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Business News

Location American Business News for 19 April 2023
New Punjabi film 'Carry On Jatta 3' to release on 29 June Post the pandemic, cinemagoers have been giving a tepid response to films in regional languages such as Marathi, Punjabi, Gujarati and Bengali.
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McDonald's Adds Big Mac Sauce Dip Cups To The Menu A saucy secret is out.
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The last overnight train between L.A. and S.F. ran in 1968. A startup wants to bring it back A luxury overnight train between Los Angeles and San Francisco would be a railway red-eye, but with private accommodations for people to sleep through the night.
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Reds Give Greene New Deal With Potential Value Of $96.2 Million Pitcher Hunter Greene, in his second big-league season, has signed a six-year extension with the Cincinnati Reds.
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Twitter Chief Elon Musk Tries to Reassure Advertisers

Wall Street Journal - 19 Apr 2023 00:25
Twitter Chief Elon Musk Tries to Reassure Advertisers The billionaire says he is receptive to brands' concerns but will give priority to free speech.
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Russia has a plan to sabotage European wind farms, gas pipelines, and internet cables, report say Russian vessels have been spying in Nordic waters, eyeing potential targets, a new investigation and the countries' intelligence services said.
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The agency described the breach to U.S. lawmakers as a major incident.
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GOP critics pile on DeSantis over Disney feud: 'I don't think Ron DeSantis is a conservative' Donald Trump, Chris Christie, and New Hampshire Governor Chris Sununu were among the Republican critics lambasting DeSantis for his attacks on Disney.
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As Possible Debt Limit Crisis Nears, Wall Street Shrugs

The New York Times - 19 Apr 2023 01:15
As Possible Debt Limit Crisis Nears, Wall Street Shrugs Few investors have focused on the possibility that Congress will not raise the nation's borrowing limit in time to avoid an economically catastrophic default.
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House Republicans Face Resistance Reviving Stablecoin Bill

Wall Street Journal - 19 Apr 2023 21:30
Lawmakers are at odds over how to regulate stablecoins as the fallout from FTX's collapse last year has left Democrats nervous about strengthening crypto's ties to the broader financial system.
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Mysterious glowing 'SpaceX spirals' in the night sky seem to be linked to rocket launches Large glowing spirals have appeared in the skies above Alaska, Hawaii, and New Zealand. SpaceX rockets may create more of them in the future.
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Facebook parent is in the midst of slashing 21,000 jobs as part of a 'year of efficiency.'
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Bernard Arnault, the French luxury tycoon, gathers his 5 kids monthly for a private work lunch and drills them on company strategy, report says BIllionare tycoon Bernard Arnault taught his five children to put the business first to avoid disagreements, according to The Wall Street Journal.
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The World's Richest Person Auditions His Five Children to Run LVMH, the Luxury Empire Bernard Arnault drilled his offspring in math when young, assigned them company roles and mentors as adults, then made them joint owners of a firm empowered to run the luxury conglomerate.
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Inside Paramount's 'High-Impact, Intimate' Upfront Dinners Paramount surprised the TV industry late last year when it announced it'd skip its decades-long upfront week event at Carnegie Hall. In place of the event, ad sales chief John Halley said the company would host a series ...
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Snap's AR is getting down to business

Fast Company - 19 Apr 2023 15:55
Snap's AR is getting down to business The tech behind Snapchat’s silly AR lenses is getting all-new uses, such as virtual Men’s Wearhouse try-ons and turning Coke machines into a form of entertainment. In a world in which augmented reality can feel like ...
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Morgan Stanley gets most of its revenue from wealth and investment management, steadier businesses that helped offset volatile trading and advisory results.
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Goals has raised $20M to fund development of its esports ready soccer game, continuing the trend of esports teams pursing game development.
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Google allows app developers to break away from Play billing system UK regulator asks for views on how move will work in practice, amid concern over tech firm's cut of in-app purchases Google is to let Android developers bypass in-app payments on its Play app store for the first time, in...
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The world won't decarbonise fast enough unless renewables make real money Governments must accept that green power is pricey
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Banks' Bond Losses Caused the Crisis. Now the Crisis Is Reversing the Losses. Bond yields have fallen since SVB's failure, trimming unrealized losses at lenders including Bank of America
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Goldman Sachs' David Solomon had the right idea. But that's only half the problem. David Solomon's initial plans for turning Goldman Sachs into a Main Street bank would have served the firm well as the M&A drought continues.
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