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Business News

Location American Business News for 26 October 2022

15 Largest Banks in the U.S. by Total Assets

Money Crashers - 26 Oct 2022 19:00
The 15 largest banks in the United States include some you've heard of, like Bank of America and Wells Fargo. But some of the banks on this list might surprise you, like BNY Mellon and Silicon Valley Bank. The post 15 La...
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Worried about identity theft? What to do to minimize your risk There is no way to completely prevent your identity from being stolen. But taking these steps can help make it less likely, and lessen the impact if it does happen.
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Could Wildcatters Spoil the Oil Profit Party?

Wall Street Journal - 26 Oct 2022 14:00
Continental Resources' take-private is no cause for panic, but it could worry energy investors, who have so far been successful reining in previously aggressive energy companies.
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Alphabet's earnings report confirmed a big ad spending slowdown, and that bodes poorly for Meta Alphabet's third-quarter results showed Google's ad revenues fell from last quarter, showing that advertisers are tightening their purse strings.
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Harley-Davidson Posts Higher Revenue on More Shipments

Wall Street Journal - 26 Oct 2022 15:49
Harley-Davidson Posts Higher Revenue on More Shipments The company said higher shipments, manufacturing leverage and lower tariffs contributed to a 24% jump in revenue for its division that makes motorcycles, parts and apparel.
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Boeing Reports $3.3 Billion Loss

Wall Street Journal - 26 Oct 2022 15:04
Boeing Reports $3.3 Billion Loss The company's revenue rises by 4% as Chief Executive David Calhoun says turnarounds take time.
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What's the Inflation Rate? It's a Surprisingly Hard Question to Answer Microeconomic analysis suggests underlying inflation could be as low as 3%; macroeconomic analysis suggests it isn't.
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Nine Ways To Ensure Your Company Culture Breeds Successful Leaders Whether it's by giving employees more autonomy or encouraging curiosity, there are a multitude of ways you can ensure your company culture breeds successful leaders.
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Spotify Misses Earnings Goal but Sees Advertising Strategy Working Spotify experienced slow ad revenue growth during the company's 2022 third-quarter earnings call Tuesday but was still up 19% versus the same quarter last year. Top line The audio platform's total Q3 revenue topped $3 bi...
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Kraft Heinz Sales Tick Higher as Prices Rise

Wall Street Journal - 26 Oct 2022 13:51
Kraft Heinz Sales Tick Higher as Prices Rise The company said higher prices managed to fully offset higher supply-chain expenses and costs for commodities in its latest quarter.
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Elon Musk says Apple's battle with Spotify is 'concerning' and its new 30% charge on social-media ad revenue 'is a lot' Elon Musk says "30% is a lot" in regards to Apple's tax on social media apps on the App Store that allow promoted posts.
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Shares in U.K. furniture group Made.com have collapsed 90% since the company failed to find a buyer late Tuesday and consequently suspended customer orders.
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Warner Bros. Discovery Names Two Veterans to Lead DC Studios

Wall Street Journal - 26 Oct 2022 04:10
Warner Bros. Discovery Names Two Veterans to Lead DC Studios James Gunn and Peter Safran will head the division that includes a stable of valuable superhero properties including Superman, Batman, Wonder Woman and Aquaman.
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Spotify Boosts Subscribers, Says 2023 Price Increases Likely

Wall Street Journal - 26 Oct 2022 03:53
Spotify Boosts Subscribers, Says 2023 Price Increases Likely The audio streaming giant surpassed growth forecasts, increasing monthly active users by 20% to reach 456 million.
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Biden Administration Wants To Make It Easier To Seize Crypto Without Criminal Charges No matter how the midterms shake out, Congress must reject the proposed crypto crackdown and rein in civil forfeiture.
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Even in Big Tech, safety is no longer a sure thing. And Alphabet executives are learning that lesson the hard way.
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A new study by Bright Data reveals 90% of companies report that in the last year, they have increased their budget for web data.
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UK Dividends Fall 8.3% In Q3, Link Group Raises Full-Year Dividend Forecasts The forward yield on British stocks now sits at 4.2%, according to Link Group.
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Report: Vast majority of blockchain energy studies 'lack scientific rigor' According to researchers, 74% of blockchain energy studies 'do not build upon existing theories.'
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Mythical Games has released information about its upcoming web3 release -- Nitro Nation World Tour
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Punjab National Bank (PNB) hikes fixed deposit (FD) rates by up to 75 bps The leading public sector lender Punjab National Bank has hiked interest rates by up to 75 bps on fixed deposits of less than ₹2 Cr.
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Argentinian Customs Officials Seize 342 Crypto Mining Rigs Customs officers in Argentina have seized a haul of 342 crypto mining rigs as the nation continues its recent crackdown on illegal miners. The state news agency Télam reported that swoop was conducted by the General Dir...
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