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Business News

Location American Business News for 14 August 2022

The price we pay for being less social

livemint.com - 14 Aug 2022 18:10
The price we pay for being less social People are choosing to be less connected with each other, and focus more on their inner lives. They may not realize the consequences.
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A bad week for stationary bikes: A look inside the downfall of SoulCycle and Peloton after the former fitness giants slashed hundreds of jobs and closed stores on the same day Experts told Insider that while stationary bicycles aren't going anywhere, Peloton and SoulCycle will have to fight for their relevance.
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Former FBI deputy director Andrew McCabe says Trump has been 'basically at war' with the Iaw enforcement agency since 2016 "There's no question that the work environment for FBI people has been getting tougher and tougher," McCabe said of the agency on CNN's "New Day."
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Billionaire Mark Cuban Sued for Allegedly Promoting a Massive Crypto 'Ponzi Scheme' Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, is facing a class action lawsuit for promoting Voyager Digital’s crypto products. The plaintiffs claim that Voyager was “a massive Ponzi sch...
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What DeFi Offers Beyond Lending for Crypto Speculation DeFi advocates claim that his nascent industry will continue to grow and, ultimately, make good on its promises. "By removing the need to rely on intermediaries, DeFi makes traditional banking services far more accessibl...
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The US could lose up to 900 warplanes fighting a Chinese invasion of Taiwan but would emerge victorious, says think tank The Center for Strategic and International Studies war games found the US and Taiwan would defeat a Chinese invasion – at great cost for all sides.
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Why Amazon Wants To Sell Vacuum Cleaners

Forbes - 14 Aug 2022 16:00
Why Amazon Wants To Sell Vacuum Cleaners It was recently announced that Amazon.com would be acquiring iRobot, the maker of the Roomba vacuum cleaner. There are still some "hoops" to jump through, such as shareholder and regulatory approval, but the deal looks p...
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"Don't Describe It, Remember It"

The New Yorker - 14 Aug 2022 19:09
The author's diaries from 1954.
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Robinhood Learns to Nab Interest Income

Wall Street Journal - 14 Aug 2022 17:00
While trading languishes, Robinhood is showing some momentum on other sources of revenue, such as from rising interest rates.
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"The sector model ... now favors growth sectors over value sectors for the first time this year," Ned Davis Research said.
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Women, workers of color, and the lowest-paid workers were more likely to have unpaid absences at work during the first two years of the pandemic.
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When layoffs are looming, get proactive to save your job "I asked to have support staff removed, reduced overhead and cancelled subscriptions I wasn't using," he said. "My fiscal discipline and proactive decision making were cited as part of the reason I was not laid off."
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Trainer reseller Kick Game sprints towards £150m sale as demand booms A footwear reseller which has developed a cult following among Gen-Z consumers has drafted in advisers to explore options including a £150m sale.
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Reserve Bank of Zimbabwe 'Developed a Roadmap for Adoption of CBDC,' Says Governor The governor of the Zimbabwean central bank, John Mangudya, recently said his organization “has developed a roadmap for adoption of CBDC [central bank digital currency] in Zimbabwe.” Mangudya also revealed that two f...
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Public Pension Systems Join Those Stung by Crypto Crash

Wall Street Journal - 14 Aug 2022 14:00
Some find buying opportunities in low prices and cryptocurrency technology.
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Peter Schiff to Liquidate Euro Pacific Bank in Settlement With Puerto Rican Regulator Gold bug Peter Schiff has settled with Puerto Rico’s financial regulator and agreed to liquidate his Euro Pacific Bank. Schiff stressed that he is not admitting to any legal wrongdoing. Peter Schiff Liquidating Euro Pa...
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Playing Powell-itics as inflation target in peril

New York Post - 14 Aug 2022 06:02
Playing Powell-itics as inflation target in peril The Fed and its chair, Jerome Powell, believe the 2% inflation target is sacrosanct and will risk a recession and bear market to get there.
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Crypto Trading, Investing Illegal in Iran, Central Bank Governor Reiterates It is illegal to buy or sell cryptocurrency in Iran, the head of the country’s monetary authority has recently reminded citizens and businesses. The governor noted, however, that mining cryptocurrencies and using them ...
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On Sunday, the Tesla chief executive congratulated the company's Shanghai "gigafactory" in a tweet: "Congrats Giga Shanghai on making millionth car! Total Teslas made now over 3M."
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Energy Policies For Refugee Assistance: Sustainability And Access Only 11 percent of displaced persons have access to individual energy outlets, and 9 out of 10 refugees lack access to sustainable light sources.
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The problem with our cybersecurity problem

Venture Beat - 15 Aug 2022 01:20
We've got a cybersecurity problem, but it's not the one we think we have. The problem is how we think about cybersecurity problems.
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Hudson Yards new office tower booming with new signings despite tough market Related Companies' 50 Hudson Yards has space commitments that brings occupancy to around 84% leased.
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