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Business News

Location American Business News for 27 February 2023
Rap Star Drake Loses $400,000 Bitcoin Bet on Jake Paul in Split-Decision Loss to Tommy Fury The Canadian rapper and singer Drake lost $400,000 in bitcoin after betting that the YouTuber-turned-boxer Jake Paul would beat Tommy Fury by knockout. Drake could have potentially raked in a $1.44 million bitcoin payout...
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Apartment Rents Fall as Crush of New Supply Hits Market

Wall Street Journal - 27 Feb 2023 12:30
Apartment Rents Fall as Crush of New Supply Hits Market Declines in every major U.S. metro area signal tenants may be maxed out on how much income they can devote to rent.
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The Windsor Framework: What is in the new post-Brexit deal on Northern Ireland? Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen have agreed a new post-Brexit deal for Northern Ireland, calling it the Windsor Framework.
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Shoppers Speak Up! #Shrinkflation And #FoodCrimes In Their Supermarkets Shrinkflation is what I call a "food crime" and shoppers are telling me they have had enough.
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Wells Fargo managers 'laughed' as customers mocked transgender bank teller: lawsuit Alexis Edwards filed a discrimination lawsuit against the $176 billion banking giant in New Jersey federal court.
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Amyloid Gains Converts in Debate Over Alzheimer's Treatments

Wall Street Journal - 27 Feb 2023 15:00
Amyloid Gains Converts in Debate Over Alzheimer's Treatments The drug's success has helped quell a dispute over a theory of what causes the disease and how to treat it. However, critics say scientists still aren't sure how amyloid removal slows down Alzheimer's.
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Ukraine netted $70M in crypto donations since start of Russia conflict Ether leads the way in donations with $28.9 million received so far, while BTC and USDT donors have chipped in $22.8 million and $11.59 million respectively.
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Want A Happier Life? Self-Employment May Pave The Way, A New Survey Shows Self-employed people outperform all other workers when it comes to achieving the top three goals for American workers: spending enough time with their family, leading a fulfilling life and "getting the most out of life."
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Billionaire 'Bond King' Jeffrey Gundlach Warns of 'Painful Outcomes' in Next Recession Billionaire Jeffrey Gundlach, aka the “Bond King,” has warned of “painful outcomes that are coming in the next recession.” Commenting on the Federal Reserve’s attempt to curb inflation, he cautioned: “The mor...
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An esoteric concept known as the "equity risk premium" is once again being cited by analysts as a reason that U.S. stocks are no longer "worth it."
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CNN on track for smallest audience of viewers age 25 to 54 since 2014: report The network's newly-launched show "CNN This Morning," led by Don Lemon, is set to finish February with its smallest monthly audience among total viewers and 25 to 54 year old demo since it launched last November.
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Smoking scene in movie? CBFC will need to be convinced first Under proposed amendments to movie-making rules, filmmakers will have to convince the Central Board of Film Certification (CBFC) about the need for a smoking scene
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The latest office trend calls for taking it easy at the start of the workweek.
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LinkedIn: How to Turn Off Creator Mode on Mobile LinkedIn's "Creator Mode" offers professionals an exclusive set of features that were designed for users who want to build a following on the social networking platform. Once someone turns on Creator Mode on their Linked...
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Historic movie lot that gave Studio City its name to get $1-billion makeover Historic movie lot in Studio City that was home to iconic television shows, from 'Gunsmoke' to 'Seinfeld,' is getting a $1-billion makeover.
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Is Deutsche Bank Stock Fairly Priced?

Forbes - 27 Feb 2023 15:00
Is Deutsche Bank Stock Fairly Priced? Deutsche Bank's stock (NYSE: DB) has gained 6% YTD, as compared to the 5% rise in the S&P500 over the same period.
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More Retailers Expected To Issue Pessimistic Forecasts This Week Nine major retailers are scheduled to report earnings and issue guidance this week.
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The Time Has Come For Expanding Health Savings Accounts HSAs give Americans control over their healthcare dollars--and help them save and pay for the care they need.
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A Thai drug lord evaded capture by having plastic surgery to make himself look like a 'handsome Korean man', police say Saharat Sawangjaeng, who adopted the alias Seong Jimin, was caught by police in Bangkok last week after allegedly extensively changing his appearance.
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Chinese E-Commerce Flourishes on U.S. Soil

Wall Street Journal - 27 Feb 2023 14:40
Platforms like PDD's Temu are expanding rapidly in the U.S. and farther afield.
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Brazilian Digital Real Passes Public Blockchain Pilot Test With Flying Colors A tokenized version of the digital real, the Brazilian central bank digital currency (CBDC), has passed a public blockchain pilot test successfully. The test, which was carried out by Mercado Bitcoin, a local exchange, u...
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Stock Futures Gain After Indexes Post Worst Week of 2023

Wall Street Journal - 27 Feb 2023 14:29
Treasury yields and stock futures ticked higher, pointing to a modest recovery after indexes logged their worst week of the year amid concerns about higher interest rates.
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