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Business News

Location American Business News for 25 February 2023

Americans in Their 30s Are Piling On Debt

Wall Street Journal - 25 Feb 2023 12:30
The overall burden is up 27% since before the pandemic, more than for any other age group.
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Weird Winter Weather Set To Send Wheat Prices Back Higher A combination of weather-related events looks set to cause sharp frosts that will hurt the forthcoming wheat crop, experts say.
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Aluminum Producers Back Tariffs on Russian Imports

Wall Street Journal - 25 Feb 2023 16:00
Aluminum Producers Back Tariffs on Russian Imports American companies said they don't expect the move by the Biden administration to drive up U.S. costs.
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The Furniture Hustlers of Silicon Valley

The New York Times - 25 Feb 2023 12:00
The Furniture Hustlers of Silicon Valley As tech companies cut costs and move to remote work, their left-behind office furniture has become part of a booming trade.
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The one thing you should always do before uploading sensitive documents to the cloud Major cloud storage provders don’t end-to-end encrypt the files you upload, leaving them vulnerable to third-parties. The cloud has been a godsend when it comes to managing and storing our data. Before the advent of cl...
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IMF Board Offers Guidance for Developing Effective Crypto Policies The executive board of the International Monetary Fund (IMF) has provided guidance for member countries to develop effective crypto policies. The board stressed the need to develop comprehensive crypto regulations to “...
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Saudi Cup 2023: The $10-Million Fight Between Country Grammer And Baffert-Trained Stablemate Taiba Bob Baffert has trained two of the top three picks vying for the victor's half of Saturday's $20-million Saudi Cup. Taiba and Country Grammer may hit the board as their odds predict. But each has talents and weaknesses t...
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At the end of January, the success rate for people seeking jobs in tech was just 55%, according to ZipRecruiter.
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Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’...
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Commodity Strategist Mike McGlone Predicts a Recession as Top Catalyst for Gold's Rise Above $2,000 This week, Bloomberg Intelligence Senior Macro Strategist Mike McGlone shared his March outlook and noted that the “top catalyst” that could push gold above the $2,000-per-ounce range is a recession. McGlone further ...
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Here's how to know when strong economic data will be good or bad for stock prices.
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The difference that a good credit score makes in terms of monthly mortgage payments -- and total interest paid while you hold the mortgage -- can be significant.
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Top strategists at Goldman Sachs, Morgan Stanley, and JPMorgan have all warned that US stocks are headed for another wave of pain.
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Germany's DZ Bank to Offer Crypto Custody With Swiss Firm Metaco The second-largest bank in Germany, DZ Bank, is preparing to become a provider of custody services for crypto assets. The offering will be facilitated by a partnership with Metaco, a Swiss company that specializes in hel...
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The Supreme Court will hear two challenges to Biden's student-debt-cancellation plan on February 28. Here's what borrowers should know.
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Viktor Vekselberg, worth $7 billion, bought the homes via shell companies based in Panama and the Bahamas, court documents show.
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Many companies blame their mass layoffs on an economic downturn, but Stanford professor Jeffrey Pfeffer says simple copycat behavior is also at play.
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Pricey add-ons could start ruffling EV-buyer feathers —but automakers might struggle to survive without them, a new study says.
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An artist struggling to pay rent turned a dumpster into a tiny home for $4,800 Harrison Marshall is only paying about $60 a month to rent the dumpster, but his home lacks some conveniences many people wouldn't want to be without.
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Jump Crypto Trading Firm Strikes Back: Recovers $140 Million Stolen Crypto from Wormhole Hack - Here's What Happened Jump Crypto, the Chicago-based crypto arm of Jump Trading that helped develop DeFi project Wormhole, has managed to counter-exploit the Wormhole protocol hacker and retrieve $140 million worth of tokens. According to a r...
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They Went Viral and Made Money. Now They Owe Taxes.

The New York Times - 25 Feb 2023 10:00
They Went Viral and Made Money. Now They Owe Taxes. Many content creators who earned money for the first time on platforms like TikTok, Instagram and YouTube are figuring out what a 1099 form is and what they can write off.
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Burned Out, More Americans Are Turning to Part-Time Jobs

Wall Street Journal - 25 Feb 2023 07:00
Burned Out, More Americans Are Turning to Part-Time Jobs Six times as many people currently work part-time by choice, rather than by necessity; "25 hours is the new 35."
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