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Business News

Location American Business News for 6 February 2023
Why Startups Should Avoid Shiny Object Syndrome Much of the time, founders' focus is almost singularly on product development instead of business management.
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Tom Brady is now divorced and retired: Here is how he and Gisele Bündchen spent their millions Despite the occasional lavish trip, Tom Brady and Gisele Bundchen were the rare celebrity couple that opted not to live a megastar lifestyle.
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JPMorgan: 72% of Institutional Traders Surveyed 'Have No Plans to Trade Crypto' A new survey by JPMorgan Chase shows that 72% of institutional traders “have no plans to trade crypto” while 14% plan to trade cryptocurrencies within five years. Institutional traders also expect “recession risk�...
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Miami Airport Regains Top Spot In Florida As Revived Foreign Travel Shakes Up U.S. Airport Rankings Miami International has passed Orlando International as the busiest in Florida as international traffic surged at various U.S. gateways.
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Deutsche Bank is looking at strategic job cuts, UK CEO says Deutsche Bank needs to 'maintain a laser focus on costs' after promising to keep expenses in check despite rapid inflation, UK & Ireland CEO Tiina Lee said. That involves 'looking to strategically adjust headcount' after...
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What's Next For Restaurant Brands Stock?

Forbes - 6 Feb 2023 14:00
What's Next For Restaurant Brands Stock? QSR's stock growth can be attributed to its impressive second and third-quarter results.
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Tech CEOs screwed up, and it's time to hold them accountable Tech CEOs get all the credit when things go well, with little accountability when they screw up. And thousands of tech workers pay the price.
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Corporate filings show Adani's UK-listed group dropped its audit bill from $309,000 to $172,000 by enlisting the UK's 12th-ranked auditor, per Accountancy Age.
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Here's why 2023's stock rally could fizzle out and end up burning bullish investors Insider's Phil Rosen breaks down the recent surge in equities and why macro factors may ultimately reverse the momentum.
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I started my company with $40 and grew it to $4 million in revenue. Here are the best business investments I made and what entrepreneurs should avoid. Tori Dunlap, the founder of the financial-advice platform Her First $100K, says outsourcing is one of the best investments for entrepreneurs.
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Companies Vexed by Fewer Interest Deductions, Rising Rates

Wall Street Journal - 6 Feb 2023 12:30
Companies Vexed by Fewer Interest Deductions, Rising Rates Some U.S. businesses face reduced cash flows and higher tax bills as they are hit by a double whammy of interest-rate hikes and a tax-law change.
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Chevron Explores Algerian Gas Plans Amid Russian Sanctions

Wall Street Journal - 6 Feb 2023 12:27
Chevron Explores Algerian Gas Plans Amid Russian Sanctions The oil giant is in talks to clinch a deal in the North African nation that holds bigger shale resources than the U.S.
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2023 Layoffs: Dell Reportedly Cuts 6,650 Jobs Major U.S. companies laid off more than 81,000 employees in January.
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Disney's Iger Returns to Familiar Stage, but With Different Challenges The company reports quarterly earnings on Wednesday, and Wall Street is expecting it to lay out a new streaming strategy and operating structure.
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Crypto needs 'adult supervision' and turmoil to 'grow up' -- Microstrategy co-founder The bankruptcies of once high-profile crypto players are "painful" but helpful said Michael Saylor but added industry oversight is still needed.
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Robert Kiyosaki Says He Likes Bitcoin -- Calls BTC 'People's Money' The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says he likes bitcoin, calling the cryptocurrency “people’s money.” While admitting that he does not know much about bitcoin, he said: ...
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Scientists are modifying catfish with alligator DNA to create hybrids for human consumption Although the project is still in its early stages, the scientists hope to bring the catfish-alligator hybrids to supermarkets.
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Lawrence Summers said Sunday he's "encouraged, but I still think it would be a mistake to say we're out of the woods."
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Twitter is set to charge businesses $1,000 a month for brand verification -- continuing to look to earn revenue on formally free services under new owner Elon Musk.
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The smaller rival, Life Storage, rebuffed the company's overtures in December and January.
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Pentagon Admits It Failed To Spot 3 Chinese Spy Balloons During Trump's Term The military shot down a suspected Chinese surveillance balloon over the weekend.
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The sequel to Black Panther grossed more than $800 million worldwide before moving to the streaming service Disney+ earlier this month.
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