Business News
With The Arrest of an Ex-Marine Corps Pilot, the 'Working with China' Problem Now Appears to be an American One
Forbes - 27 Oct 2022 15:00
Following the recent "threat alert" from British intelligence regarding 30 ex-RAF pilots working with the Chinese military, a Reuters report has confirmed what many suspected. The "working with China" problem is also lik...
Economy Survives Technical Recession--But Worst Could Come Next Year, Experts Warn
Forbes - 27 Oct 2022 15:05
Despite a return to growth, the economy could shrink and lose millions of jobs next year.
Meta fined $24.7M for campaign finance disclosure violations
Chicago Tribune - 27 Oct 2022 04:52
A Washington state judge has fined Facebook parent company Meta nearly $25 million for repeated, willful violations of campaign finance disclosure laws.
JPMorgan CEO Jamie Dimon: US-China Tensions, Russia-Ukraine War 'Far More Concerning' Than Recession
Bitcoin.com - 27 Oct 2022 02:00
JPMorgan Chase CEO Jamie Dimon says the tensions between the U.S. and China and the Russia-Ukraine war are “far more concerning than whether there’s a mild or slightly severe recession.” He stressed: “I would wor...
Deep Dive: Municipal bond yields are attractive now -- here's how to figure out if they are right for you
Market Watch - 27 Oct 2022 17:25
If you're looking for income, these investments have rarely been a better deal in recent years.
What the IRS's New Tax Brackets Mean for You
Wall Street Journal - 27 Oct 2022 16:00
Changes to brackets, deductions and other benefits will lower some Americans' tax burden for 2023.
U.S. Mortgage Rates Hit 7.08%, Highest in More Than 20 Years
Wall Street Journal - 27 Oct 2022 16:00
The rate on a 30-year fixed mortgage averaged 7.08% this week, according to a survey of lenders by mortgage giant Freddie Mac. Just seven weeks ago, the rate was below 6%. A year ago it was just over 3%.
ECB Raises Interest Rates by 0.75 Point
Wall Street Journal - 27 Oct 2022 15:50Hobby Lobby founder says he's giving away his company because 'wealth is a curse'
USA Today - 27 Oct 2022 15:46
Hobby Lobby founder David Green credited his higher power as the "true source" of his success and chose to give away his company instead of profit.
Amazon set to report third-quarter earnings after the bell
CNBC - 27 Oct 2022 15:43
During the quarter, Amazon held its annual Prime Day megasale, and also ratcheted up cost-cutting efforts amid rising expenses.
: Rich nations are quitting their oil and gas habit too slowly, U.N. says in 'emissions gap' report
Market Watch - 27 Oct 2022 15:35
Catching up to pledged global warming temperature limits requires a 45% emissions cut by 2030, United Nations officials say
McDonald's Sales Growth Hit by Strong U.S. Dollar
Wall Street Journal - 27 Oct 2022 15:18Economic Report: U.S. economy grows 2.6% in the third quarter, but recession worries aren't going away
Market Watch - 27 Oct 2022 15:14
The economy grew at an annual 2.6% pace in the third quarter, rebounding from two consecutive declines in the first half of the year that sparked debate about whether the U.S. had sunk into a recession.
Dogecoin price jumps 40% on Elon Musk, Twitter's crypto wallet rumors
Coin Telegraph - 27 Oct 2022 15:02
DOGE could undergo a 20% price correction before the end of the year despite strong fundamentals.
Stocks Have 4 Hurdles To Overcome To Move Significantly Higher
Forbes - 27 Oct 2022 15:00
There are at least four hurdles for the S&P 500 to continue to move higher. Two are fundamental related and two are technical.
JPMorgan Exploring Digital Identity Wallets in Web3
Crypto News - 27 Oct 2022 15:00
Major investment bank JPMorgan is exploring a future in "the new web" that would see users "freely traverse across digital realms in a trusted way, all using one digital identity in multiple places." More precisely, it i...
A record 55,000 Bitcoin, or over $1.1 billion, was just withdrawn from Binance
Coin Telegraph - 27 Oct 2022 14:45
Some serious withdrawals are occurring on the world's biggest crypto exchange by volume.
Argentina's Economy Minister Sergio Massa: From Buying Time To Running Out Of Time
Forbes - 27 Oct 2022 14:45
In one of the many ideological contradictions that characterize Argentina's ruling Frente de Todos coalition, Martín Guzmán was expelled from the Economy Ministry for trying to cut the deficit, only to be replaced by S...
Jobless Claims Rose Slightly Last Week
Wall Street Journal - 27 Oct 2022 14:42The US economy went back into growth mode in the third quarter of 2022, making an imminent recession less likely
Business Insider - 27 Oct 2022 14:32Cinchy looks to end costly data integration within enterprises
Venture Beat - 27 Oct 2022 14:00
Toronto-based Cinchy, which addresses the challenge of data integration for enterprises, has raised $14.5 million in series B funding.