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Business News

Location American Business News for 28 October 2022
New research from Northwestern Mutual shows a large gap between actual retirement savings and people's goals.
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Cowboy hats, boots, guns and crypto talk with Dan Held

Coin Telegraph - 28 Oct 2022 18:07
Cowboy hats, boots, guns and crypto talk with Dan Held Bitcoiner Dan Held takes journalist Nicole Behnam around Austin, Texas as they recount their journeys into the world of cryptocurrencies.
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Bitcoin weak hands 'mostly gone' as BTC ignores Amazon, Meta stock dip Huge tech stock losses, mostly occurring after the Wall Street close, fail to show up in Bitcoin price weakness.
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Twitter employees brace for massive layoffs as Elon Musk completes his acquisition As Elon Musk completes his acquisition of Twitter, workers debate whether to stay put and await termination or test the job market during a time of hiring freezes and layoffs across the tech industry.
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Americans More Worried About Violent Crime As Republicans Make It A Top Midterm Issue Americans' crime concerns have reached historically high rates, according to Gallup, and Republican midterm candidates are taking advantage of the alarm.
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The Trump Organization tax-fraud trial jury has been chosen, and it's mostly minority and mostly male The Manhattan jury includes two men the defense really didn't want. One "struggled" with his anti-Trump bias; one called Trump 'narcissistic.'
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Global Smartphone Sales Fall; Apple Gains, Samsung And Xiaomi Slide Samsung remained first place in the market despite an 8% decline, research firm Canalys said.
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What to Do When You Know What Stocks Will Do Next

Wall Street Journal - 28 Oct 2022 16:50
Sometimes, investors think they know exactly what's coming around the corner. That sort of certainty is often dangerous.
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Bad News for the Fed As Inflation and Wages Continue to Climb Rapidly The Federal Reserve's preferred inflation measure showed that price gains remained fast in September, and a gauge of wages it watches closely is climbing quickly.
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The Market Usually Rises After the Midterms. Will This Time Be Different? With worries about the economy rising, the four-year presidential cycle for stocks may not follow the established pattern.
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Here's How Qualcomm Stock Has Managed To Double Market Returns Since 2018 However, due to the increased economic uncertainty weighing on the broader markets and ongoing supply chain concerns, the P/S multiple has pulled back, currently standing at around 3.2x. For additional details about the ...
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Japan to Subsidize Electric Bills As Inflation Takes Hold

The New York Times - 28 Oct 2022 13:52
Japan to Subsidize Electric Bills As Inflation Takes Hold Japan is the latest country to turn to enormous fiscal relief as it seeks to reduce the impact of geopolitical instability and rampant inflation.
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Volkswagen Profit Falls on Hit From Ukraine, Software Woes

Wall Street Journal - 28 Oct 2022 13:33
Volkswagen Profit Falls on Hit From Ukraine, Software Woes The auto maker reported a 29% drop in net profit in the third quarter as the war in Ukraine, supply-chain woes and the company's struggle to turn around its software business hit earnings and sales.
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Inside ex-Goldman Sachs banker Gregg Lemkau's big bet on himself Gregg Lemkau bet on himself when he left Goldman Sachs in 2020 to take over as CEO of MSD Partners. Nearly 2 years later, it's paying off.
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Salesforce To Integrate With TikTok And New NFT Platform Salesforce, the cloud-based software company that specializes in customer relationship management (CRM), is set to introduce new features to its offering including NFT Cloud and the social media platform TikTok.
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Twitter takeover, Amazon shares and Gymshark's success Wilfred Frost steps in for Ian King for today's podcast and discusses Elon Musk's $44bn takeover of Twitter. He also sits down with the founder of Gymshark to hear how he went from working out of his garage to opening a ...
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How an $18-an-hour Amazon warehouse job cured one former tech exec's burnout Former Microsoft and Facebook exec Phillip Su said his role as a seasonal Amazon worker helped lift him out of his depression.
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The interest rate on inflation-adjusted I Bonds is expected to drop to around 6.47% starting Nov. 1.
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Twitter Inc. is now owned by Elon Musk, with multiple media outlets reporting Thursday night that the long-anticipated sale had officially closed.
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This Week In XR: As Meta Profits Melt, Resonai, YOOM, And ForeVR Raise Millions The press already had their knives out before the stock dropped 20%.
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Pinterest Inc. proved an exception to the digital-advertising slog that has roiled much of the tech sector.
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A Beginner's Guide to Decentralized Crypto Derivatives Decentralized derivatives emerged out of the fast-growing DeFi market to enable crypto asset hedging and speculating in a decentralized manner.
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