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Business News

Location American Business News for 28 June 2022
Nike Inc. late Monday reported quarterly earnings above Wall Street expectations and said its board approved a new, $18 billion share buyback program, sending the apparel maker's shares higher in the after-hours session.
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Goldman Sachs Downgrades Coinbase to Sell Rating -- Analyst Says Firm Needs to Make Cost Base Reductions Analysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from t...
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Daiya Goes Heavy on the Drama in Film Noir-Style Ads for Plant-Based Cheese The characters in new ads for Daiya are clearly distressed--the evidence is written all over their tear-stained faces in videos that look like scenes from classic film noir. The source of their trauma? Life without chees...
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Crypto Exchange That Hosted a Scammer's Wallet Is 'Not Liable' For Victim's Losses, Court Rules A South Korean judge has ruled that a domestic crypto exchange is not liable for the actions of a voice phishing scam gang who transferred their victims' coins onto its platform. According to Newsis, an individual named ...
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Whole Foods to Focus on Price as Pandemic Eases, Incoming CEO Says The grocer is considering changes as inflation alters the way consumers shop, notes Jason Buechel, who will succeed co-founder John Mackey.
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The company buying Trump's Truth Social warned the deal could collapse because it's been subpoenaed by a federal grand jury The proposed acquisition of Trump Media and Technology Group is already under investigation by the SEC.
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How HIMARS Rockets Can Help Turn The Tide In Ukraine The U.S. Army's mobile rocket system could have a big impact on the course of the war in Ukraine.
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Swiping your credit card for ready cash is easy but unlawful Certain merchant sellers offer to pay cash on cards but experts say this is illegal and should be avoided
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Psychologists warn the fall of Roe v. Wade will worsen the mental health crisis The American Psychological Association said the Supreme Court abortion ruling will increase stress, anxiety, and depression. The Supreme court abortion ruling could also have repercussions for Americans’ mental health....
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Buffett's company now holds 153.5 million of Occidental's common shares, $10 billion of its preferred stock, and about 84 million stock warrants.
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PlayStation Plus Free Games July 2022: Predictions, Rumors, Leaks And More This week, Sony will reveal next month's free PlayStation Plus games for the basic PS Plus Essential tier.
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Nike Posts Flat Sales, Jump in Inventories

Wall Street Journal - 28 Jun 2022 03:09
Nike Posts Flat Sales, Jump in Inventories Declining revenues in North America and China offset gains in Europe. The results were better than Wall Street analysts had predicted.
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Companies Scramble to Work Out Policies Related to Employee Abortions Some have offered to cover travel and other expenses for employees, and are working to ease worker fears about safety and confidentiality.
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Tom Cruise's All-Time Career Earnings Top $1 Billion One of movies' last leading men has reached a new milestone with career gross earnings of almost $1.1 billion, thanks to the savvy deal he struck with Paramount.
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Gold prices inched higher on Tuesday, but remained mired in a range between $1,800 and $1,880 --- a range that has held since mid-May.
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At Toshiba, Activist Investors Finally Get a Seat at the Table

Wall Street Journal - 28 Jun 2022 16:53
Toshiba said it has received 10 nonbinding proposals from different suitors. With two activist investors now on the board, the company and its shareholders must work together to remake the industrial conglomerate.
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The nation's trade deficit in goods fell 2.2% in May to $104.3 billion, marking the second decline in a row after the gap hit a record high. The U.S. imported fewer food products, drinks and consumer electronics.
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How To Continue To Mess Up A Golden Opportunity Worth Billions For Argentina In A World Of High Energy Prices Productive Development Minister MatĂ­as Kulfas' "resignation" a few weeks ago reads as a cautionary tale as to how not to conduct a coalition government, proving once again that the Argentine political system suffers fro...
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This 3-Fund Portfolio Pays $5,000 Every Month Thanks to the selloff, it's possible to buy closed-end funds (CEFs) at such high yields that we can do what seemed unthinkable just a few months ago...
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Companies scramble to work out policies related to employee abortions After companies announced they would cover travel expenses for their employees to get abortions, executives have had to move swiftly to sort out the mechanics of those policies.
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Ernst & Young to Pay $100 Million Fine After Auditors Cheated on Exams The S.E.C. said the cheating involved hundreds of the firm's auditors from 2017 to 2021.
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4 Ways To Better Manage A Hybrid Work Environment Letting go of traditional leadership ideas is often the most difficult hurdle to overcome, but it's vital with hybrid teams.
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