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Business News

Location American Business News for 15 December 2022
NCAA picks GOP Gov. Charlie Baker to be its new president, saying it wants someone who can create 'bipartisan solutions' Baker will take over in March 2023, just a few weeks after his term as governor ends in early January and Democrat Maura Healey takes over.
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How Al Horford's Absence Proved His Value To The Boston Celtics After looking like world beaters at the start of the NBA season, the Boston Celtics narrowly avoided going 1-3 without Al Horford at the end of their recent West Coast road trip. The ugly results revealed why they recent...
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Justin Roiland Talks Art, Creativity, And New Exhibition, 'Debut' Between video game design, 'Rick and Morty,' and an overall deal, Justin Roiland partnered with UTA Artists for his first stab at painting with new exhibition, 'Debut.'
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Federal Reserve raises interest rate by 0.50 percentage points to curb inflation but sees steeper hikes ahead The FOMC interest-rate decision is expected to ripple through the economy, driving up rates for credit cards, HELOCs, mortgages and other loans.      
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Securities and Exchange Commission Chair Gary Gensler has voiced concerns that the current system for executing individual investors' equity trades is rife with conflicts of interest.
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Jobless Claims Fell by 20,000 Last Week

Wall Street Journal - 15 Dec 2022 15:59
Jobless Claims Fell by 20,000 Last Week U.S. unemployment filings declined to the lowest level since late September, a sign the labor market remains historically tight.
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US Cracks Down on Chinese Companies for Security Concerns

The New York Times - 15 Dec 2022 15:45
US Cracks Down on Chinese Companies for Security Concerns The Biden administration placed severe restrictions on trade with dozens of Chinese entities, its latest step in a campaign to curtail Beijing's technology ambitions.
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Hong Kong crypto futures ETFs raise over $70M ahead of debut The CSOP Bitcoin Futures ETF has raked in $53.8 million while the CSOP Ether Futures ETF has collected $19.7 million in initial investments.
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As interest rates increase, many economists say they fear that a recession remains inevitable. Here's what to know
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A Ukrainian Agency Reinvented This Classic Christmas Carol to Help Children in the War "Carol of the Bells" is one of the most popular Christmas carols, even appearing in the classic holiday film Home Alone. But many people are unaware of its origins: It didn't start as a Christmas tune, and in fact, comes...
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Time for Serious Global Crypto Regulation, Germany Says Germany's financial watchdog has issued a call for global regulation of the crypto industry in the aftermath of the FTX collapse. The hands-off approach was wrong, the head of the agency says, insisting it's time to prot...
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What's Next For Boston Scientific Stock After An 11% Rise In A Month? This recent outperformance of Boston Scientific can partly be attributed to its announcement to acquire Apollo Endosurgery in a $615 million deal.
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Warning on which companies to avoid comes as S&P 500 wobbles within 200-point trading range
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Dissecting The Consumer Price Index, Pt 1: 'Inflation' Is Over The November CPI confirms that the post-pandemic inflation episode has actually come to an end - though it seems that the Fed and most of the media haven't realized it - a dangerous disconnect.
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Tech Trade Group Sues California to Halt Children's Online Safety Law NetChoice, whose members include Amazon, Google, Meta and TikTok, said the new law could cause online services to limit important content for minors.
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After years of chasing growth and scale, WeWork faces a cash crunch. Its more fundamentals-focused competitor Regus has a firmer footing.
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'FinTwit' Influencers Face Charges in $100 Million Scheme

The New York Times - 15 Dec 2022 01:40
'FinTwit' Influencers Face Charges in $100 Million Scheme The conspirators used podcasts and social media to talk up stock prices to their large followings, then sold their shares, according to court filings by the S.E.C. and the Justice Department.
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Amid Withdrawals, Binance CEO Warns of Bumpy Months Ahead Binance founder Changpeng Zhao (CZ) has reportedly told staff to expect some difficult months as the leading cryptocurrency exchange is seeing customer withdrawals. The warning comes while the crypto industry is facing c...
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The Securities and Exchange Commission on Wednesday voted to propose a sweeping overhaul of stock-trading rules.
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Trump Vows To Dismantle 'Censorship Cartel' If He's Re-Elected--An Apparent Nod To Musk's 'Twitter Files' Release After Elon Musk released internal Twitter files that showed how the company decided to remove a New York Post story about Hunter Biden's laptop, Trump said parts of the Constitution should be disbanded.
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DeSantis Flip-Flops From Covid Vaccine Supporter To Most Powerful Critic: Here's What Happened DeSantis' adoption of full-on legal action against Covid vaccines could give him an angle to attack former President Donald Trump from the right if he challenges him for president in 2024.
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Claudine Gay Named Harvard's First Black President -- Here's What To Know About Her Gay will also become the second woman in the role.
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