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Business News

Location American Business News for 1 February 2023
Adani, Embattled Indian Company, Scraps $2.5 Billion Share Sale The cancellation of the offering is a blow to the company and its billionaire owner, Gautam Adani.
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Biden and McCarthy Are Set to Discuss Debt Limit as Both Sides Trade Barbs The hours leading up to the meeting have highlighted the differences between the White House and the Republicans who now control the House.
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Four-time NBA champion Steph Curry joins his rich neighbors in opposing much-needed new housing near their Bay Area backyards Steph Curry, Marc Andreessen, and others are trying to stop new apartments and townhouses from being built in the most expensive ZIP codes in America.
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82% of Millionaires Ask About Putting Crypto in Their Portfolios, Survey Shows Asset management firm Devere Group says that 82% of millionaires surveyed have asked their financial advisors about adding cryptocurrencies, such as bitcoin, to their portfolios despite the crypto winter. “Wealthy inve...
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Air Force Says Proposed Chinese-Owned Mill in North Dakota Is 'Significant Threat' A proposal for a corn mill, which had been welcomed as an economic development success, reflects just how much things have changed with Chinese investment proposals in the U.S.
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Disney's $13 Million Drone Extravaganza

Forbes - 1 Feb 2023 00:49
Disney's $13 Million Drone Extravaganza Disney has spent an estimated $13 million on a new drone show at its theme park complex in Paris.
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Small Businesses Lost 75,000 Jobs in January

Small Business Trends - 1 Feb 2023 21:30
Small Businesses Lost 75,000 Jobs in January Small businesses lost 75,000 jobs during January. That's according to ADPs National Employment report January, 2023.
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House GOP accidentally gives Democrats supermajority on new 'weaponization' subcommittee An apparent typo in a resolution organizing the committee gives Democrats 9 members on a 12-member committee. The actual plan is to have 21 members.
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Megyn Kelly rips TJ Holmes, Amy Robach over 'GMA3' affair: 'It's sad' Kelly slammed the pair after photos emerged of Robach jumping into Holmes' arms in a PDA-filled embraced.
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Ethereum Price Prediction as $7 Billion Trading Volume Rushes In - Are Whales Buying ETH? The world's second-largest cryptocurrency, Ethereum barely holds above water amid a delicate situation in the market. Investors are patiently waiting for every word of the speech by the Federal Reserve chair, Jerome Powe...
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Mortgage applications fell 9% in the latest week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 6.19%
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Fed meeting today: Live updates as Federal Reserve expected to raise rates by quarter of a point The FOMC meeting is today. Follow along for live updates leading up to the interest rate decision and Fed Chairman Jerome Powell's news conference.      
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New US Marine units are taking position on 'key terrain' around Taiwan as tensions rise with China In the years ahead, US Marine Corps units designed for fighting around islands will spend more time training with Japanese and Philippine forces.
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According to an examiner's report, Celsius' logged its finances in 15 QuickBooks files and failed to produce consolidated statements to the court.
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How wok cooking -- the method behind dishes from kung pao chicken to pad see ew -- and Asian communities in the U.S. fit into the debate over gas stoves.
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Intercontinental Exchange Stock To Edge Past The Expectations In Q4 The exchange surpassed the street expectations in the last quarter, with net revenues (total revenues minus transaction-based expenses) increasing by 1% y-o-y to $1.81 billion.
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Whispers of A.I.'s Modular Future

The New Yorker - 1 Feb 2023 13:00
ChatGPT is in the spotlight, but it's Whisper--OpenAI's open-source speech-transcription program--that shows us where machine learning is going.
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Elon Musk's 'funding secured' tweet cost investors $12 billion over 10 days, jury reportedly told Michael Hartzmark of Forensic Economics says investors with both short and long positions were burned by Musk's tweet and its aftermath.
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Fewer companies than usual are beating Wall Street's fourth-quarter earnings expectations.
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The Fed Is Poised To Hike Interest Rates Again. Is It Enough To Keep Away A Recession? The Fed now faces a delicate line between inflation and recession - and assessing the impact of its massive interest rate staircase from 2022.
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Prices at U.K. stores for Jan. 1-7 were 8.0% higher than the same period a year earlier.
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'I've suffered with my own financial and family problems for a long, long time.'
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