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Business News

Location American Business News for 22 Sep 2022

Success at Work Is Warped by Your Co-Workers' Salaries

Wall Street Journal - 22 Sep 2022 11:30
Success at Work Is Warped byThere soon could be pay-transparency laws from Wall Street to Silicon Valley. What happens when you know more about what your colleagues make?
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Report on effects of California's Proposition 22 shows "broken promises" on wages, health care, something the gig companies are pushing back against.
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Chancellor Kwasi Kwarteng is expected to announce a welfare shake-up to 'get Britain working again'.
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World Will Have Nearly 40%North American and China led gains in 2021; low and middle income countries are expected to fare better in the next five years
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Japanese Banking HeavyweightOn Wednesday, the Japanese financial holding company and principal member of the Nomura Group, Nomura Holdings, announced the launch of a crypto-focused venture capital unit called Laser Digital... Holdings. Nomura’s move follows a number of financial giants entering the cryptocurrency industry this year. Nomura Introduces Laser Digital Holdings The investment banking giant from Japan, Nomura […]
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Why is Trump calling NY AGDonald Trump's fixer-turned-critic doesn't think any of the rampaging racist and X-rated "Peekaboo" origin theories are right. His theory? "Dementia."
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Sebi's endorsement of the AASebi's support to the Account Aggregator (AA) framework is a validation of its construct
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As college athletes cash in onAs college athletes make money through NIL deals, they are being reminded that the newfound cash is taxable income and Uncle Sam gets a cut.      
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TerraPay, NPCI InternationalThrough this collaboration, Indian customers with active UPI IDs (350 million bank accounts) will be able to transact at QR locations enabled by TerraPay globally
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Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, said: "Indian markets again showed resilience in the face of global weakness after the US Fed sounded more hawkish in its... future action. Nifty opened a gap down but attempted to recover twice during the day, to finally close with a loss of 86 points at 17,630".
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Gaming, music, and a mental health charity are coming together in a debut for Wired Productions' new Black Razor music label.
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Japan Intervenes to Prop Up the Sliding Yen

The New York Times - 22 Sep 2022 14:57
Japan Intervenes to Prop UpThe currency's decline to a point not seen in 24 years prompted the rare action as officials keep interest rates low.
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Seeking several measures for ensuring that adequate liquidity is maintained within the system, the ASSOCHAM has said '' 35-50 bps rate hike seems imminent and inevitable while the MPC may leave the... CRR and SLR rates unchanged''.
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After a Big Rate Increase, Markets Fear a Recession

The New York Times - 22 Sep 2022 13:40
After a Big Rate Increase,The Federal Reserve has more jumbo-size interest rises planned, stoking fears of downturns in the housing, labor and stock markets.
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Timor-Leste Seeks U.S.Representatives of the tiny Indian Ocean nation of Timor-Leste were in the U.S. this week, seeking to secure American strategic and financial support of the development of a major offshore reservoir... of natural gas, which has the potential to provide major environmental benefits to the region.
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Darden Restaurants reported mixed quarterly results but still reiterated its outlook for fiscal 2023.
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Binance Receives License toCryptocurrency Binance has received another license from Dubai’s crypto regulator. Binance can now provide more crypto-related services in Dubai. Binance’s New License in Dubai... Cryptocurrency Binance announced Wednesday that it has received the Minimal Viable Product (MVP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). The announcement details that besides allowing Binance to “open a […]
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Andy Byford, Ex-M.T.A. Leader,Mr. Byford, who was revered as "Train Daddy" during his tenure as the chief of the New York City subway, said he would move back to the United States.
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America Has Lost Its Oil Buffer

Wall Street Journal - 22 Sep 2022 13:00
The Strategic Petroleum Reserve is at historically low levels when there are still many supply uncertainties.
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The Luxury Home Market PostsAfter a pandemic-induced bull run, the high-end market has finally faltered thanks to inflation, recession fears and rising interest rates.
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Ofcom to investigate techRegulator's inquiry will also focus on messaging and smart devices as three 'hyperscalers' face scrutiny Ofcom will investigate the world's biggest tech companies to ensure their dominance in areas... such as cloud computing, messaging and smart devices works for the people and businesses of Britain, the communications regulator has said. The cloud services investigation, which will take priority out of the three issues, will look at Amazon, Microsoft and Google.
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JPMorgan CEO Jamie DimonThe billionaire banker argued that bitcoin and other speculative tokens don't do anything, and facilitate fraud, theft, and money laundering.
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Minimalist beauty brand MeritKatherine Power, the cofounder of Who What Wear, Avaline wine, and Versed, has growing ambitions for her luxury beauty brand Merit. Katherine Power is a maximalist when it comes to launching brands.... She has the Who What Wear blog, which has spinoff fashion lines with Target; Versed skincare; and Avaline wine. But when it comes to makeup, she’s a minimalist. Read Full Story
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Aditya Birla Sun LifeABSLI Akshaya Plan enables the policyholder to draw cash bonus from the end of first policy year, providing a regular source of income
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Is a re-rating on the cards for capital goods stocks?

Business Standard - 22 Sep 2022 03:30
Is a re-rating on the cardsRobust demand in economy -- aided by government spending -- has enabled capital goods companies to sustain strong order inflows. Takes a look at key factors which make analysts bullish on this space
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