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Business News

Location American Business News for 10 August 2022
The multi-billionaire says he needs the money in case he is forced to buy Twitter for $44bn.
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Telcos hunt for tech workers as 5G nears

livemint.com - 10 Aug 2022 23:55
Telcos hunt for tech workers as 5G nears Network engineers, software developers, cloud specialists, data analysts and test engineers are in high demand to support 5G deployment
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Iran Places First Official Import Order With Cryptocurrency Worth $10 Million Iran has placed its first official import order using cryptocurrency worth $10 million, according to a government official. “By the end of September, the use of cryptocurrencies and smart contracts will be widespread i...
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Apparel retailers' revenues to soar past pre-pandemic levels this fiscal: Crisil Strong same-store sales, new store launches and higher contribution from online channels will sew 21-23% revenue growth for apparel retailers this fiscal, Crisil said
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Nikola Shares Jump On News Of CEO Mark Russell's Retirement Russell was briefly a billionaire in 2020 as Nikola's stock exploded before controversy brought the company down.
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Mortgage rates made unusually wide swings last week, and that may have caused some borrowers to try to take advantage and save money on a refinance.
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Publicis Health Media and Meta Find Legacy Interest-based Targeting Less Effective in Healthcare Meta threw what could be a potential wrench in healthcare marketing plans when it announced in November 2021 that it was deprecating detailed targeting. Starting January 19, 2022, marketers could no longer target based o...
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GM charging new buyers $1,500 for 'optional' OnStar plan even if they never plan to use it GM labels it as an "option," but its new cars now include a $1,500 add-on for a subscription service whether a customer wants it or not.      
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Former Twitter employee convicted of spying for Saudi Arabia The case marked the first time the kingdom has been accused of spying in America.
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Fox Sees 'Robust Demand,' 'Record Pricing' for Super Bowl 57 Fox has some Super news for investors. During its quarterly earnings call on Wednesday, Fox CEO Lachlan Murdoch gave a more detailed look at the company's upfront deals, noting volume commitments were up "approximately 1...
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U.S. Inflation Eased Slightly in July

Wall Street Journal - 10 Aug 2022 17:45
U.S. Inflation Eased Slightly in July U.S. inflation was 8.5% in July, holding close to its highest annual rate in four decades despite easing energy costs.
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Dow Jumps 400 Points After Consumer Prices Cool Slightly In July--Has Inflation Peaked? The surprise slowdown in consumer prices gives the Fed "plenty of cover" to slow the pace of rate increases, analysts say.
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Inflation comes off 40-year high but stays elevated at 8.5% as gas prices fall but food, rent jump Inflation backed off a 40-year high last month as gas prices fell but food and rent costs rose again, CPI report shows      
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Bitcoin without internet: SMS service allows sending BTC with a text "A person literally without no internet access can go from having no Bitcoin to having Bitcoin and then go to spending Bitcoin," Kgothatso Ngako explains.
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US Inflation Slows Down in July, Bitcoin and Ethereum Jump July's US consumer price index (CPI) has seen a rise of 8.5%, or smaller than expected, suggesting an inflation peak and potential cool-off, after hitting 9.1% in June. (This is a developing story and will be updated as ...
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U.S. stock futures inch higher early Wednesday, but with traders wary of making bold bets lest they get caught out by an inflation report deemed crucial to the market's short-term trajectory
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Alphabet (Google) Stock Missed The Street Expectations In Q2, What's Next? At its current price of $118, the stock is trading 20% below its fair value of $148 - Trefis' estimate for Google's valuation.
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Overall consumer inflation probably eased in July, but the core rate likely rose. That may mean another big Fed rate hike ahead.      
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Cybereason study shows hackers seek to exploit lax cybersecurity during off-hours; announces new XDR mobile app at Black Hat.
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New OTT platforms turn cautious on India push

livemint.com - 10 Aug 2022 08:55
New OTT platforms turn cautious on India push Foreign players have realised that in order to stay in the India market, they will have to play the local content game, which is turning out to be very expensive
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Elon Musk Sells Nearly $7 Billion Worth of Tesla Stock Amid Twitter Uncertainty The billionaire suggested the stock sales were aimed at avoiding a fire sale if forced to buy the social-media company.
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Thailand Plans to Tighten Crypto Oversight, Giving Central Bank More Powers to Regulate Digital Assets Thailand is reportedly preparing to amend its law on digital assets to tighten the oversight of the crypto sector and empower the Thai central bank to oversee the sector. “Right now, the central bank has no room to ent...
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