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Business News

Location American Business News for 6 November 2022
Powerball jackpot still up for grabs. Here's what to do if you win The Powerball jackpot sits at $1.6 billion for Saturday's drawing. Here's what to do if you win.      
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Mergers and stock and bond offerings slowed in October to the lowest level in over a decade as the Fed's rate hikes sucked capital out of the markets.
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Don't Expect To Know The Midterm Winners On Tuesday--Here's Why These States Could See Delays Election officials in multiple states have warned that day-of results are unlikely, while assuring voters it's evidence of the process working correctly.
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U.S.-Stock Funds Showed Life in October

Wall Street Journal - 6 Nov 2022 18:00
Monthly Monitor: The average U.S.-stock fund rose 8.7% in October, but both stock funds and bond fund remain sharply lower for the year so far.
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Powerball Jackpot Swells To Record $1.9 Billion After No Ticket Wins Saturday's Draw--Here's How Much Tax A Winner Would Pay The prize will be the largest jackpot in national lottery history after no winning ticket has been sold since August.
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Support for Ripple Grows in SEC Lawsuit Over XRP -- CEO Says 'It's Unprecedented' Support for Ripple Labs in its fight against the U.S. Securities and Exchange Commission (SEC) over xrp has grown, with 12 amicus briefs filed. “It’s unprecedented,” Ripple CEO Brad Garlinghouse said, adding that e...
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Twitter Begins Mass Layoffs -- Elon Musk Says 'No Choice' Citing $4M Loss per Day Tesla CEO and Twitter chief Elon Musk has begun massive layoffs at the social media company. The billionaire explained that there is no choice since Twitter is losing over $4 million a day. “Twitter has had a massive d...
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Streaming Services Raise Prices Again. Here's How to Avoid Overpaying. Be on the lookout for increases from Apple, Disney, Netflix and plenty of others.
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The Best Places to Get Income in the Bond Market Now

Wall Street Journal - 6 Nov 2022 16:00
A lot of investors are abandoning the battered fixed-income market. But that may be shortsighted.
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Former VP Of Amazon Preaches A Frictionless Experience If you don't make it really simple and easy for customers, someone else will."
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Brexit isn't to blame for our current problems; it is still an opportunity | Larry Elliott Whether that opportunity is seized or squandered is yet to be seen but the dire predictions didn't happen The UK economy is clearly struggling. Growth has stalled, interest rates are going up and the Treasury is softenin...
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How Investing In Your Own Leadership Skills Can Boost Business Growth Business growth is closely tied to leadership skills. Here are three considerations on how to invest in yourself for the benefit of both your employer and your career.
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SEC issues subpoena to influencers promoting HEX, PulseChain and PulseX The SEC issued subpoena as part of the investigation, which demanded the influencers in question to produce the required documents by Nov. 15, 2022.
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Home Depot Workers Reject Union Effort In Philadelphia

The Huffington Post - 6 Nov 2022 06:09
Home Depot Workers Reject Union Effort In Philadelphia The home-improvement chain still doesn't have a union at any of its 2,000 U.S. stores.
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Goldman Sachs Launches Data Service to Help Investors Analyze Crypto Markets Global investment bank Goldman Sachs has launched a new data service in collaboration with MSCI and Coin Metrics to help investors analyze crypto markets. The new system is “designed to provide a consistent, standardiz...
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What The Elections Might Mean For Commodity Prices, Especially Oil The Federal Reserve is doing its part to stifle inflation by crimping demand, but policy changes that encourage supply will help subdue inflation just as effectively, and with a lot less pain.
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Federal Reserve: Rising Rates Raise Two Key Questions - Neither Concerns Inflation Or Recession Both concern the Fed's desired outcomes and the capital (money) market's role in setting interest rates
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Twitter Begins Offering $7.99-a-Month Verification Subscriptions The new system for assigning check marks to users' profiles is among a raft of changes the company has been discussing since Elon Musk's takeover.
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Bitcoin could become the foundation of DeFi with more single-sided liquidity pools More options for single-sided Bitcoin staking could lead to a consolidation of decentralized exchange aggregators -- meaning improved liquidity for users.
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People whose mortgage payments had risen more than 10% would get a grant, under the party's plan.
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Why Nike Can Afford to Drop Kyrie Irving, Exerts Say

The New York Times - 6 Nov 2022 23:52
Why Nike Can Afford to Drop Kyrie Irving, Exerts Say Kyrie Irving's relationship with the athletic apparel giant has been lucrative, but his recent post about an antisemitic movie has led the company to suspend its dealings with him.
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The New York Times reported Sunday that Twitter will delay the rollout until after Tuesday's elections, following concerns that a sudden spike in misinformation could interfere with the voting process.
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