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Business News

Location American Business News for 3 September 2022
Former Cubs starting pitcher Jon Lester sells home in Chicago's Graceland West neighborhood for $3.5M Former Chicago Cubs player Jon Lester and his wife sold their 5-bedroom home in Chicago's Graceland West neighborhood for $3.5 million.
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A Boss Ordered All Workers Back to the Office a Year Ago. He Has No Regrets. Hundreds quit after Mat Ishbia required UWM employees to be at their desks five days a week. 'Without question, it's been worth it.'
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Russia Says the Gas Pipeline to Germany Will Remain Closed

The New York Times - 3 Sep 2022 02:07
Russia Says the Gas Pipeline to Germany Will Remain Closed Nord Stream 1, operated by state-owned Gazprom, won't reopen Saturday as expected, heightening fears Russia will step up its use of energy to pressure Europe.
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Fintech Unicorn Flutterwave Granted 'Game Changing' License by Nigerian Central Bank The Nigerian fintech Flutterwave has said the switching and processing license it recently received from the Central Bank of Nigeria allows it to “deliver an improved experience to our customers.” The new license is ...
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It Really Is Time to Get Back to the Office, Bosses Say*

Wall Street Journal - 3 Sep 2022 08:00
It Really Is Time to Get Back to the Office, Bosses Say* *They might not actually make you go.
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LG's $4.4B Battery Plant, Taming Volcanic Brine And More Fuel Cells For Trucks This week's Current Climate, which every Saturday brings you the latest news about the business of sustainability.
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Student loan forgiveness frees up money for millions of Americans but it won't spark a spree of stock buying like pandemic-stimulus checks Biden's student loan forgiveness won't bring in the same wave of cash to meme stocks and crypto as the 3 rounds of pandemic 'stimmy' checks did.
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Recession Watch: Stock Market Rally 'Is Over' As Unemployment Starts Rising And Fears Intensify It's still incredibly unclear whether inflation will fall quickly enough to avoid a recession this year.
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Bitcoin, Ethereum Technical Analysis: BTC, ETH Below $20,000 and $1,600 Respectively, on Saturday Following a brief rally above $20,000 and $1,600 respectively, bitcoin and ethereum fell below these levels to start the weekend. The decline comes as momentum surrounding yesterday’s nonfarm payrolls report faded. Bit...
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Walmart Vs. Amazon: The WMT Vs. AMZN Stock Showdown Two of the biggest retailers on the planet have very different strategies so we ask, which stock is better, Amazon or Walmart? What do I need to know about the stock to make an investment decision?
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Bank of America Launches Grants to Support Underserved Businesses in Select Cities Bank of America is launching a new program for small businesses looking at new commercial spaces. Read about this opportunity and more small business grants below.
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The bank is launching two lending pilots through a government-sponsored program that aims to expand credit in underserved communities.
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I'm a college student and save $1,500 a month by living in my van Davis Tranbarger is a student at the University of Tennessee and has decided to live in the van he converted last summer until he graduates.
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This 102-years-old private sector bank revises savings account interest rates The oldest private sector bank in Kerala is CSB Bank Limited, which was founded in 1920 as The Catholic Syrian Bank Limited.
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Brazilian Cryptocurrency Exchange Mercado Bitcoin Lays Off 15% of Workforce Due to Global Economy Woes Mercado Bitcoin, one of the biggest Brazilian cryptocurrency exchanges, has announced a new wave of layoffs amidst a worsening global economic situation for fintech startups, which the exchange states is affecting innova...
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FTC Investigating Amazon Deal to Buy One Medical Clinics

Wall Street Journal - 3 Sep 2022 03:06
FTC Investigating Amazon Deal to Buy One Medical Clinics The probe of the $3.9 billion deal adds to the issues Amazon faces at the antitrust enforcement agency and comes as technology and retail giants try to make inroads into the nation's $4 trillion healthcare economy.
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Zoom towns transforming small rural towns

USA Today - 3 Sep 2022 02:56
Zoom towns transforming small rural towns As remote jobs took hold during the COVID-19 pandemic, a flux of remote workers left big cities for rural towns creating so-called Zoom towns.      
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IMF Bailout Approval Helps Zambian Kwacha Take the Russian Ruble's Position as World's Best Performing Currency After the International Money Fund revealed it had approved a bailout package for Zambia, the Southern African country’s currency, the kwacha, rallied by 3.1%. Following this gain, the kwacha took the Russian ruble’s...
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25 Million Watched 'Lord Of The Rings' Spinoff 'Rings Of Power' Premiere Amazon Prime purchased the adaptation and production rights for The Rings of Power for $250 million in 2017.
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The teacher said using the student's preferred name and pronouns would have violated her Christian beliefs, and she sought a religious accommodation.
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WWE Clash At The Castle 2022 Results: Roman Reigns Beats Drew McIntyre; Solo Sikoa Debuts Solo Sikoa cost Drew McIntyre the Undisputed WWE Universal Championship at WWE Clash at the Castle.
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Amazon's 'Lord of the Rings: The Rings of Power' Draws More Than 25 Million Viewers The premiere of the high-price series marked biggest debut in the history of the streaming service, Amazon said.
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