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Business News

Location American Business News for 16 December 2022

Daily Cartoon: Friday, December 16th

The New Yorker - 16 Dec 2022 17:47
Daily Cartoon: Friday, December 16th "Oh, great--now I have to get him something."
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The Best Graphic Novels Of 2022

Forbes - 16 Dec 2022 18:49
The Best Graphic Novels Of 2022 2022 featured a great assortment of fiction and nonfiction graphic work for adult readers. Here are 10 top picks.
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Is Pfizer Stock A Better Pick Over This Pharmaceuticals Bellwether? We believe that Pfizer stock (NYSE: PFE) is currently a better pick than its peer, Johnson & Johnson stock (NYSE: JNJ), given its relatively lower valuation of 3.1x trailing revenues, compared to 4.9x for J&J.
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Goldman Sachs to lay off up to 8% of its workforce

Business Insider - 16 Dec 2022 18:16
Goldman Sachs CEO David Solomon previously said the firm is seeing "headwinds on our expense lines."
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Where did the Great Resigners and Quiet Quitters go?

Fast Company - 16 Dec 2022 06:00
Where did the Great Resigners and Quiet Quitters go? Tens of millions of employees left the workforce last year, from self employment to better roles, this is where they have landed and what’s next for employees. More than 40 million people quit their jobs last year—a ...
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Adobe Fourth-Quarter Revenues Up 10% as Demand Remains Strong

Wall Street Journal - 16 Dec 2022 00:29
Adobe Fourth-Quarter Revenues Up 10% as Demand Remains Strong Shares of software company rise as current-quarter profit estimates come in ahead of Wall Street views.
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Stocks have been on a wild ride this week, and conditions could still get weirder as traders brace for "quadruple witching" on Friday, when a flurry of equity options and futures contracts expire.
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This New Year, Resolve to Take a WSJ Challenge

Wall Street Journal - 16 Dec 2022 20:52
Sign up for one of our email challenges to start your year.
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The 32-year-old basketball standout was in Russian custody for nearly 10 months after her arrest at a Moscow airport.
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Mazars has reportedly suspended work for cryptocurrency companies due to media scrutiny and signs that markets are not confident about the work it has done.
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Goldman Sachs to lay off as many as 4,000 employees: report Goldman Sachs joined several other firms in plotting layoffs as economic conditions worsen.
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Binance Says Accounting Firm Pauses Work for Its Crypto Clients

Wall Street Journal - 16 Dec 2022 16:24
The cryptocurrency-trading giant said Mazars, the firm it uses to reassure customers that their money is safe, has paused its work for crypto clients, and said the outflows from its platform had swelled to $6 billion.
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Tesla Inc. stock has been dragged down this year by worries that Chief Executive Elon Musk has treated the electric-vehicle maker like "an ATM."
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Starbucks workers plan 3-day walkout at 100 stores around the US Starbucks workers around the U.S. are planning a three-day strike starting Friday as part of their effort to unionize the coffee chain's stores.
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How Technology is Helping Retailers Through the Labor Shortage

Retail Touch Points - 16 Dec 2022 15:01
How Technology is Helping Retailers Through the Labor Shortage As the world recovers from the pandemic and consumers return to the high street, retailers are eager to capitalize on the increased footfall by providing an exceptional in-store experience. Even though COVID-19 has been ...
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Is Wells Fargo Stock Fairly Priced?

Forbes - 16 Dec 2022 15:00
Is Wells Fargo Stock Fairly Priced? Wells Fargo's stock (NYSE: WFC) has lost roughly 12% YTD as compared to the 16% drop in the S&P500 index over the same period.
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These 20 execs are powering the $1.2 trillion private-credit market As rates continue to rise, private-credit is hotter than ever. Meet the top dealmakers in the $1.2 trillion market.
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American Express Experts Give Tips For Savvy Holiday Shoppers Personal finance and style experts that teamed up with American Express have advice for consumers who are winding down their holiday shopping. Lilliana Vazquez and Humphrey Yang offer their best tips to help shoppers opt...
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Play Name Drop, The New Yorker's Trivia Game: Friday, December 16, 2022 Can you guess the notable person in six clues or fewer?
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Carbon-Credit Investors Start to Pay Up for Quality

Wall Street Journal - 16 Dec 2022 12:30
While buyers snapped up carbon credits this year at the same record pace as 2021, they put higher prices on projects seen as more effective in reducing greenhouse-gas emissions.
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Americans Pessimistic About Prospects for the Economy in 2023, WSJ Poll Finds More than a third of voters say inflation is causing them major financial strain.
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Return Of The State - Will Big Government Come Back As Recession Hits? The size and role of government has trended down over the past few decades across advanced economies, supported by a prevailing policy consensus. In 2023 this will begin to change in dramatic ways.
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