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Business News

Location American Business News for 15 August 2022
This High School Dropout Sold Shipt To Target For $550 Million. His Next Startup Could Be Worth Double. Serial entrepreneur Bill Smith launched Landing in 2019. The furnished-apartment rental firm expects $200 million in revenue this year by catering to the work-from-anywhere generation.
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Tour the Third Arm Gallery--and Stay Alive--in Hulu's Only Murders in the Building Pop-Up Good news for fans of Hulu's Emmy-nominated whodunit Only Murders in the Building (OMITB) who have ever wished to experience the deeply embattled Arconiaverse alongside Steve Martin, Martin Short and Selena Gomez: soon, ...
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Henry Kissinger, the 99-year-old former secretary of state, was critical of U.S. foreign policy.
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Activist investor Elliott Management has a large position in Cardinal Health Inc. and is seeking a handful of seats on the medical-products distributor's board, according to people familiar with the matter.
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What a Chinese Blockade of Taiwan Would Mean for Global Business Taiwan is home to the world's biggest chip maker, TSMC, and sits next to one of the busiest shipping lanes.
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Research: People Can Learn to Recognize Their Racial Privilege

Harvard Business Review - 15 Aug 2022 16:05
Reflecting on our own experiences of being disadvantaged or marginalized can help us better empathize with our peers.
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PwC says graduates no longer need at least 2:1 degree to work at firm Accountancy company says move is about trying to attract job starters from broader range of backgrounds PwC has removed a requirement that new employees achieve a minimum of a 2:1 at university, acknowledging that talent...
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Restaurant Meals Become a Relative Bargain as Grocery Prices Soar Consumer prices at grocery stores and restaurants increased 13.1% and 7.6%, respectively, year-over-year in July--the biggest inflationary gap between grocery stores and restaurants since the 1970s.
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Buenos Aires to Run Ethereum Nodes by 2023

Bitcoin.com - 15 Aug 2022 14:30
Buenos Aires to Run Ethereum Nodes by 2023 The city of Buenos Aires will deploy a number of Ethereum validator nodes in 2023. The statements were made by Diego Fernandez, secretary of Innovation and Digital Transformation of the city, who clarified this deploymen...
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Japan Bounces Back to Economic Growth as Coronavirus Fears Recede A public weary of virus precautions pushed up consumption of goods and services, but the longer-term picture is uncertain as the global economy weakens.
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Power Is Shifting Away From Employees: Can Remote Work Survive? One of the boons of high unemployment for employees has been the ability to demand a better work experience, and--in particular--more flexibility in where, how, when and how much they work. But that may be in jeopardy.
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Winnetka mansion sells for $13M, one of the highest home sale prices in the Chicago area this year A mansion on Lake Michigan in Winnetka sold Monday for $12.75 million, one of the highest sale prices for a Chicago-area home this year.
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Disney said it will hold the Disney & Marvel Games Showcase on September 9, live from its D23 Expo 2022 fan event.
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Aldi to give UK warehouse workers second pay rise in a year Majority will now earn minimum of £12.66 an hour, up from £11.95, with those in London on at least £13.05 Aldi is giving its warehouse workers their second pay rise in a year, with wages rising almost 6% for most staf...
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U.K. Approves Moderna's Covid-19 Vaccine Targeted at Omicron

Wall Street Journal - 15 Aug 2022 15:57
U.K. Approves Moderna's Covid-19 Vaccine Targeted at Omicron The U.K. is the first to approve the so-called bivalent Covid-19 booster shot, which targets the original strain of the virus as well the Omicron variant.
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Weak Yen Aids Big Japanese Companies

Wall Street Journal - 15 Aug 2022 15:41
Weak Yen Aids Big Japanese Companies Many top Japanese companies are keeping healthy outlooks for the current year as the yen's historic fall boosts sales and profits.
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Pick Either UPS Stock Or Its Peer - Both May Offer Similar Returns This gap in the valuation is largely justified given UPS' superior profitability and lower financial risk, as discussed below.
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Stock Futures Fall as China's Economy Slows

Wall Street Journal - 15 Aug 2022 14:26
Stock futures and commodity prices fell as slowing growth in China raised concerns about the global economy and demand in the world's biggest consumer of raw materials.
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The Modern Chief Creative Officer Must Lead Through Inspiration and Communication This is the second in a dedicated series of stories to analyze what being a modern agency C-suite member entails, talking with people holding those positions at agencies big and small, and those independent or operated b...
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The Lost Underwater Hamlets of the Catskills

The New Yorker - 15 Aug 2022 14:00
Lucy Sante, the author of "Nineteen Reservoirs," circumnavigates the Ashokan Reservoir, under which lie "apple knocker" villages razed and flooded by New York City for drinking water.
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The National Association of Home Builders/Wells Fargo Housing Market Index has declined for eight straight months.
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Stocks This Week: Buy EQT And ATI Technologies The S&P is headed higher-here are a pair of stocks that are likely to be leaders.
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