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Business News

Location American Business News for 15 April 2022
Democrats are just one heartbeat away from losing control of the Senate. We analyzed how precarious their 'gerontocracy' majority really is. Reports about 88-year-old Sen. Dianne Feinstein's ability to serve in office illustrate the Democrats' fragile hold on power.
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Fast Retailing's first-half net profit rose 39% compared with the same period a year earlier to 146.84 billion yen ($1.17 billion) for the six months ended Feb. 28.
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China cut its reserve requirement ratio for commercial banks. The move should push 530 billion yuan ($83.19 billion) of liquidity into the economy.
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Elangovan Punniakoti and Mary Christeena of Innovate Solutions submitted dozens of false applications, sponsoring workers for nonexistent positions, prosecutors say.
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Robinhood CEO outlines how DOGE could become 'currency of the internet' Robinhood CEO Vladimir Tenev took to Twitter to explain how DOGE could become the future currency of the internet just hours after Dogecoin's creator criticized Elon Musk for his Twitter antics.
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The IRS/ID.me debacle: A teaching moment for tech

Venture Beat - 16 Apr 2022 00:07
This recent controversy highlights the need for better understanding of biometric technology, including its potential privacy issues.
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Location, Location, Location. Entrepreneurs, Where You Locate Your Startup Might Be As Important As The Timing Several startup ecosystems, outside of Silicon Valley, have been quietly rising for more than 20 years.
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These were the 5 worst performing cryptos over the past week amid the bitcoin bear market With more than 18,000 cryptocurrencies in existence and counting, there are more than triple the number of crypto coins than there are US stocks.
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Some of East Asia's biggest tech companies are delving ever deeper into the world of crypto, with Japanese and South Korean mega-companies eyeing metaverse, non-fungible token (NFT), Web3, and blockchain business expansi...
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Plan to Become a 'Cryptoassets hub' May Just Be the UK Government Hedging Its Bets Matthew Shillito, Lecturer in Law at the University of Liverpool. ______ In a busy start to April 2022 for the British chancellor, Rishi Sunak announced his intention to make the UK a "global hub for cryptoassets technol...
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Nike's new VP of digital design hails from Twitter and Netflix Dantley Davis, who helped build Netflix and re-energize Twitter, lands at Nike as digital design VP. Nike has hired Dantley Davis as vice president of digital design—a signal that Nike plans to make bold moves across i...
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Wall Street Profits Slump as War Weighs on Outlook

The New York Times - 15 Apr 2022 02:30
Wall Street Profits Slump as War Weighs on Outlook Bank executives are lately taking a more somber tone than the ebullience of recent quarters, when banks recorded blockbuster earnings.
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Elon Musk Looks to Next Frontier

Wall Street Journal - 15 Apr 2022 02:23
Elon Musk Looks to Next Frontier The Tesla and SpaceX leader follows his latest ambitions with his $43 billion Twitter bid.
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Krispy Kreme Doughnuts Is Running A Campaign To Combat Inflation Wondering what to invest in during inflation? Krispy Kreme doughnuts are one option. But Q.ai also offers inflation investments that can protect your portfolio.
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China, unlike other countries, seeks more lending to help its economy. While other central banks are worried about inflation, the People's Bank of China announced a rules change to encourage more lending.
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Bank of England owned 599 slaves in 1770s, new exhibition reveals Research commissioned by Bank in the wake of Black Lives Matter uncovers grim history of colonial Grenada In the late 18th century Britain's Caribbean island colony of Grenada was a place of boom and bust. A hurricane, a...
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Hong Kong Stock Exchange Closes For Good Friday, Easter Holidays Trade resumes on Tuesday
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High inflation threatens to end a decade of improving profitability for U.S. companies, but these companies are bucking the trend.
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Your $700 Online Side Hustle? Now the IRS Knows.

Wall Street Journal - 15 Apr 2022 13:30
A new law means online platforms will have to file a 1099-K for people earning more than $600
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How to Boost Your Tax Refund With a Guaranteed Great Return

Wall Street Journal - 15 Apr 2022 13:30
With interest rates on I Bonds set to approach 10%, taxpayers can use their tax refunds to buy more than the normal $10,000 limit.
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China's Tech Leaders Warn Of Widespread Production Halt If Shanghai Lockdown Continues Two of China's prominent technology executives have spoken out about the supply chain disruptions caused by the ongoing lockdown, warning that many of the country's industries are facing the prospect of production halts ...
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Bitcoin and Ethereum Fail Near Key Resistance, XRP Outperforms Bitcoin price started a recovery wave above the USD 41,200 level. However, BTC failed to gain strength for a clear move above the USD 41,500 resistance. It is currently (04:24 UTC) trading above USD 40,200 and is down 3%...
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