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Business News

Location American Business News for 29 July 2022
Hollywood & Mind: Maverick City Music's Naomi Raine On Learning To 'Step Into New Seasons Gracefully' "I think it was Biggie who said, 'More money, more problems.'" Maverick City Music breakout star Naomi Raine chronicles her mental health struggles of the past few years on her new solo album The Journey.
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Why salesmen should consider growing beards

livemint.com - 29 Jul 2022 10:29
Why salesmen should consider growing beards A researcher looked at how consumers react to facial hair on men, and makeup on women
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Report: Education Department Ready To Cancel $10,000 Of Student Loans Here are the details on potential student loan cancellation for millions of student loan borrowers.
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Eurozone Economy Grows Faster Than Expected, but So Do Prices

The New York Times - 29 Jul 2022 15:52
Eurozone Economy Grows Faster Than Expected, but So Do Prices Inflation in countries that use the euro increased by 8.9 percent in July, another record fueled by energy prices, as the bloc's economy expanded by 0.7 percent in the second quarter.
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IMF Warns of Further Crypto Selloffs and More Coins Failing A director with the International Monetary Fund (IMF) has warned of further selloffs in both crypto assets and equities. He further warned that more crypto tokens could fail. IMF Foresees More Crypto Selling Pressure Tob...
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Better Than Expected Earnings From Apple, Amazon As Investors Look Ahead To Another Busy Week For Markets The job of a market strategist is collecting as many data points as possible in an effort to understand what the market is communicating.
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This Stock Has A 4.15% Yield And Sells For Less Than Book the recent UNM share price of $31.82 represents a price-to-book ratio of 0.6 and an annual dividend yield of 4.15% -- by comparison
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China's Leaders Aren't Sweating Growth Slowdown

Wall Street Journal - 29 Jul 2022 15:34
China's Leaders Aren't Sweating Growth Slowdown The Communist Party's top policy-making body passed up yet another opportunity to intervene forcefully even as China's economy strains under the pressure of Covid-19 lockdowns and the worst property-market meltdown in mo...
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Exxon and Chevron Report Record Profits on High Oil Prices

The New York Times - 29 Jul 2022 15:50
Exxon and Chevron Report Record Profits on High Oil Prices The energy industry's windfall has followed a spike in prices, resulting mostly from Russia's invasion of Ukraine, and a global economy rebounding from the coronavirus pandemic.
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Apple and Amazon beat expectations but still see profits slip as inflation bites Tech giants Apple and Amazon saw dips in profits but still defied expectations as the US economy teeters on the edge of a recession.
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Protein is usually the single most expensive ingredient in a meal.
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Billionaire investor Bill Ackman says the Fed needs to hike rates to at least 4% to get inflation under control "A neutral rate of 2.25 to 2.5% makes no sense in a world with 9%, 6% or even 4% inflation," the Pershing Square Capital founder said.
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Shares of Roku Inc. were tumbling in premarket trading Friday after the streaming company acknowledged a "significant slowdown" in advertising spending that helped propel it to weaker-than-expected results and could pers...
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Consumer Spending Rose in June

Wall Street Journal - 29 Jul 2022 16:38
Consumer Spending Rose in June U.S. consumers' spending rose 1.1% in June, the Commerce Department said Friday, much faster than the prior month as they faced higher inflation and interest rates.
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The move comes as the company and the RMT union can't agree a way forward on pay and jobs.
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Why is it so hard to say if this is a recession?

L.A. Times - 29 Jul 2022 03:52
Why is it so hard to say if this is a recession? A shrinking GDP doesn't automatically equal an economy in recession. Here's why economists are so hesitant to put a label on this topsy-turvy economy.
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Goldman Sachs, JPMorgan Predict Euro-Area Recession

Bitcoin.com - 29 Jul 2022 03:30
Goldman Sachs, JPMorgan Predict Euro-Area Recession Global investment banks Goldman Sachs and JPMorgan have predicted an imminent recession in the euro area. “The risks to our forecast are skewed toward a sharper recession in the event of an even more severe disruption ...
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Good News For Investors: The Stock Market Is Embracing Inflation Now Gone is the angst about two GDP quarters signaling a recession.
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Big Tech Is Proving Resilient as the Economy Cools

The New York Times - 29 Jul 2022 02:46
Big Tech Is Proving Resilient as the Economy Cools Tech companies are slowing their frenetic hiring, but a combination of dominance and diversity is turning out to be -- yet again -- an overwhelming asset.
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Ultrasound Stickers Could Let Users See Inside Their Bodies From Their Phones A stamp-sized adhesive device could revolutionize medical imaging by producing high-resolution images of the body's inside-viewable on cell phones.
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"Lightyear" will arrive on Disney Plus less than two months after it premiered in theaters. All subscribers can watch without paying extra.
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Talk To The Hand: Upstream Industry Eyeing Returns More Than Rigs Producers have been holding the course towards returns and deleveraging, snubbing pressure from the Biden administration. It has been tempting for producers to ramp up production amid current oil and gas prices. However,...
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