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Business News

Location American Business News for 16 February 2023
It's time to move money out of your savings bank account A series of repo rate hikes by the Reserve Bank of India (RBI) since May has pushed up both fixed deposit (FD) and lending rates
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Louis Vuitton Remains Off-White With Pharrell Williams Leading Menswear Williams' appointment makes him the second Black artistic director at Louis Vuitton, following the passing of iconic designer Virgil Abloh.
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Nestlé Sells Less After Raising Prices, Moves to Drop Some Unpopular Lines The maker of Nescafé coffee and Purina pet food said sales volumes fell after it raised prices to offset soaring costs.
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Berkshire's Charlie Munger Says 'Ridiculous' Anybody Would Buy Crypto -- 'It's an Absolute Horror' Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, says people who oppose banning cryptocurrencies are “idiots,” adding that it’s “just ridiculous” anybody would buy ...
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Michigan State Gunman Bought Guns Legally And Carried Nine Loaded Magazines, Police Say The alleged shooter, who killed himself when confronted by police, had a loaded magazine "full to capacity" in his pocket, and eight more in his backpack.
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Credit-card debt totaling $986 billion in the fourth quarter surpasses the pre-pandemic high of $927 billion, New York Fed researchers said.
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The Biggest Mistakes People Make With Their Wills

Wall Street Journal - 16 Feb 2023 19:00
The obvious one isn't doing a will at all. But that is just one of many errors people make--often with potentially serious consequences.
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What To Expect From MetLife Stock?

Forbes - 16 Feb 2023 14:00
What To Expect From MetLife Stock? MetLife stock (NYSE: MET) gained 1.1% in the last week, outperforming the S&P 500 (down 0.6%).
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First Bob Marley-Branded Cannabis Store Comes To Market A physical retail space selling the Marley products has arrived in Jamaica.
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Binance Expects to Pay Penalties to Resolve U.S. Probes

Wall Street Journal - 16 Feb 2023 03:01
The world's largest cryptocurrency exchange is working to fill gaps in its early compliance efforts, the firm's chief strategy officer said in an interview.
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SEC Chairman Proposes Amending Federal Custody Rules to Cover 'All Crypto Assets' U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has proposed amending federal custody rules to cover “all crypto assets.” The SEC chief said: “Though some crypto trading and lending platforms ma...
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Rihanna Saw A 390% Boost In Song Sales After Super Bowl Halftime Performance After Rihanna's Super Bowl halftime show performance on Sunday, her music experienced a 211% increase in on-demand streams and a 390% increase in digital song sales overall, as the songs she performed saw a similar boost...
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One town in the Netherlands has converted its garbage into algae that is then used to harvest positive thoughts.
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Hard-up Russia pushes to replenish sagging Viagra supply Russia is scrambling to produce its own version of Viagra after Viatris, the Pennsylvania-based manufacturer of the medication, halted shipments last year following the brutal invasion of Ukraine.
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YouTube CEO Susan Wojcicki to step down amid tough moment for tech Susan Wojcicki will be stepping down as CEO of the Google-owned video platform YouTube. She will be replaced by chief product officer Neal Mohan.
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Today in Crypto: 24% of New Tokens in 2022 Similar to Pump-and-Dump Schemes, Mercuryo & ConsenSys Reveal Integration within MetaMask, Unstoppable Domains & Opera Expand Partnership Get your daily, bite-sized digest of cryptoasset and blockchain-related news - investigating the stories flying under the radar of today's crypto news.__________...
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Bitcoin's Future Depends on Six Mysterious Coders

Wall Street Journal - 16 Feb 2023 18:15
A handful of developers with power to change the cryptocurrency's software hold an unorthodox role, are elusive--and have been known to head off disaster for the coin. "It can be very scary."
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Europe's Gas-Price Ceiling Already Shows Cracks

Wall Street Journal - 16 Feb 2023 17:29
The region's new price cap manages to look both risky and pointless at the same time.
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A Detroit teacher paid just $2,700 for a 'trashed' home, then turned it into her sanctuary. See the dramatic transformation. Deandra Averhart spent 17 months fixing up the abandoned property in her hometown. She laid out how she did it while keeping renovation costs low.
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What the Most Productive Companies Do Differently

Harvard Business Review - 16 Feb 2023 15:25
New research from McKinsey finds they have four strategies in common.
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It comes after the world's biggest food company increased its prices by 8% last year.
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KFC is trimming its menus, dropping fried chicken wings, popcorn chicken combo and more Kentucky Fried Chicken is dropping some menu items including fried chicken wings, but two new items were added and the chain hinted at more coming.      
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