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Business News

Location American Business News for 3 January 2023
A warning sign has been flashing red: How weak RV sales could mean a 2023 recession. A recession warning sign has been flashing red. RV sales have weakened dramatically in recent months, possibly indicating a downturn.      
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Outstanding microfinance loan portfolio to rise 20.3% in FY23 in India: MFIN During the last fiscal, the total outstanding of the MFI sector was ₹2.7 lakh crore, and the sector had created around 1.32 crore jobs in the country since 2000, Micro-Finance Institution Network (MFIN) CEO Alok Misra ...
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A space news website was locked out of Twitter while covering a SpaceX launch, its editor says As SpaceX launched its first rocket of 2023, one of the most diligent launch-tracking news sites suddenly got locked out of Twitter, its editor said.
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Why Ken Block was such a masterful marketer

Fast Company - 3 Jan 2023 18:20
Why Ken Block was such a masterful marketer Block, who died in a snowmobile accident on Monday, knew how to connect with audiences in an authentic way. On Monday, DC Shoes cofounder, Hoonigan founder, and rally-car driver Ken Block died in a snowmobile accident at...
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When CEOs Take A Pay Cut, What Difference Does It Make? AMC's Adam Aron, said he didn't want a raise, while shareholders are hurting. Such CEO sacrifices sometimes help, but can also backfire.
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Shopify Chases Big Retailers With a More Flexible Way to Use Its Ecommerce Tools Shopify is debuting a new way for major retailers to pick and choose from its ecommerce tools as the platform looks to widen its client base beyond small businesses. With the Canadian b-to-b ecommerce software giant's ne...
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Inflation won't stop 2023 auto sales growth amid chip recovery With factories picking up pace again, consumers will buy more vehicles this year even if automakers have to help them manage rising interest rates by cutting today's lofty prices.
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Meta to decide whether to lift Donald Trump Facebook ban 'in the coming weeks' Trump was banned from Facebook following the Jan. 6, 2021 rioting at the US Capitol.
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Shopify Announces New Way For Big Retailers To Use Its Platform Shopify is now giving large retailers the option to pick and choose Shopify components for their ecommerce needs.
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The University of California is putting $4 billion into a Blackstone real-estate vehicle aimed at individual investors, providing crucial ballast for a fund that has been beset by a wave of redemptions.
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How Sam Bankman-Fried Negotiated His Bail

The New York Times - 3 Jan 2023 15:04
How Sam Bankman-Fried Negotiated His Bail Intense legal wrangling led to the disgraced crypto mogul paying virtually nothing to live with his parents ahead of his upcoming trial. He returns to court on Tuesday.
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Crossing The Emissions Gap Between Inflation Reduction Act And 2030 NDC Is Worth 4 Million Jobs The U.S. is off track for its climate goals, despite more than $500 billion in climate and clean energy funding. Crossing the emissions gap between IRA and 2030 NDC is worth 4 million jobs - and a safe climate.
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Grayscale Ethereum Trust Discount Reaches Record 60%, GBTC at 45% The Grayscale Ethereum Trust (ETHE) is currently trading at a steep discount to its assets under management (AUM) amid dwindling institutional interest in the fund. As of now, the fund's discount to net asset value (NAV)...
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A stock market crash and a Great-Depression-style economy are among the boldest forecasts for 2023. Insider's Phil Rosen breaks down some of the most bullish and bearish expectations from experts as the new year kicks off.
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Tax attorney breaks down the MicroStrategy Bitcoin sale MicroStrategy's recent sale of a portion of its Bitcoin treasury holdings puts cryptocurrency tax-loss harvesting into the spotlight.
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Is Charles Schwab Stock Fairly Priced?

Forbes - 3 Jan 2023 13:00
Is Charles Schwab Stock Fairly Priced? Charles Schwab stock (NYSE: SCHW) has lost 2% YTD as compared to the 19% drop in the S&P500 index over the same period.
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Crypto technology will shift towards 'steadier hands' in 2023: Circle CSO Turmoil in the crypto sector in 2022 will see the tech change hands to "more regulated and established institutions," said Circle's chief strategy officer.
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U.S. stock-market futures rose Monday, suggesting gains ahead of the first trading day of 2023.
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NYT's Penn Station area report conveniently omits own condemnation history As I wrote in 2010, such omissions by the Times smack not of amnesia, but "of a willful strategy to keep its readers in the dark."
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Explorer, The Concentrated Coffee Brand Offering Four Caffeine Levels, Raises $2.5 Million To Elevate At-Home Coffee Drinking Experience Brooklyn-based coffee concentrate startup Explorer, founded by mountaineer and former Bain & Company consultant Cason Crane, plans to further strengthen its distribution partnership with Delta Air Lines and make its fora...
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Cameron Winklevoss, co-founder of crypto exchange Gemini Trust Co., lashed out at Digital Currency Group CEO Barry Silbert on Monday, accusing him of "bad faith stall tactics" over nearly a billion dollars' worth of cust...
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The dark satire follows a couple who travel to an exclusive restaurant only to discover a dangerous surprise. You can stream "The Menu" on HBO Max.
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