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Business News

Location American Business News for 4 February 2022
A 410-pound gold cube turned up in Central Park in a reminder of the crypto tungsten craze The cube sat in the New York park for a few hours for the upcoming launch of an NFT and crypto coin, and revived memories of the tungsten cube craze.
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SEC Commissioner: New Proposal Could Give SEC Expansive Power to Regulate Crypto, Defi Platforms A commissioner with the U.S. Securities and Exchange Commission (SEC) has voiced concerns regarding a new proposal that could give the securities regulator new powers to regulate cryptocurrency platforms and decentralize...
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The hiring recovery unexpectedly surged in January with 467,000 jobs added as the Omicron wave peaked The US economy added 467,000 jobs in January, according to government data published Friday. That beat the median forecast of 150,000 new payrolls.
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Saudi Arabia has restarted plans to list more shares of the energy giant and may sell as much as 2.5% of the company, people familiar said.
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Should You Buy Corning Stock After Its Recent Rally? The stock price of Corning (NYSE: GLW) has seen a large rise of 21% since its Q4 results announcement on Wednesday, Jan 26.
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An American Labor Market Mystery

Wall Street Journal - 4 Feb 2022 16:00
An American Labor Market Mystery Why has labor-force participation shrunk in the U.S. but not other countries? Wage-subsidy plans and Covid-19 may be why.
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Jon Stewart said musicians like Neil Young pulling their music from Spotify is an 'overreaction' to Joe Rogan and a 'mistake' "I think there are dishonest bad actors in the world and identifying those is so much more important to me," Stewart said on his podcast.
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Microstrategy CEO on Mainstream Bitcoin Adoption: 'I See Evidence of a Lot More Institutional Adoption' The Nasdaq-listed company Microstrategy sees “evidence of a lot more institutional adoption” of bitcoin. The firm cited various reasons including “The circumstances and the currency volatility” in Turkey, South A...
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Failed Effort To Recall Newsom Cost California $200 Million, State Says Campaigns for and against the recall raised an additional $120 million.
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Southwest to Bring Alcohol Back on Flights, Citing Customer Demand Southwest's flight attendants say the move increases the risk of cabin confrontations.
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South Korean Crypto Exchanges See Rise in Complaints, More People Turn to Home Mining There was a x7.7 spike in the number of customer complaints lodged against South Korea's four biggest crypto exchanges last year as citizens in the nation are embracing crypto like never before. Meanwhile, crypto mining ...
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New NATO Deployment Pushes Against Russian City-Busting Tactics In Ukraine As Russia mulls an invasion of Ukraine, it is time for NATO leaders to publicly highlight and begin pushing back against Russia's city-busting tactics.
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The Next Wave in Remote Work: Flexibility in Location---and Hours Matt Mullenweg, founder and CEO of Automattic, the company behind WordPress.com, talks about the benefits and challenges of the new "asynchronous work."
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U.S. Added Back 467,000 New Jobs In January--But Unemployment Rate Ticked Up To 4% Despite a record wave of Covid-19 cases, the job market performed much better than economists expected in January.
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No company has ever shed more value in one day on US stock markets than Facebook parent Meta, with shares cratering 26% Thursday.
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Disney has cancelled 12 cruises because COVID-19 issues at the shipyard mean that its new ship isn't ready Disney Cruise Line said the Disney Wish cruiser liner, which was scheduled to sail on June 9, will now embark on its voyage six weeks later.
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Nike Asks NY Court to Block Reseller StockX from Selling NFTs of its Shoes Nike has filed a civil case in the United States against the Detroit-based online fashion resale platform StockX, claiming that the latter uses unauthorized images of its footwear in non-fungible token (NFT) offerings. I...
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Apple Poised To Outperform The S&P 500 Index A key technical chart shows that Apple could outperform the S&P 500 after breaking above a key technical level.
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Amazon Reveals Its Most Profitable Business For the first time, Amazon broke out the revenue it collects from advertisers on its platform, which was $31.16 billion in 2021.
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American Express CEO defends hybrid working, saying it makes no sense for people to trek into the office 'just to sit on Zoom' Steve Squeri discussed his hybrid-working views on the day that American Express asked New York-based staff to return to the office from March 1.
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Up 17% In A Week, Will UPS Stock Continue Its Rally? The stock price of United Parcel Service (NYSE: UPS) has seen a rise of 9% over the last month, while it's up a solid 17% over the last week.
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Argentinian Government Raises Energy Costs Almost 4x for Cryptocurrency Miners The Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the miners were paying before. The measure affects customers of the wholesale power mar...
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