Business News
Futures Movers: Oil turns lower as central banks hike interest rates
Market Watch - 16 Jun 2022 16:24
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...
Lego is building a $1 billion factory in Virginia to capitalize on its fast-growing US fanbase
Business Insider - 16 Jun 2022 16:21Bill Gates: Crypto Is 100% Based on Greater Fool Theory -- 'I'm Not Involved in That'
Bitcoin.com - 16 Jun 2022 06:00
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...
Work, the wasted years
The Economist - 16 Jun 2022 13:26
Logging in, deleting emails, mistyping things. It all adds up
Prosecutors investigating Parlor Pizza Bar's tax payments
Chicago Tribune - 16 Jun 2022 23:27
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.
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.
Billionaire Sam Zell: I've Stayed Away From Bitcoin at All Costs
Bitcoin.com - 16 Jun 2022 08:30
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...
The Federal Reserve Cannot 'Tighten' Credit, and It Never Could
Forbes - 16 Jun 2022 07:00Elon Musk Expected to Reiterate Desire to Own Twitter
Wall Street Journal - 16 Jun 2022 03:54How NBCUniversal Is Bringing Fandom--and 'BravoCannes'--to Cannes Lions
AdWeek - 16 Jun 2022 18:00
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...
Clockwork Labs raises $22M for community sandbox MMORPG BitCraft
Venture Beat - 16 Jun 2022 17:45
Clockwork Labs has raised $22 million so that it can develop BitCraft, which is its community sandbox MMORPG.
Bank's rate rise is a couple of sparklers compared with Fed's fireworks | Nils Pratley
The Guardian - 16 Jun 2022 17:30
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 ...
UK interest rates raised to 1.25% by Bank of England
BBC - 16 Jun 2022 16:59
The Bank of England increases rates to 1.25% and forecasts inflation could surpass 11% this year.
Retail Technology Companies Are Facing A Very Different Investor Landscape
Forbes - 16 Jun 2022 16:29'Tracer' Launches K-Drama Collaboration Between Amazon And Kocowa/wA
Forbes - 16 Jun 2022 16:21Your Next Credit Card Could Be Made From A Retired Boeing 747
Forbes - 16 Jun 2022 16:00Walgreens Launches Clinical Trial Business As FDA Seeks Diversity Of Patients
Forbes - 16 Jun 2022 16:00Walgreens to launch business that will connect customers with clinical trials
Chicago Tribune - 16 Jun 2022 16:00
Walgreens will launch a clinical trials business, in which it helps pharmaceutical companies find participants for clinical trials
Rail strikes will drive passengers away, Grant Shapps says
BBC - 16 Jun 2022 15:42
Losing passengers will endanger thousands of rail jobs, the transport secretary says.
American Airlines says it will hike pay for 14,000 pilots even higher than originally proposed, as the industry faces a crippling labor shortage
Business Insider - 16 Jun 2022 15:42Bank of England's interest rate rise may cause more harm than good
Sky News - 16 Jun 2022 15:37
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.
How modern executives are different from their forebears
The Economist - 16 Jun 2022 14:23
They need to work harder at more tasks, and to deploy softer skills