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Business News

Location American Business News for 27 April 2022
Elon Musk banned from criticizing Twitter under terms of $44B buyout Elon Musk's $44B Twitter buyout agreement includes a strange clause banning him from tweeting criticism about the company - though he already appears to be testing the rule's limits.
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The Fed will plunge the US into a major recession by hiking rates above 5%, Deutsche Bank predicts "The risks to this outlook seem clearly skewed to the downside — for a more severe recession," Deutsche Bank's economists said.
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Robinhood laying off 9% of full-time employees -- here's why Retail trading platform Robinhood Markets said the rapid headcount growth has led to some duplicate roles and job functions.
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Investors Are Eyeing Coca-Cola After A Blowout Quarterly Earnings Report Coca-Cola reported quarterly numbers that topped expectations. Here's what that means for investors.
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Compass Mining cut ties with Russian crypto miner BitRiver after the US sanctioned the company and its subsidiaries last week.
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Four European gas buyers have paid Russia in rubles for supplies, bucking the EU's urging in the energy face-off Ten European companies have opened accounts at Russia's Gazprombank as a means to meet Putin's payment demands, Bloomberg said.
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Motive's AI Dashcam is most preferred for its image and video quality, accurate in-cab alerts and hardware design.
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Archegos chief Bill Hwang arrested in alleged securities fraud scheme that helped fund increase its leverage to $160 billion before imploding According to charging documents, Hwang was able to increase the leverage of Archegos to $160 billion from $10 billion by deceiving various banks.
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Book Review: Harald Jahner's Fascinating and Depressing 'Aftermath' What happened in Germany after the war, and what does it all mean?
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Fitness Metaverse: This Tech Company Trades Sweat For Crypto And NFTs OliveX wants you to earn while you burn. The Hong Kong-based digital fitness company rewards players with crypto and NFTs as they flee marauding pirates and monsters across a dystopian wasteland.
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The Trumps' Washington Hotel Sale Is Poised to Close Next Week

Wall Street Journal - 27 Apr 2022 15:36
The Trumps' Washington Hotel Sale Is Poised to Close Next Week A Miami investment fund is paying $375 million and beginning the process of rebranding the property as a Waldorf Astoria.
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Uncle Sam Up-Ends US Solar: Here's How To Navigate The Fallout The Obama Administration energy policy promoted breakthrough research on cleaner sources while sanctioning unprecedented construction of needed infrastructure including pipelines. Trump clearly favored drilling over new ...
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Former Jefferies FX brokers launching institutional crypto exchange Crossover Markets Group Inc. is being launched by two former Jefferies FX brokers, and aims to make a splash in the institutional crypto investment scene.
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Google to pay $100 million class-action settlement in Illinois biometric privacy lawsuit Class members are estimated to receive between $200 and $400 as part of a settlement over Google's face grouping tool.
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Walmart, CVS Block or Delay Telehealth Adderall Prescriptions

Wall Street Journal - 28 Apr 2022 00:01
Walmart, CVS Block or Delay Telehealth Adderall Prescriptions The moves by some of the nation's largest pharmacies have focused on stimulant prescriptions from telehealth clinicians treating ADHD, pharmacies and people familiar with the issue say.
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Your ultimate guide to Mother's Day gifts in 2022, from the best flowers to the most unique gift baskets Consider this your go-to resource when it comes to Mother's Day gifts for your mom or the mother figures in your life.
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Dove deepfakes moms to illustrate the impact of toxic influencers on teens The brand’s newest short film explores the influence and impact of beauty advice on social media. The relationship between social media and self-esteem among teens has long been a topic of study. And while there’s st...
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Time to move from yellow to white metal, says Motilal Oswal's Precious Metals Quarterly Report Motilal Oswal report says gold on the COMEX is expected to trade in the range of $1,800 to $2,050 from a 12-month perspective. Silver prices are expected to trade higher towards $26.45 and $27.15 with strong support plac...
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Sunak launches £25m 'fraud squad' to recover lost Covid support billions Public Sector Fraud Authority will tackle criminal gangs who rip off taxpayers after criticism from MPs A £25m "fraud squad" is to be launched after MPs criticised the government's failure to crack down on criminals who...
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Gold futures trade at a two-month low, feeling pressure from a continued surge by the U.S. dollar.
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UK retail sales slump as soaring energy prices hit households CBI's April figures show worst cost of living squeeze since 1950s is starting to affect consumer spending Retail sales in the UK have slumped in April as hard-pressed households reined in their spending amid the soaring ...
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Will Merck Stock Rise After Its Q1 Results?

Forbes - 27 Apr 2022 16:00
Will Merck Stock Rise After Its Q1 Results? Not only do we expect Merck to post upbeat Q1 results, but we also find its stock to have more room for growth from its current levels, as we discuss below.
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