Business News
Wall Street giant's move to Nashville saves $80M a year -- but some workers feel lost
New York Post - 12 May 2022 20:49
Wall Street giant AllianceBernstein, which moved its headquarters from New York City to Nashville four years ago, is reaping massive savings from the relocation -- but some employees aren't thrilled, according to a repor...
16 International Business Travel tips
Small Business Trends - 12 May 2022 17:00
Traveling abroad requires additional precautions, take a look at these international business travel tips to protect and prepare yourself.
Earnings Results: AppLovin stock jumps more than 20% as execs consider selling one business as the other finds a new gear
Market Watch - 12 May 2022 02:05
AppLovin Inc. shares rallied in the extended session Wednesday after the app-monetization company said it expects about $2 billion from its software business alone in 2023 and to rely less on data from its apps business.
FRVR acquires free-to-play shooter Krunker.io
Venture Beat - 12 May 2022 12:00
Lisbon, Portugal-based FRVR has acquired free-to-play first-person shooter Krunker.io, a title with 50,000 custom maps.
China may chalk up more debt as lockdowns hit the economy
CNBC - 12 May 2022 05:39
China may have to issue more debt as it tries to keep growing in the face of Covid lockdowns that are stunting its economy.
Disney's Q2 lifted by theme parks, streaming subscribers
New York Post - 12 May 2022 03:20
Disney’s theme parks business continued to rebound in the second quarter as the company also added more subscribers to its Disney+ streaming service as the embattled Mouse House reported earnings after the market close...
SEC Reportedly Investigates Musk For Delay In Disclosing 5% Twitter Stake
Forbes - 12 May 2022 02:33CJ ENM, Studio Dragon And Line Digital Frontier Launch Studio Dragon Japan
Forbes - 12 May 2022 20:22Crypto mega-billionaire Sam Bankman-Fried has seen his net worth cut in half amid the crypto crash. Here's how much several other heavyweights have lost.
Business Insider - 12 May 2022 17:57
Crypto billionaires including the Winklevoss twins, Brian Armstrong, and Mike Novogratz have seen their net worth slashed amid the rout.
EU oil embargo would push Russian crude output to 18-year low, IEA says
livemint.com - 12 May 2022 16:36
Bloc's plans could drive down Russian supply by 3 million barrels a day, according to agency
MarketWatch First Take: Everybody seems scared about where streaming is headed, but calm down and see the benefits
Market Watch - 12 May 2022 05:49
Wall Street has been overanalyzing and overreacting to quarterly fluctuations in Netflix Inc.'s subscriber count for years, and other streaming services are facing the same treatment as the industry matures, but recent c...
A company that was fined $95 million after knowingly employing undocumented immigrants donated nearly $12,000 to Dr. Oz' Senate campaign, FEC records show
Business Insider - 12 May 2022 04:50Trump Organization Closes $375 Million Sale Of D.C. Hotel
Forbes - 12 May 2022 04:14The Wall Street Journal: European natural-gas prices surge as Russia sanctions energy companies
Market Watch - 12 May 2022 17:58
The restrictions could reduce Europe's flexibility to import Russian gas through routes beyond Ukraine, though the full implications on gas supplies weren't yet clear, analysts said.
US stocks fall as broad sell-off continues after fresh inflation print
Business Insider - 12 May 2022 17:42
Producer Price Index data released on Thursday showed wholesale prices jumped 0.5% in April and 11% year-over-year.
Siemens, the German Conglomerate, Is Leaving Russia
The New York Times - 12 May 2022 17:35
Siemens said its second-quarter earnings took a $625 million hit because of Western sanctions on Russia.
Economic Report: U.S. wholesale inflation slows in April, but prices still up 11% in the past year
Market Watch - 12 May 2022 17:31
The cost of wholesale goods and services rose milder 0.5% in April vs the prior month, but intense inflationary pressures in the guts of the economy showed little sign of relenting.
Earnings Results: Dutch Bros. stock spills 37% lower after forecast cut due to inflation
Market Watch - 12 May 2022 04:20
After just its third quarterly earnings report since going public, coffee chain Dutch Bros. Inc. shares were slaughtered in late trading Wednesday after executives revised their annual outlook to predict less profit this...
South Korean Court Gains Support from Exchanges in Bid to Include Crypto in Bankruptcy Cases
Crypto News - 12 May 2022 04:00
South Korea's judiciary is set to include crypto holdings in lists of debtors' assets in bankruptcy cases - and the nation's leading crypto exchanges have agreed to cooperate with courts on the matter....
Elon Musk's late disclosure of Twitter stake spurs SEC probe: report
New York Post - 12 May 2022 03:23
The Securities and Exchange Commission is investigating Elon Musk's delayed disclosure of his sizable stake in Twitter last month, the Wall Street Journal on Wednesday, citing people familiar with the matter.
Disney Tops 205 Million Global Streaming Subscribers, Sets Sights on Netflix
AdWeek - 12 May 2022 03:00
Disney is putting Netflix on notice. On Wednesday, Disney held its earnings call for the second fiscal quarter of 2022, revealing a gain of 7.9 million Disney+ subscribers, which brings the platform's total global subscr...
: Lordstown stock soars more than 30% as Foxconn factory sale goes through
Market Watch - 12 May 2022 02:45
Shares of Lordstown Motors Corp. jumped more than 30% in the extended session Wednesday after Lordstown said the deal to sell its factory to Foxconn went through, giving the electric truck maker a much needed cash infusi...