Business News
Daily Cartoon: Wednesday, August 31st
The New Yorker - 31 Aug 2022 20:36
"Look, I didn't suffer my whole life just to not have the same or worse suffering passed down to future generations in perpetuity."
More Big Companies Are Hiring Freelancers. That's Good News For The Self-Employed
Forbes - 31 Aug 2022 06:45
The average enterprise company reported that "contingent" labor now makes up 28% of its workforce, according to The Contingent Labor Imperative: How Agile Enterprises Succeed in a Modern Workforce Model. And most firms t...
JPMorgan Advises Investors to Sell Crypto, Buy Value Stocks -- Says the Fed Overestimates Strength of US Economy
Bitcoin.com - 31 Aug 2022 04:30
The chief global strategist of JPMorgan Asset Management has advised investors to focus on valuations, invest in value stocks, sell crypto, and steer clear of bitcoin. “The Federal Reserve is overestimating the strengt...
Donnel Baird Raises Over $100 Million For BlocPower By Discovering The Right Problem To Solve
Forbes - 31 Aug 2022 04:33
Donnel Baird created BlocPower to solve a huge problem that's central to the global effort to address climate change -- how to electrify buildings?
Tech worker goes viral with return-to-office complaints: 'Can't do your lunch break workout'
New York Post - 31 Aug 2022 20:55
A TikTok user who goes by the handle @taylorrosee11 lamented how going back to the office will have a negative impact on her overall well-being.
China's Economic Woes Drag On With Factory Disruptions, Property Slump
Wall Street Journal - 31 Aug 2022 19:37Bed Bath & Beyond Gets Rescue Loan and Says It Will Close 150 Stores
The New York Times - 31 Aug 2022 17:49
The beleaguered retailer's latest turnaround plan embraces a "back-to-basics philosophy," its chief said, an effort to reverse a trend of falling sales, negative cash flow and supply chain woes.
Snap Cuts 20% of Employees and Restructures
The New York Times - 31 Aug 2022 17:15
The maker of Snapchat discontinued some of its products and appointed a chief operating officer, amid financial struggles.
Bitcoin, Ethereum Technical Analysis: ETH Hovers Near $1,600, as Crypto Markets Consolidate
Bitcoin.com - 31 Aug 2022 17:10
Ethereum was hovering close to $1,600 during Wednesday’s session, as market volatility eased today. Following a turbulent week of trading, crypto markets mostly consolidated on hump-day, with the global market capitali...
Bed Bath & Beyond Tanks Nearly 30% As It Announces Layoffs And Store Closures
Forbes - 31 Aug 2022 16:55
The home retailer announced significant store closures and corporate layoffs, though investors latched onto the company disclosing new share offerings.
Express Posts 5th Consecutive Quarter Of Positive Financials; Gains Market Share
Forbes - 31 Aug 2022 16:45
Express has successfully reinvigorated its brand through product and a complete reinvention of the marketing model, said CEO Tim Baxter.
Eurozone inflation hits record high of 9.1%
Sky News - 31 Aug 2022 16:10
Inflation in the eurozone hit its highest ever level this month, pushed up to 9.1% by soaring energy costs exacerbated by the war in Ukraine.
Tesla Raises 'FSD' Price To $15K. Does It Signal They Are Giving Up?
Forbes - 31 Aug 2022 16:08
What if the increase in Tesla's FSD price means they can just buy another company that produces self-driving, then resell that system at a profit they already collected?
Cryptocurrency firm accidentally sent $10.5 million rather than $100 to Australian woman but took 7 months to realize
Business Insider - 31 Aug 2022 15:37
The woman bought a $1.35 million house with the funds that were mistakenly sent to her by Crypto.com, according to a default judgment.
Royal Mail staff go on strike again over pay row
BBC - 31 Aug 2022 04:37
The strikes will disrupt delivery of packages and letters, and further strikes are planned for September.
Fast-Food Operators Mobilize Against California Wage Bill
Wall Street Journal - 31 Aug 2022 04:19SEC Sues Insurance Executive for 'Massive' Fraud
Wall Street Journal - 31 Aug 2022 03:28
The agency alleged that Greg Lindberg and a lieutenant defrauded insurers out of more than $75 million.
Mortgage demand falls even further, as rates shoot back up to July highs
CNBC - 31 Aug 2022 15:00
After falling earlier this month, mortgage rates began rising again to the highest level since mid-July. That caused mortgage demand to pull back even further.
Report: Reddit Co-Founder Alexis Ohanian's Seven Seven Six Targets $177M for a Crypto-Centric Fund Called Kryptós
Bitcoin.com - 31 Aug 2022 02:30
According to a recent report, the venture capital firm founded by Alexis Ohanian, Seven Seven Six, is planning to raise $177 million for a new crypto-centric fund. The new Seven Seven Six fund called Kryptós will concen...
Netflix Appoints Two Snap Executives to Lead Its Ad Push
Wall Street Journal - 31 Aug 2022 02:22Disney exploring Amazon Prime-like membership program: report
New York Post - 1 Sep 2022 01:57
A membership program would help Disney increase customer spending on its products and services, while giving it access to information about consumer preferences.