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Location American Business News for 14 January 2023
I went inside Newark's new $3 billion Terminal A that completely transforms the airport — see what it was like The New Jersey airport's latest terminal has 33 gates and a convenient pick-up curbside with designated Uber and Lyft sections.
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World Economic Forum in Davos Confronts a New Order

The New York Times - 14 Jan 2023 12:00
World Economic Forum in Davos Confronts a New Order The Covid-19 pandemic, invasion of Ukraine, trend toward autocracy and economic inequalities challenge the World Economic Forum's relevance.
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Trump called E. Jean Carroll's lawyer a 'political operative' and 'a disgrace' during a contentious deposition, and threatened to sue her A portion of Trump's deposition in E. Jean Carroll's defamation lawsuit was unsealed on Friday after his lawyers lost a bid to keep it private.
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Tesla Cut Prices, but Some Buyers Won't Get EV Tax Credit

Wall Street Journal - 14 Jan 2023 15:25
New IRS income limits for the federal $7,500 electric-vehicle tax credit kicked in Jan. 1.
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Metamask Launches Ethereum Staking Services via Lido and Rocketpool On Friday, the Web3 wallet firm Metamask, a subsidiary of the Ethereum-centric company Consensys, announced the beta launch of ethereum staking features will be made available via Lido’s or Rocketpool’s liquid stakin...
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World Bank Warns Of Global Recession Risk

Forbes - 14 Jan 2023 00:04
World Bank Warns Of Global Recession Risk The World Bank issued a bleak global growth outlook this week, revising last June's projections down from 3% to 1.7%.
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Teamsters President Sean O'Brien is shaking up the usual contract negotiations process by shortening the talks and openly threatening to walk out.
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The Week In Energy: Bullish Signals For Oil, But Not For Natural Gas This was a week during which the Brent and West Texas Intermediate prices for crude oil regained almost all the losses experienced during the first week of January.
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Just How Common Is Corporate Fraud?

The New York Times - 14 Jan 2023 15:00
Just How Common Is Corporate Fraud? A new study estimates that on average 10 percent of public companies commit securities fraud each year.
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Justin Sun Says He's Interested in Putting Up to $1 Billion for a DCG Asset Fire Sale Justin Sun, founder of TRON Foundation, has revealed he is willing to spend up to $1 billion of his own money to buy assets of embattled cryptocurrency lender Genesis' parent firm, Digital Currency Group (DCG). In an int...
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Medicare Begins to Rein In Drug Costs for Older Americans

The New York Times - 14 Jan 2023 13:28
Medicare Begins to Rein In Drug Costs for Older Americans Reforms embedded in the Inflation Reduction Act will bring savings to seniors this year. Already some lawmakers are aiming to repeal the changes.
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Real Madrid 'Psychologically Stronger' Than FC Barcelona, Says Xavi FC Barcelona coach Xavi Hernandez sees Real Madrid as psychologically stronger than his team ahead of their Spanish Super Cup final meeting on Sunday.
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Grants Up to $50,000 Available for Businesses Across the U.S.

Small Business Trends - 14 Jan 2023 13:00
Grants Up to $50,000 Available for Businesses Across the U.S. This week, cities and local organizations announced grant programs with a huge range of purposes and available funds.
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Warren Buffett plowed $5 billion into Bank of America during the debt-ceiling crisis of 2011. Here's a look back at one of the most lucrative deals of his career. The famed investor and Berkshire Hathaway CEO was enjoying a bath when he had the idea to buy a stake in the banking giant.
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The British Challenger 2 tank would be superior to every Russian battle tank that it opposes, an expert told Insider.
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How to Ask for a Raise, Without Alienating Your Boss Along the Way Tips from psychologists, managers and people who have successfully asked what can feel like a very difficult question.
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Drone footage shows Ukrainian forces trapping fighters from Russia's Wagner Group in a lethal crossfire Drone footage shared by Ukraine shows its troops decimating a unit of the Wagner group in the fierce battle for Soledar.
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Chips Are the New Oil and America Is Spending Billions to Safeguard Its Supply Recent shortages and fears of China's ambitions to dominate the industry have led to a frenetic effort to rev up U.S. production. But securing the supply of semiconductors will be complicated.
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Samsung's Asset Management Arm Launches Bitcoin Futures ETF in Hong Kong Samsung’s asset management arm has launched a bitcoin futures exchange-traded fund (ETF). The new actively managed ETF is listed and traded on the Hong Kong stock exchange. It seeks “to provide economic exposure to t...
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No Increased Stroke Risk Linked to Pfizer's Covid Boosters, Federal Officials Say An uptick hinted at in surveillance data was a mirage, the officials said.
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Twitter Offers Free Ads as It Seeks to Woo Brands Back to Its Platform The tech company is dangling free ad space by offering to match advertisers' ad spending up to $250,000.
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Sneakerheads are replacing Yeezys with Crocs

Business Insider - 14 Jan 2023 01:19
Sneakerheads are replacing Yeezys with Crocs Sneakerheads are seemingly turning to Crocs, Puma, and New Balance to fill the void in their closets left by the end of Adidas' partnership with Ye.
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