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Business News

Location American Business News for 17 June 2022
For families with strong habits to curb spending, sticking to their strict household budget is the plan.
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BlockFi, Crypto.com, and Others Come Forward as Three Arrows Hires Advisers, Babel Finance Pauses Withdrawals After several days of intense discussions and rumors circulating about insolvency at major crypto hedge fund Three Arrows Capital (3AC), more details about the financial exposure other companies in the space have had to ...
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Billionaire Jeffrey Gundlach Says He Wouldn't Be Surprised at All if Bitcoin Falls to $10K Doubleline Capital CEO Jeffrey Gundlach, also known as the “bond king,” says he would not be surprised at all if the price of bitcoin falls to $10K. “We’ve already seen around the edges some blowups in parts of t...
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Fashion Fair Cosmetics Makes a Bold Return With Illuminating Doc, The Beauty of Blackness In the late 1970s, long before today's crowded beauty landscape, Johnson Publishing launched Fashion Fair Cosmetics, successfully developing the first makeup line exclusively for Black and brown women. Now, the beauty br...
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Vince McMahon Investigation: WWE Stock Price Slides In Wake Of Probe WWE's stock price was down Thursday one day after a bombshell report of Vince McMahon's investigation.
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Crypto Payments Possible if They Don't Penetrate Russia's Financial System, Central Bank Says Cryptocurrencies can be used for international payments if they don’t penetrate the Russian financial system, the head of Bank of Russia has stated. The governor also insisted that the digital assets should not be trad...
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Donald Trump's legal dance card is so full, lawyers for his New York cases say they're double-booked So many cases, so little time. Seven of Donald Trump's toughest legal battles have dates, deadlines and depositions in NY this summer.
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The Federal Aviation Administration has reached an agreement with Verizon Communications Inc. and AT&T Inc. that will allow the wireless carriers to expand their 5G service around some airports while continuing to tempor...
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Disney, Twitter Blast Off on #MissionLightyear To Twitter, and beyond. Disney teamed up with brand strategy team Twitter Next on #MissionLightyear, a campaign backing Disney and Pixar feature film Lightyear, which hits theaters Friday (June 17), and incorporating twe...
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Firm's founders say they still believe in the future of cryptocurrencies
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Today, compromised passwords and usernames are enabling all kinds of threat actors to perform all kinds of account takeover (ATO) attacks.
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Wall Street: Coinbase flew too close to the sun

Business Insider - 17 Jun 2022 15:50
Wall Street: Coinbase flew too close to the sun In today's 10 Things on Wall Street: Former Coinbase employees felt the writing was on the wall for the crypto exchange, which expanded too quickly.
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What To Expect From Credit Suisse Stock?

Forbes - 17 Jun 2022 13:00
What To Expect From Credit Suisse Stock? The broader markets have witnessed selling pressure over the recent months due to high inflation numbers, aggressive interest rate hikes by the Fed, and the Russia-Ukraine crisis.
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How Dangerous Is The Bear Market?

Forbes - 17 Jun 2022 22:40
How Dangerous Is The Bear Market? The bear market is here, but how long will it stay? Commonwealth CIO Brad McMillan looks at previous bear markets to help determine where we go from here.
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ECB Considers Capping Digital Euro in Circulation at 4,000 per Capita, Panetta Reveals With concerns about financial stability in mind, the European Central Bank (ECB) plans to limit digital euro holdings, according to Board Member Fabio Panetta. The plan is to have a maximum amount of digital cash in circ...
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Why Alt-Health Is Retail's Next Big Growth Opportunity Innovative startups are creating a cottage industry in alternative healthcare, and it presents a giant opportunity for retailers. Reward-based strategies in particular can be fast-track vehicles for retailers to become p...
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Fight against inflation raises spectre of global recession Analysis: Interest rate cuts show central banks willing to plunge economies into recession to halt price rises The fight against inflation intensified this week as central banks stepped up their efforts to cool rising pr...
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Dozens Injured by Hot Coals at Company Event in Zurich

The New York Times - 17 Jun 2022 17:03
Dozens Injured by Hot Coals at Company Event in Zurich More than two dozen employees of a Swiss company were injured while walking in bare feet over hot coals, an ancient religious tradition that has become popular on corporate retreats.
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Why Some States Are Expanding Tax-Free Periods

The New York Times - 17 Jun 2022 17:00
Why Some States Are Expanding Tax-Free Periods The "holidays" are aimed at helping consumers, but they're also politically attractive. Tax experts say they provide only modest benefits.
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Energy firm Eni says it will only receive half the gas requested from Russia after two days of shortfalls.
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What Leaders Get Wrong About Resilience

Harvard Business Review - 17 Jun 2022 16:25
It’s not a fixed personality trait. It’s a state any employee can attain — with enough organizational support.
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McDonald's agrees to pay France $1.3 billion to settle a case accusing it of tax evasion over a 10-year period The lawsuit alleged that McDonald's transferred the fees it received from French franchises to a unit in Luxembourg, per The Times.
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