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Business News

Location American Business News for 14 July 2022
Messenger: How to Use the Non-Binary Chat Theme Messenger released a Non-Binary chat theme that can be activated in conversations. This theme adds a white background to the conversation, and has details in shades of yellow and purple. When someone activates the Non-Bi...
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A "really tough winter in Europe" is ahead given doubts over Russian gas supplies, says Shell boss.
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A surviving spouse will now have up to five years to claim larger estate-tax exemption
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Euro Slips Below Dollar as Europe's Economic Fortunes Slump

Wall Street Journal - 14 Jul 2022 17:32
The euro selloff has intensified as investors gird for a Russian gas cutoff that many fear will drive the region into a recession. But unlike the last time the common currency was this weak 20 years ago, nobody is coming...
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Calling it a "a defining moment," embattled crypto lender Celsius Networks has filed for Chapter 11 bankruptcy protection,
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Tesla's Long-Time Partner Panasonic Building $4 Billion EV Battery Plant In Kansas The massive plant will employ up to 4,000 people near Kansas City when it opens supply battery cells for the auto industry's fast-moving shift to electric cars and trucks.
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StarRocks today announced a fully-managed, cloud-native version of SQL engine to help enterprises with real-time analytics.
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Microsoft pauses macro security plan, unclear on why

Venture Beat - 14 Jul 2022 19:40
Security experts have praised Microsoft's decision as an important step in preventing malware from infiltrating enterprise and home networks.
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Parity Is Unlikely to Be the Bottom for the Euro

Wall Street Journal - 14 Jul 2022 18:50
Parity is an arbitrary but potent symbolic target. There is a chance that many hedges, options contracts and stop-loss orders have been structured to be triggered around this level on the assumption that it will act as a...
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JPMorgan Chase's Defensive Moves Aren't the Whole Story

Wall Street Journal - 14 Jul 2022 20:36
A reserve build and higher capital requirements obscure some solid underlying business momentum.
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Hologram, an all-in-one platform for virtual beings, today announced that it has raised $6.5 million in seed funding for avatars that you can use in video calls.
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Developers say they like Github Copilot because it helps them stay in the flow longer and focus on app architecture rather than syntax.
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Google announces that ChromeOS flex has come out of beta to help protect users from malware and ransomware threats.
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Global Natural-Gas Markets Are Getting Scared

Wall Street Journal - 14 Jul 2022 16:42
LNG spot market prices have shot up in recent weeks, but could have much further to go if Russia closes its pipeline to Germany.
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Musk backed a boast of zero 'self-driving' Tesla crashes, but data show otherwise Tesla's CEO has claimed a perfect record for the safety of his company's robot-driving system. A public crash-reporting database contradicts him.
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The banking titan posted lower profits in all four of its main divisions, and Dimon underscored the threats of inflation and the Russia-Ukraine war.
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Oil futures are under renewed pressure, extending a drop below $100 a barrel and nearly erasing the gains scored in the wake of Russia's invasion of Ukraine.
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Bitcoin and Ethereum Struggle Near Key Hurdles, XRP Failed the Latest Climb Attempt Bitcoin price had started a recovery wave above the USD 20,000 resistance zone, before dropping below it. BTC even attempted a break above the USD 20,500 resistance but failed. It is currently (11:27 UTC) moving lower an...
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Yellen Says Oil Price Cap Is in Russia's Interest

The New York Times - 14 Jul 2022 15:30
Yellen Says Oil Price Cap Is in Russia's Interest Facing sanctions on its exports, Russia could continue selling oil profitably under a cap, the U.S. Treasury secretary said, while global strains on supply and pressure on prices would reduce.
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Nascar Sponsor Files Bankruptcy

Forbes - 14 Jul 2022 15:08
Nascar Sponsor Files Bankruptcy Cryptocurrency Voyager Digital came into NASCAR in 2021 in a big way. And earlier this year they extended the sponsorship with Kaulig Racing in the Xfinity series. This week however, the company filed for Chapter 11 Bank...
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Warren Buffett's Berkshire Hathaway just plowed another $250 million into Occidental Petroleum. It now commands a 19.2% stake worth over $10 billion If Buffett's company reaches a 20% stake in Occidental, it can include a share of the energy company's profits in its own earnings.
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Goldman Sachs Stock To Beat The Consensus In Q2? Goldman Sachs (NYSE: GS) is scheduled to report its fiscal Q2 2022 results on Monday, July 18, 2022.
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