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Business News

Location American Business News for 3 February 2023
The Market Tanked, but Americans Kept Piling Money Into Their 401(k)s Most investors kept up their savings rate in 2022 and resisted trading their retirement funds, Vanguard data show.
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Amazon CEO Andy Jassy just joined the company's earnings call for the first time ever and shared 4 of his top priorities: 'Each era is different' There's been recent chatter internally about founder Jeff Bezos potentially returning as CEO, after Amazon's stock plunged in 2022.
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Amazon is bragging about the popularity of Netflix's 'Wednesday' and its star Jenna Ortega — even though the streamers are rivals Amazon touted the success of "Wednesday" — and even called out actress Jenna Ortega — in its latest earnings report.
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EzriCare artificial tears linked to multiple infections and one death, CDC says The CDC warned against using a brand of eyedrops after at least 50 patients have been impacted and cases have been reported in a dozen states.      
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'Green' Funds Cost Three Times More Than You Think

Wall Street Journal - 3 Feb 2023 18:21
Buying an ESG fund is a lot like buying in an index fund. That means investors are paying a lot for the small part that is different.
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Retired CEO of BNSF Railway donates Italian villa-style mansion to Lake Forest College The mansion has a value of $6 million, according to the Lake County Assessor
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With Little Marketing Budget but Lots of Moxie, How Stuckey's Is Plotting a Big Comeback In the Autumn of 1968, Truman Capote--the novelist famed for bestsellers including Breakfast at Tiffany's and In Cold Blood--decided to do something decidedly below his social rank: He took a cross-country road trip. Mor...
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Qualcomm Posts 12% Drop in Sales

Wall Street Journal - 3 Feb 2023 01:57
Qualcomm Posts 12% Drop in Sales The designer of mobile-phone chips gave a muted outlook as it posted a 12% drop in sales, reflecting softness in the global smartphone market.
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Are Cosmos' ecosystem growth and roadmap enough to sustain ATOM's current 50% monthly rally? ATOM gained 50% in January and while the wider crypto market could remain bullish for some time, does the Cosmos ecosystem have strong enough fundamentals to support further upside?
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Owl Escaped Central Park Zoo After Exhibit Vandalized The Eurasian owl named Flaco was last seen by zoo officials in Central Park.
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US unemployment hits 53-year-low -- employers add 517K jobs in January The national employment rate fell to just 3.4% -- its lowest level since May 1969.
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Anti-Piracy Partners Head To The Courts, As U.S. Businessman Sues Gulf Lawyer A former U.S. Army Special Forces member is suing one of the most high-profile lawyers in the Gulf and seeking $67 million in damages, over allegations that the lawyer used improper means to destroy a business the two of...
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Introducing PenceGPT, from the Makers of ChatGPT

The New Yorker - 3 Feb 2023 16:24
You may be wondering, What can I expect from a chatbot that generates text based on Mike Pence's speeches and interviews? Well, look no further than this handy guide.
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South African Retailer Pick n Pay Now Accepting Payments via BTC at All Its Stores Pick n Pay, one of South Africa’s leading retailers, reportedly now accepts bitcoin as payment at all its stores across the country. Using the bitcoin lightning network, Pick n Pay’s customers can now buy items such ...
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Jobs report is out today. Live updates on stock market, unemployment rate and more. The current unemployment rate is 3.5%. It could rise today with data from January's jobs report. Follow our live updates for the latest news.      
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The Baidu Stock Rally Looks Set To Continue Chinese search engine behemoth Baidu's stock (NASDAQ: BIDU) has witnessed a solid rally over the last month (about 21 trading days), gaining roughly 33%, compared to the broader S&P 500 which was up about 7% over the sam...
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Cathie Wood hails her flagship ARKK ETF as 'the new Nasdaq' after the fund just notched its best month ever in January The famed investor said her flagship fund, ARKK, offers investors more exposure to disruptive innovation stocks than the tech-heavy benchmark index.
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North Korean Defectors, Libyans Indicted for 'Kimchi Premium' Crypto Trading South Korean prosecutors have arrested a group of foreign nationals - comprising North Korean defectors and at least one Libyan national - over suspected "kimchi premium"-type crypto trading offenses. Per Yonhap, prosecu...
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Jobs Report to Show Whether Labor Market Cooling Continued

Wall Street Journal - 3 Feb 2023 12:30
Jobs Report to Show Whether Labor Market Cooling Continued Recent figures paint a mixed picture of the U.S. economy's health as the Federal Reserve raises interest rates.
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Activist investor Ryan Cohen is amassing a sizable stake in Nordstrom Inc. and intends to urge the upscale department-store chain to make changes to its board following a steep share-price decline, according to people fa...
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Robert Kiyosaki Discusses Why Gold, Silver, Bitcoin Are Rising Higher The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has shared his view on why the prices of gold, silver, and bitcoin are rising higher. Noting that silver is cheap right now, Kiyosaki urged i...
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Amazon execs say the slowdown is due to customers slowing their own spending as they look to reduce all kinds of costs amid the economic downturn.
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