Business News
The Crossword: Wednesday, December 21, 2022
The New Yorker - 21 Dec 2022 13:00
Type of colorful marble with a feline name: seven letters.
Can a community run pub keep the lights on this Christmas? - video
The Guardian - 21 Dec 2022 12:48
The Bevy is a community-owned pub on a housing estate in Brighton, south of England. But it's more than that: it's a warm bank, it's a drop-in centre and a rare space for the community to meet, and people can even buy sh...
Tesla stock has plunged nearly 70% from its peak. 'Big Short' investor Michael Burry called the crash.
Business Insider - 21 Dec 2022 14:05The Ratings Game: FedEx has 'stemmed the bleeding,' but challenges remain, say analysts
Market Watch - 21 Dec 2022 17:09
FedEx's cost-cutting plans have been welcomed by analysts, but they warn that the parcel-delivery service still has plenty of challenges ahead.
IRS failed to conduct timely mandatory audits of Trump's taxes while president
The Guardian - 21 Dec 2022 15:42
Internal Revenue Service only began audit after prompting from Congress in 2019, House ways and means committee indicates The US Internal Revenue Service (IRS) failed to pursue mandatory audits of Donald Trump on a timel...
Spain Will Provide 8 Million Euros in Grants to Develop Video Game and Metaverse Experiences
Bitcoin.com - 21 Dec 2022 14:30
The Ministry of Culture and Sports of Spain has decided to direct 8 million euros ($8.5 million) toward the development of video games and narrative metaverse experiences. The program, part of the Spanish “Recovery, Tr...
Musk claims he will resign as Twitter CEO when he finds replacement as Tesla value plunges
USA Today - 21 Dec 2022 05:18
As Tesla market value plunges, Elon Musk said Tuesday he will step down as CEO of Twitter "as soon as I find someone foolish enough to take the job!"
Nike Raises Outlook After Making Progress With Inventory Woes
Wall Street Journal - 21 Dec 2022 02:52US home sales fell nearly 8% last month, posting their longest streak of declines in 23 years
Business Insider - 21 Dec 2022 19:01
Existing home sales have fallen for 10 consecutive months, marking their longest losing streak since 1999.
ChatGPT Wrote My AP English Essay. I Passed.
Wall Street Journal - 21 Dec 2022 16:00Takeover of failed energy firm Bulb is completed
BBC - 21 Dec 2022 15:20
Octopus Energy completes acquisition of collapsed supplier Bulb, but legal challenges remain.
Tesla Bears Are Sitting on $15 Billion in Gains This Year
Wall Street Journal - 21 Dec 2022 15:01
The reversal of Tesla's fortunes has been music to the ears of the stock's many detractors who watched in astonishment when it kicked off a monster run in early 2020, with little regard for fundamentals.
Pointedly Asking Generative AI ChatGPT About Whether Santa Claus Is Real Proves To Be Eye-Opening, Including For AI Ethics And AI Law
Forbes - 21 Dec 2022 15:00
I went ahead and asked the popular generative AI app ChatGPT about whether Santa Claus is real or not. Doing so provides a bonanza of AI Ethics and AI Law considerations. Enjoy this during especially during the upcoming ...
French regulator AMF blacklists only two crypto websites in the whole year
Coin Telegraph - 21 Dec 2022 14:20
The AMF and ACPR have blacklisted only two crypto-related websites amid the bear market of 2022 versus 24 such websites last year.
Binance Offers Little Transparency After FTX Fall
Wall Street Journal - 21 Dec 2022 14:10
The exchange's outsize role and complex setup had already drawn scrutiny from the Justice Department and the SEC.
Mortgage refinance demand surged 6%, as rates dropped to the lowest level since September
CNBC - 21 Dec 2022 14:00
Mortgage applications to refinance a home loan jumped 6% last week from the previous week.
Wells Fargo faces another setback with $1.7 billion penalty
Business Insider - 21 Dec 2022 14:00UK Ambulance Workers Stage Their Largest Strike in Decades
The New York Times - 21 Dec 2022 13:57
The industrial action, seeking higher pay and better working conditions, was driven by a cost-of-living crisis and coincides with strikes by rail workers, nurses and others.
High Commodity Prices Feed a Boom in the U.S. Farm Belt
Wall Street Journal - 21 Dec 2022 12:30The IRS failed to audit Trump during his first two years in office, despite internal policy that mandates a review of presidential finances
Business Insider - 21 Dec 2022 06:27Tesla owners didn't buy a car: We bought a set of beliefs Elon is trashing
Fast Company - 21 Dec 2022 06:00
I bought a red Model Y in 2020 but more than that I bought into a brand that aimed to do some good in the world. Now I’m embarrassed to get behind the wheel To think a Tesla is just a car is to not understand the power...
Economist Peter Schiff Warns Bitcoin May Not Rise When Other Financial Assets Rebound
Bitcoin.com - 21 Dec 2022 05:30
Gold bug and economist Peter Schiff has warned that the price of bitcoin may not rise when other financial assets rebound, even though the crypto fell alongside them. “The bitcoin bubble popped and collectors will be s...