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Business News

Location American Business News for 13 May 2022
Elon Musk tweeted to say the $44 billion Twitter deal had been paused, pending more details about fake accounts on the social media website.
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Warren Buffett's Berkshire Hathaway buys more Occidental Petroleum stock, boosting its bet on the energy giant to about $7.5 billion Berkshire piled another $52 million into Occidental stock, after investing $7 billion in the oil-and-gas company in about two weeks earlier this year.
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Warren Buffett-Backed Nubank Launches Crypto Trading -- Holds Bitcoin on Balance Sheet Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, has launched cryptocurrency trading. Starting with bitcoin and ether, the bank explained that its 54 million customers can “buy, hol...
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Global stocks bounce back after volatile week as Fed chair Powell's comments prop up risk appetite Federal Reserve chair Jerome Powell downplayed the chances of larger interest rate hikes ahead, giving equity investors some comfort.
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Terra Blockchain Halted Again as Validators Search for 'Plan to Reconstitute It' The Terra (LUNA) blockchain has been halted by network validators for the second time, after saying on Thursday that block production had been resumed again. Despite the network halt, the token continues to be traded on ...
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NPR's Peter Sagal, host of 'Wait Wait...Don't Tell Me!', sells Oak Park home for $505,000 Peter Sagal, the host of the National Public Radio game show "Wait Wait...Don't Tell Me!," sold his four-bedroom stucco house in Oak Park
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California's minimum wage will rise to $15.50, triggered by soaring inflation The state's minimum wage for large employers is currently $15 an hour, with employers that have fewer than 26 workers paying $14 an hour.
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Samsung Creates a Roblox Experience with Charli XCX in Latest Metaverse Experiment Samsung is teaming with pop star Charli XCX for its latest foray into the metaverse with a new Roblox game and concert experience. The activation tasks players with building and performing on their own custom stages with...
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With a midterm election looming in the fall, and both houses of Congress about to take an extended break in August, the prospect of antitrust legislation is dimming. Policy experts deem the next three months a "jump ball...
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You can rent a 'bunk bed pod' in the Bay Area with 13 people for $800 a month Brownstone Shared Housing posted an ad for anyone looking to live in Palo Alto, the birthplace of Silicon Valley and the home of Stanford University.
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Thinx and Mischief Partner for a Campaign That Gets Uncomfortable on Purpose According to a recent study by absorbent underwear brand Thinx and Ipsos' U.S eNation, 60% of Americans think that "moist" is the most cringeworthy word in the English language. The word "panties" is not far behind, mana...
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Donald Trump's longtime appraisers say NY AG Letitia James is violating their clients' privacy — but what she really wants to probe is them Real estate services giant Cushman & Wakefield is appealing a Trump-probe subpoena that directly targets five of its own appraisers.
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Billionaire George Soros's investment fund has doubled down on its bet on Rivian Automotive Inc. and taken new positions on EV makers Nio Inc. and Lucid Motors Inc., according to a filing late Friday. The fund sold off i...
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How to get the YouTube or YouTube TV app on Roku to stream your favorite shows and playlists You can add the YouTube or YouTube TV app to your Roku device through the search function on your Roku remote.
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The majority of people in the U.S. who are testing positive for the virus right now likely aren't being included in official case counts.
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Toshiba Shareholder Payday Still Has One More Hurdle: Tokyo

Wall Street Journal - 13 May 2022 14:18
After years of delays and deflections, Toshiba management has finally agreed to consider selling the company. But Tokyo will still have the ultimate say.
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Investors Face a World Where Stocks No Longer Reign

Wall Street Journal - 13 May 2022 13:30
The age-old mantra of "there is no alternative" to stocks gets a stiff test as market losses mount, inflation accelerates and interest rates rise
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The Hong Kong Monetary Authority had now sold about US$1.09 billion this week to stop the local currency trading beyond the weak end of its permitted range of 7.75 to 7.85 Hong Kong dollars per U.S. dollar.
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Chelsea Secures First Crypto Shirt Sponsor in USD 24M Deal Shortly after the UK seized the club from sanctioned Russian oligarch Roman Abramovich and a group of investors paid GBP 2.5bn (USD 3.1bn) for his shares, Chelsea FC is teaming up with digital asset investing platform Wh...
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Earlier this year, Apple Inc. looked like it was on its way to becoming the first $3 trillion company. Today, it's no longer the most valuable company in the world.
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Review: 'Firestarter' Is Full Of Smoke And Fury, Signifying Nothing Minus some exceptional (albeit underutilized) casting, 'Firestarter' fizzles. In the words of Zac Efron from the superior 'Neighbors,' "I'm not mad, I'm just disappointed."
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A 'bloodbath' week may herald the beginning of another crypto winter, some industry participants said.
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