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Business News

Location American Business News for 19 January 2022
One of Britain's top financiers is to be handed a powerful new role by the BBC in an attempt to grow its commercial revenues amid the threat of a real-terms cut to its funding.
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How Women Can Get Comfortable "Playing Politics" at Work

Harvard Business Review - 19 Jan 2022 17:25
Five key mindset shifts.
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Fetch Rewards Hires Facebook Retail Executive as Its First Customer Chief Fetch Rewards, a SoftBank-backed consumer rewards company, has named David Sommer as its first chief customer officer. He was previously head of industry at Facebook parent Meta Platforms.
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Shares in PlayStation maker Sony have plunged after rival Microsoft, the company behind rival games console Xbox, agreed to buy games developer Activision Blizzard for $68.7bn (£50.5bn).
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Microsoft's Activision Deal to Power Its Netflix-of-Gaming Aspirations With its $75 billion deal for Activision Blizzard, Microsoft aims to shake up the gaming industry by building out its library of blockbusters and bolstering its efforts to entice consumers onto its cloud-gaming service.
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Binance to Launch New Cryptocurrency Exchange in Thailand After Thai SEC Filed Criminal Complaint Crypto exchange Binance is launching a new exchange in Thailand after the country’s Securities and Exchange Commission (SEC) filed a complaint against the company for operating without a license. Binance has now signed...
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Oil Production Capacity For Dummies

Forbes - 19 Jan 2022 17:04
Oil Production Capacity For Dummies Concerns about spare capacity are valid, but often involve a misunderstanding of capacity estimates--and the potential for them to increase.
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U.S. Investment Firms Lead $32 Million Series A Funding Round For Brazilian Daily Fantasy Sports Platform D1 Capital Partners of New York led a $32 million Series A round for Rei do Pitaco, a Brazil-based daily fantasy sports platform known as RDP. RDP focuses exclusively on soccer for now, but has larger aspirations.
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UK to Tighten Rules on Crypto Ads to Ensure They're Fair, Clear, Not Misleading The U.K. government has announced plans to impose new rules on cryptocurrency ads to ensure they are fair, clear, and not misleading to consumers. The rules will be enforced by the Financial Conduct Authority (FCA). UK t...
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Greenlight Review - The Debit Card Made for Kids

Money Crashers - 19 Jan 2022 19:06
Greenlight is a family-friendly money management app that teaches kids age-appropriate financial concepts and helps parents teach their kids the value of earning, saving, and investing. Learn about Greenlight's features ...
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Walgreens Launches Its Own Covid Variant Surveillance Walgreens has launched its own Covid-19 surveillance system to help identify the spread of virus variants across the U.S.
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Freight Operators Plan to Deploy Thousands of Remote-Operated Forklifts Two big freight operators are betting on technology that allows workers to operate forklifts remotely as the distribution sector confronts persistent labor shortages.
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The New Blueprint for Consumer Privacy Is Taking Shape Focusing on direct consumers' changing needs and their right to privacy is becoming increasingly critical--and challenging--than ever. Christine Cox, IKEA U.S.'VP of Digital Data and Analytics along with Mozilla's CMO Li...
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Majestic Steel Goes Digital To Streamline Its Supply Chain This flat-rolled steel supply company is revolutionizing its business's inventory management practices with technology solutions, to help debottleneck its corner of industry.
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Macau's Tighter Casino Controls to Usher in Biggest Shake-Up in Decades The government unveiled full legislation aimed at protecting national security and thwarting illegal money flows through the gambling hub.
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Bank of America's Quarterly Profit Rises 28%

Wall Street Journal - 19 Jan 2022 16:02
The second-largest U.S. bank earned $7.01 billion, up from $5.47 billion a year earlier, while revenue rose 10%.
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P&G Says Shoppers Unbowed by Higher Prices

Wall Street Journal - 19 Jan 2022 16:00
P&G Says Shoppers Unbowed by Higher Prices Quarterly sales rose 6%, led by health and cleaning products, with price increases accounting for half of the jump.
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Inflation hits 7.5% in Midwest; surging consumer prices 'disastrous' Economists see more trouble ahead as we enter the third year of a pandemic.
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"No one in this country can pick and choose if and how the law applies to them," tweeted New York Attorney General Letitia James on Tuesday night.
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Fintech startup Milo is offering 30-year 'crypto-mortgages' Consumers will be able to leverage their BTC holdings and digital assets to purchase real estate in the U.S.
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The online platform Crypto.com suspended customer withdrawals for about 14 hours on Monday, after reports of unauthorized activity in the accounts of some users, the company said.
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The company said it had conducted a "thorough, independent" review of its culture.
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