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Business News

Location American Business News for 24 June 2022
GogoX, Hong Kong's First Tech Unicorn Startup, Slumps In Trading Debut Shares of GogoX, formerly known as GogoVan, fell 22% from their initial public offering price in their first day of trading Friday, giving it a market capitalization of $1.3 billion.
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U.S. stocks haven't yet seen the extreme investor capitulation that's typical of market bottoms.
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How The Nature Conservancy's Blue Bond Helped Belize Restructure Its Debt And Conserve Its Oceans The $364 million debt conversion reduced Belize's debt by 12% of GDP, created long-term sustainable financing for conservation, and locked in a commitment to protect 30% of Belize's ocean. The project just won the Grunin...
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Pinterest's Cannes Activation Aims for Offline Fulfillment Pinterest specializes in helping users find inspiration for anything from home decor to dinner ideas. At this year's Cannes International Festival of Creativity, Pinterest created an activation to bring that thrill of ex...
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The E-2 Visa: Financial Workhorse Of U.S. Immigration For Foreign Investors There is little doubt that the U.S. E-2 foreign investor work visa has been the workhorse of foreign investment into the United States over the years. But processing of such visas is backlogged. Creative lawyering is nec...
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Fight the Bear-Market Blues With Roth IRA Conversion

Wall Street Journal - 24 Jun 2022 13:30
Roth IRAs are the best retirement plans to have, and this year's market declines have put them on sale.
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EY Grapples With Partner Pay, Bear Market in Breakup

Wall Street Journal - 24 Jun 2022 13:30
EY Grapples With Partner Pay, Bear Market in Breakup The Big Four accounting firm has made changes to its earlier plan to split the firm, including agreeing to offer some payout to partners who retire this year or next, before the deal closes, according to an internal webc...
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A pullback in bond yields this week helped the tech-rich Nasdaq Composite push up nearly 7% for the week.
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EY Grapples With Partner Pay, Bear Market in Breakup

Wall Street Journal - 24 Jun 2022 13:30
The Big Four accounting firm has made changes to its earlier plan to split the firm, including agreeing to offer some payout to partners who retire this year or next, before the deal closes, according to an internal webc...
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Exceptionally Good Conditions For Stock Bull Market Launch In July A remarkable combination of indicators foretells the next bull market
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The congresswoman flatly denied sending panicked e-mails. "I was never worried about going to prism," she said.
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Astrid & Miyu, Beloved London-Based Jewelry Brand, Opens First US Store In New York City Astrid & Miyu, a London-based digital direct-to-consumer jewelry brand, is opening its first US store today. The mint green frontage and tastefully decorated interior are situated in New York City's cozy Nolita neighborh...
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Russian Jets Are Flying So Low To Dodge Ukrainian Air-Defenses That They're Running Into The Ground The same low flying that helps pilots to dodge enemy air-defenses also exposes them to a separate risk: collisions with the terrain.
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SIM Swaps, Other Crypto-related Crimes Set to Rise in South Korea, Says SK A South Korean telecommunications giant has claimed that SIM swap-type crypto attacks are on the rise in the country - and has predicted a rise in all crypto-related crime cases in the second half of 2022. The claims wer...
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FedEx Benefits From Higher Shipping Rates, Fuel Surcharges

Wall Street Journal - 24 Jun 2022 02:54
FedEx Benefits From Higher Shipping Rates, Fuel Surcharges The delivery giant's operating income rose 6.7% from a year earlier to $1.9 billion, led by its Freight and Express units, where operating income rose 67% and 20%, respectively.
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Democratic Rep. Andy Levin deletes tweet showing him doing yoga poses and releasing 'toxicity' after Supreme Court guts abortion rights: 'I turn inward, at least for a moment' "Let us release toxicity," Levin said in a since-deleted tweet showing him doing yoga in his congressional office.
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Zendesk Finds Serenity Now

Wall Street Journal - 24 Jun 2022 23:11
Its buyout is worth about $6.6 billion less than a previous offer, but the software maker had boxed itself in.
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Mastercard Has Dropped an Album. Will People Listen? It's been a decade since consumers began conversing with voice-activated assistants Siri and Alexa. In all that time, brands have continued to struggle to find their own voices in this sonic revolution. Mastercard believ...
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Clarence Thomas: Court Should Reconsider Gay Marriage, Birth Control Decisions Next After Overturning Roe Justice Clarence Thomas said the court "has a duty to 'correct the error'" of cases that legalized same sex intimacy and marriage, as well as access to birth control.
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Ukraine's Quadcopters Avoid Russian Jamming -- And Target Russian Drone Operators A drone location system called Aeroscope threatened to ground Ukraine's quadcopters and jammers knocked them out of the sky -- but the elite drone operators of Aerorozvika are fighting back with countermeasures of their ...
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The latest mobile game studio in Turkey, Cypher Games, has raised $3.2 million in pre-seed funding to develop casual mobile games.
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Trump made a secret call to Vladimir Putin just before the 2020 election, report says According to filmmaker Alex Holder, the call was made on a flight on October 25, 2020. No public record of such a call exists.
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