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Business News

Location American Business News for 1 July 2022
Copper prices have fallen to their weakest level in 17 months
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GM is making just 12 electric Hummers a day at its Detroit factory despite a waiting list of 77,000 buyers, report says Consultants say the pace is unusually slow given that production for the vehicle began more than six months ago, The Wall Street Journal reported.
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A Facebook lawyer called on a judge to "crack the whip" against whistleblower Daniel Motaung
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Cooling Demand for Goods Threatens to Turn Pandemic Boom Into Bust Surveys of manufacturers told a similar story whether the factory was in South Korea or Italy: Output is falling or is rising at a slower pace, driven by declines in new orders, and particularly those from overseas buyer...
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Sotheby's To Bring A Most Rare Shakespeare First Folio Under The Hammer In New York On July 21 This First Folio has spent the last 399 years in private hands; on July 21 Sotheby's Rare Books Department will bring it under the hammer. The estimates range between $1.5-$2.5 million. Its publication in 1623 saved 18 p...
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The nuances are crucial, because if you mess it up, it can cost you.
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The Pandemic Changed Us. Now Companies Have to Change Too.

Harvard Business Review - 1 Jul 2022 16:25
Employees are renegotiating their social contracts with work. Here’s what employers need to do to honor their end of the bargain.
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Deutsche Bank Predicts Bitcoin Rising to $28K by Year-End -- Warns 'Crypto Free Fall Could Continue' Deutsche Bank has predicted that the price of bitcoin will increase nearly 40% from the current level to $28K by the end of the year. The bank’s analysts also warned that “the crypto free fall could continue.” Deut...
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Hong Kong Stock Exchange Closed On July 1

Forbes - 1 Jul 2022 05:04
Hong Kong Stock Exchange Closed On July 1 Rule over the former British colony was returned to the mainland 25 years ago.
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Yuan-ruble trade hits a 6-month high as Chinese exports to Russia jump amid Western sanctions Spot trading between the two currencies rose to 321 million yuan, or $48 million, in the interbank market.
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Top 10 cybersecurity colleges in the U.S. in 2022

Venture Beat - 1 Jul 2022 16:10
Here are our picks for the top cybersecurity training, courses and opportunities available from colleges across the U.S.
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US stock futures edge lower as recession fears continue to prey on investors Analysts say markets are headed for more volatility, as Russia's war with Ukraine and post-pandemic issues add to the risk of economic slowdown.
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Marketing Morsels: Old Spice x Arby's Tackle Meat Sweats, Taco Bell's Cheez-It Crunchwrap and More Welcome to Marketing Morsels, a menu of delightful news items from the past week. Enjoy the assortment! Morsel #1: Old Spice and Arby's unite to battle the meat sweats Arby's is acknowledging that the egregious stack of ...
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Coinbase Reveals European Expansion Plan -- Seeks Licenses in Spain, Italy, France, Netherlands Cryptocurrency exchange Coinbase has revealed its plan to expand in several European markets. The company is reportedly in the process of registering a crypto exchange in Spain, France, Italy, and the Netherlands. Coinba...
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Ohio Supreme Court Lets Abortion Ban Stand--Here's Where State Lawsuits Stand Now Abortion providers are taking aim at states' bans in state court after the U.S. Supreme Court overturned Roe v. Wade.
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After the worst first-half stock-market decline in half a century, The Wall Street Journal asked leading investors and strategists to share their outlooks for the second half of 2022. Here's what they said.
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Three Arrows CEO Zhu Su Seeks to Sell Luxury Singapore Mansion - Reports Zhu Su, the co-founder and CEO of the troubled crypto hedge fund Three Arrows Capital, is reportedly seeking to sell a mansion he owns in Singapore. The CEO has been trying to offload at least one of his so-called good-c...
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Acorns and Robinhood are two of the most popular investment apps around. They're very different though. Acorns is better for hands-off investors, while Robinhood is appropriate for DIYers and risk-takers. Learn which wor...
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Social Security: We Answer Readers' Biggest Questions

Wall Street Journal - 1 Jul 2022 19:00
Among the issues are whether to take a lump sum if you're in poor health, and when to file.
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Should You Buy Keurig Dr Pepper Stock At $36? After a 3% fall year-to-date, at the current levels, we believe Keurig Dr Pepper stock (NYSE: KDP) has more room for growth.
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American Airlines offers pilots pay rises of up to $65,000 to help end crippling shortages, reports say CEO Robert Isom made the offer that could increase pilots' earnings by $2 billion a year in an internal video seen by several news outlets.
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Wall Street is wrestling with a slowdown in deals. Here's a midyear scorecard. On Wall Street, the second quarter ended with a whimper: deal-making is on hiatus, markets are in a slump, and IPOs are all but nonexistent.
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