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Business News

Location American Business News for 2 March 2022
Qurate Looks to Differentiate QVC and HSN, Builds Out Livestreaming with New Business Unit Qurate Retail Group has restructured its organization and launched a new business unit focused on livestreaming as it looks to "accelerate its leadership in video commerce." The new structure is designed to strengthen di...
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These 15 Stocks And 10 Funds Are Overexposed To Russia And Ukraine Large caps like Renault and Citigroup have suffered double-digit declines in part due to Russia's invasion of Ukraine. The conflict has had a more severe impact on some smaller stocks.
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UK Defense Secretary Ben Wallace said Russia was the "overwhelming force" in Ukraine but lacked the "moral component" important to a soldier.
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Pick your poison but the end result of the fighting in Ukraine is the same: Russian oil and natural gas will fall offline. This is what it means for the U.S. and Europe.
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Biden mentioned the climate crisis just once during the State of the Union — while touting a plan to create clean-energy jobs A day after the UN warned of a climate "emergency headed for a disaster," Biden's State of the Union barely addressed the growing crisis.
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President Joe Biden on Tuesday night used his first State of the Union address to renew a push to increase the federal minimum wage, a proposal Democrats tried but failed to enact last year.
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The Ukrainian president made the comments on Tuesday during an exclusive interview with CNN and Reuters from an undisclosed location in Kyiv.
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Airbnb Looking to Support Crypto While Focusing on Free Housing for 100,000 Ukrainian Refugees Airbnb confirms that it is looking to support cryptocurrency. The company has also offered to provide housing for up to 100,000 Ukrainian refugees. According to the European Union, about four million people may try to le...
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Bitcoin casts off dip, climbs past $45K as Fed signals rate hike coming in March Bitcoin price action passes $45,000 once more as markets keep traders on their toes.
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How to Launch a Marketplace to be the Disruptor, not the Disrupted Some retailers lament the woes of Amazon and other marketplaces cutting into their sales, profit, market share and valuation. Some retailers launch their own marketplace to become the disruptor instead of the disrupted. ...
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BWX Technologies Stock Rallied 9% Last Month. Is It Still Attractive? BWX Technologies, a supplier of nuclear components and fuel, has seen its stock gain almost 11% over the last week, compared to the S&P 500 which remained roughly flat over the same period. The stock also remains up by a...
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Powell Says Fed Is on Track to Raise Rates in Two Weeks

Wall Street Journal - 2 Mar 2022 17:30
Powell Says Fed Is on Track to Raise Rates in Two Weeks The Fed chairman said it was too soon to tell how Russia's invasion of Ukraine and its repercussions would influence the U.S. economy, but his remarks suggested growing urgency to tighten policy.
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Stocks To Pick As Business Spending Rises

Forbes - 2 Mar 2022 17:00
Stocks To Pick As Business Spending Rises Our theme of Capex Cycle Stocks - which includes heavy equipment makers, electrical systems suppliers, automation solutions providers, and semiconductor fabrication equipment players - has declined by about 11% year-to-d...
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Ford to Split Gas and Electric Businesses in Major Overhaul

Wall Street Journal - 2 Mar 2022 16:33
Ford to Split Gas and Electric Businesses in Major Overhaul The auto maker is planning a major reorganization of its operations to create two separate divisions--one for its conventional gas-engine business and another to focus on developing electric vehicles and software.
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Ukraine Crisis Puts Indian Economy on the Clock

Wall Street Journal - 2 Mar 2022 16:31
A sharp rise in rates--and a steeper selloff in Indian assets--isn't inevitable, but it could become so if the crisis drags on and oil prices keep moving higher.
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Solana price eyes $150 as SOL's 25% jump this week puts 'double-bottom' in play The upside setup for SOL's price appears despite Solana-based investment products seeing significant capital outflows.
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American Eagle Stock To Trade Higher Post Q4? American Eagle Outfitters, which sells men's and women's apparel and accessories under the American Eagle, Tailgate, Todd Snyder, and Aerie brands, is scheduled to report its fiscal fourth-quarter results on Wednesday, M...
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Fitbit Recalls More Than 1 Million Smart Watches Over Burn Risk The company, which is owned by Google, received at least 174 reports of the battery in its Ionic smart watch overheating, leading to 118 reported injuries.
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As Oil Soars, OPEC and Its Allies Are Not Likely to Offer Relief The oil cartel, known as OPEC Plus, is expected to continue the program agreed to in July by rubber-stamping a 400,000-barrel-a-day production increase for April.
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Furnace Repair Businesses Endure Long Winter of Parts Shortages High demand, climbing prices and backlogged inventories lead climate-control servicers to find expensive workarounds and rethink supplier relationships.
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Ryanair boss predicts turbulent year ahead for air industry as oil prices soar Most airlines will find the coming year "very difficult", according to the boss of Ryanair, after the price of oil shot above $100 a barrel following Russia's invasion of Ukraine.  
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Kim Reynolds says 'Biden and his party have sent us back in time' in GOP response to SOTU Reynolds said that "keeping schools open is only the start of the pro-parent, pro-family revolution that Republicans are leading."
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