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Business News

Location American Business News for 2 May 2022
Elon Musk 'vehemently' opposed Twitter's Trump ban: report Elon Musk “vehemently” opposed Twitter’s decision to ban former President Donald Trump, saying the social-media giant was wrong for “censoring … a sitting president,” according to a report. Jared Birchall, Mu...
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Melvin Capital down 23.3% year to date as founder looks to shut down fund Embattled hedge fund Melvin Capital reported another down month — just weeks after founder Gabe Plotkin said he planned to return investors’ money before opening a new fund. Melvin — still struggling to recoverafte...
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Sean Finnegan, Agency Veteran Turned Marketing Entrepreneur, Dies at 50 Sean M. Finnegan, whose three-decade career spanned leading roles as a media buyer and planner, digital advertising pioneer and an adviser, investor and leader who bridged the worlds of technology, branding and media, di...
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How a Georgia Pine Farm Became a Huge Tax Deduction

Wall Street Journal - 2 May 2022 13:30
How a Georgia Pine Farm Became a Huge Tax Deduction A minister's bequest underscores the lucrative market for conservation easements and shows why some deals are scrutinized by the IRS.
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The VF 8 is a good-looking new electric SUV built by VinFast, a new Vietnamese carmaker. It's scheduled to go on sale later this year.
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Stock Futures Tick Higher After April Swoon

Wall Street Journal - 2 May 2022 12:25
Futures on the S&P 500 and the Dow Jones Industrial Average strengthened, indicating May trading would open with gains after sharp slides for major indexes last month.
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49 genuinely useful gifts to get your teacher for Teacher Appreciation Week For Teacher Appreciation Week, show teachers you care with one of our gift ideas, from a mug warmer to gift cards.
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A greener pasture beyond their fields

livemint.com - 2 May 2022 22:19
A greener pasture beyond their fields The government aimed to double farmer incomes by 2022-23, a target it is likely to miss.While one part of the solution to doubling incomes does lie in improving farm productivity, the other major part will be in providin...
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'Don't Worry Darling' Trailer Teases Olivia Wilde's Erotic Fantasy Exactly a week after its buzzy debut at CinemaCon, Warner Bros. has released the first teaser trailer for Don't Worry Darling.
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Higher production cost to squeeze steel makers margin by 500 bps: CISRIL Ratings The potential for price hikes may be limited because of the low discount between domestic prices and the landed cost of imports, and the likely impact on demand from end-use segments such as construction and automobiles
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Netflix faces losing licensed hit shows to streaming rivals Exclusive figures reveal hit shows such as Friends could be pulled when current contracts expire Netflix faces the threat of an exodus of a number of hit shows as it battles to reignite subscriber growth, with almost a t...
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Petco Teams Up With Online Retailer Backcountry To Target Camping Canines Petco once again is seeking to separate itself from the pet retail pack with strategic partnerships.
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The Federal Reserve's Tough Spot

The New York Times - 2 May 2022 16:04
The Federal Reserve's Tough Spot A stock market dive complicates the fight against inflation.
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Bitcoin and Ethereum Struggle, XRP and LUNA Inch Higher Bitcoin price started an upside correction above the USD 38,500 level. However, it is struggling to clear the USD 39,200 resistance zone. BTC is currently (11:47 UTC) consolidating above USD 38,600 and might attempt a mo...
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Bank of Baroda slashes home and car loan interest rate. Details here As per the revised rates, BoB has announced a reduction in home loans to 6.50% per annum from 6.75% per annum for a limited period. For car loans, the interest rate has been cut to 7% per annum
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The groups told student-loan industry leaders they will use "every tool" at their disposal to ensure borrowers get the relief they deserve.
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The European Commission said Monday its preliminary view was that Apple "abused its dominant position in markets for mobile wallets on iOS devices."
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Elon Musk's stock-picking advice: 'Don't panic when the market does' The Tesla and SpaceX CEO made a foray into stock-picking advice Sunday, days after sealing a deal to buy Twitter for $44 billion.
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Why Amazon Is Winning The Consumer Battle Over Walmart PYMNTS takes an in-depth look at the latest consumer spending data to discover how much more of total consumer retail spending Amazon and Walmart managed to win in the final months of 2021.
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The Cuban Bakery Known Throughout Florida

Forbes - 2 May 2022 15:10
The Cuban Bakery Known Throughout Florida La Segunda Central Bakery exemplifies what happens when an independent business becomes known for a certain specialty; in this case, Cuban bread.
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LinearB, a platform designed to bring greater efficiency to engineering teams, has raised $50 million in a series B round of funding.
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Does News Corp's Stock Have Upside?

Forbes - 2 May 2022 14:30
Does News Corp's Stock Have Upside? After a 11% decline over the last six months, at the current price of around $20 per share, we believe News Corp stock, a global, diversified media and information services company - could see gains. NWSA stock has decli...
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