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Business News

Location American Business News for 8 August 2022
Tesla CEO Elon Musk Says Inflation Has Peaked -- But We'll Have a Recession for 18 Months Tesla CEO Elon Musk believes inflation has peaked and the U.S. economy will be in a recession for about 18 months. “We do get a fair bit of insight into where prices of things are going over time,” the billionaire ex...
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Russia's imports of Chinese goods jump 20% to hover near pre-invasion highs, helping stem the ruble's rally Russian demand for China's yuan is soaring, while the ruble has pulled back from a massive rally.
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Move aside, tiny homes: The barndominium is the hottest thing in alternative housing, and it shows just how much the pandemic has changed what people look for in a home "There has absolutely been a spike in interest around barndominiums, especially since COVID started," said Don Howe, who runs a site called Barndominium Life.
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A Delta flight attendant who says workers were abused by passengers calls for a better sick policy to help them recover from the stress The Atlanta-based worker told The Guardian that she and her colleagues put up with being "abused by passengers, verbally and physically."
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Legendary investor Mark Mobius warns that stocks still have further to fall as the Fed hikes interest rates "We are already in a bear market, but the endgame requires complete surrender on the part of investors," Mobius said.
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Republicans cite shaky argument on Senate procedure for killing a $35 cap on insulin in major spending bill GOP Sen. Ron Jonson accused Democrats on playing politics on an insulin price cap, but Republicans were technically free to back it.
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Can The Summer Rally In Stocks Continue?

Forbes - 8 Aug 2022 16:35
Can The Summer Rally In Stocks Continue? Last week was a relatively flat week for markets, despite earnings and a big jobs number on Friday.
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U.S. waste wood is a hot commodity in Europe and Asia, and exports are on a record pace.
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Pfizer Agrees to $5.4 Billion Deal for Global Blood Therapeutics Pfizer has agreed to buy Global Blood Therapeutics for $5.4 billion, a deal that will give the big drugmaker a foothold in the treatment of sickle-cell disease.
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UPS Nears Deal to Buy Italian Healthcare-Logistics Provider Bomi Group The acquisition would broaden the Atlanta-based transportation giant's operations in Europe and Latin America.
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Two-thirds of UK's top restaurants in the red after Brexit, Covid and inflation Meanwhile £700m of support funds in business rates relief remains unpaid by local councils Debt repayments, staff shortages and rising energy bills have pushed almost two-thirds of the UK's top 100 restaurants into the ...
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The coming Sebi storm for fintechs

livemint.com - 8 Aug 2022 21:11
The coming Sebi storm for fintechs As the market regulator tightens rules on selling securities, digital companies are scrambling to keep up.Sebi is upping the regulatory heat on fintechs--from moving mutual fund transactions to exchange platforms to hint...
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Daily Money: Black homeownership rate on the decline; who benefits when billionaires donate? Today, we investigate why the homeownership gap between white and Black Americans is wider than it was in 1960 and how billionaire foundations work.      
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Lebanon Ponzi Finance: World Bank Says Politicians Are to Blame for the 'Deliberate Depression' Deliberately insufficient policy responses by successive Lebanese governments combined with the self-serving agreements by politicians are largely to blame for the country’s economic crisis, a report by the World Bank ...
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Lyft Creates Media Division to Expand Its Advertising Services Through its Lyft Media unit, the ride-hailing company plans to offer more ads inside cars, on its app and at bike-share stations.
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Kargo Acquires Ziggeo to Expand Footprint Into Online Video Kargo is acquiring video software-as-a-service company Ziggeo to create a bespoke online video offering. Kargo, best known as an ad-tech firm that offers software to connect publishers and advertisers, is more specialize...
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SoftBank Reports Record $23 Billion Quarterly Loss as Tech Downturn Hits The Japanese technology investor suffered losses after holdings such as Uber and DoorDash lost value.
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The 2023 Volkswagen ID.4 now comes with a lower price, and two big changes--including where it will be built.
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Remote work is causing a massive shift in salaries around the country The biggest story in tech right now is the "Great Salary Convergence," a phenomenon that's changing how Americans get paid.
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Bharti AXA Life launches ad campaign with Vidya Balan The new ads have been directed by Rajesh Saathi and are centered on how the company delivers on its purpose and are designed in multilingual formats with content in 'Hinglish', Marathi, Bengali, Tamil, Telugu, Kannada, a...
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Low-fare carrier JetBlue said it is a necessary policy when recruiting, as the industry re-starts.
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Consumer confidence in the housing market dropped to the lowest level since 2011, as both prospective buyers and sellers have become more pessimistic.
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