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Business News

Location American Business News for 21 June 2022

America Faces a Housing Bust

Wall Street Journal - 21 Jun 2022 19:45
All the ingredients seemed to be in place at the start of 2022 for a continued housing boom, but now the market has priced itself for a sharp reversal.
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Mondelez to Acquire Clif Bar for $2.9 Billion

Wall Street Journal - 21 Jun 2022 02:05
The deal adds the brands Clif Bar, Luna and Clif Kid to the global snack maker's food business.
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SEC Chair Warns of 'Too Good to Be True' Crypto Products -- US Treasury Calls for Urgent Regulation The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned the public about crypto investments that seem “too good to be true.” Meanwhile, the U.S. Treasury Department says that the r...
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Bitcoin's Price Bounces Above $21,000, Reversing Weekend Slide

Wall Street Journal - 21 Jun 2022 22:14
The price of the most widely used cryptocurrency remains down 69% from last November's high.
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Comedian Jenny Yang Invites the 'Goop Goddess' to an MSG Feast to Help Redefine Clean Eating Though keeping an eye on nutrition can be beneficial, "clean eating" trends have long been criticized for a tendency to cast food from non-white cultures as being disproportionately unhealthy. Perhaps nowhere has that mi...
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President Biden Insists US Recession Is Not Inevitable -- Treasury Secretary Yellen Concurs President Joe Biden and Treasury Secretary Janet Yellen say that a U.S. recession is not inevitable, dismissing the concerns of many economists who have predicted an upcoming recession. In addition, Biden insisted that t...
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Spirit had postponed a shareholders' vote on merger with Frontier as it weighs competing offer from JetBlue.
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Why A Gas Tax Holiday Probably Won't Work

Forbes - 22 Jun 2022 01:13
Why A Gas Tax Holiday Probably Won't Work The gasoline tax holiday being proposed is unlikely to provide any noticeable relief to high gasoline prices.
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Stock Market Could Crash Another 20% If U.S. Plunges Into Recession--These Industries Are Most At Risk "The bear market will not be over until recession arrives--or the risk of one is extinguished," Morgan Stanley has warned clients.
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Actress Yaya DaCosta, who was on NBC's 'Chicago Med,' lists Near West Side condo for $1.3M Actress Yaya DaCosta on Monday placed her three-bedroom, 2,200-square-foot condo on the Near West Side on the market for $1.3 million
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A whole bunch of Wall Street banks and Tesla's Elon Musk are saying a recession is coming.
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How the cost of living crisis is hammering UK households - in charts Highest inflation rates since the 1980s and wage stagnation have squeezed household budgets Britain is facing the highest rates of inflation since the early 1980s, with households suffering the biggest hit to their incom...
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Polestar Says It Expects to Complete SPAC Merger

Wall Street Journal - 21 Jun 2022 15:35
Polestar Says It Expects to Complete SPAC Merger If shareholders approve, the unit of Chinese car maker Zhejiang Geely Holding Group will combine with Gores Guggenheim and begin trading Friday.
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Officials believe many Uyghurs have been forced to work at factories in the landlocked territory.
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Alternative student loans are an attractive option to avoid taking on traditional student loans. But be aware of the risks.
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Energy Stocks Jump As Oil Surges Again--Prices Will Remain Elevated Through Summer Some analysts say oil and gas prices will moderate by early next year.
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Interest rate hikes, persistent inflation, a labor shortage and supply-chain disruptions are all adding to the challenges faced by small businesses.
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Tax on your gold and real estate investments

livemint.com - 21 Jun 2022 22:53
Tax on your gold and real estate investments Here is a look at the taxes that apply to short-term and long-term gains from these two asset classes
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At the Open Source Summit event today, Torvalds discussed the state of Linux, open-source security and new technology and the impact of the pandemic on Linux development.
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Why startup Cinchy wants to kill data integration

Venture Beat - 21 Jun 2022 17:46
Cinchy claims to provide data management that disconnects data from enterprise apps and reconnects it together in a universal data network.
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CloudFeather Games gained $1.25M in seed funding to further develop its game dev tools focused on implementing real money bounties.
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U.S. Sale Of Heavy Attack Drones To Ukraine Hangs In The Balance The Biden administration is weighing providing MQ-1C Gray Eagle attack drones to Ukraine, but several arguments have been raised against it. The drones would be a potent addition to Ukraine's arsenal and the case is an i...
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