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Business News

Location American Business News for 1 December 2022
Why Apple's Ad Is a Milestone in Disability Representation Though about 15% of the global population is disabled, people with disabilities remain far underrepresented in advertising. But a new ad from Apple is notable for featuring an inclusive, disabled cast demonstrating their...
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US Treasury's Yellen Says Crypto Doesn't Have Adequate Regulation -- Calls FTX Collapse 'a Lehman Moment' U.S. Treasury Secretary Janet Yellen says that the collapse of crypto exchange FTX shows that the crypto industry “really needs to have adequate regulation.” She added: “It’s a Lehman moment within crypto, and cr...
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UN Requests Record $51 Billion For Humanitarian Relief Efforts Global food and energy crises have been driven by the war in Ukraine, the agency said.
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Clothing brands' push for gender inclusive clothing ripped as 'marketing ploy,' 'confusing to children' Celebrities like Jared Leto and Harry Styles, have pushed gender boundaries in fashion, often appearing on the red carpet in feminine clothing like dresses and skirts.
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US stocks close mixed as investors nervously await November jobs report Stocks wavered to start December after weekly jobless claims indicated the labor market is still running strong ahead of Friday's jobs report.
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Still, new 52-week highs made by individual stocks is low, putting on hold a 'buy' signal.
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When Is It Time to Retire? Readers (and I) Want to Know

Wall Street Journal - 1 Dec 2022 19:00
In a farewell column, Glenn Ruffenach considers how you know you're ready to walk away, even if it's hard to do.
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"It's hard in a sense that they have to put pain on the economy to get inflation down."
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CSG Helps Retailers Build and Deploy Quantifiable Customer Experiences SaaS platform CSG has launched CSG Xponent Ignite, a customer engagement solution designed to enable businesses to quickly deploy, engage and deliver quantifiable experiences aligned with their goals. Xponent Ignite aims...
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Sam Bankman-Fried Continues to Speak About FTX Despite Lawyer's Advice The fallen founder of the cryptocurrency empire said it was his "duty" to talk about the exchange's collapse.
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Salesforce Co-CEO Bret Taylor to Step Down

Wall Street Journal - 1 Dec 2022 01:53
Salesforce Co-CEO Bret Taylor to Step Down Marc Benioff will become the business-software company's sole chief executive.
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Ernest Hemmingway's Classic Honored In Rum Bottle With Innovative AR Experience A rum brand is celebrating the 70th anniversary of Ernest Hemingway's The Old Man and the Sea in an unusual way. Papa's Pilar, which honors Hemingway, is releasing previously unreleased clips of Hemingway that are narrat...
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Stock Futures Rise After Data Shows Slowing Pace of Inflation

Wall Street Journal - 1 Dec 2022 15:53
U.S. stock futures rose after data offered fresh signs that inflation pressures are easing and consumers continue to spend.
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The Fed's Preferred Inflation Gauge Slowed in October

The New York Times - 1 Dec 2022 15:39
The Fed's Preferred Inflation Gauge Slowed in October A measure of inflation that the Fed watches most closely is showing signs of moderation, though price gains still remain too fast for comfort.
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In a new lawsuit, Northwest Biotherapeutics accused market makers of illicit "spoofing" trades.
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Why Onerous Food Labels Won't Make A Dent On Obesity Nutrition labels 'preach to the choir' and reassure health-conscious consumers -- but they don't get through to those who need it the most.
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Is Walgreens Stock A Better Pick Over This Giant Retailer? Although Walgreens is trading at a comparatively lower valuation of 0.3x, trailing revenues than 0.7x for Walmart, this gap in the valuation is justified given the latter's superior revenue growth, profitability, and low...
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Box Inc. came about as close to a $1 billion annual revenue run-rate as a company can get in the third quarter and executives promised to top it for the first time to wrap the year Wednesday.
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EU Asks Members to Set Russia Oil-Price Cap at $60

Wall Street Journal - 1 Dec 2022 14:48
EU Asks Members to Set Russia Oil-Price Cap at $60 The price cap is the West's attempt to squeeze the Kremlin's oil revenues while keeping oil supplies steady and avoiding an increase in global energy prices.
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Russian Billionaire and Crypto Businessman Dies in Helicopter Crash in France Russian financier and cryptocurrency entrepreneur Vyacheslav Taran has been killed in a helicopter crash on French territory. The accident marks the latest in a series of deaths of crypto executives and adds another name...
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Rita Jandu has been awarded almost $65,000 after winning her case for unfair dismissal and disability discrimination at an employment tribunal.
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Salesforce employees say they were blindsided by Bret Taylor's departure Even Marc Benioff, co-CEO of Salesforce, appeared shocked by the news of Bret Taylor's departure — Benioff swore Taylor would be back.
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