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Business News

Location American Business News for 12 June 2022
Billion Dollar Ballers: These Athletes Have Earned More Than $1 Billion Apiece Sports all-time earning leaders include two soccer stars, a tennis pro, an NBA center, a prize fighter and a golf legend.
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If ExxonMobil's quarterly earnings were -- in President Biden's words -- "more money than God", one wonders how he would describe Apple's profits.
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Texas state senator says Uvalde school police chief's narrative on shooting is 'directly in contrast' to DPS reports Uvalde School Police Chief Pete Arredondo recently told the Texas Tribune that he did not believe he was the commanding officer during the Robb Elementary mass shooting.
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Agency workers could be called in to replace striking rail staff - report Agency workers could be called in to replace striking rail staff, according to a report.
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How supply-chain turmoil is remaking the car industry

The Economist - 12 Jun 2022 22:07
Lessons from Elon Musk
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Bitcoin was trading just over $27,000 on Sunday as cryptocurrency investors continued to sell across the space following worse-than-expected inflation numbers.
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The business secretary wants to know if a 5p fuel duty cut is being passed on quickly enough to drivers.
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McDonald's in Russia Reopens Under New Ownership

Wall Street Journal - 12 Jun 2022 16:20
McDonald's in Russia Reopens Under New Ownership The relaunched restaurants were accompanied by a marketing blitz aimed at convincing locals that the new chain's burgers are as good as the American version.
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Kim Dotcom on the 'Great Reset,' Strong Russian Ruble Puzzles Economists, and More -- Bitcoin.com News Week in Review This week, entrepreneur and activist Kim Dotcom said the “U.S. is beyond bankrupt,” and minced no words about a potential “controlled demolition of global markets.” Meanwhile, American economists are interested i...
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If you're a government or nonprofit worker who wants student-loan forgiveness, you have 5 months left to use a waiver that'll bring you closer to that relief Biden's reforms to the Public Service Loan Forgiveness program run through October 31. Here are the three steps you need to take to qualify.
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Users of Donald Trump's Truth Social claim they were suspended after posting about Jan. 6 committee hearings Truth Social users claim they were suspended by Donald Trump's platform, contradicting the site's pledge to defend free speech.
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Tesla's stock split plan aims to help Elon Musk attract and retain 'excellent talent', filing shows Tesla's plan to reduce the price of individual shares through the split would also allow more retail investors to buy its stock.
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US House Passes 7 Small Business Bills - 2 for PPP and EIDL Loan Fraud The House has passed seven bipartisan small business bills aimed at improving the operation and oversight of key Small Business Administration (SBA) programs.
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Report: Five South Korean Crypto Exchanges Respond to Litecoin MWEB Upgrade by Delisting the Coin Five South Korean cryptocurrency exchanges recently said they will delist litecoin because the crypto asset’s Mimblewimble Extension Blocks (MWEB) upgrade violates the country’s laws. As a result, the exchanges’ us...
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A concerned citizen reported a group of men that "looked like a little army" were loading into a U-Haul truck with shields and other riot gear, Coeur d'Alene police said.
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In an episode of his podcast about the Jan. 6 hearings, Giuliani said the trial is an indication of a "fascist-type government."
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US Treasury Secretary Yellen Warns Crypto Is 'Very Risky' -- Unsuitable for Most Retirement Savers U.S. Treasury Secretary Janet Yellen warns crypto is a “very risky investment,” adding that she would not recommend it to most people who are saving for retirement. However, Yellen noted that Congress could restrict ...
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Protesters demonstrating for reform in gun laws following the Uvalde shooting were startled by a man in the crowd who was heard yelling he had a gun.
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New American Express Credit Card Lets Shoppers Earn Crypto Rewards Tradable Across 100+ Cryptocurrencies American Express and Abra are launching a new credit card that will allow shoppers to earn cryptocurrency rewards “tradable across over 100 different cryptocurrencies” without annual or foreign transaction fees. Amer...
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The First TROPICS Launch Failed - Will That Undermine Hurricane Research? The 1st of three NASA TROPICS Cubesats didn't reach orbit. How will that affect hurricane research going forward?
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Huobi Launches Blockchain and Web3 Investment Arm Ivy Blocks Huobi, a leading cryptocurrency exchange, has announced the creation of a new investment arm to tackle decentralized finance and Web3 projects. Ivy Blocks, as it was named by the exchange, will focus on finding projects ...
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Putin Commits Further War Crimes With Sham Trials Of Prisoners Of War On June 10, 2022, two British nationals were sentenced to death by firing squad by a court in Russian-controlled east Ukraine. The death sentence comes after Aiden Aslin and Shaun Pinner were found guilty of "terrorism."
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