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Business News

Location American Business News for 17 January 2022
China tells citizens to avoid mail from abroad and open packages with gloves, claiming that Omicron is spreading through foreign post Experts say the coronavirus is unlikely to spread by mail as it does not last long on surfaces. But China said an Omicron case may have come this way.
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Robinhood on Listing More Cryptocurrencies: 'It's Important That We Get a Bit More Clarity From Regulators' Robinhood’s chief financial officer has revealed the popular trading platform’s crypto priority and the potential of listing more cryptocurrencies. “We’re a highly regulated company in a highly regulated industry...
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A deep and drawn-out crypto crash of the sort seen in 2018 is a growing possibility, analysts at investment bank UBS have warned.
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Energy Sector Predictions For 2022

Forbes - 17 Jan 2022 03:49
Energy Sector Predictions For 2022 This year I predict that several trends from 2021 will reverse direction.
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An accountant got $20,000 in student debt wiped out. 5 months later, he quit his job and ran for office. "There's a whole generation of people saddled with student loan debt that can't participate in this important part of civic life," David O'Keefe said.
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The benefits of the landmark small-business relief program designed at the height of the pandemic mostly went to business owners rather than its employees, a study from leading economists finds.
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Full Recovery in Global Labor Market Could Take Years

Wall Street Journal - 17 Jan 2022 15:55
Full Recovery in Global Labor Market Could Take Years The U.S. labor market is nearing, or may already be, at full employment, but a United Nations agency said that is far from true in many other parts of the world, with the Omicron variant of the Covid-19 virus is likely s...
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The number of households suffering "fuel stress" because they spend 10% of their budget or more on energy bills looks set to triple to 6.3 million, according to a think-tank.
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The C.D.C.'s New Challenge? Grappling With Imperfect Science

The New York Times - 17 Jan 2022 12:00
The Omicron coronavirus variant is moving much faster than researchers can, worsening a longstanding problem: The agency must make tough decisions with scant data.
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China's Economy Slowed Late Last Year on Real Estate Troubles

The New York Times - 17 Jan 2022 06:00
Economic output climbed 4 percent in the last quarter, slowing from the July through September quarter. Growth has faltered lately as home buyers and consumers become cautious.
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Jack Dorsey's Payments Company Is 'Officially Building an Open Bitcoin Mining System' In mid-October 2021, Twitter founder Jack Dorsey revealed the payments firm Block Inc. (formally Square) was considering joining the bitcoin mining industry. Three months later, Dorsey tweeted that his firm was “offici...
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Why China's Central Bankers Are Still Worried

Wall Street Journal - 17 Jan 2022 16:34
China's economy grew 4% from a year earlier in the fourth quarter--faster than expected. But December data should give investors pause.
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Seabed permits given to 17 projects from companies including Scottish Power, Shell, BP and SSE The Scottish government is in line for a windfall of almost £700m after the largest ever auction of the country's seabed plo...
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China Seeks to Cushion Blow of Economic Pain as Momentum Slows

Wall Street Journal - 17 Jan 2022 15:27
China Seeks to Cushion Blow of Economic Pain as Momentum Slows China's leaders are hoping that they can put a floor under the economy, which expanded by 4% in the fourth quarter of last year, the slowest pace since the beginning of the Covid-19 recovery.
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"What's the Deal, Hummingbird?," by Arthur Krystal

The New Yorker - 17 Jan 2022 15:00
Fiction by Arthur Krystal: "How do you know what you've forgotten? He knew only that he was a case of nerves between two eternities."
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Credit Suisse Group AG Chairman António Horta-Osório is leaving the global bank following a board investigation into his travel and personal conduct, according to people familiar with the bank.
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Remote job postings for NYC firms nearly quadruple in seismic shift The key industries with the highest jump in virtual-work offers amid the coronavirus pandemic included administrative, information and financial services.
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A Wall Street Journal report says that Activision Blizzard has allegedly fired or pushed out 37 employees since last July's lawsuit.
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No, Mike Tyson Is Not Fighting Jake Paul, Representative Says It was rumored Tyson was planning an exhibition fight in Las Vegas against the famous YouTuber.
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The chairman's jet use also raised concerns, with some board members fearing he lacked credibility to fix what had come to be seen as the bank's broken culture.
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China's Manipulation Of Covid Data : The Two 'Smoking Guns' Official Chinese figures expose two "smoking guns" - showing that Covid data is being concealed. The mortality figures are much higher. Zero-Covid is a fiction.
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U.S. Airlines Seek Further 5G Rollout Delay

Wall Street Journal - 18 Jan 2022 01:52
U.S. Airlines Seek Further 5G Rollout Delay Carriers said in a letter to U.S. officials that current FAA flight-safety measures to accommodate the new wireless service could result in a significant disruption of their flight schedules this week.
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