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Business News

Location American Business News for 9 February 2023

Daily Cartoon: Thursday, February 9th

The New Yorker - 9 Feb 2023 16:54
Daily Cartoon: Thursday, February 9th Guns are for everyone.
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Bob Iger Moving Quickly To Get Walt Disney Company Back On The Right Track Bob Iger announced a number of strategic changes on their earnings call, and investors were pleased.
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TikTok Rolls Out New Advertising Features Aimed at SMBs, Creators TikTok has added several new features to its Promote advertising platform aimed at helping creators and small businesses more easily turn organic content into TikTok ads. "With the new Promote features we're introducing,...
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How Sebi is all set to make AIFs more investor-friendly Winds of change are set to sweep the investment scenario in the country
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Twitter says low-level use of its API will cost $100 per month. The announcement comes after it blocked the use of apps like Tweetbot and Twitterrific. Last week, Elon Muskfloated a $100 monthly charge for API access, saying the interface was being "abused badly" by bots.
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Affirm reported second quarter earnings that fell below analyst estimates on both the top and bottom lines.
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Hating your job isn't a new phenomenon, but "resenteeism" signals that people might be getting more open about it as they're more reluctant to quit.
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Unicorn-Entrepreneurship: 8 Lessons From Melanie Perkins Of Canva VC-unicorns are valued at $1 billion+ but may have chimeric value because they may have minimal sales. Melanie Perkins of Canva built a real-unicorn with sales and value over $1 billion. By delaying VC, she controlled th...
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Wagner Group stops recruiting prisoners as growing numbers refuse to be enlisted on suicide missions, reports say Tens of thousands of prisoners agreed to fight with the Wagner Group in Ukraine, but most of them died on the battlefield, reports said.
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I'm an 11-year-old fan of 'Velma.' Here's what adults get wrong about the HBO Max series The reimagining of a minor character from ‘Scooby-Doo’ sparked internet outrage. As the show wraps up its first season, a young ‘Velma’ fan reflects on how everyone missed the point. Both left-wing and right-wing...
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A global recession could be coming - at least that's what commodity prices seem to say Insider's Phil Rosen breaks down key economic indicators that experts say point to a potential recession.
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The Layoff Conundrum

Wall Street Journal - 9 Feb 2023 20:36
Headlines about layoffs at large companies don't match overall employment data.
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Expect bigger dividends if Joe Biden's tax on stock buybacks increases, says PepsiCo's CFO "I expect over time, probably you'll see more money go into dividends and less money go into share buybacks," PepsiCo's CFO told CNBC.
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Sponsor content from Deloitte.
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Tesla's stock has almost erased last year's 65% plunge, just six weeks into 2023 Shares in Elon Musk's EV maker Tesla have now erased almost all of their losses from 2022, a year when they shed $700 billion in market value.
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Deutsche Bank still says there's a 90% chance of a U.S. recession this year.
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Robinhood accidentally sold short on a small stock as it went on a meme-like ride in December, costing the trading app more than the stock's market cap today
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Grubhub letter falsely lists NYC restaurants that support loosening delivery cap fee At least seven of the restaurant owners did not know anything about the letter until it was brought to their attention, multiple owners told The Post.
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George Santos signs onto abortion, guns, term limits, and impeachment bills as he attempts to make friends on Capitol Hill "I'm a legislator just like everyone else here," he said as a swarm of reporters surrounded him at the Capitol.
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Disney's Iger reveals 7,000 layoffs in restructuring move Disney World CEO Bob Iger revealed plans Wednesday to lay off 7,500 workers, about 3% of the workforce.
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Rep. Angie Craig Reports Elevator Assault

Forbes - 9 Feb 2023 23:47
Rep. Angie Craig Reports Elevator Assault Rep. Angie Craig (D-Minn.) is physically fine after she was assaulted Thursday morning in the elevator of her Washington D.C. apartment building, her chief of staff said in a statement.
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Tech mogul Bryan Johnson, who spends $2M a year for 18-year-old body, cheated on and 'dumped fiancée after she got breast cancer': lawsuit Taryn Southern alleges that Bryan Johnson was "manipulative" and "controlling" during their three-year relationship which ended in 2019.
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