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Business News

Location American Business News for 25 August 2022
What Long-Term Investors Know About The Metaverse Investors always need to look for new opportunities, and there's no opportunity more exciting right now than the metaverse.
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Rich men like Jeff Bezos to Sergey Brin leave their wealth in the hands of women, whose investment strategies fit the bill of long-term thinking family offices. Many of the world's wealthiest people — nearly 90% are men — trust women to manage their money. Insider talked to female family-office workers about why women thrive as CIOs.
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Macallan, Bentley Motors Rev Up Partnership to Produce the Sustainable 'Macallan Horizon' British luxury car maker Bentley Motors and single malt Scotch brand The Macallan teamed up last year on a sustainability initiative focused on reducing their carbon footprints and changing how they source materials. The...
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US Crypto Ownership Rises This Year to 13%, 'Consumers Were Hoping to Buy the Dip' - Survey Cryptocurrency adoption in the US has expanded, with some 13% of American adults owning crypto in July, up from 10% in January 2022, according to a recent report by personal finance comparison site Finder.com. A spokespe...
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You Don't Need to Pay Up Anymore for PayPal

Wall Street Journal - 25 Aug 2022 14:30
The company's shares look cheap after a sharp fall, but its growth story is intact.
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Richest Chinese Billionaire's Flagship Posts Double-Digit Profit Rise In Tough Economy Nongfu Springs shares rise 17% in past year compared with 25% plunge in Hong Kong benchmark index
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British Gas to donate 10% of profits to struggling customers Company's owner, Centrica, says extra support will begin in autumn and last for the 'duration of the energy crisis' British Gas has announced it will donate 10% of its profits to help its poorer customers manage rising g...
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Amazon Says It Will Shut Down Amazon Care

The New York Times - 25 Aug 2022 02:30
Amazon Says It Will Shut Down Amazon Care Last month, the company said it planned to acquire One Medical, a much larger competitor to its own health care business.
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Share your views on Biden's student loan forgiveness policy for millions We want to hear from you about Biden's student loan debt relief program, and what impact the policy will have on your finances Joe Biden has announced targeted student loan debt relief for millions of US graduates, fulfi...
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Fresh off an announcement that it would begin selling its bikes on Amazon.com Inc., Peloton Interactive Inc. posted a sharp loss for its most recent quarter along with nearly flat sequential growth in connected fitness s...
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How Does Thought Leadership Help Businesses To Grow? Thought leadership helps businesses build a trusting relationship with potential customers they don't even know are considering their brand.
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Mastercard and Hello Alice Partner on New Small Business Credit Card Hello Alice and Mastercard have announced that they are launching a new business credit card. It will offer small business owners accessibility to tools and services.
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Digital Ad Stocks Continue To Underperform. Time To Buy? Our theme of Ad Tech Stocks - which includes Internet platforms and ad technology players - has had a tough year declining by around 40% year-to-date, compared to the Nasdaq-100, which remains down by roughly 22% over th...
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FCC commissioner slams the agency for rejecting Elon Musk's bid for $886 million in funding to SpaceX's Starlink satellite internet FCC Commissioner Brendan Carr said the agency's decision to deny SpaceX $886 million in subsidies was "without a lawful basis."
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Putin is paying parents in occupied Ukraine $167 to send children to school and receive a Russian education A payment of 10,000 rubles has been offered to parents willing to send their kids to Russian-controlled schools in occupied Ukraine.
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The Twitter whistleblower's claims lay bare one of Silicon Valley's biggest open secrets The Twitter whistleblower's complaint lays bare a claim that has long been whispered about: Twitter is poorly managed.
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Moody's States Inflation Is Affecting Economic Recovery in Part of Latam Moody’s, the asset quality rating agency, has warned the high rate of inflation that some countries are facing in Latam will affect the economic recovery in the region. Brazil, Chile, and Mexico are said to be the coun...
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It's a go! Uniswap Foundation becomes reality after 86M votes in favor The foundation aims to streamline Uniswap's grants program and "reinvigorate governance."
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Largest Southeast Asian Bank DBS Sees Crypto Trading Volumes Soar as Investors Bought the Dip DBS, the largest bank in Southeast Asia, says that it has benefited from the recent crypto market sell-off. The trading volume of its crypto exchange nearly doubled in July, compared to April. The quantity of bitcoin bou...
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Amazon to Shut Down Telehealth Unit

Wall Street Journal - 25 Aug 2022 03:41
Amazon to Shut Down Telehealth Unit The tech giant said it will close the Amazon Care service by the end of the year as it retools its healthcare offerings following the purchase of primary-care company One Medical.
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Dates to look out for over the next few months that might have an impact on your finances.
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Nvidia Corp. executives on late Wednesday forecast another revenue shortfall in the current quarter, after confirming an earlier warning by showing a sharp reduction in profit, while the chip maker assured analysts it wa...
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