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Business News

Location American Business News for 7 January 2022

Ron Perelman's Debts Come Due

The New York Times - 7 Jan 2022 18:58
Ron Perelman seemed to have everything. Until the bill arrived.
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The airlines say they are being forced to fly thousands of nearly empty flights in order to satisfy rules requiring the use of landing and takeoff slots at airports.
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Investors pour $2.9 billion into highly rated corporate bond funds in 2022's first week, according to Refinitiv Lipper data, the sector's most weekly inflows since early July.
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Novak Djokovic Is Able To Play The French Open, But What About Wimbledon And The U.S. Open? What is Novak Djokovic's status for the other three Grand Slams of 2022 after the Australian Open?
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GameStop shares soared on plans to enter the NFT and cryptocurrency markets; AMC Entertainment was also up.
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Bitcoin Fluctuates as US Employment Figures Send Mixed Signals to Fed The price of bitcoin (BTC) fell slightly along with US stock market futures in the early hours of the US trading session today after US payroll figures missed their forecast by a relatively wide margin. Shortly after, ho...
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Crypto Investors in Thailand to Pay 15% Capital Gains Tax, Report Unveils Crypto-related profits, such as those resulting from the trading of digital currencies, will be taxed at a rate of 15%, a finance ministry official has revealed to the local press in Thailand. After last year’s signifi...
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Goldman Sachs Predicts Bitcoin Could Reach $100K as BTC Continues to Take Gold's Market Share as Store of Value Goldman Sachs has predicted that the price of bitcoin could reach $100,000. The global investment bank believes that bitcoin will continue to take market share away from gold as cryptocurrency adoption grows. Goldman Sac...
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Moderna Inc.'s CEO expects fully vaccinated people to need an additional COVID-19 booster shot later this year, as the efficacy of the first booster wanes over time.
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Tim Cook Received Nearly $100 Million in Compensation in 2021

Wall Street Journal - 7 Jan 2022 01:34
Tim Cook Received Nearly $100 Million in Compensation in 2021 The Apple executive reached his 10th anniversary in a year when the iPhone maker saw record sales and profits.
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In recent months, the gap between what Americans could earn from switching jobs widened as labor shortages persisted.
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US jobless rate sinks to 3.9% as many more people find jobs U.S. employers added a modest 199,000 jobs last month while the unemployment rate fell sharply, at a time when businesses are struggling to fill jobs with many Americans remaining reluctant to return to the workforce.
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Cruise Operators Can't Touch This

Wall Street Journal - 7 Jan 2022 16:16
Cruise ship operators are implementing touchless elevator buttons on some ships to combat Omicron, but not everyone is impressed.
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First, look in your mailbox for two letters the I.R.S. is sending this month. Make sure the numbers the agency is listing for pandemic aid match yours.
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Will 2022 be a repeat of 2021 for the markets and economy? Commonwealth CIO Brad McMillan takes a closer look.
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As Unemployment Falls, Interest Rate Increases Creep Nearer

The New York Times - 7 Jan 2022 15:54
A fresh jobs report showed that the unemployment rate is still dropping. That likely keeps the Fed on track to raise interest rates as inflation rises.
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Chips Don't Float: Reviving Semiconductor Manufacturing Alone Won't Assure America's Security The global semiconductor shortage went high profile in 2021 with Presidential and industry calls for the revival of American chip manufacturing. But bringing semiconductor manufacturing alone back to U.S. shores won't as...
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Walgreens Will Open 160 Village Medical Clinics By Year's End Walgreens will have more than 160 doctor-staffed Village Medical clinics open by the end of this year.
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A 10-year-old girl who owns 2 companies may be on track to retire at 15 as a multimillionaire Pixie already has Pixie's bows, another hair accessory businessthat her mother set up when she was a baby.
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Converted homes for sale - in pictures

The Guardian - 7 Jan 2022 09:00
Converted homes for sale - in pictures From a dog biscuit factory, to a chapel and a historic military building
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US government sues Georgia auto repair shop that dumped over 91,000 pennies in a former employee's driveway Andreas Flaten woke up to find more than 91,000 pennies sitting in his driveway. The Labor Department says he was a victim of illegal retaliation.
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Mortgage Rates Hit Highest Levels Since Spring 2020

Wall Street Journal - 7 Jan 2022 02:28
Mortgage Rates Hit Highest Levels Since Spring 2020 The increase is driving up the costs associated with home buying at a time when home-sales prices are already near record highs.
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