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Business News

Location American Business News for 10 October 2022
Bitcoin Price Prediction - Max Pain is Sideways Chop Until 2024 - Bluntz Crypto analyst Bluntz (@SmartContracter) predicted Bitcoin will trade sideways in a range bound environment for 12 more months - so far, he's been accurate. He posted the tweet below on August 29th, and six weeks on Bitc...
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If you're patient and diligent about saving, you'll be home faster.
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Do Bitcoin And Gold Still Look Vulnerable?

Forbes - 10 Oct 2022 02:09
Do Bitcoin And Gold Still Look Vulnerable? Two key trading markets, based on the technical analysis of Tom Aspray, looked vulnerable technically in the middle of August. Therefore the short side was favored. Both have declined to new lows for the year, so has the...
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How a New Anti-Woke Bank Stumbled

Wall Street Journal - 10 Oct 2022 20:11
GloriFi CEO Toby Neugebauer won over A-list investors to build a bank that would cater to people who consider Wall Street firms too liberal. Within months it was nearly bankrupt, and it missed launch dates amid layoffs a...
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Retailers Kick Off Black Friday in October Again, This Time With Too Much Stuff Target and Walmart are rolling out early deals this week in a bid to attract holiday shoppers, as the retail industry works to unload excess inventory and compete with Amazon.
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Facebook Makes New Pages Experience Available to All SMBs The new pages experience Facebook initially began rolling out in January 2021 for creators, public figures and subject matter experts is now available to all small and midsized businesses. Facebook parent Meta said in a ...
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After a general's clash with Fox News' Tucker Carlson, soldiers worry the US Army 'has gone full MAGA' Official scrutiny of a general who criticized a Fox News segment about women in the military has soldiers worried about deference to right-wing media.
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Record Number of Brazilian Companies Holding Crypto - Bitcoin and Tether Lead Adoption The number of companies in Brazil holding cryptoassets hit an all-time high in August, with bitcoin (BTC) and tether (USDT) standing at the top of the adoption list. Per the local media, Receita Federal do Brasil (RFB), ...
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Founder of Huobi Crypto Exchange Sells Stake in Company Huobi founder and controlling shareholder Leon Li Lin will sell its entire stake in the Seychelles-based crypto exchange to About Capital Management, a Hong Kong-based assets management company. According to an October 8...
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CEO Andy Jassy said the $970 million investment in electric vehicles will help the company meet net-zero goals.
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Chinese Stocks Slide on Weaker Consumer Spending

Wall Street Journal - 10 Oct 2022 15:59
China's CSI 300 index hit its lowest level in more than two years on its first trading day after a weeklong national holiday.
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Stock Futures Wobble on Fed Concerns, Ukraine Escalation

Wall Street Journal - 10 Oct 2022 15:41
U.S. stock futures started the week on a shaky note as concerns about Federal Reserve policy and further escalation in the Ukraine war weighed on markets.
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Binance CEO Changpeng Zhao Believes Decentralization Is Part of a 'Gradient Scale' Changpeng Zhao, founder and CEO of Binance, the biggest cryptocurrency exchange by volumes traded, pondered the importance of decentralization and the relation it has with security and freedom. Zhao stated that there are...
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Tesla Is Set For A Record Q3. What Does This Mean For The Stock? Tesla is expected to publish its Q3 2022 earnings on October 19, reporting on a quarter that saw deliveries soar to record highs.
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Gender Stereotypes Still Matter At Work But New Data Shows Progress Gender stereotypes are apparently alive and well, but the good news is there seems to be progress toward a more equitable views of women, men, their strengths and their abilities to lead.
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Ben Bernanke Among Nobel Economics Prize Winners

Wall Street Journal - 10 Oct 2022 14:58
Ben Bernanke Among Nobel Economics Prize Winners The other two winners were Douglas Diamond and Philip H. Dybvig, whose work helped governments and central bankers navigate the global financial crisis and avoid a 1930s-style depression.
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China's biggest chipmaker falls almost 4% thanks to fears new export controls will cut China off from semiconductors made with US tools.
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Decentralized exchange Uniswap v3 gets 'Warp'ed' onto StarkNet Ethereum-native projects like Uniswap that are written in Solidity can now be transpiled to StarkNet via Nethermind's new 'Warp' project
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Inside Mark Zuckerberg's Metaverse Struggles

The New York Times - 10 Oct 2022 04:52
Inside Mark Zuckerberg's Metaverse Struggles Meta's push to develop virtual and augmented reality technology has had a bumpy year.
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The share of married Americans has fallen to 45%, down from 50% in 2015.
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'The Walking Dead' Season 11, Episode 18 Review: The Good, The Bad And The WWE Wrestlers The Walking Dead offers up a somewhat better episode than last week, but still falls into some old (and new) traps.
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The New York Times reporter Maggie Haberman, who has reported on Trump's many legal troubles, said he knows this situation is different.
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