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Business News

Location American Business News for 17 March 2022

Payment for Oil in Yuan? Very Bad News for U.S. Dollar

Lombardi Letter - 17 Mar 2022 15:30
U.S. Dollar Reserve Status Being Questioned As it stands, the U.S. dollar is the most dominant currency in the world. This status is being challenged, however. If the U.S. dollar loses its reserve status, there will be d...
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Lucid is looking at raising prices on future models, CEO PeterRawlinson told Reuters at SWSX
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Robert Kiyosaki Predicts End of US Dollar -- Says War Giving Rise to Crypto as Safer Haven Than Fiat Money The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has predicted the end of the U.S. dollar. Furthermore, he said that the Russian-Ukraine war has given rise to crypto as “a safer haven asse...
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Russia's internet censorship is forcing citizens to turn to the dark web and VPNs for news and social media Instagram influencers posted tearful goodbye messages. Global news outlets vanished. VPN downloads soared.
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Citigroup Sits Between Russia and a Possible Bond Default

Wall Street Journal - 17 Mar 2022 16:38
Confusion over whether foreign bondholders will receive payments puts the spotlight on the bank, which acts as the paying agent for the two dollar-denominated bonds issued by Russia.
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Cloudflare and CrowdStrike are teaming up to help businesses adopt a rigorous zero trust security posture.
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Canadian Pacific Railway Threatens Lockout in Labor Dispute

Wall Street Journal - 17 Mar 2022 05:03
Canadian Pacific Railway Threatens Lockout in Labor Dispute The railway said it would lock out employees on Sunday if the union representing train conductors and engineers fails to negotiate a new contract or agree to binding arbitration.
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WHO 'Very Likely' Won't Approve Medicago's Covid Vaccine Due To Tobacco Ties Medicago's vaccine prevents Covid-19, but the WHO may reject it anyway because the Canadian pharmaceutical company is partially owned by cigarette giant Philip Morris International.
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No more family freeloaders: Netflix to charge extra for sharing accounts Netflix unveiled plans to charge primary account holders extra for users outside their households.
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Cute Eco Ad Sees Father And Daughter Bond Over the Future of Cars The need to live more sustainably, especially when it comes to driving, is a lesson for everyone and can be passed beyond generations--a message conveyed in a campaign for European car service company Norauto. In a rare ...
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Bank of England Raises Rates for Third Time to Fight Inflation The bank on Thursday lifted its key interest rate to 0.75 percent, the third consecutive increase.
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The UK rate hike comes a day after the Federal Reserve raised interest rates for the first time since 2018, as central banks get tough on price rises.
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Brent crude rallies to top $100 after an IEA warning about a Russian supply shortfall Oil prices rose to top $100 a barrel Thursday after the IEA warned a coming fall in Russian supply won't make up for an expected drop in demand.
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The chief executives of Intel Corp. and Micron Technology Inc. will testify before a Senate committee next week to push for legislation to bolster the U.S. semiconductor industry.
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DAO Snaps up South Korean Cultural Treasure that Dates Back to Antiquity A decentralized autonomous organization (DAO) has bought a South Korean national treasure - in what represents a remarkable first for the nation's culture and crypto sectors. ChannelA reported that the national treasure ...
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More States Join Income Tax Cut Movement

Forbes - 17 Mar 2022 04:46
More States Join Income Tax Cut Movement The competition among state lawmakers and governors to improve their tax codes recently ramped up, with legislation to reduce, flatten, and eliminate state income taxes being enacted and passed in more and more states.
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Patreon CEO said the company continued supporting creators in Russia despite US sanctions Patreon said it didn't want to punish creators for Putin's decision to invade Ukraine. Many tech companies ceased support to Russia amid US sanctions.
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Many people getting universal credit can't cover the rising cost of living, says charity.
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MACH users say that enterprise suites of software are no longer the best choice to run ecommerce apps. Amplience hopes to offer a solution.
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Former General Manager Donnie Nelson Sues Dallas Mavericks The lawsuit alleges that the Mavericks terminated Nelson because he reported sexual misconduct in 2020.
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Millions of Americans were waiting on tax refunds for months in 2021. The IRS is aiming to get them their checks before the end of the year.
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The top gambling regulator in Nevada on Thursday delayed MGM Resorts International stakeholder Barry Diller's licensing after federal authorities launched insider-trading investigations into his share purchases of Activi...
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