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Business News

Location American Business News for 3 August 2022

Bill and Melinda Gates list Hyde Park home for $1.55M

Chicago Tribune - 4 Aug 2022 00:23
Bill and Melinda Gates list Hyde Park home for $1.55M Microsoft founder Bill Gates and his former wife, Melinda, on Tuesday placed the five-bedroom home they own in Hyde Park on the market for $1.55 million.
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Starbucks reports record revenue on frothy US demand

Chicago Tribune - 3 Aug 2022 20:27
Starbucks reports record revenue on frothy US demand Starbucks said morning traffic was also picking up as more people returned to offices.
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The SEC declined to comment on whether insider trading boosted AMTD Digital. Its stock, traded under ticker HKD, is up more than 17,000% since its July 15 IPO      
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Intercontinental Exchange Stock To Post Mixed Results In Q2? Intercontinental Exchange (NYSE: ICE) is scheduled to report its fiscal Q2 2022 results on Thursday, August 4, 2022.
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Robinhood Markets Inc. plans to cut its staff by 23%, citing the weakening economic environment and depressed trading activity.
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Starbucks Reports Record Revenue, Driven Mostly by Gen Z's Love of Iced Drinks The largest coffee chain in the world said it saw no signs that consumers were giving up their nitro cold brews or iced espressos, despite higher prices.
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Restaurant Brand's Q2 Earnings Preview: What Are We Watching? Restaurant Brands International Inc. stock (NYSE: QSR) is one of the largest fast-food restaurant chains in the world and it is a combination of Burger King, Tim Hortons, Popeyes, and, since late 2021, also Firehouse Sub...
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Global Recession Watch: The World Economy Confronts Dual Shocks For the first time in the post-war era the global economy has been buffeted by two shocks -- the worst public health disaster in one hundred years combined with Russia's invasion of Ukraine.
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AI Ethics Fighting Passionately For Your Legal Right To Be An Exception AI Ethics is fighting for your legal right to be an exception when it comes to AI autonomous systems that are based on a no-exceptions Machine Learning approach.
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New York Times Reports a Gain of 180,000 Digital Subscribers

The New York Times - 3 Aug 2022 15:59
New York Times Reports a Gain of 180,000 Digital Subscribers Revenue from digital advertising fell slightly in the second quarter, but subscription revenue continued to rise sharply, the company said.
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Nomad reportedly ignored security vulnerability that led to $190M exploit The altcoins that were stolen in the Nomad bridge hack suffered as much as 94% decline in price after the exploit.
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Germany Tells Russia's Gazprom Its Turbine Is Ready for Pipeline Olaf Scholz showed off a refurbished turbine for the Nord Stream 1 pipeline that Russia has said is the reason it can't send more gas to Germany.
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Tax Agency Vows to Go Hard After Koreans Using Crypto to Evade Levies South Korea’s tax administration has pledged to take strict measures against tax evasion through virtual assets and platforms. While the Korean government is yet to start taxing capital gains resulting from crypto inve...
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Revenues of mall operators to cross pre-pandemic levels this fiscal: Report Malls have seen swift recovery after each covid wave, and the third wave did not materially impact the sector as malls were not completely shut, Crisil said
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The pandemic's lasting effect on the U.S. population is evident in a new survey on connectivity and mobile tech, according to Deloitte.
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Modernizing the Marketing of 160-year-old Health Care Giant Bayer The success of any good relationship, personal or professional, can come down to one thing: trust. For global pharmaceutical and biotech company Bayer, that's where things began with Oliver Group, the BrandTech Group-own...
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Renate Nyborg's exit is part of a major shake-up of the dating app's management and strategy.
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Eric Schmitt Wins Missouri GOP Senate Primary After (Sort Of) Earning Trump's Endorsement Eric Schmitt defeated former Missouri Gov. Eric Greitens on Tuesday, one day after Donald Trump muddied the race by endorsing "ERIC."
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Gas Nears $4 A Gallon Amid 50-Day Drop: Here's Where Prices Are Lowest Gas prices have dropped for 50 straight days, tumbling to $4.16 per gallon from a peak just above $5 in June.
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Failing to enroll in Medicare at the proper time can lead to penalties and sometimes permanently higher premiums
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AMTD Digital stock traded under ticker HKD is up more than 21,000% since its July 15 IPO. It's one of the newest meme stocks since the GameStop saga      
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Starbucks Corp. produced better earnings than expected in the fiscal third quarter, despite a massive drop-off in comparable sales in China
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