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Business News

Location American Business News for 20 January 2023

Vox Media to Cut 7 Percent of Workers

The New York Times - 20 Jan 2023 18:55
Vox Media to Cut 7 Percent of Workers The company, which publishes New York Magazine, The Verge and numerous other brands, joins a parade of tech and media companies cutting back its staff amid economic uncertainty.
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Supreme Court Has Chance To End Home-Equity Theft Like other assets, home equity should be protected from unjust government seizure. This is not the case in some states, but that may change soon.
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They say the ban violates their religious freedom by subjecting them to "the religious dictates of others."
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China's Global Mega-Projects Are Falling Apart

Wall Street Journal - 20 Jan 2023 16:45
China's Global Mega-Projects Are Falling Apart Many of China's Belt and Road infrastructure projects are plagued with construction flaws, including a giant hydropower plant in Ecuador, adding more costs to a program criticized for leading countries deeper into debt; ...
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Capital One Stock To Post Mixed Results In Q4? We expect Capital One to beat the consensus estimates of earnings but revenues will marginally miss (in line) the expectations.
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T-Mobile Says Hackers Stole Data on About 37 Million Customers

Wall Street Journal - 20 Jan 2023 03:46
T-Mobile Says Hackers Stole Data on About 37 Million Customers The carrier says addresses, birth dates and other personal records were exposed, but not financial records.
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T-Mobile Data Breach: Hackers Stole 37 Million Customers' Info, Company Says The breach comes after 54 million customers had their information compromised in a 2021 attack.
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Goldman Sachs slashes bonuses for junior bankers by as much as 90%: insiders Many junior bankers -- who last year raked in bonuses well into the six figures -- learned Wednesday they would receive just $10,000 or $15,000 despite putting in countless 100-hour weeks, insiders said.
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The US is scrambling to find what experts say may be the 'most important' hardware Ukraine needs to hold off Russia in 2023 The US has estimated that Ukraine was firing thousands of artillery shells a day, and now it's searching around the world for more ammo.
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Sam Bankman-Fried's two anonymous sponsors put up $700K to get him out of jail Bankman-Fried has been under house arrest in his parents' $4 million Palo Alto, Calif. home since last month.
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Albertsons Shareholders Set to Receive $4 Billion Dividend

Wall Street Journal - 20 Jan 2023 19:29
Albertsons Shareholders Set to Receive $4 Billion Dividend The supermarket operator had been fighting opposition for months from attorneys general who tried to block the payout, as the company works to seal a merger with rival Kroger.
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Judge fines Trump and his lawyer almost $1 million over 'frivolous' lawsuit targeting Hillary Clinton and others A federal judge slapped Donald Trump and his attorney, Alina Habba, with the heavy fine for filing a bogus lawsuit against Hillary Clinton and others.
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'Angry Birds' Owner Gets Takeover Bid From Playtika

Wall Street Journal - 20 Jan 2023 14:12
'Angry Birds' Owner Gets Takeover Bid From Playtika Rovio Entertainment said it has received a takeover proposal from Israel's Playtika Holding for $813.5 million.
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Crypto Firm Nexo Pays Out $45 Million in Settlement with SEC, Shutters Lending Product Crypto lending company Nexo has agreed to pay a total of $45 million to US regulators to settle claims that it failed to register the sale of its Earn Interest Product (EIP). According to two separate statements by the U...
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NFT Coins Spring To Life As This High Risk Crypto Sector Faces Five Key Hurdles In 2023 Not only that, NFTs don't have same characteristics of bitcoin, or major blockchain players like Ethereum.
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The Dow industrials and S&P 500 will be fighting off what could be the fourth-straight losing session on Friday.
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Enjin Coin Price is Still Pumping, 7% Higher at $0.416 - Can ENJ Reclaim $1 By Next Week? Enjin Coin Price is ushering in the weekend in style, following a colossal 39% bullish move in seven days. The NFT and gaming platform has in two weeks netted 68.9% in cumulative gains, with its value growing 59.7% in a ...
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Just like the rest of us, the global elite react to yesterday's news
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OKX Publishes 3rd Proof of Reserves Report, Shows it Holds None of its Native Token as Collateral Crypto-exchange OKX has released its third monthly proof-of-reserves (PoR) report, confirming that all its reserves are held in bitcoin, ethereum and USDT. This also means that none are held in its native token OKB, with...
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Google parent firm Alphabet to cut 12,000 jobs worldwide It is latest US tech company to announce sweeping job losses as global outlook weakens Google's parent company is to cut 12,000 jobs worldwide as it becomes the latest US tech major to cut staff. Alphabet's chief executi...
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Sam Bankman-Fried has serious beef with FTX's new boss, John Ray III Insider's Phil Rosen breaks down the latest barbs between Sam Bankman-Fried and FTX's new leadership.
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Play Name Drop, The New Yorker's Trivia Game: Friday, January 20, 2023 Can you guess the notable person in six clues or fewer?
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