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Business News

Location American Business News for 22 July 2022
'Resident Evil' actress Milla Jovovich sells Beverly Hills retreat for $13.4 million 'Resident Evil' actress Milla Jovovich and her husband, film director Paul W.S. Anderson, have sold their Beverly Hills compound for $13.4 million.
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Tired of being ghosted by the CTA? So are these transit riders, and they're taking matters into their own hands. As CTA reliability takes on heightened urgency, the agency promises to address long wait times and problems with train trackers.
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Crypto to reach 1 billion users in 2030: BCG Report

Coin Telegraph - 22 Jul 2022 16:50
Crypto to reach 1 billion users in 2030: BCG Report A report by Boston Consulting Group (BCG) showed that 0.3% of individual wealth is invested in crypto while 25% is in equities.
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'World's Biggest Coconut' Stunt Brings Giant Inflatable Fruit and Icy Drinks to Parched Texans Vita Coco, a brand that holds stunts near and dear to its hydrated heart, is launching a "colossal coconut pop-up" stocked with icy cold beverages in the middle of a triple-digit Texas heat wave. Timing, as they say, is ...
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Eight Effective Ways To Help Employees Create Clear, Meaningful Career Paths If an employee doesn't believe they're truly valued, they may choose to find an employer who does value them.
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Thailand's Oldest Lender Delays Bitkub Exchange Acquisition Amid Tighter Crypto Rules The company that owns Thailand’s Siam Commercial Bank has postponed a deal to acquire a majority stake in Bitkub, the country’s largest cryptocurrency exchange. The decision comes amid tightening crypto regulations t...
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Twitter blamed the revenue miss on ad industry headwinds and "uncertainty" tied to the pending acquisition of the company by Elon Musk.
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Saudi Chemicals Producer SABIC Launches Blockchain Pilot Project A Saudi Arabia-based chemical manufacturer has said its recently launched blockchain pilot is expected to uncover the possibilities of the technology “in supporting end-to-end digital traceability of circular feedstock...
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Bitcoin, Ethereum Technical Analysis: ETH Rebounds, Climbing to Over $1,600 on Friday Ethereum was back in the green on Friday, as bulls returned to action following yesterday’s selloff. Crypto markets set aside concerns over Tesla’s bitcoin sale, extending this week’s rally in the process. Bitcoin ...
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Coinbase Confirms 'No Financing Exposure' to Bankrupt Crypto Firms Celsius, Voyager, Three Arrows Capital Crypto exchange Coinbase has confirmed that the company “had no financing exposure” to bankrupt firms, including Celsius Network, Voyager Digital, and Three Arrows Capital (3AC). “The issues here were foreseeable a...
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EY's UK arm drafts in Rothschild as $80bn break-up looms The British arm of EY, the accountancy firm, has drafted in one of the City's top investment banks to advise on an impending $80bn break-up that will shake up the global accountancy profession.
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Germany to Bail Out Utility Hit Hard by Russian Gas Shortfall

Wall Street Journal - 22 Jul 2022 15:38
Germany to Bail Out Utility Hit Hard by Russian Gas Shortfall The country will take a 30% stake in Uniper, one of Europe's largest utility companies, which has been hit hard by dwindling supplies of Russian gas and rising energy prices.
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A New Bull Market Can't Start Until Investors Give Up

Wall Street Journal - 22 Jul 2022 13:30
For a new cycle to begin, people who bet on the market need to capitulate
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How CafeMedia Recouped Millions Through Ad Block Recovery Publisher CafeMedia, which runs sales for titles like MacRumors and Stereogum, has managed to recoup millions of dollars in previously blocked ad revenue over the last two years. Between October 2020 and June 2022, CafeM...
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Car recalls: Do you drive any of these Ford, Buick, Hyundai, Mercedes or Mitsubishi models? Car recalls for the week of July 14-21 include several Ford SUV models due to potential engine fires and Buicks with bad e-brake control modules.      
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Verizon Lowers Annual Forecasts After Weak Customer Growth

Wall Street Journal - 22 Jul 2022 16:40
Verizon Lowers Annual Forecasts After Weak Customer Growth The cellphone carrier struggled to add wireless phone customers in the latest quarter and lowered its profit and revenue goals for the rest of the year.
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South Korean Shipbuilder, Workers Reach Deal to End Strike

Wall Street Journal - 22 Jul 2022 16:34
South Korean Shipbuilder, Workers Reach Deal to End Strike Daewoo struck a deal over wages with subcontract workers, ending a weekslong strike that had triggered roughly $600 million in losses and pushed back deliveries of in-demand vessels for liquefied natural gas
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American Express Revenue Up 31% as Spending Remains Robust

Wall Street Journal - 22 Jul 2022 16:21
American Express Revenue Up 31% as Spending Remains Robust The credit-card company says travel and entertainment spending are back to prepandemic levels.
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To Succeed on TikTok, Brands Must Become Publishers Chao Williams knows how to turn conversations into ads. The creator approaches strangers on the streets of New York to ask questions like "Where are you going?" "What drives you in life?" and "What would make today a 5-s...
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Booming Carbon-Credits Market Took Hit as Stocks Sold Off

Wall Street Journal - 22 Jul 2022 13:30
Rising interest rates upended bets that soaring demand would push prices higher.
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Large institutions sold $5.5B in BTC since May -- and we're still here Massive sell-offs from institutions appear to have been the driving force behind the drop in Bitcoin price since May, according to an analyst from Arcane Research.
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Prime Day 2022 Delivered Despite Macroeconomic Concerns Consumers have committed to cutting back on just about everything, from dining out to subscription-based services to driving, so from an economic standpoint, it was unclear just how this year's Prime Day would go. Howeve...
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