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Business News

Location American Business News for 2 February 2022
Warning: Kristen Bell's New Netflix Thriller Has A Major NSFW Scene You should know about this major NSFW scene before diving into Netflix's new show.
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Empty promises of 'levelling up' will only do harm in the long run | David Blunkett Unless we invest directly in transforming people as well as places, any plans will fall short and create more distrust The longer a policy paper, the more likely it is that it's full of waffle. In the case of the so-call...
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Xsolla appoints Konstantin Golubitsky as CEO

Venture Beat - 2 Feb 2022 17:30
Xsolla has appointed Konstantin Golubitsky as CEO to accelerate the company's growth as a payment and commerce provider for video games.
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India Announces Upcoming Launch of Central Bank Digital Currency, Digital Rupee, to Be Issued by RBI The Indian government has announced the upcoming launch of the country’s central bank digital currency. The digital rupee will be issued by the Reserve Bank of India (RBI) in the financial year 2022-23, Indian Finance ...
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The 10-year Treasury yield maintains a decline, after ADP shows private-sector payrolls fell in January.
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Balance Sheets 101

Forbes - 2 Feb 2022 16:00
Balance Sheets 101 If your company is in financial danger, meaning your liabilities are much greater than your assets, there are some strategic moves that can help you turn things around.
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The hidden reason people don't want to go back to the office New research from a professor of Leadership at George Washington University finds that remote work has emboldened some to disengage from their primary employers—sometimes without any remorse.    The Wall Street Jour...
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The January 6 committee is looking into Trump's involvement in proposals to use federal agencies to seize voting machines: NYT Trump had a more active role in pushing for some plans to seize the machines than previously known, according to a Monday New York Times report.
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Student Loan Cancellation Is Regressive, But Now The Author Defends His Claims Is student loan cancellation regressive?
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U.S. Gun Sales Plummeted Last Month From Record-Breaking Pandemic Levels Americans bought fewer than 1.3 million guns last month, by industry watchers' estimates, a more than 40% drop from January 2021 -- here's why.
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Alphabet inches closer to $2T valuation amid 20-to-1 stock split Google parentAlphabetInc advanced nearer to joining peers Apple and Microsoft in the elite $2 trillion market valuation club on Wednesday as the search giant's shares surged more than 8% following a blowout quarterly rep...
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Growth Hedge Funds Suffer Worst Rout in Years

Wall Street Journal - 2 Feb 2022 22:01
January's selloff dealt double-digit losses to a range of funds investing in technology and high-growth companies, sparking questions about whether a lucrative strategy for these firms is running out of steam.
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The Dear White Staffers Instagram account is calling out Congress' lack of diversity, low pay, and terrible bosses — and isn't afraid to spill the tea in public "I lived in Section 8 housing all three years of working on the Hill for the same member," one follower wrote in a post featured by the Dear White Staffers Instagram account that's blowing up in popularity.
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Uber Delivers Unpalatable Eats in Super Bowl Ad Teasers When rideshare company Uber launched its Uber Eats delivery service in 2014, it was dispatching heated burritos out of the trunks of its drivers' cars. Nearly two years into the pandemic, Uber Eats now brings cosmetics, ...
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Looking to Reach a Hyperlocal Audience, Outback Signs 12 Student-Athletes to NIL Deal As name, image and likeness partnership and endorsement deals continue to proliferate throughout the college sports season, brands are learning on the fly about what NIL deals make sense. Outback Steakhouse recently expa...
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Privately run U.S. businesses reduced employment by 301,000 jobs in January -- the worst reading since the start of the pandemic-- as a record omicron wave kept people out of work and delayed hiring plans.
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Google Stock Set To Soar On 32% Revenue Growth, 20-For-1 Split Boffo Q4 report will send Google stock to an all-time high and its pending 20-for-1 stock split will add fuel to the fire
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Hopes are rising that Europe will avoid a winter energy crisis that some feared would play to Russian President Vladimir Putin's advantage as Moscow prepares for a possible invasion of Ukraine.
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Tech Stock Futures Climb After Strong Alphabet Earnings

Wall Street Journal - 2 Feb 2022 17:43
Nasdaq futures pointed to a jump in tech stocks after Google parent Alphabet reported a surge in profit, sending its shares more than 10% higher in premarket trading.
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Treasury announced Wednesday it would sell $110 billion in notes and bonds next week. That's down from $120 billion last quarter.
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GM Signals an Easing of the Car Shortage

Wall Street Journal - 2 Feb 2022 17:14
General Motors expects to increase production by as much as 30% this year as chip supplies improve, giving dealers more to sell and possibly keeping a lid on inflation.
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Corporate Profits Are Up at Alphabet, Exxon, UPS and More

The New York Times - 2 Feb 2022 17:01
Alphabet, Exxon Mobil, UPS and others gave shareholders reasons to stay optimistic.
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