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Business News

Location American Business News for 12 April 2023
Warner Bros Discovery to launch streaming service 'Max,' reveals pricing Warner Bros. Discovery is doing away with HBO Max.
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Maker of Purell Hand Sanitizer Seeks Buyer

Wall Street Journal - 12 Apr 2023 22:57
Gojo Industries hires JPMorgan to explore options.
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Inside America's Most Expensive Trailer Park, Where Mobile Homes Sell for Millions Once a tight-knit community of blue-collar locals, Paradise Cove Mobile Home Park has transformed into a hotspot for celebrities and other wealthy buyers looking for a slice of Malibu.
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People Are Sick and Tired of All Their Subscriptions

Wall Street Journal - 12 Apr 2023 11:30
Consumers are rethinking their relationship to subscriptions--and so are companies.
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Crypto execs have complaints about the SEC and CFTC. Here's how Chainalysis' policy head believes the industry can find common ground with US regulators. Caroline Malcolm, Chainalysis' policy head, says even crypto skeptics should have an interest in clearer US industry regulation for digital assets.
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American Views Of China Worsen; Distrust Of Its Social Media Platforms Is Widespread -- Pew Research Around four-in-10 Americans now see China as an enemy, up by 13 percentage points from a year ago
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Inflation Shows Signs of Cooling as Fed Weighs Next Move

The New York Times - 12 Apr 2023 15:58
Inflation Shows Signs of Cooling as Fed Weighs Next Move Consumer prices rose 5 percent in the year through March, a sharp slowdown from recent months. But there were still some troubling signs in the report, which complicates the Federal Reserve's plans for interest rates.
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U.S., China to Lead Growth in Government Debts

Wall Street Journal - 12 Apr 2023 14:00
U.S., China to Lead Growth in Government Debts Aging populations, climate measures and interest payments have added to government spending.
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Whole Foods closes San Francisco flagship store after a year, citing employee safety Whole Foods Market temporarily closed its flagship store in San Francisco over concerns about employee safety. The city still has eight other locations.
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Rise in job candidates 'suggests tide could be turning' in labour market The overall supply of candidates for jobs has increased for the first time in more than two years, a survey of recruiters suggests.
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Beijing launches war games around Taiwan and says French leader's comments reveal as misguided American foreign policy toward China.
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Judge Limits Fox's Options for Defense in Dominion Trial

The New York Times - 12 Apr 2023 00:17
Judge Limits Fox's Options for Defense in Dominion Trial A Delaware judge said Fox News could not argue newsworthiness to defend airing false claims, and limited how Dominion Voting Systems could refer to the Jan. 6 attack.
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A 31-year-old woman started her own trucking business with no money and made $1.4 million one year later. Here's how she did it. Brittany Traylor was a truck driver for five years before starting her own company with no money. She picked up freelance gigs to get her business going.
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'Burn Bra Challenge' gains momentum on TikTok in calls to boycott Nike over Dylan Mulvaney ads "All you real women out there - we are in the fight of all fights," the woman who goes by the TikTok handle "chatterbox.mama" said.
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Work As A Cultural Concept

Forbes - 12 Apr 2023 19:28
Work As A Cultural Concept Work has depth of meaning for our personal identity and fulfillment, but also because it is connected to survival, both on an individual level and at a societal level.
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What We're Getting Wrong In Today's Arguments Over Higher Education For many people, short-term credentials are a first step on a longer journey. Many need to go on to other credentials, including a bachelor's degree, to achieve long-term success in a rapidly changing world.
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Increasingly Unhinged Jim Jordan Subpoenas Himself

The New Yorker - 12 Apr 2023 16:45
The Ohio congressman warned that, if he refused to testify, he would have "no other choice" but to call for himself to be jailed.
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Consumer prices rose a scant 0.1% in March largely because of lower energy costs, but U.S. inflation more broadly was still high.
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NPR to Suspend Twitter Use After 'Government-Funded' Label

The New York Times - 12 Apr 2023 15:28
NPR to Suspend Twitter Use After 'Government-Funded' Label The broadcaster said that the label undermined its credibility "by falsely implying that we are not editorially independent."
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Walmart Closing Four Stores in Chicago, Citing Years of Losses

Wall Street Journal - 12 Apr 2023 15:09
Walmart Closing Four Stores in Chicago, Citing Years of Losses The country's largest retailer by revenue signals some pullback from large cities.
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Warren Buffett said there's a possibility that more U.S. banks could eventually fail, but he's extremely confident that no depositors will lose the money they have parked in the banking system. In fact, he's willing to b...
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The outflow from US real-estate stocks is the biggest since July 2021, according to Bank of America, as investors fret about the commercial property sector.
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