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Business News

Location American Business News for 7 January 2023
As we move toward a more modern, automated future, organizations must get a grasp of data silos to experience AI's full potential.
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The crowd of pro-Trump supporters outside Mar-a-Lago fell from 300 last year to just 40 this year on the January 6 riot anniversary Trump supporters said they saw the ex-president drive by in his motorcade, headed toward Mar-a-Lago.
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The Race to Build the 'Yellowstone' Universe

Wall Street Journal - 7 Jan 2023 07:00
The Race to Build the 'Yellowstone' Universe Amid tight deadlines and freezing temperatures, Paramount churns out prequels to generate programming for its streaming service and capitalize on a hit.
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Elon Musk says Twitter's decision to hire a law firm that he'd previously criticized and boycotted was the result of an employee 'error' Elon Musk previously criticized the law firm, Perkins Coie, on Twitter, saying it "thrives on corruption" and that companies should boycott it.
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Whole Foods must pay $300,000 over accusations that a system meant to track productivity captured warehouse workers' voices without their consent Whole Foods' warehouse workers in Illinois could receive payments after the Amazon-owned chain recorded their voices for a work productivity system.
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3 ways tech leaders can take the right risks

Venture Beat - 7 Jan 2023 21:10
Everyone has feared failure and avoided taking chances, but tech leaders can have real impact when they know which risks to take.
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Getting Rid of Remote Work Will Take More Than a Downturn

The New York Times - 7 Jan 2023 15:00
Getting Rid of Remote Work Will Take More Than a Downturn As the economy slows, a handful of prominent C.E.O.s have tried to put an end to remote work. But some economists say that even in a cooler labor market, working from home is likely to remain common.
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Air India CEO apologizes for mid-air urination incident and says it's reviewing the in-flight alcohol policy Campbell Wilson said the airline could have "better" handled a passenger who urinated on a fellow traveler and was "committed to taking action."
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Wells Fargo Executive Fired After Air India Urination Allegation The executive, for the Indian subsidiary of Wells Fargo, was fired after the investigation became public. Air India faces scrutiny for how it handled the matter.
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Crypto Whale Invests $18k in Move-to-Earn Coin Fight Out - Here's What's Attracting the Big Money The Move-to-Earn (M2E) movement has proved that it is not just a hype but a worthy course aiming to change how people live. Ecosystems like STEPN, Sweat Coin and Step App are gradually becoming competitive by incorporati...
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Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021 now depends on the price of electricity...
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Companies like Amazon and Salesforce use layoffs to cut their lowest performers — and recruiters know it In the past, hiring managers might have looked at a candidate who'd been laid off in a negative light. But the pandemic created compassion.
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Apocalypse Coming for Crypto but Bulls Coming Within 3 Years and 20 Crypto Jokes The first cryptoweek of 2023 is behind us. Let's see how the year began....
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As Asian Societies Age, 'Retirement' Just Means More Work

The New York Times - 7 Jan 2023 12:00
As Asian Societies Age, 'Retirement' Just Means More Work Across East Asia, populations are graying faster than anywhere else in the world, and while younger generations shrink, older workers are often toiling well into their 70s and beyond.
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Speaker Drama Raises New Fears on Debt Limit

The New York Times - 7 Jan 2023 12:00
Speaker Drama Raises New Fears on Debt Limit An emboldened conservative flank and concessions made to win votes could lead to a protracted standoff on critical fiscal issues, risking economic pain.
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Fintechs Accounted for Over 30% of Tracked Kenyan Tech Startups in 2022 -- Study As of November 2022, Kenyan fintechs accounted for 30.2% or 93 out of the 308 tracked tech startups, a Disrupt Africa study recently found. In addition, the study findings show that the fintech sub-sector alone accounted...
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How Gen Z social media managers became the new CMOs

Fast Company - 7 Jan 2023 07:00
How Gen Z social media managers became the new CMOs Suddenly, 24-year-olds are finding themselves in charge of brand development for major corporations. What could go wrong? Maybe nothing. There was an owl in the room. Read Full Story
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IRS Official: Crypto Is Here to Stay and 'Becoming More Legitimate' A top Internal Revenue Service (IRS) official says, “Cryptocurrency is here to stay,” and “it’s becoming more legitimate.” The official added that the U.S. tax authority is looking to partner with crypto compan...
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Four investment strategies that may work in 2023 amid uncertainties Within equities, we are overweight on large-cap equities given relatively better macro fundamentals and a greater margin of safety in terms of earnings and valuation, said Vinay Joseph of Standard Chartered Wealth -- Ind...
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AJ Foyt Racing Revamps Its IndyCar Engineering Department AJ Foyt Racing has hired Michael Cannon and others as the NTT IndyCar Series team remakes its engineering and technical staff.
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AbbVie Inc. lowered its outlook for the quarter and year late Friday for research and development expenses and milestone payments to partners.
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Mastercard's CMCO on What to Expect at CES and Why He's Still Bullish on Web3 As one of the biggest financial payment processors in the world, Mastercard has the potential to play a major role in the future of the constellation of cryptocurrency-adjacent technologies known as web3. That's why Raja...
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