Business News
Cedars-Sinai workers strike for the first time in decades, negotiate for higher wages
L.A. Times - 10 May 2022 03:22
The previous three-year contract between Cedars-Sinai Medical Center and the SEIU-UHW expired on March 31. Workers are demanding higher wages.
: Uber, DoorDash, Lyft lose combined $9 billion in market cap amid selloff
Market Watch - 10 May 2022 02:59
The nation's three largest app-based gig companies extended their losing streaks and shedded a combined $9.12 billion in market capitalization Monday after a broad market selloff.
A.I. lender Upstart shares plummet more than 50% after company cuts full-year revenue forecast
CNBC - 10 May 2022 17:37
Shares of Upstart plummeted Tuesday after the consumer lending platform cut its full-year revenue outlook.
Yellen Renews Call for Stablecoin Regulation After TerraUSD Stumble
Wall Street Journal - 10 May 2022 22:42
Treasury Secretary Janet Yellen expressed hope that Congress will pass legislation this year to create a regulatory framework for stablecoins.
Earnings Results: Lemonade stock sheds initial after-hours gain following narrower-than-expected loss
Market Watch - 10 May 2022 04:23
Lemonade Inc. shares were flattish in the extended session Monday following an initial spike after the mobile-based insurance company reported better-than-expected quarterly results a day before the scheduled release.
Netflix: Separating The Myth From The Reality
Forbes - 10 May 2022 18:00NBCUniversal's 9 New Ad Formats for 2022 Upfront Give Glimpse of TV's Future
AdWeek - 10 May 2022 16:00
NBCUniversal is blurring the lines between content and commercials. On the back of its streamer Peacock announcing two ad offerings at last week's NewFronts, including an In-Scene Ad that makes marketers the star of the ...
The Big 5 Ad Holding Companies Are Supporting Their Employees' Reproductive Rights
AdWeek - 10 May 2022 17:33
Following Justice Samuel Alito's leaked opinion draft that would overturn Roe v. Wade, a number of companies in the United States have updated their healthcare policies to support employees who live in states that alread...
Altcoins stage a relief rally while Bitcoin traders decide whether to buy the dip
Coin Telegraph - 11 May 2022 00:11
Stocks and altcoin prices bounced as the sell-off in BTC took a pause, but analysts continue to warn that further downside could occur shortly.
Biden is furious about the leaks saying US intelligence helped Ukraine kill Russian generals and sink its warship, report says
Business Insider - 10 May 2022 14:55
Biden reprimanded several top defense officials after reports that the US passed on crucial information to Ukraine, The New York Times reported.
Putin Bids to Create New International Settlements Platform, Reform Foreign Currency Rules
Crypto News - 10 May 2022 13:05
Russian President Vladimir Putin has spoken of plans to revamp the country's international settlements ecosystem - in a bid to prevent Moscow from sliding into an economic quagmire at the hand of Western-led sanctions. T...
El Salvador Buys 500 Bitcoins Amid Crypto Bloodbath
Bitcoin.com - 10 May 2022 04:30
El Salvador has bought the bitcoin dip. Amid a heavy crypto market sell-off, the Salvadoran president announced that his country has purchased 500 more bitcoins. Since El Salvador adopted the cryptocurrency as legal tend...
Stock selloff 'overdone,' Fed at 'peak hawkishness,' JPM analyst says
New York Post - 10 May 2022 17:53
Panicked selling on Wall Street in reaction to the Federal Reserve's plan to combat inflation is likely an overreaction - and could represent an opportunity to snap up riskier assets, an analyst claims.
How Festivals Like Coachella Make Stars Out of Smaller Brands
AdWeek - 10 May 2022 14:00
Whether you think a music festival is gathering to see and hear the biggest artists or simply as a star-studded social media event, Coachella is the embodiment of both. The annual phenomenon captures attention well beyon...
Japanese Prime Minister Talks up Japan's Web3, NFT Focus at Investors Summit
Crypto News - 10 May 2022 04:00
The Japanese Prime Minister Fumio Kishida has stated that Web3-related growth - including metaverse and non-fungible token (NFT)-related developments - will be part of the nation's growth strategy going forward, and call...
A TikToker in Texas created a video about an email she got that started with 'Congratulations!' -- and then hiked her monthly rent by $2,500
Business Insider - 10 May 2022 03:37
Katelyn Fletcher, a content creator in Austin, Texas, took to TikTok with a video that apparently shows her rent will go up from $2,200 to $4,678.
Inside the $23.5 million mansion poised to smash another local record in Southern California
CNBC - 10 May 2022 03:34
The home's eight-figure asking price is more than double what it sold for less than six years ago.
Tinder owner sues Google in 'last resort' to avoid app-store booting
New York Post - 10 May 2022 03:18
Dating apps maker Match Group sued Alphabet's Google on Monday, calling the action a "last resort" to prevent Tinder and its other apps from being booted off the Play store for refusing to share up to 30% of their sales.
China's Geely Auto To Buy 34% Of Renault Korea Motors In Bid For South Korean, Export Markets
Forbes - 10 May 2022 02:57Earnings Results: Upstart stock plunges 40% after earnings as company cuts outlook
Market Watch - 10 May 2022 02:32
Shares of Upstart Holdings Inc. plunged more than 40% in after-hours trading Monday after the company cut its forecast for the full year, warning that the current macroeconomic climate is expected to weigh on loan volume...
2022 Bitcoin Obituaries List Outpaces First 3 Years, Schiff Says Its 'Highly Likely Bitcoin Will Crash Below $10K'
Bitcoin.com - 10 May 2022 02:30
While bitcoin’s price has dropped to levels not seen since January 2022, a number of detractors think bitcoin is on its death bed. Data stemming from the Bitcoin Obituaries list shows the leading crypto has died seven ...