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Business News

Location American Business News for 5 November 2022
Elon Musk Twitter Sink: What's Elon Up To This Time? Elon Musk's Twitter deal finally closed. He celebrated with a sink. Here's what you need to know.
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Democratic Rep. Teresa Leger Fernández faces off against Republican Alexis Martinez Johnson in New Mexico's 3rd Congressional District election Moderate Republican Alexis Martinez Johnson hopes to oust Democratic incumbent Teresa Leger Fernández in New Mexico's 3rd Congressional District.
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Bitcoin-Mining Machines: For Sale on Deep Discount

Wall Street Journal - 5 Nov 2022 14:13
Some mining companies' expenses, especially their debt payments, have overwhelmed their revenue, forcing them to sell hardware to raise cash.
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Prepare for the worst and hope for the best.
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Advertisers Flee As Twitter Lays Off Nearly Half Of Its Workforce The company shut all offices on Friday "to help ensure the safety of each employee as well as Twitter systems and customer data."
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U.S. Added 261,000 Jobs in Strong Showing

The New York Times - 5 Nov 2022 00:48
U.S. Added 261,000 Jobs in Strong Showing Job growth is slowing but remains stronger than comfortable for the Federal Reserve, which is trying to tame high inflation.
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Berkshire Hathaway Reports Third-Quarter Loss

The New York Times - 5 Nov 2022 15:53
Berkshire Hathaway Reports Third-Quarter Loss The company's huge investment portfolio lost money, while its insurance arm felt the effects of Hurricane Ian and inflation-driven rises in property and damage claims.
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NASDAQ Roundup: Alphabet Earnings, Microsoft Earnings, Spotify Earnings, And More Tech stocks have been in favor for years now. But they are just as susceptible to a bad market as other securities, maybe more. Here is a roundup of the latest tech earnings reported, and what investors need to know as t...
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"The stage is still set for a pretty substantial end-of-year rally," says one market strategist as investors head into the 2022 midterms.
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There's likely a recession looming next year. But it probably won't be as dramatic or weird as the past few.
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Dunkin's controversial new rewards program looks more like Starbucks'. Here's how they stack up. Starbucks Rewards is a better deal for getting free drinks, but Dunkin' has better food rewards.
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Elon Musk says Twitter is losing more than $4 million a day so he had 'no choice' about cutting thousands of jobs Thousands of workers have been sent emails with the subject line "Role at Twitter, " informing them if they been kept on or laid off.
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The move by German regulator BaFin suggests it is still unhappy with the bank despite years of pressure.
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Fidelity Investments Launching Commission-Free Retail Crypto Trading for Bitcoin and Ether Fidelity Investments, one of the world’s largest brokerage firms with $9.9 trillion in assets under administration, is launching Fidelity Crypto, a service that allows retail investors to trade bitcoin and ether commis...
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Nike Suspends Partnership With Kyrie Irving

Wall Street Journal - 5 Nov 2022 03:59
Nike Suspends Partnership With Kyrie Irving Nike moved to distance itself from the basketball star after he was suspended by his team for being slow to disavow anti-Semitism.
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Wicker Park's Flat Iron Arts Building gets new owners, who promise to preserve it as artists' community The new landlords said there's no reason to fear drastic change.
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Republican incumbent Rep. Andrew Garbarino faces off against Democrat Jackie Gordon in New York's 2nd Congressional District election Republican incumbent Andrew Garbarino faces off against Democrat Jackie Gordon in a rare 2020 rematch.
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Arbitrator Rules on Fox Option to Buy FanDuel Stake

Wall Street Journal - 5 Nov 2022 01:33
Arbitrator Rules on Fox Option to Buy FanDuel Stake The ruling paves the way for Fox Corp. to take a bigger position in the fast-growing sports-betting industry.
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Ex-MoviePass Executives Are Charged With Securities Fraud

Wall Street Journal - 5 Nov 2022 00:50
Ex-MoviePass Executives Are Charged With Securities Fraud The two men are accused of engaging in a fraudulent scheme to inflate the parent company's stock and attract new shareholders.
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Twitter Rolls Out Blue Checkmarks for Paying Customers

Wall Street Journal - 5 Nov 2022 23:52
Twitter Rolls Out Blue Checkmarks for Paying Customers Twitter Inc. said it has begun rolling out software updates to charge users $7.99 a month to mark their accounts with a blue checkmark, part of Elon Musk's early efforts to boost revenue a little more than a week after t...
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A landlord is pinning energy bills to walls to show regulars why the cost of their pint has gone up.
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Set Your Clocks Back Tonight--And No, Daylight Saving Time Isn't Going Away Yet The Senate approved a bill last year to make daylight saving time permanent, although it's stalled in the House.
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