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Business News

Location American Business News for 19 January 2023
Should Chicago use cameras to catch drivers parking in bike lanes? Proposal floated to test idea in high-crash area Tickets would be mailed to scofflaws after one warning under the proposed pilot program.
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OSHA proposes fines for conditions at warehouses in three states and continues investigations at three other Amazon facilities.
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1inch Network Launches Hardware Wallet for Storing Users' Private Keys in a Secure Offline Setting The decentralized exchange aggregation service 1inch Network has announced the launch of a cold storage hardware wallet. The team notes that the project is in its final stages of development. The hardware wallet, expecte...
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Blackstone is predicting steady growth for its real-estate business, which could be bad news for its tenants Blackstone's plans for its real-estate business hint at potentially rising rents and evictions for tenants.
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Japan Urges Regulators Worldwide to Subject Crypto Exchanges to Bank-Level Oversight Japan has reportedly urged other countries, including the U.S., to regulate crypto exchanges like they do banks. A top official at the Financial Services Agency explained that the recent FTX implosion wasn’t brought on...
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A Russian ship that's been off the coast of Hawaii for weeks is believed to be gathering intelligence, the US Coast Guard says The Coast Guard said "foreign-flagged military vessels have often been observed operating and loitering" and shared video of the Russian ship.
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Twitter's online auction for office supplies started Tuesday morning, and the Twitter logo statue has been the most expensive item sold so far.
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'It's true that between our dollars, voice, and convening power, we have access and influence that many others do not,' the Gates Foundation CEO said.
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Nearly $1 Billion Poured Into Egypt's Forex Market -- Local Currency Now World's Worst Performing Currency in 2023 The Egyptian central bank recently claimed that its decision to devalue the local currency has been vindicated by foreign investors’ return to the country’s foreign market where they reportedly poured in $925 million...
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Reed Hastings is stepping down as co-CEO of Netflix

Business Insider - 19 Jan 2023 23:36
The media giant's current COO, Greg Peters, will step into the role of co-CEO, joining Ted Sarandos as the head of Netflix.
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The U.S. hit the debt limit on Thursday. If Congress fails to raise it, Social Security, your investments could take a big hit.      
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House GOP's 'all-star' oversight panel features 13 election deniers, 10 impeach-Biden-world advocates, and 3 congressional subpoena dodgers House Republicans have tasked their most anti-Biden members with leading congressional investigations this term. Lots of them have serious baggage.
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New FTX CEO Discusses Possibility of Rebooting Defunct Crypto Exchange in First Interview Since Taking Over Following recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchan...
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What does the future hold for natural gas?

livemint.com - 19 Jan 2023 18:39
What does the future hold for natural gas? Its reputation as being reliable and abundant has taken a hit from Europe's energy crisis, and concerns about its environmental impact are growing
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Saudi Arabia Open to Trading in Currencies Other Than US Dollar, Signaling a Shift Toward De-Dollarization After a 48-year relationship solely with the U.S. dollar, Saudi Arabia’s Finance Minister, Mohammed Al-Jadaan, said the kingdom is open to trading in currencies other than the U.S. dollar. The statements follow China�...
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Gen Zers know they're stereotyped as 'snowflakes' but say they're resilient, having lived through the pandemic and 2008 financial crisis, report says Gen Z considers itself resilient and practical after having lived through a financial crisis, pandemic, and other crises, per the report.
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1inch launches proprietary hardware wallet as self-custody trend grows 1inch Networks' upcoming hardware wallet has no direct connection to the internet and doesn't require any wired connection.
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Petrol forecourt tycoons to fill tank with £1bn sale of American sites The owners of Asda are plotting a £1bn sale of part of their American petrol forecourts empire as part of efforts to reduce its multibillion pound debt-pile.
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Procter & Gamble Sales Fall as Inflation Squeezes Shoppers

The New York Times - 19 Jan 2023 15:31
Procter & Gamble Sales Fall as Inflation Squeezes Shoppers The consumer goods giant raised prices 10 percent last quarter, but a decline in sales volume led to drops in revenue and profit.
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How to speed up the transition to green energy, according to leaders at Davos Leaders at Davos say we need to pull the "lever" of government policy and give more incentives to switch to green energy.
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Iraq Economy Reels as U.S. Moves Against Money Flows to Iran

Wall Street Journal - 19 Jan 2023 15:10
Iraq Economy Reels as U.S. Moves Against Money Flows to Iran Iraqis are blaming a little-noticed policy change by the U.S. Treasury and the Federal Reserve Bank of New York for a weakening currency that has caused the price of food and imported goods to rise.
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The Crown Estate, Davos and Steven Bartlett

Sky News - 19 Jan 2023 14:49
The Crown Estate, Davos and Steven Bartlett The Chief Executive of the Crown Estate speaks to Ian King about the change in direction of the royal purse. He discusses trends in exports with William Bain from the British Chambers of Commerce. We hear more from the W...
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