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Business News

Location American Business News for 16 June 2022
Oil futures trade lower Thursday as global central banks followed the Federal Reserve in delivering interest rate hikes to combat inflation, raising worries over economic growth prospects and crude demand despite tight s...
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Lego is building a $1 billion factory in Virginia to capitalize on its fast-growing US fanbase The Chesterfield County plant will create almost 1,800 jobs when operational in 2025 and be partly powered by renewable energy from a solar park.
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Bill Gates: Crypto Is 100% Based on Greater Fool Theory -- 'I'm Not Involved in That' Microsoft co-founder Bill Gates says crypto is an asset class that is 100% based on the Greater Fool Theory. The billionaire also mocked Bored Ape NFTs, stating: “Obviously, expensive digital images of monkeys are goin...
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Work, the wasted years

The Economist - 16 Jun 2022 13:26
Logging in, deleting emails, mistyping things. It all adds up
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Prosecutors investigating Parlor Pizza Bar's tax payments

Chicago Tribune - 16 Jun 2022 23:27
Prosecutors investigating Parlor Pizza Bar's tax payments The subpoena marks the latest development in a string of problems for Parlor, which has also been investigated by the city for alleged sexual harassment, discrimination and labor law violations.
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Three Money Mistakes to Avoid in a Bear Market

Wall Street Journal - 16 Jun 2022 13:30
There are ways to protect your finances in a downturn without acting rashly.
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Billionaire Sam Zell: I've Stayed Away From Bitcoin at All Costs The billionaire founder and chairman of Equity Group Investments, Sam Zell, says he is staying away from bitcoin at all costs. He explained that he does not understand the cryptocurrency and believes that a currency with...
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The Federal Reserve Cannot 'Tighten' Credit, and It Never Could In a credit sense there's only one economy, and it's global.
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Elon Musk Expected to Reiterate Desire to Own Twitter

Wall Street Journal - 16 Jun 2022 03:54
Elon Musk Expected to Reiterate Desire to Own Twitter The billionaire also is likely to clarify remarks on remote work and strategy at a virtual meeting with the social-media platform's employees on Thursday.
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How NBCUniversal Is Bringing Fandom--and 'BravoCannes'--to Cannes Lions NBCUniversal is making a splash as it returns to Cannes Lions. The company will be back at the first in-person festival since 2019 with a full slate of programming, which it is calling "BravoCannes," as it works with bra...
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Clockwork Labs has raised $22 million so that it can develop BitCraft, which is its community sandbox MMORPG.
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Bank's rate rise is a couple of sparklers compared with Fed's fireworks | Nils Pratley The next time the Bank of England debates interest rates we're likely to see a half-point increase Five interest rate rises in a row from the Bank of England would once have been regarded as strong and determined action ...
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The Bank of England increases rates to 1.25% and forecasts inflation could surpass 11% this year.
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Retail Technology Companies Are Facing A Very Different Investor Landscape Retail technology companies that need capital now have to go about getting it very differently than in the recent past.
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'Tracer' Launches K-Drama Collaboration Between Amazon And Kocowa/wA Through the partnership Kocowa will provide dramas as a paid subscription channel under Prime Video.
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Your Next Credit Card Could Be Made From A Retired Boeing 747 Delta Air Lines and American Express are launching the world's first credit card crafted from a retired Boeing 747-400 from the airline's own fleet. The chip-enabled card will certainly turn heads when you use it to pay,...
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Walgreens Launches Clinical Trial Business As FDA Seeks Diversity Of Patients Walgreens is launching a clinical trial business to increase racial and ethnic diversity for patients in drug research.
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Walgreens to launch business that will connect customers with clinical trials Walgreens will launch a clinical trials business, in which it helps pharmaceutical companies find participants for clinical trials
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Losing passengers will endanger thousands of rail jobs, the transport secretary says.
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American Airlines says it will hike pay for 14,000 pilots even higher than originally proposed, as the industry faces a crippling labor shortage CEO Robert Isom's message comes shortly after pilots at two wholly American Airlines owned regional carriers received a groundbreaking pay rise.
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Bank of England's interest rate rise may cause more harm than good What a strange world we're living with where increasing interest rates could be construed as not being tough enough on inflation. Yet that is the world we seem to be living in.
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They need to work harder at more tasks, and to deploy softer skills
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