Business News
The Dire Aftermath of China's Untenable "Zero COVID" Policy
The New Yorker - 8 Jan 2023 13:00
Why did the nation, which suppressed the virus for years, fail to prepare for the inevitable?
Elon Musk asks judge to move shareholder's lawsuit from San Francisco to Texas for fair trial
New York Post - 8 Jan 2023 03:13
The billionaire entrepreneur claims that he is unlikely to have a fair trial in the Bay Area thanks to recent media coverage about him.
Twitter employees battling misinformation among latest layoffs
New York Post - 8 Jan 2023 00:57
Twitter cut at least a dozen employees, including those handling global content moderation as well as hate speech and harassment.
Who does social security provide benefits to? It's not just the elderly who qualify.
USA Today - 8 Jan 2023 17:36
Nearly 4 million people under 18 receive a monthly Social Security check. Here's how they qualify and how much they can receive.
Hundreds of Tesla owners in China protested after missing out on big price cuts, report says
Business Insider - 8 Jan 2023 14:164 Ways Business Leaders Can Support Their Employees' Goals
Forbes - 8 Jan 2023 14:00
Business leaders want to see their employees succeed, but they could be unintentionally standing in the way of employees reaching their goals. Here are four ways leaders can support and encourage their teams.
China, a Pioneer in Regulating Algorithms, Turns Focus to Deepfakes
Wall Street Journal - 8 Jan 2023 14:00Roman Abramovich transferred superyachts and private jets worth $4 billion to his children just before the Ukraine invasion, report says
Business Insider - 8 Jan 2023 13:32
The oligarch's assets, including the $700 million Eclipse superyacht, were transferred shortly before Putin invaded Ukraine, The Guardian reported.
Meet the guy whose algorithm could solve the crisis of America's empty office space
Business Insider - 8 Jan 2023 13:15Southwest is giving workers bonus points worth about $400 to say sorry for the 'physical and emotional toll' of the holiday meltdown
Business Insider - 8 Jan 2023 12:45
The airline's 66,000 workers will receive 25,000 SWAG points that can be exchanged for flights or gift cards, but a union leader dismissed the offer.
Wall Street Sets Low Bar for Corporate Earnings Season
Wall Street Journal - 8 Jan 2023 12:30
Analysts expect companies in the S&P 500 to report their first year-over-year decline in quarterly earnings since the height of the Covid-19 pandemic in 2020.
Former Wells Fargo VP faces charges of sexual harassment, obscenity, and 'insulting the modesty' of a 72-year-old woman after officials say he drunkenly peed on her during a flight
Business Insider - 8 Jan 2023 04:44
Shankar Mishra, a former vice president at Wells Fargo in India, was arrested Saturday after a search by police and remains in judicial custody.
Former Fed Chair Alan Greenspan: Crypto Is Too Dependent on 'Greater Fool Theory' to Be a Desirable Investment
Bitcoin.com - 8 Jan 2023 03:30
Former Federal Reserve Chairman Alan Greenspan says crypto is “too dependent on the ‘greater fool theory’ to be a desirable investment.” However, he noted that the collapse of crypto exchange FTX was “purely fr...
Jim Cramer Expects SEC to 'Do a Roundup' of Uncompliant Crypto Firms -- Urges Investors to Get Out of Crypto Now
Bitcoin.com - 8 Jan 2023 01:30
The host of Mad Money, Jim Cramer, says he expects the U.S. Securities and Exchange Commission (SEC) to do a roundup of crypto firms that are not compliant with regulation. Expecting the SEC “to sweep everything,” Cr...
More Twitter Drama: Musk Cuts More Staff In Charge Of Misinformation As Laid Off Employees Criticize Severance Packages
Forbes - 8 Jan 2023 00:10
Former Twitter employees laid off after Elon Musk took over the company received emails on Saturday, informing them to agree to severance pay, following a class-action lawsuit against Twitter's massive round of job cuts.
New Year Brings Strong NFT Sales, Up 26% in First Week of 2023 With Top 5 Blockchains Seeing Double-Digit Increases
Bitcoin.com - 8 Jan 2023 23:30
The first week of 2023 saw an upswing in non-fungible token (NFT) sales as seven-day volume increased 26.01% compared to the previous week, totaling approximately $208.99 million in NFT sales. Additionally, the top five ...
'Pubs superwoman' Jones in talks to join Whitbread board
Sky News - 8 Jan 2023 23:30
A leisure entrepreneur whose dealmaking prowess earned her the nickname 'the pub superwoman' is in talks to join the board of Whitbread, the FTSE-100 hospitality group.
Was Friday's Rally Anything Different?
Forbes - 8 Jan 2023 23:13
The stock market's surprise reaction to the monthly job report likely caught some of the long-term bears by surprise. Many likely concluded that it was not significant in terms of the trend and the Viper Report's Tom Asp...
REBNY gala to return to seated affair in 2023
New York Post - 8 Jan 2023 22:57
Industry bigs who had foot cramps after the Real Estate Board of New York's annual gala last year can relax: they'll have a place to sit next time.
Bolsonaro Supporters Storm Brazil's Capital And Clash With Police After Election Loss
Forbes - 8 Jan 2023 22:51
Former President Jair Bolsonaro fled Brazil ahead of Lula da Silva's inauguration, after repeatedly claiming--without evidence--the country's voting systems were rife with fraud.
The Fed: 'Markets are going to get rocked' as Fed is likely to push rates higher, economist warns
Market Watch - 8 Jan 2023 22:43
Markets are going to get rocked as the Federal Reserve pushes interest rates higher, said top Fed watcher Ricardo Reis.