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Business News

Location American Business News for 31 March 2022
Passenger planes are being converted to cargo planes at record levels to make up for disrupted ocean freight — but even as it solves one problem, it's feeding into another The cost of transporting goods via air cargo is significantly higher than by shipping — and the consumer may well be the one paying the difference.
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Attacks on the solana and Binance smartchain ecosystems accounted for well over half of the amount lost, according to Atlas VPN.
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Today's 'Wordle' Word Of The Day Answer #285: Thursday, March 31st Here's today's Wordle #285 answer plus a helpful hint.
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Kremlin says the US doesn't understand the 'style of our work' amid reports that Putin's advisors are too scared to tell him the truth "Neither the State Department nor the Pentagon have real information about what is happening in the Kremlin," Putin's spokesman Dmitry Peskov said.
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Hospital Deal Gone Bust Puts Real-Estate Firm in Spotlight

Wall Street Journal - 31 Mar 2022 17:41
The failure of a California city's only hospital sets off a scramble to raise as much as $70 million to keep it open.
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UK spy chief says 'deeply secret intelligence' is being released at an unprecedented rate to stay one step ahead of Putin GCHQ head Sir Jeremy Fleming said intelligence agencies were releasing information to combat Russian misinformation.
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President Joe Biden is rolling out more releases from the U.S. Strategic Petroleum Reserve on Thursday, as his administration makes an effort to address rises for gasoline prices and pin those increases on Russian Presid...
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OPEC Plus to Move Ahead With Plans for Modest Increase of Oil Releases The oil producers insist that the oil market is "well-balanced" despite the Ukraine war and sanctions against Russia.
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Investors have an opportunity to drive faster progress in diversity, equity, and inclusion As DEI platforms have grown, there are indications that investors are taking more interest in how companies are setting and meeting goals.
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Phi, which UK authorities say belongs to a Russian businessman, was detained in London on Tuesday. Its captain called this "government overreach."
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US Senator Suggests Banning Fed From Issuing a Direct-to-Consumer CBDC US Senator Ted Cruz has introduced companion legislation to a January 2022 bill drafted by Representative Tom Emmer, which prohibits the Federal Reserve (Fed) from issuing a central bank digital currency (CBDC) directly ...
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World Events Demand Congress Reset Administration F-35 Cuts The F-35 embodies America's ability to secure the sky. Cutting its procurement sends a signal to allies and enemies alike that America is failing to prepare for the very real threats that we may face sooner rather than l...
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Cruise Lines Won't Catch a Wave

Wall Street Journal - 31 Mar 2022 14:30
Optimism in the cruise industry right now requires a life jacket.
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An advocate for investors who want public companies to reveal climate-change impact says 69% of the names targeted have made net-zero emissions pacts.
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The King Of Shale Oil, The Permian Basin, Is Still Riding The Wave. The Delaware portion of the Permian will continue to ride high and may assist the US and Europe in regard to Biden's ban on buying Russian oil.
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Metaverse investing has surpassed $500M and while there are easier entry points into the metaverse, it's time to consider building your own.
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Russia's central bank said its foreign currency and gold reserves have plunged by more than $38 billion since war began in February.
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High Gas Prices Drive High Demand For Electric Vehicles, TrueCar Says High gas prices are fueling a spike in demand for electric vehicles and hybrids, according to shopping data from TrueCar Inc.
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Staff guidance aims to create consistency in accounting for crypto assets held by trading platforms.
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ONGC to open Vindhyan Basin in Madhya Pradesh for gas production This would be the ninth producing Basin of India and the eighth by ONGC
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U.S. Levels New Sanctions on Russian Tech Companies

The New York Times - 31 Mar 2022 19:00
U.S. Levels New Sanctions on Russian Tech Companies Some of the new sanctions focus on organizations that supply or support Russia's defense sector.
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This Is What Happens When Globalization Breaks Down

The New York Times - 31 Mar 2022 18:58
This Is What Happens When Globalization Breaks Down The story of one shipping container from a factory in China to a warehouse in the United States traces the arc of a global supply chain consumed by trouble.
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