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Business News

Location American Business News for 27 May 2022

Microsoft Slows Some Hiring Amid Economic Uncertainty

Wall Street Journal - 27 May 2022 02:29
Microsoft Slows Some Hiring Amid Economic Uncertainty The software company is the latest tech giant to become more cautious about hiring.
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Is the Stock Market a Shy Bear, or Will It Become a Monster?

The New York Times - 27 May 2022 16:55
Is the Stock Market a Shy Bear, or Will It Become a Monster? The decline has been unnerving, but readers want to know how nasty this year's downturn may become. Our columnist turns to history for answers.
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JPMorgan Foresees Increased Blockchain Use in Finance -- Prepares to Offer Related Services JPMorgan expects blockchain use in finance to increase as the crypto sector grows. The global investment bank says, “We want to make sure that we are able to not only support that but also be ready to provide related s...
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Wells Fargo exec responds to reports that it denied mortgages to Black applicants and held sham job interviews Wells Fargo's Kleber Santos addressed reports about the bank denying nearly half of Black mortgage-refinancing applicants.
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How to Weather This Stock Market Storm

Wall Street Journal - 27 May 2022 19:00
For some Main Street investors, this year's decline doesn't feel like a calamity. It feels like an opportunity.
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"If your New Year's resolution was to build a household budget, it may need a refresh and a review," said certified financial planner Cathy Schaeffer.
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The Hot Ride This Memorial Day Weekend Is a Minivan. Good Luck Finding One. The multipurpose family vehicle is in vogue again--even Kim Kardashian showed up in one--and prices are through the sunroof. 'I still don't think it's attractive.'
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Two key takeaways from Nansen's UST stablecoin depeg report Blockchain analysis firm Nansen identifies two major takeaways following Terra's UST algorithmic stablecoin collapse.
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Bitcoin and Ethereum at Risk of More Losses, Altcoins May Extend Declines Bitcoin price recovered above the USD 28,500 zone. BTC attempted an upside break but struggled above USD 29,000. It is currently (11:50 UTC) struggling and might continue to move down towards the USD 27,500 level. Beside...
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TerraUSD Crash Led to Vanished Savings, Shattered Dreams

Wall Street Journal - 27 May 2022 15:00
A surgeon in Massachusetts can't stop thinking about how he lost his family's nest egg. People who put their money in TerraUSD thought it would be safe.
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Virtualization-software maker VMware Inc. agreed to be acquired by Broadcom Inc. on Thursday in an roughly $61 billion deal that will triple the chip maker's software business, and has an usual provision that lets VMware...
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Exelon Corp. CEO Christopher M. Crane sells Trump Tower condo for $1.32M Christopher M. Crane, CEO of Exelon Corp., sold his two-bedroom condo in Trump International Hotel & Tower for $1.32 million.
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Buying a home, saving for retirement, living a debt-free life. Readers wrote letters to President Biden arguing their case for student loan relief.
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Is CSX Stock A Good Buy At $31?

Forbes - 27 May 2022 16:00
Is CSX Stock A Good Buy At $31? The current high inflationary environment, rising interest rates, and recession fears have weighed on railroad stocks.
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British luxury yacht-builder Princess sets sail to find new owners Britain’s biggest luxury yacht-builder is being put up for sale even as a string of the world’s most valuable private vessels are being seized by governments clamping down on their sanctioned Russian owners.
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Microsoft is slowing hiring in its Windows, Office, and Teams divisions Microsoft joins a raft of companies reining in hiring as recession looms, but told Bloomberg it will nonetheless grow headcount in the year ahead.
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His taunt comes after AOC said that she would ditch her Tesla for another electric car that's made by unionized workers.
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Alibaba Group Holding Ltd. shares soared in Hong Kong trading on Friday, extending the positive momentum from U.S. trading overnight as investors welcomed the company's better-than-expected earnings.
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SEC Drops the Ball on Crypto Regulation and There Are Long-Term Consequences, Says Commissioner A commissioner with the U.S. Securities and Exchange Commission (SEC) has warned that the securities market regulator has dropped the ball on crypto regulation. “We’re not allowing innovation to develop and experimen...
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Workday shares fell after hours Thursday after the human resources cloud-software company's raised forecast remained mostly below the Street consensus.
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Firms face problems with supply chains, energy bills and skill shortages, says Alison Rose.
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Courting Consumers: As Enery Prices Soar Is Now A Good Time To Build A high-Profile Brand Around Low-Carbon Products? Can a business that started life advising on and selling carbon-cutting solutions to other companies establish itself as a high-profile consumer brand. That's the question Mark Sait - founder of SaveMoneyCutCarbon - hope...
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