Business News
McDonald's topped $23 billion in Revenue in 2021
The New York Times - 27 Jan 2022 21:19
Profit soared 59 percent from a year earlier, to $7.5 billion.
Elon Musk says Tesla Cybertruck, other new models delayed until at least 2023
New York Post - 27 Jan 2022 18:52
The launch of Tesla's Cybertruck and two other upcoming vehicle models have been delayed until at least 2023 because of continued supply-chain bottlenecks, CEO Elon Musk said.
Tesla posts record profits as its deliveries soared in 2021
L.A. Times - 27 Jan 2022 03:15
Tesla Inc. on Wednesday posted record fourth-quarter and full-year earnings as deliveries of its electric vehicles soared despite a global shortage of computer chips that has slowed the entire auto industry.
Purpose and the employee
The Economist - 27 Jan 2022 15:18
WHAT IS THE meaning of mayonnaise? For Unilever, a consumer-goods giant whose products are all meant to stand for something, the purpose of its Hellmann's brand is to reduce food waste by making leftovers tasty. For Terr...
Popular New York City Filipino Doughnut Shop To Host A Fancy Dessert Tasting
Forbes - 27 Jan 2022 18:30
The Kora team leans into their fine dining training for a Valentine's Day weekend event.
The Complicated Music of Fathers and Sons in "Stenofonen"
The New Yorker - 27 Jan 2022 15:00
In Nicolaj Kopernikus's short film, an old family story reveals a child's otherworldly talent.
GM sold 26 electric vehicles last quarter but projects it will overtake Tesla by 2025. Elon Musk said GM has 'room for improvement.'
Business Insider - 27 Jan 2022 09:19
GM said it will have production capacity in North America for more than one million EV units by 2025. Tesla delivered more than 936,000 vehicles in 2021.
The Road For The Timberwolves' Anthony Edwards To Win MVP
Forbes - 27 Jan 2022 04:19
Minnesota Timberwolves guard Anthony Edwards has his sight set on the MVP award next season, but he'll have a ton of players to leapfrog to get there.
Pushpa and the relentless march of Telugu cinema
livemint.com - 27 Jan 2022 20:37Bitcoin and Ethereum Extend Post-Fed Decline, Altcoins Trim Gains
Crypto News - 27 Jan 2022 08:29
Bitcoin price attempted a close above the USD 38,000 resistance zone. BTC failed to gain strength after the Fed statements, resulting in a fresh decline below the USD 37,000 level. It is currently (04:17 UTC) trading bel...
Tesla's Latest Financial Statement Shows Bitcoin Worth $1.26 Billion
Bitcoin.com - 27 Jan 2022 07:00
Elon Musk’s electric car company, Tesla, did not sell any bitcoin in the fourth quarter, according to the company’s latest financial statement. Tesla is holding bitcoin worth $1.26 billion. The company still has not ...
Amazon Faces Unionization Battle in Staten Island
Wall Street Journal - 27 Jan 2022 05:35
The National Labor Relations Board says the nascent Amazon Labor Union has enough support from workers to hold an election for a New York warehouse.
Bill Ackman's Pershing Square reveals $1.1 billion Netflix stake after buying 3.1 million shares in 4 days
Business Insider - 27 Jan 2022 05:08
Ackman's Pershing Square fund invested in Netflix after the streaming giant's stock price tumbled by a third in a matter of weeks.
TCM Campaign Puts a Modern Spin on Classics Like The Wizard of Oz
AdWeek - 27 Jan 2022 18:00
Turner Classic Movies, better known these days as TCM, is leaning into its "Where Then Meets Now" tagline with a new campaign that puts a modern spin on a pair of classic films. The cable network, which debuted its new l...
U.S. Economy Saw Robust Growth in Late 2021
Wall Street Journal - 27 Jan 2022 17:48
Economic growth accelerated to a 6.9% annual rate in the fourth quarter. But it appears to have lost momentum because of Omicron and supply shortages.
US jobless claims drop to 260K as employers weather Omicron
New York Post - 27 Jan 2022 17:41
The number of American workers filing unemployment claims declined as expected this week as US companies and workers weather the effects of the Omicron variant.
Job Market Appears Healthy Despite Omicron Headwinds
Wall Street Journal - 27 Jan 2022 17:40
New jobless claims fell by 30,000 last week, signaling fewer layoffs.
Prepare for an Unsettling Monetary Tightening Cycle
Wall Street Journal - 27 Jan 2022 17:30
Unlike in previous cycles, inflation is too high and the Fed isn't holding the market's hand, writes Greg Ip.
Southwest Turns Quarterly Profit, Says Worst of Omicron Over
Wall Street Journal - 27 Jan 2022 17:08
The Dallas-based airline posted a profit of $68 million, up from a loss of $908 million a year earlier, but still about 87% below what the company reported in the comparable period in 2019, before the pandemic began to d...
Warner Music and The Sandbox will do music-theme metaverse
Venture Beat - 27 Jan 2022 17:00
Animoca Brands' The Sandbox has partnered with Warner Music to create a music-themed world in the metaverse.
Financial Crime: CEO of Miami armored-car company pleads guilty in $140 million 'dirty gold' smuggling scheme
Market Watch - 27 Jan 2022 07:47
Prosecutors say Jesus Gabriel Rodriguez obscured the origin of gold that was illegally mined in South America and used, in part, to launder drug money.
The Wall Street Journal: Facebook's foray into crypto is quietly ending
Market Watch - 27 Jan 2022 06:18
The Diem Association, the consortium Facebook founded in 2019 to build a futuristic payments network, is winding down and selling its technology to a small California bank that serves bitcoin and blockchain companies for...