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Business News

Location American Business News for 21 April 2022

Netflix Could Fall Another 50%

Forbes - 21 Apr 2022 17:40
Netflix Could Fall Another 50% With the subscriber loss in 1Q22 and guidance for further subscriber deterioration in 2Q22, the weaknesses in Netflix's business model are undeniable.
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Asda owners plan to create 32,000 jobs through EG Group food expansion EG Group, the petrol station and food retail business run by Asda's owners, has announced plans to create 32,000 jobs globally over the next five years, with the bulk of them in the UK.
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Digital Freight Service Convoy Hauls In $260 Million To Build Out Trucking Platform The funds will help the Seattle-based company build out its service as inflation and higher fuel prices push shippers and freight brokers to find more efficient ways to move goods.
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Elon Musk just unlocked $23 billion worth of Tesla stock options — but he can't sell the shares for 5 years The Tesla CEO, who is trying to pull together $39 billion to take Twitter private, won't see an immediate influx of cash from his new batch of options.
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Tron's Justin Sun Launches 'Most Decentralized Stablecoin,' Bitcoin Might Get a Role Here Too Tron (TRX) founder Justin Sun is launching a new algorithmic stablecoin called USDD that he says will become "the most decentralized stablecoin in human history." The new stablecoin, with the full name Decentralized USD,...
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Oil Trade Group Drafts Carbon-Tax Proposal

Wall Street Journal - 21 Apr 2022 17:10
Oil Trade Group Drafts Carbon-Tax Proposal The American Petroleum Institute's proposal urges Congress to adopt a carbon tax, which would put a surcharge on gasoline and other fossil fuels to discourage greenhouse-gas emissions.
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The €1M Bitcoin retirement plan reaches 200K: 'It's not too late to invest' How a blogger who buys €500 of Bitcoin every month since 2017 plans to retire early, and the lessons he learned along the way.
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William Ackman's Hedge Fund Sheds Stake in Netflix

Wall Street Journal - 21 Apr 2022 03:55
The billionaire investor said Pershing Square sold its stake in the streaming service on Wednesday, implying a loss of about $400 million, as the shares recorded their biggest one-day drop since 2004.
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Crypto Exchange Coinbase Launches Web3 Social Marketplace for NFTs in Beta Nasdaq-listed crypto exchange Coinbase has launched a Web3 social marketplace for non-fungible tokens (NFTs) in beta. In addition, the exchange noted that for a limited time, there will be no Coinbase transaction fees. �...
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AT&T adds wireless customers, HBO subscribers in final earnings as a media giant Company gained nearly 700,000 postpaid phone connections, but network upgrades and promotions squeezed profit
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Back to the office? It's here for many workers, at least a few days a week Workers are heading back to the office in increasing numbers, with larger employers taking a harder line than smaller ones.
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Tesla's Profits Jumped in the First Quarter but Challenges Loom The electric carmaker had to close an important factory in Shanghai because of China's efforts to stamp out a coronavirus outbreak.
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Ziff Davis Announces Content Partnership and Ownership Stake in Group Black The Black media collective and accelerator Group Black announced a new partnership at its upfront event Wednesday evening. The collective is collaborating with media company Ziff Davis on Group Black Amplify which will p...
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Other topics included private fundraising options, market making in crypto, and Goldman offering traditional banking services to FTX, the FT reported.
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Bitcoin, Ethereum Technical Analysis: BTC up to $42,550 Ceiling, as Bullish Momentum Continues BTC was once again trading higher, as bullish momentum extended during today’s market session. Bitcoin rose to its highest level in eleven days, breaking resistance of $42,500 in the process. ETH was also up, hitting a...
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American, United Project Packed Planes This Summer

Wall Street Journal - 21 Apr 2022 17:32
American, United Project Packed Planes This Summer Airlines said they have reached a new juncture in their recovery from the Covid-19 pandemic, anticipating record revenue in the current quarter and a return to profits this year.
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A dozen Bitcoin ATMs planned at the largest EU electronics retailer Following a successful Bitcoin ATM pilot by Europe's largest electronics retailer, 12 new Bitcoin ATMs are coming to Austria's MediaMarkt stores.
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AT&T Adds Wireless Customers, HBO Subscribers in Final Earnings as a Media Giant AT&T posted strong customer growth in its core wireless business during the first quarter as it capped its run as a modern media company.
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Algorand aims to convert network transaction fees into carbon offsets The smart contract will automatically allocate part of the Algorand blockchain's transaction fees to purchase carbon credits at the carbon offset marketplace ClimateTrade.
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Jobless Claims Slipped Lower Last Week

Wall Street Journal - 21 Apr 2022 16:54
Jobless Claims Slipped Lower Last Week Initial claims for jobless benefits fell 2,000 to 184,000 last week as employers clung to workers in a tight labor market.
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Legal Recreational Marijuana Sales Begin in New Jersey

Wall Street Journal - 21 Apr 2022 16:30
Legal Recreational Marijuana Sales Begin in New Jersey Outlets in the Garden State expect to draw customers from nearby New York and Philadelphia, where sales for recreational use haven't been approved.
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Everything You Need to Know About I Bonds

Wall Street Journal - 21 Apr 2022 16:10
Inflation-adjusted U.S. savings bonds provide a guaranteed interest rate that soon will rise to nearly 10%. We untangle the rules and strategies for making the most of them.
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