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Business News

Location American Business News for 31 December 2022
The Biggest Weakness In The Indiana Pacers Surprising Start? Rebounding The Indiana Pacers are off to an excellent start to the 2022-23 season, but they still need to rebound better going forward.
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Russian Attacks On Ukraine Power Grid May Be Global As Russia assaults Ukraine's power grid, the prospect of Russian links to attacks on U.S. electrical infrastructure cannot be ignored.
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National security, repatriated jobs and water shortages offer invesment opportunities, writes Paul Brandus.
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Financial Giant Fidelity Files Trademarks for Crypto, NFT, and Metaverse Products Fidelity Investments, a major financial services firm with $10 trillion in assets under administration, has filed several trademark applications for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse...
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Tesla, Apple, Southwest Airlines: Stocks That Defined The Week

Wall Street Journal - 31 Dec 2022 02:51
Here are seven major companies whose stocks moved on the week's news.
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Gymshark founder who launched £1.25bn empire in parents' garage awarded MBE Ben Francis, 30, among slew of businesspeople recognised for services to commerce and economy in new year honours list The 30-year-old founder of the exercise clothing brand Gymshark has been awarded an MBE in the new ye...
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Global Trade Is Shifting, Not Reversing

Wall Street Journal - 31 Dec 2022 17:00
Mexico is one country best-placed to take advantage of the U.S.-China trade war, but it needs to invest and keep good relations with its neighbors to the north.
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The Democratic-controlled U.S. House Ways and Means committee released six years of Trump's tax returns on Friday, after several years of legal wrangling with Republicans opposed to the publication, in an effort to provi...
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Sam Bankman-Fried Returns to Twitter, Denies Moving Funds in Wallets Associated with Alameda Research Former FTX CEO Sam Bankman-Fried has returned to Twitter, denying allegations that he moved funds out of wallets associated with now-bankrupt trading firm Alameda Research. In a response to a story that said wallets asso...
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Some Starbucks customers are furious about changes to its rewards program that makes most free drinks harder to redeem Many items, like free coffee, lattes, and sandwiches, will soon require more stars, and some customers say they're going to stop frequenting the store.
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Recession? What Recession? Pass Me Some Grapes.

The New York Times - 31 Dec 2022 12:00
Recession? What Recession? Pass Me Some Grapes. The recently opened Bacchanalia serves a feast inspired by ancient Rome in an unabashedly luxurious setting that Nero would have loved.
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Central Bank of Turkey Reports First Payment Transactions on Digital Lira Network The Central Bank of the Republic of Turkey (CBRT) has conducted the first payment transactions on the test network of the digital lira. The monetary authority intends to proceed with more testing in 2023 and plans to inv...
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A family who was headed to Tokyo to visit Disney and celebrate their son's 21st birthday is 'devastated' and out $7,000 after Southwest cancelled their flight Jade Rodriguez said they missed their Japan flight after a Southwest cancellation: "Had we just been notified sooner, we would've driven and made it."
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Judge puts hold on California law that could have raised fast-food worker wages The order comes in response to a lawsuit filed Thursday by a coalition of major restaurant businesses and industry trade groups that is backing an effort to overturn the law.
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Tesla allegedly ran afoul of the law when management told Florida employees not to complain to managers about work or discuss things like pay or hiring.
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Mike Evans reiterated in a video interview that he thinks the gig-economy model of only using contractors instead of employees is flawed.
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Court Pauses Implementation of California Fast-Food Wage Law

Wall Street Journal - 31 Dec 2022 00:30
Court Pauses Implementation of California Fast-Food Wage Law State officials had sought to begin implementation of the law Jan. 1 despite opponents' effort to challenge it on the 2024 ballot.
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New Year's Day falls on a Sunday. Here's what that means for U.S. stock-market trading hours.
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S&P 500 closes out dismal year with worst loss since 2008

Chicago Tribune - 31 Dec 2022 00:02
S&P 500 closes out dismal year with worst loss since 2008 Stocks are closing out 2022 with more losses, giving the S&P 500 its worst year since 2008.
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I played a lot of great games in 2022, something I can say about a lot of years. But looking at my top 10, I'm struck by the variety.
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Short The British Pound In January

Forbes - 31 Dec 2022 23:48
Short The British Pound In January There are two reasons to sell Sterling short.
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True Crime Podcast 'The Evaporated' About Missing People In Japan Shakes Up The True-Crime Genre The Evaporated: Gone With the Gods takes the standard true crime formula and gives it a bit of a Japanese flavored twist with a deep dive into Japanese culture and people who are in so much trouble that they want to diss...
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