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Business News

Location American Business News for 17 August 2022
Leaders need to make work more interesting and fulfilling, not just tell people to work harder. When people feel appreciated, they do work hard.      
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Former Goldman Sachs banker explains why Wall Street gets Bitcoin wrong According to John Haar, who used to count himself within the ranks of the traditional finance field, a fundamental understanding of "sound money" is preventing Wall Street from embracing Bitcoin.
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The Consumer Preferences Tipping Point: Personalization Is Now A Must-Have Consumers today are bombarded with marketing messages from companies vying for their attention. In this noisy landscape, personalization has emerged as a key differentiator.
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Invesco says conditions are set to get gloomier, and the only thing that matters to the Fed is inflation.
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Celsius is conducting its own misconduct investigation as customers tell a bankruptcy court that the company's founders misled them The Celsius bankruptcy docket has swelled with hundreds of letters from Celsius users, many suggesting they felt defrauded by its founders.
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Fed Officials Pledge More Big Rate Hikes Until There Is A 'Meaningful' Decline In Inflation Despite consumer prices cooling last month, Fed officials are unlikely to reverse the course of monetary policy tightening anytime soon.
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Major movie theater chain admits the industry could be in trouble until 'Black Panther: Wakanda Forever' is released in November Movie studios have released fewer movies to theaters this year compared to before the pandemic due to pandemic-related delays and streaming.
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Target Bites the Bullet

Wall Street Journal - 17 Aug 2022 19:33
The retailer aggressively cleared out excess inventory in its second quarter, but the job isn't finished.
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How Kids Foot Locker Inspires Gen Alpha...from TikTok to the Metaverse While many brands and retailers are focusing on engaging Gen Z, Gen Alpha is slowly creeping into the picture. Gen Alpha -- consumers born after 2010 -- have grown up immersed in technology. They are truly digitally omni...
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Warren Buffett's Berkshire Hathaway has spent nearly $60 billion on stocks this year - and shows no signs of stopping Berkshire plowed a record $57 billion into stocks in the first half of this year, and has spent close to $2 billion on Occidental shares since then.
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U.K. Inflation Hits 40-Year High Of 10% As It Bucks G7 Trend--And It's Expected To Get Worse The record high inflation numbers are expected to surge further as the U.K. government prepares to raise its cap on household energy prices.
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Luxury Brands Discover Blockchain

Forbes - 17 Aug 2022 15:22
Luxury Brands Discover Blockchain Many luxury brands have partnered with blockchain technology to track the provenance of products and materials from manufacture to delivery.
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Target's Profit Sinks as It Offloads Inventory Shoppers Don't Want The retailer's second-quarter profit fell 90 percent from the year before, far below what Wall Street analysts were expecting.
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Name Drop: Wednesday, August 17, 2022

The New Yorker - 17 Aug 2022 14:00
Name Drop: Wednesday, August 17, 2022 Can you guess the notable person in six clues or fewer?
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SPAC Activity Reaches the Lowest Levels in Five Years

Wall Street Journal - 17 Aug 2022 13:30
Once-hot blank-check firms have fallen out of favor alongside cryptocurrencies and other speculative investments.
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Tata Play adds regional platforms to OTT offerings

livemint.com - 17 Aug 2022 08:58
Tata Play adds regional platforms to OTT offerings Services like hoichoi, Disney+ Hotstar, ZEE5, SonyLIV, Voot Select, SunNxt, Hungama Play, ShemarooMe and DocuBay were already available on Tata Play.
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Amazon.com Inc. has struck a deal with Nielsen Holdings PLC to have the ratings firm measure its coverage of "Thursday Night Football" games on its Prime Video streaming platform, the two companies said.
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A Scorching Summer Has Proved The Obvious: We Must Must Build A Lot More Natural Gas Pipelines "There are significant pipeline constraints that are creating price disparities in the physical markets that we have not seen before," David Givens, Argus Media. With prices rising throughout July, we're seeing our obvio...
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Investors swarm over Ford Motor Co.'s new $1.75 billion green bond deal on Tuesday to help finance more electric vehicles.
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WeWork cofounder Adam Neumann is back on the billionaires list. Here's how the ousted CEO has spent his fortune, from real estate to start ups. Adam Neumann was once worth as much as $14 billion, but his fortune took a huge hit after WeWork's failed IPO and his resignation from the company.
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Wednesday, August 17. Russia's War On Ukraine: News And Information From Ukraine Dispatches from Ukraine, provided by Forbes Ukraine's editorial team.
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Cisco Systems Inc. shares rose in extended trading Wednesday after the networking company forecast stronger revenue growth than expected in the months ahead, quelling fears of a slowdown in businesses' technology spendin...
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