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Business News

Location American Business News for 22 March 2023
Below Deck's Captain Sandy Yawn On Managing Millennials, ADHD And How To Park A Yacht Captain Sandy has overcome alcoholism, ADHD, cancer and more to become a top super yacht captain and star on Bravo's Below Deck Mediterranean. Now, she has advice for employers and people like you.
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Work Travel Is Suddenly a Lot More Work

Wall Street Journal - 22 Mar 2023 11:30
Work Travel Is Suddenly a Lot More Work Higher fares and tighter budgets add a degree of difficulty for travelers planning business trips.
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Domestic steel demand to grow at 7-8% in FY24: ICRA

livemint.com - 22 Mar 2023 15:53
Domestic steel demand to grow at 7-8% in FY24: ICRA ICRA said that domestic steel consumption growth has remained strong throughout FY23 supported by the govt's push for infrastructure-led economic growth
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China Is Starting to Act Like a Global Power

Wall Street Journal - 22 Mar 2023 20:00
China Is Starting to Act Like a Global Power Buoyed by economic and military success, Beijing has grown bolder in challenging the U.S.-led global order.
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DeSantis-picked education board considers expanding so-called 'Don't Say Gay' law to 12th grade The proposal is separate from legislation advancing through the Florida legislature that would restrict pronouns.
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GameStop Shares Skyrocket 50% In Extended Trading After Reporting Surprise Profit The company made more than $48 million in profit during the fourth quarter of 2022, in a massive reversal from the $147.5 million loss it reported a year earlier.
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Mistakes by the US's top spies allowed China to turn a deadly mid-air collision into an intelligence coup In April 2001, a US spy plane and a Chinese jet collided over the South China Sea. Author James Bamford details the incident's lasting consequences.
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Bill Gates said that AI will improve the medical field but cautioned it "won't be perfect and will make mistakes."
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Housing Market: Mortgage Rates Sink To 5-Week Low Amid Bank Havoc There may not be much time to rejoice if the Federal Reserve increases interest rates Wednesday.
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Biden to limit growth in China for chipmakers getting U.S. funds Commerce Secretary Gina Raimondo unveiled tight new proposed restrictions on semiconductor manufacturers doing business in China.
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Yellen Says US Could Back All Deposits at Smaller Banks if Needed to Prevent Contagion U.S. Treasury Secretary Janet Yellen says the federal government could guarantee all deposits of smaller banks if they “suffer deposit runs that pose the risk of contagion.” The government recently protected all depo...
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Xi and Putin Bind China and Russia's Economies Further, Despite War in Ukraine On the second day of the Chinese leader's state visit in Moscow, Xi Jinping and Vladimir V. Putin declared an enduring economic partnership, in an effort to insulate their countries from punitive Western measures.
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India may begin to export coal by FY26

livemint.com - 22 Mar 2023 20:19
India may begin to export coal by FY26 India is expected to produce 1 bn tonnes of coal in the year starting 1 April, up from an estimated 880 mn tonnes in the current fiscal year. The govt is exploring supplying the surplus coal to neighbouring countries, su...
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Stock Futures Waver Ahead of Fed Decision

Wall Street Journal - 22 Mar 2023 14:55
U.S. stock futures flicked between small gains and losses, while global markets rose, ahead of a closely watched interest-rate decision from the Federal Reserve.
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Greg Abel has boosted his Berkshire stake after Warren Buffett declared his successor would keep a big chunk of his net worth in the company's stock.
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In an email to workers, per CNBC, Sundar Pichai said: "As more people start to use Bard ... they'll surprise us. Things will go wrong."
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Will The Silicon Valley Bank Fallout Collapse The Housing Market? Some are drawing parallels to the 2008 financial crisis and concerns over whether a housing market collapse is possible
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Goldman Is Reportedly Using AI To Write Code As Banks Crack Down On ChatGPT Use Goldman's use of generative AI tools comes as several major U.S. banks--including Goldman--have restricted the use of OpenAI's ChatGPT by employees.
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"Resilient" Isn't the Compliment You Think It Is

Harvard Business Review - 22 Mar 2023 14:05
Assuming that someone from a marginalized group has thicker skin is inherently insensitive and othering.
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Column: How DeSantis' attack on education draws from Ronald Reagan's war on UC Berkeley Ronald Reagan campaigned against 'leftist' professors 'indoctrinating' their students, and won. Ron DeSantis is trying the same trick.
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Despite Office Bans, Some Workers Still Want to Use ChatGPT

Wall Street Journal - 22 Mar 2023 14:00
Despite Office Bans, Some Workers Still Want to Use ChatGPT As bosses fret over generative AI, some employees are using it to stand out.
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'Greenwashing' Targeted in Latest European Regulatory Push

Wall Street Journal - 22 Mar 2023 13:56
'Greenwashing' Targeted in Latest European Regulatory Push European officials rolled out proposals aimed at forcing companies to back up environmental and sustainability claims they make over consumer products with scientific evidence.
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