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Business News

Location American Business News for 6 October 2022
Ruben -stlund's class satire, starring Charlbi Dean and Harris Dickinson, strains to look more audacious than it is.
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"Can you buy Twitter and then delete it, please!?" Riley allegedly texted Elon Musk on March 24. "America is going INSANE."
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Shell Braces for Profit Hit From Volatile Natural-Gas Prices

Wall Street Journal - 6 Oct 2022 13:00
Shell Braces for Profit Hit From Volatile Natural-Gas Prices The London-based oil company said the pricing and cost swings from shortfalls of liquefied natural gas will likely cut into profit from its huge gas business, typically its biggest cash generator.
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This Week In XR: SideQuest Raises $12 Million Series A Led By Google Ventures Meta Connect is next Tuesday, October 11th.
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FC Barcelona Posts $111 Million Profit For 2022 FC Barcelona announced its results for the year ending June 2022 today and reported a profit of $111 million on revenue of $1.15 billion (average exchange rate for fiscal year: 1 euro = $1.128 U.S. dollars).
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Inflation to curb US holiday travel plans

New York Post - 6 Oct 2022 04:22
Inflation to curb US holiday travel plans Airline fares and gas prices rose 33.4% and 25.6% year over year, respectively, in August.
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U.S. Looks to Ease Venezuela Sanctions, Enabling Chevron to Pump Oil The Biden administration is preparing to scale down sanctions on President Nicolás Maduro's authoritarian regime to allow Chevron to resume pumping oil there, according to people familiar with the proposal.
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White House Puts Up $2 Billion In Loans For Controversial Buildout Of CO2 Pipelines The new program may draw fire from environmentalists, but decarbonization experts say the infrastructure is needed to hit climate goals.
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Conagra's Sales Rise Nearly 10% on Higher Prices

Wall Street Journal - 6 Oct 2022 16:17
Conagra's Sales Rise Nearly 10% on Higher Prices A shift in the mix of items sold also helped add to the sales gain, even as costs ballooned 15%.
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Microsoft, other tech companies dominate list of businesses with best perks and benefits Job-hunting website Comparably ranks companies based on feedback provided by employees over the past year.      
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Beer, Wine and Spirits Makers Face Push to Say What Is in Their Drinks The federal government weighs changes to labels as a lawsuit by consumer groups raises pressure to disclose ingredients.
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People are being warned to only travel if absolutely necessary as the RMT union holds another strike.
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Peloton to Cut 500 More Jobs in Last Bid for Turnaround

Wall Street Journal - 6 Oct 2022 15:05
Peloton to Cut 500 More Jobs in Last Bid for Turnaround Chief Executive Barry McCarthy said the company has six months to prove it can survive on its own.
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Stock Futures Edge Down on Worries Over Rates, Growth

Wall Street Journal - 6 Oct 2022 14:42
U.S. stock futures fell, suggesting major indexes could stumble for a second consecutive day following their strong start to October.
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Despite its growth, the company's valuation could fall further in its public debut.
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SEC Halts Crypto Ponzi Operation Targeting Latino Investors The U.S. Securities and Exchange Commission (SEC) has filed an emergency action to stop an ongoing crypto Ponzi scheme targeting Latino investors. According to an SEC press release, the scheme was being operated by defen...
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Energy supplies, the price of gold and the Great British Pub of the Year On today's episode, Ian King speaks to an energy expert about fuel prices increasing and warnings about gas supplies. There's also a discussion about how investors are staying away from gold. And he chats to a teacher-tu...
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U.S. Gasoline Prices Are Climbing Again and May Get Worse

Wall Street Journal - 6 Oct 2022 13:30
U.S. Gasoline Prices Are Climbing Again and May Get Worse Gasoline prices are ticking up after a roughly 100-day decline, threatening to inflict new pain on consumers who have been grappling with widespread inflation for more than a year.
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Meeting the Mental Health Challenge in School and at Home

The New York Times - 6 Oct 2022 13:00
Meeting the Mental Health Challenge in School and at Home From kindergarten through college, educators are experimenting with ways to ease the stress students are facing -- not only from the pandemic, but from life itself.
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Bitcoin Price Up Since Bitboy Crypto's Bearish Short Term Prediction Bitboy Crypto has shared several short term bearish - but long term bullish - Bitcoin price predictions. Since then the market has rallied. A love / hate figure in cryptocurrency, Ben Armstrong (@Bitboy_Crypto) now has 8...
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How To Invest In Artificial Intelligence

Forbes - 6 Oct 2022 04:26
How To Invest In Artificial Intelligence We all see the power of artificial intelligence. As investors, we must consider the best way to get into AI so that we don't get left behind. Here are 10 AI investments to consider right now.
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Patricia Cloherty, Trailblazing Venture Capitalist, Dies at 80 A logger's daughter, she was among the first women to thrive in the high-risk, high-reward field and a key backer of fledgling Russian companies in the 1990s.
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