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Business News

Location American Business News for 27 January 2022

McDonald's topped $23 billion in Revenue in 2021

The New York Times - 27 Jan 2022 21:19
McDonald's topped $23 billion in Revenue in 2021 Profit soared 59 percent from a year earlier, to $7.5 billion.
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Elon Musk says Tesla Cybertruck, other new models delayed until at least 2023 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.
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Tesla posts record profits as its deliveries soared in 2021 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.
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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...
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Popular New York City Filipino Doughnut Shop To Host A Fancy Dessert Tasting The Kora team leans into their fine dining training for a Valentine's Day weekend event.
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In Nicolaj Kopernikus's short film, an old family story reveals a child's otherworldly talent.
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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.
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The Road For The Timberwolves' Anthony Edwards To Win MVP 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.
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Pushpa and the relentless march of Telugu cinema

livemint.com - 27 Jan 2022 20:37
Pushpa and the relentless march of Telugu cinema A heady mix of larger-than-life characters, great action and technical finesse has won over audiences in the north.The southern filmmakers appear keener on catering to a wide audience; they want the films to work at the ...
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Bitcoin and Ethereum Extend Post-Fed Decline, Altcoins Trim Gains 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...
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Tesla's Latest Financial Statement Shows Bitcoin Worth $1.26 Billion 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 ...
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Amazon Faces Unionization Battle in Staten Island

Wall Street Journal - 27 Jan 2022 05:35
Amazon Faces Unionization Battle in Staten Island 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.
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Bill Ackman's Pershing Square reveals $1.1 billion Netflix stake after buying 3.1 million shares in 4 days Ackman's Pershing Square fund invested in Netflix after the streaming giant's stock price tumbled by a third in a matter of weeks.
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TCM Campaign Puts a Modern Spin on Classics Like The Wizard of Oz 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...
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U.S. Economy Saw Robust Growth in Late 2021

Wall Street Journal - 27 Jan 2022 17:48
U.S. Economy Saw Robust Growth in Late 2021 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.
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US jobless claims drop to 260K as employers weather Omicron 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.
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Job Market Appears Healthy Despite Omicron Headwinds

Wall Street Journal - 27 Jan 2022 17:40
Job Market Appears Healthy Despite Omicron Headwinds New jobless claims fell by 30,000 last week, signaling fewer layoffs.
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Prepare for an Unsettling Monetary Tightening Cycle

Wall Street Journal - 27 Jan 2022 17:30
Prepare for an Unsettling Monetary Tightening Cycle Unlike in previous cycles, inflation is too high and the Fed isn't holding the market's hand, writes Greg Ip.
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Southwest Turns Quarterly Profit, Says Worst of Omicron Over

Wall Street Journal - 27 Jan 2022 17:08
Southwest Turns Quarterly Profit, Says Worst of Omicron Over 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...
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Animoca Brands' The Sandbox has partnered with Warner Music to create a music-themed world in the metaverse.
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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.
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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...
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