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Business News

Location American Business News for 1 March 2023
Equitas SFB hikes interest rates for fixed deposits and recurring deposits One of the leading SFBs, Equitas Small Finance Bank Ltd, has announced a hike in interest rates for fixed deposits as well as recurring deposits in accounts for domestic and NRE/NRO.
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Outdoor Recreation Industry Sees Significant Growth With Changes In Consumer Behavior Sparked By Covid-19 Covid-19 has had a marked affect on consumer behavior, especially within outdoor recreation. The sporting goods retail industry has grown 6.7% per year on average between 2018-23, with a marked jump from 2020 to 2021. Th...
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The 20-Somethings Fueling a Stick-Shift Renaissance

Wall Street Journal - 1 Mar 2023 13:00
The 20-Somethings Fueling a Stick-Shift Renaissance Think the manual transmission car is dead? Not yet.
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How Your Stories Of Failure Create Better Business Success What if, instead of failure meaning defeat and hopelessness, it could mean better business success? The clue is in how you document and tell your story, and therefore how you frame the role failure plays in your life.
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All at once, we lose our sense of purpose, our identity, our community, our structure and our routines.
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Legalizing Crypto Will Undermine Russian Financial System, Warns Central Bank Legalizing crypto could "fundamentally" undermine Russia's financial system, the nation's Central Bank has warned. According to the media outlet Informer, Elizaveta Danilova, the bank's Director of Financial Stability, s...
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"For the past 30 years, the correlation between stocks and bonds has been negative." That's now changed, and here's the rub for investors.
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AMC stock falls after the meme darling books a deeper 4th-quarter loss than expected The beloved meme stock fell 8.6% in premarket trading Wednesday to $6.53 after AMC reported a net loss of $287.7 million, exceeding estimates.
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As Dollar Stores Proliferate, Some Communities Say No

The New York Times - 1 Mar 2023 12:00
As Dollar Stores Proliferate, Some Communities Say No More than 70 proposed dollar stores have been rejected since 2019, a report shows. It's a small number compared with those that opened but evidence of opposition to the industry.
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Ben & Jerry's suppliers using child labor despite 'progressive' values A New York Times report said migrant children are employed in the supply chain for major companies like Walmart, Target, Whole Foods, Ford and General Motors, among others.
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Tel Aviv Stock Exchange Takes Steps to Allow Crypto Trading Israel's public stock exchange is suggesting regulatory amendments that would permit some clients to trade crypto assets. The proposals, which have been put forward for public consultation, come at the backdrop of a grow...
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Apple TV+ Is Looking Into Streaming More Live Sports Apple TV+ could be making a bid to live stream Pac-12 sports replacing ESPN & Fox. Last month Apple began streaming MLS games and next month Apple will begin their second season of streaming MLB games.
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McDonald's franchise owners push back against the Cardi B and Offset celebrity meal, claiming the rappers go against company values Some owners say the lifestyles of the celebrity couple run counter to the McDonald's brand and are refusing to promote their meal, WSJ reported.
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Goldman Sachs' Digital-Asset Team Ready to Expand with New Blockchain Platform - Is the Bear Market Over? The major Wall Street investment bank Goldman Sachs has said it stands ready to bolster its digital asset team, as it promotes its new tokenization platform GS DAP for new users around the world. The GS DAP platform - a ...
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BodyArmor CMO on How Innovation Will Help Powerade Take on Gatorade Powerade made a name with a generation of sports fans by having Michael Vick throw footballs out of stadiums, LeBron James drain impossible threes, and Derrick Rose take his long ride to the NBA. What Powerade hasn't don...
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High inflation, rising mortgage rates and tighter Fed policy all "dampen the prospect of home prices avoiding a decline," Redfin's deputy chief economist told Insider.
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The US military set off its largest nuclear explosion in testing 69 years ago, but scientists had no idea the blast would be that big The Castle Bravo nuclear test produced an explosive yield of 15 megatons and was 1,000 times more powerful than the bomb that destroyed Hiroshima.
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Stock Futures Waver as Investors Await Manufacturing Data

Wall Street Journal - 1 Mar 2023 15:56
Stock futures wobbled to start the month, as investors awaited readouts on the health of the U.S. manufacturing sector.
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Eli Lilly Says It Will Cut the Price of Insulin

The New York Times - 1 Mar 2023 15:42
Eli Lilly Says It Will Cut the Price of Insulin The company said it would cap the out-of-pocket cost of the diabetes drug at $35.
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China's Factories Report Surge in Activity After Lockdowns End Manufacturing activity rose in February to its highest level in more than a decade, bolstering China's recovery after restrictions paralyzed much of the country.
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Visa Reaffirms Commitment to Crypto Tech Despite Recent Reports - Here's The Latest Visa has reiterated its commitment to crypto strategy, refuting recent reports that the payment giant plans to pause crypto push due to uncertain market conditions. Cuy Sheffield, Visa vice president and head of crypto, ...
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Salesforce Faces Mounting Investor Pressure As Profits Sag

The New York Times - 1 Mar 2023 15:01
Salesforce Faces Mounting Investor Pressure As Profits Sag The software giant faces mounting pressure from activist investors and pushback from employees unhappy about a wave of firings and the scaling back of office perks.
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