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Business News

Location American Business News for 1 August 2022
Veteran deal makers David Handler and David Neequaye have secured the backing of two well-connected firms on Wall Street, Consello and 25madison, according to people familiar with the matter.
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Goldman Sachs CEO David Solomon Weighs In On The State Of America's Small Businesses, Markets And More Goldman Sachs Chairman and CEO David Solomon believes that Congress needs to reauthorize the Small Business Administration and that the best course of action for business owners and leaders in this market is to exercise ...
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Go Short The Dollar/Yen

Forbes - 1 Aug 2022 23:16
Go Short The Dollar/Yen The $/Yen is likely to decline.
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I quit my job to buy and resell used books on Amazon. Now, I use my 6-figure income to travel the world. Bryn Wright ships books to Amazon warehouses, where they stay until someone buys them. The money and freedom let her quit a restaurant job to travel.
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Should you invest in focused funds?

livemint.com - 1 Aug 2022 21:51
Should you invest in focused funds? Category average returns of multi-cap PMSes have not been meaningfully higher than that of focused funds
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The world's most indebted property developer said it has been told to honor the financial obligation, adding to creditors' woes.
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After Earnings Miss In Q2, Where Is Barclays Stock Headed? Its total revenues increased 12% y-o-y to $8.4 billion, mainly driven by growth in sales & trading and consumer, cards & payments divisions.
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Williams Shares Cross 5% Yield Mark

Forbes - 1 Aug 2022 23:34
Williams Shares Cross 5% Yield Mark In trading on Monday, shares of WilliamsWMB were yielding above the 5% mark based on its quarterly dividend (annualized to $1.7), with the stock changing hands as low as $33.33 on the day.
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Can NRIs claim a refund on LTCG tax?

livemint.com - 1 Aug 2022 21:28
Can NRIs claim a refund on LTCG tax? TDS is deducted on long-term capital gains and short-term capital gains earned by NRIs on both debt and equity mutual funds
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Global Stagflation & Massive Debt Crises: The According to a report cited by The Guardian, authored by the United Nations' trade and development arm (UNCTAD), at least 107 nations were facing at least one of the three shocks threatening the world today -- rising foo...
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Investors Fear Stock-Market Rally Will Be Short-Lived

Wall Street Journal - 1 Aug 2022 13:30
Bearish investors say the worst might be yet to come as inflation remains high, the Fed plans more interest-rate increases and stock valuations don't look cheap.
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This Musician Runs Two Seven-Figure Businesses--As The Number Of Million-Dollar, One-Person Business Continues To Rise Musician Graham Cochrane broke the million-dollar mark twice in his businesses. And as a seven-figure solopreneur, he's got more company than ever before, as the number of million-dollar, one-person businesses climbs.
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US, UK Regulators Partner on Broader Crypto Regulation Regulators in the U.S. and U.K. have met to discuss broader crypto regulatory initiatives. They reaffirmed their commitment to “continued cooperation to support safe financial innovation, as well as to strengthen regul...
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Follett to Feature Vitamin Shoppe Health and Wellness Products in College Bookstores Follett Higher Education Group has partnered with The Vitamin Shoppe to bring a range of the wellness retailer's exclusive products to a select group of campus bookstores across the U.S., with plans to expand both produc...
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How Barnes & Noble is Leveraging the #BookTok Phenomenon (and Vice Versa) Before there was TikTok to entertain us, there were books (and radio, theater, TV, music...but that's not the point here). Now, the "ascendent platform of the decade" is encouraging its users to "take a break from watchi...
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If Ethereum Splits, Leading Exchanges are 'Likely' to List ETHPoW Token - BitMEX A potential Ethereum (ETH) PoW split chain may continue to function but would have substantial issues to resolve along the way, according to the research team of the major crypto exchange BitMEX....
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Bank of England scraps mortgage affordability test

The Guardian - 1 Aug 2022 16:11
Bank of England scraps mortgage affordability test Test required potential homebuyers to prove they could afford three-percentage-point rise in interest rates Thousands of potential homebuyers may find it easier to get on to the property ladder after a key mortgage affor...
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Unhappy campers: Pontin's rated among the worst holiday parks in the UK Survey reveals that smaller, family-run resorts triumph over the biggest names such as Pontin's and Butlin's A new ranking of British holiday parks has placed mainstay Pontin's last out of 19 competitors, and big names s...
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Huobi gets green light as exchange provider in Australia Gibraltar-based cryptocurrency exchange Huobi has received the regulatory greenlight to offer its services in Australia.
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Budget airline gives summer bonuses to pilots who work when they're tired, whistleblower claims A Wizz Air whistleblower and pilot told Channel 4's Dispatches that pilots "lose financially" if they take sick leave when they're tired.
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Metaverse Company Condense Raises $4.5 Million to Accelerate VR Streaming Adoption Condense, a Bristol, England-based metaverse company that produces technology to allow the streaming of events to virtual reality apps, has raised $4.5 million in its most recent seed round. The round, which was led by L...
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Gas Prices Drop for 48th Straight Day

Small Business Trends - 1 Aug 2022 15:30
Gas Prices Drop for 48th Straight Day The average price of a gallon of gasoline across the country has gone down for the 48th consecutive day since rising to a record of $ 5.016 in June, dropping to 4.212 a gallon.
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