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Business News

Location American Business News for 3 March 2023
Mark Zuckerberg slashes Quest VR headset prices amid weak sales Meta is facing heat from investors for pouring money into metaverse that has not reaped benefits as expected.
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Dynamic pricing for dinner? Some Chicago restaurants experiment with charging more for prime tables Though consumers are used to forking over extra cash for airline seats with more legroom or concert tickets closer to the stage, restaurants have not generally asked diners to do the same for better seats at dinner. But ...
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The Tax Play That Saves Some Couples Big Bucks

Wall Street Journal - 3 Mar 2023 12:30
Married, but filing separately: A growing number of Americans are choosing to submit their taxes independent of their spouse. Here's why.
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5 Ways Leaders Can Support Adoptive Parents

Harvard Business Review - 3 Mar 2023 15:15
How employers do — or don’t — step up can have a major impact on employees and their families.
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Tesla Investors Aren't Impressed With Elon Musk. Twitter Is One Reason Why Tesla has not given investors a compelling reason to believe it can boost its growth?
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Signature Bank's mid-quarter update carries more significance given tough market conditions, as the company whittles down its crypto exposure.
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US Senators Probe Crypto Exchange Binance About 'Potentially Illegal Business Practices' Three U.S. senators have asked crypto exchanges Binance and Binance US for documents and answers pertaining to “potentially illegal business practices.” The lawmakers told Binance CEO Changpeng Zhao (CZ): “Your act...
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Railcar That Overheated in Ohio Derailment Changed Hands Several Times The freight railcar that federal investigators say likely caused last month's derailment in Ohio was handed off among four railroads before its fateful trip and was owned by a fifth company.
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Google Cloud CEO Thomas Kurian gave a fiery speech on AI during an internal town hall In today's edition: Testing Microsoft's new Bing conversation styles, the unfulfilled promise of affordable EVs, and more headlines.
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U.S. Export Limits Target 28 Chinese Entities, Citing Alleged Ties to Iranian Military The Biden administration imposed export restrictions as it sees a growing national-security threat from China.
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Consumers looking for more ways to save money helped Kroger beat profit expectations and provide an upbeat outlook.
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Zscaler Inc. stock fell in the extended session Thursday after the cybersecurity company hiked its revenue forecast for the year while announcing layoffs.
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Hersey likely knew that it would face backlash for their inclusion of a trans woman, says Deb Gabor, CEO of branding agency Sol Marketing
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A study finds that a lack of a 4 right after the decimal point in per-share earnings data means a company might be strategically rounding up its results, a practice that can lead to more serious violations.
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Russia set to mothball ruptured Nord Stream pipelines in a sign that Moscow has given up on Europe as a key buyer A Kpler analyst told Insider that Russia is pouring money into a replica of Nord Stream 2 that will transport its natural gas to China.
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Why the U.S. Government Isn't Rushing to Regulate AI

The New York Times - 3 Mar 2023 15:07
Why the U.S. Government Isn't Rushing to Regulate AI Artificial intelligence tools are proliferating throughout society, and getting more powerful. Washington has failed to keep pace.
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Life Insurers Boosted Premiums, Now They Are Paying Refunds

Wall Street Journal - 3 Mar 2023 15:00
Longtime policyholders accuse companies of wrongly trying improve financial results at their expense.
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Leonardo DiCaprio was interviewed by the FBI over his relationship with a Malaysian businessman involved with the 1MDB scandal, report says Jho Low offered to give Kim Kardashian a Basquiat painting, but her then-husband Kanye West made her ask for a Monet instead, Bloomberg reported.
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Former Goldman Sachs partners represent the powerful allies and formidable foes the bank has across the Street Goldman Sachs has had its fair share of turnover among its partnership. And while some represent an ally for the bank, others pose a threat.
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Rupert Murdoch could face FEC fines if he tipped off Jared Kushner about Biden's presidential ads before they aired Dominion alleges Murdoch gave information that FEC experts said would be considered an "in-kind" donation, and need to be reported.
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Chip Designer Arm Intends to List in New York

Wall Street Journal - 3 Mar 2023 14:28
Chip Designer Arm Intends to List in New York The British chip designer said it intends to list its shares in New York, a move that comes amid a race between the U.S., Europe and China to build out their semiconductor ecosystems.
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Stock market blow, an opioid crisis and the Black Founders Fund Ian King speaks to AJ Bell about how more British companies are listing on the US stock market.
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