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Business News

Location American Business News for 24 February 2023

Nancy Dubuc out as Vice Media CEO after 5-year run

New York Post - 24 Feb 2023 19:54
Nancy Dubuc out as Vice Media CEO after 5-year run "I am proud to leave a Vice better than the one I joined," Dubuc said in her memo to staffers Friday.
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The dirty truth about your fake wood floors

Fast Company - 24 Feb 2023 06:00
The dirty truth about your fake wood floors Vinyl flooring is made using PVC, a plastic that’s incredibly toxic not just in its production, but long after it’s out in the world. Houses and apartments built or remodeled in the last decade tend to have one thing...
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How A.I. And The Cloud Are Erasing The Borders In Making Movies And TV Shows Artificial intelligence and cloud tools built into programs such as Adobe's Premiere Pro are transforming the production of video projects of all sizes. The shift promises to empower more kinds of creators without specia...
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Spotify's Latest Experiment: Playlists Unlocked by NFT Holders - The Future of Music Streaming? Online music streaming giant Spotify is testing a new playlist function made specifically for non-fungible tokens (NFTs) holders. Called Token-Enabled Playlists, the new function will enable users who hold certain NTFs t...
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The Spanish Prime Minister said Thursday that the Leopards will be delivered to Ukraine once the soldiers have finished their training.
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How 'Base Effects' Trip Up Our Understanding of the Economy

Wall Street Journal - 24 Feb 2023 12:30
How 'Base Effects' Trip Up Our Understanding of the Economy Sometimes, the most widely cited inflation figures tell us more about the past than the present.
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Bitcoin Price Dips On Hot US Inflation Data, But BTC Bulls Can Take Solace in These Bullish Options Market Signals Bitcoin was last trading lower by over 3.0% on Friday in the low $23,000s, with BTC/USD falling back under its 21DMA for the first time in nearly two weeks in wake of a hotter-than-expected US Core PCE inflation report t...
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Welcome to the 5% World, Where Yield Chases You

Wall Street Journal - 24 Feb 2023 18:07
The dark cloud of rising interest rates comes with some significant silver linings.
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Tencent to Offer Metaverse-Building Services for Asian Markets Tencent, the Chinese software and tech company, has announced its metaverse suite of services designed to target Asian markets. The company revealed that it will revamp its media offering with its new “metaverse-in-a-b...
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Warner Bros. Discovery Streaming Loses $217 Million Ahead of Combined Service The rumors are true: Discovery+ will remain a standalone service ahead of the upcoming consolidation of the smaller streamer and HBO Max. "For those that have Discovery right now, the churn is very low, and it's profitab...
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Google has been accused by DOJ of destroying evidence in antitrust case The Justice Department said Thursday that Google is facing sanctions for deleting evidence in the government's antitrust lawsuit against the company.
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Revenue Grew at Condé Nast Last Year, but Shy of Target

The New York Times - 24 Feb 2023 23:15
Revenue Grew at Condé Nast Last Year, but Shy of Target The chief at Condé Nast, which only occasionally discusses its financial results, said ad revenue grew year over year, while subscriptions and e-commerce fell short of goals.
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NFT Sales Soar 138% in Past Week, Blur Market Dominates This Week's ETH-Based NFT Sales Non-fungible token (NFT) sales have soared this past week, climbing 138.15% higher than the week before. Sales recorded between last Friday and Feb. 24, 2023, indicate that $801 million in NFT sales have been settled ove...
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Workers' ChatGPT Use Restricted At More Banks--Including Goldman, Citigroup Large banks, public school districts and universities have restricted the use of OpenAI's impressive chatbot, ChatGPT.
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The US economy may be inching closer to the cliff edge given these 4 troubling signs, Larry Summers says Rising inventories and dwindling savings are among key factors threatening the US economy's current sturdiness, Larry Summers said.
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The deadline to make 2022 contributions to an IRA is April 18.
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After decades of saving and investing, it's time to start taking income from your retirement account. Here are a few things to keep in mind.
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After Bleeding Billions, Airlines' Profits Are Soaring

Wall Street Journal - 24 Feb 2023 14:34
After Bleeding Billions, Airlines' Profits Are Soaring The post-Covid recovery has taken hold as travelers take advantage of reopened borders, while carriers are benefiting from higher fares and cost-cutting efforts.
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Europe Tempers Criticism of Biden's Green Subsidies

Wall Street Journal - 24 Feb 2023 13:36
Europe Tempers Criticism of Biden's Green Subsidies The European Union's Margrethe Vestager said that closer analysis of the U.S. Inflation Reduction Act suggests the main threats to Europe's competitiveness will be limited to a handful of sectors.
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Nvidia Beats Earning Expectations And Looks Towards AI, Stock Jumps 14% In Response Alongside these numbers came a renewed commitment to its cloud AI endeavors, which has analysts and investors buzzing.
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Arinzé Kene's Postmodern Portrait of a One-Man Show

The New Yorker - 24 Feb 2023 13:00
In "Misty," at the Shed, the actor-playwright-rhapsode uses spoken-word performance to explore overfamiliar constructs of Blackness.
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The Cathartic Pessimism of the "Party Down" Revival

The New Yorker - 24 Feb 2023 13:00
The Cathartic Pessimism of the Since the show's first two seasons, it has become harder to sustain the illusion that either Hollywood or the economy at large doles out its shrinking perks fairly.
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