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Business News

Location American Business News for 28 April 2022
Shares of PayPal Holdings Inc. have taken a beating this year, but they were headed about 4% higher in after-hours trading Wednesday even as the payment-technology company cut its full-year outlook and revoked its medium...
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Shares of JPMorgan, Goldman Sachs and other megabanks cool off on recession and interest rate jitters as inflation kicks in and deal-making hits the brakes.
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Rather than absorbing the studios they acquire, Tencent aims to partner with them to achiever their growth objectives.
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The airline reported a $278 million loss in the first three months of the year.
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Bernie Sanders pushes back on Romney's comments bashing student-loan forgiveness: 'I know he thinks corporations are people, but does he know people are people?' "Bernie needs to go to Econ 101," Romney told NBC News. Romney had previously said forgiving student debt would be a "bribe" to voters.
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Climate Change Could Spark Future Pandemics, Study Finds Climate change is expected to drive at least 15,000 new instances of viruses jumping between species over the next 50 years, researchers warn.
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G/O Media Buys Business Site Quartz

The New York Times - 28 Apr 2022 17:00
G/O Media Buys Business Site Quartz The deal is the latest in a wave of consolidation among digital publishers.
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Gold futures trade near unchanged Thursday after ending the previous session at a two-month low, finding support after data showed the U.S. economy contracted in the first quarter.
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Google Extends User Controls for Limiting Ads in Categories like Pregnancy and Parenting In response to high demand from its users, Google is extending categories for users to control what ads they do and don't want to see. Now, people using YouTube or Google can go to their Google Account dashboard and lowe...
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Meta shares soar after hours on increase in Facebook daily users Facebook parent Meta's first quarter profit and its count of daily users jumped past Wall Street's expectations despite the company's slowest revenue growth since going public a decade ago. Shares were up sharply in afte...
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Judge Rules Elon Musk Didn't Act Unlawfully in SolarCity Takeover Shareholders alleged the Tesla chief executive controlled the takeover and overpaid for the solar-energy company.
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Famed Whistleblower Edward Snowden Reveals He Took Part in the Zcash Launch Ceremony Edward Snowden, the well-known whistleblower and former computer intelligence consultant who exposed the Five Eyes Intelligence Alliance, has revealed he took part in the Zcash creation ceremony. Snowden says that during...
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Occitanie has all the features that draw hordes of visitors to Provence, but it's less discovered, less touristy, and less expensive.
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Why Israel Became A Safe Haven For Russian Billionaires Israel's is one of the most common second passports among Russian-born billionaires - and a crackdown on so-called "golden passport" programs in Europe means it's only going to get more popular among the super-rich looki...
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FDA Proposes Ban On Menthol Cigarettes And Flavored Cigars Menthol-flavored cigarettes make up more than one-third of all cigarette sales in the U.S.
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Richard Bartle and Richard Garriott talked at GamesBeat Summit 2022 about being new citizens of the metaverse.
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The Case for Taking the 'G' Out of ESG

Wall Street Journal - 28 Apr 2022 19:00
Why governance isn't a good way to measure a company's commitment to stakeholders.
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Deepset has built an open source NLP framework called Haystack, which helps companies build pipelines to power plain-English data queries.
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U.S. Economy Shrank in First Quarter

Wall Street Journal - 28 Apr 2022 16:50
U.S. Economy Shrank in First Quarter The U.S. economy shrank at a 1.4% annual rate in the first quarter, the Commerce Department said Thursday, its first contraction since early in the pandemic.
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Unilever's Activist Truce Should Hold for Now

Wall Street Journal - 28 Apr 2022 16:47
Activist investor Nelson Peltz has remained in the background so far and the company's latest results should help to keep it that way.
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Amazon is scheduled to report first-quarter earnings on Thursday and Credit Suisse analysts now anticipate that Prime Day will be in the third quarter instead of the second
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White House unveils plan to sell Russian oligarchs' houses and yachts to help Ukraine The White House said the plan would help United States use forfeited oligarch funds to remediate harms caused to Ukraine by Russian aggression.
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