffing constraints," a company spokesperson told The Gazette.
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It hasn't a great year for initial public offerings in London. Who, or what, is to blame?
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A European architecture firm made a $50,000 portable tiny home out of shipping containers -- see inside Wiercinski-studio's prefabricated little home was made out of two shipping containers. The home was then trucked and craned to its current location.
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Chinese techs in Hong Kong fell after ride-hailing giant Didi bowed to pressure to pull its US offering just months after its blockbuster IPO.
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Russia to Decide Fate of Crypto Exchangers in 2022 Discussions on the future of “virtual currency exchangers” in Russia should be completed in 2022, a high-ranking representative of the country’s financial watchdog has indicated. Following international standards, ...
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This Transmissions Company Is Likely To Offer Better Returns Over Caterpillar Stock We think that Allison Transmission Holdings stock, a relatively small company that manufactures commercial duty automatic transmissions and hybrid propulsion systems with a market cap of under $4 billion, currently is a ...
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China's Internet Billionaires Suffer $73 Billion Wipeout As Economy Slows And Government Cracks Down The fortunes of China's richest Internet billionaires are still getting slammed, with four of the country's best-known tycoons losing more than $73 billion from their combined net worth since April, when Forbes published...
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What's Next For Gap's Stock After A 30% Fall? Gap's stock (NYSE: GPS), a specialty retailer selling casual apparel, accessories, and personal care products for men, women, and children under the Gap, Old Navy, and Banana Republic brands, has declined by 30% in the l...
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The Markets Are Confused, but Wall Street Is Still Making Predictions The emergence of the Omicron variant underlines the difficulty of planning even a few weeks ahead. Wall Street is forecasting next year's precise market returns, regardless.
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Cloud Segment To Drive Microsoft's Stock Growth? Microsoft's stock (NASDAQ: MSFT) has increased by more than 50% since the end of 2020. In the recently announced Q1 FY 2022 (ended Sep 2021) the company beat consensus estimates for revenue and earnings. Revenue was $45....
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Why Instagram Asks Users to Create Second Accounts

Wall Street Journal - 3 Dec 2021 12:30
Why Instagram Asks Users to Create Second Accounts The photo-sharing app has quietly rolled out a pop-up notice prompting users to "try a new account." Can a fresh start keep people from losing interest in the platform?
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Strong Job Gains Likely but Omicron Threat Looms

Wall Street Journal - 3 Dec 2021 12:30
Strong Job Gains Likely but Omicron Threat Looms Lower Covid-19 case numbers probably helped fuel the U.S. economy and powered job gains in November, economists say, but the Omicron variant could put that progress at risk.
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Arijit Singh most streamed artiste on Spotify in India in 2021 With easing of covid restrictions in most parts of the country and work commutes getting back on track, audio streaming services that had seen a 5-15% drop during the peak of the second wave, are now seeing a bounce back
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