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Business News

Location American Business News for 21 April 2023
Double-Digit Price Increases Bolster Profits at Procter & Gamble The consumer goods company raised prices 10 percent across its brands for a second straight quarter and said its profit margin had widened.
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Alec Baldwin Charges Dropped Because Of Trigger Malfunction, Report Says Baldwin was facing two counts of involuntary manslaughter.
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For Digital Publishers, Ad-Supported News Remains an Unsolved Puzzle On Thursday, in announcing the closure of BuzzFeed News, BuzzFeed chief executive Jonah Peretti concluded one of the most highly visible experiments in ad-supported digital newsgathering of the last two decades. The ambi...
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Apple Pay's Long Road to Paying Off Is Getting Shorter

Wall Street Journal - 21 Apr 2023 11:30
Splashy new financial offerings show that the world's most valuable company is charging further into the world of money. Its ambitious plans seem to be coming to fruition at just the right time.
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How AI will soon make spam more targeted

Fast Company - 21 Apr 2023 05:00
How AI will soon make spam more targeted Given your LinkedIn page, a few posts, and a profile image or two, LLM-armed spammers might make reasonably accurate guesses about your political leanings, marital status, or life priorities. Each day, messages from Nige...
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Commodity Strategist Warns US Economy Heading Toward 'Severe Deflationary Recession' Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, has warned that the U.S. economy is “heading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. "...
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Meta Will Slow Hiring, Won't Rule Out Future Layoffs

Wall Street Journal - 21 Apr 2023 00:39
Meta Will Slow Hiring, Won't Rule Out Future Layoffs Facebook-parent CEO Mark Zuckerberg said that approximately 4,000 employees, primarily in the company's tech divisions, were affected by the latest layoffs.
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Bitcoin Tumbles Below $28K on Coinbase Before Rallying BTC's price dipped to the lowest level since April 9. Ether also dropped, albeit less severely.
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Chinese Tesla rival XPeng revealed a sleek, quick-charging SUV with more range than the Model Y — see the G6 The XPeng G6 takes aim at Tesla's Model Y with an impressive, 469-mile range and lightning-fast charging capability.
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Activision and ESL Faceit Group signed a deal to add Call of Duty: Mobile to the Snapdragon Pro Series for 2 years, awarding $1.5M in 2023.
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Treasury Secretary Janet Yellen says financial regulators will seek to make it easier to subject nonbanks to closer oversight.
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Picking a Stock for the Year 2048

Wall Street Journal - 21 Apr 2023 17:01
Investment funds run by some college students are taking on an extraordinary challenge: Picking stocks for the next 25 years and then never trading them.
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Whole Foods cuts hundreds of corporate jobs, employee memo shows Whole Foods is eliminating several hundred corporate jobs over the next two months, the Amazon-owned grocer told employees in a memo on Thursday.
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Friday, April 21. Russia's War On Ukraine: News And Information From Ukraine Dispatches from Ukraine. Day 422.
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Instagram boss Adam Mosseri moving back to US as Meta layoffs hit London office: reports Some Meta employees had reportedly grumbled about top executives living abroad.
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This Couple Built an Obscure Corner of Sports Betting Into a Billion-Dollar Business Even before online wagering on sports was legal in the U.S., Anna Sainsbury and David Briggs predicted that gambling apps would need to know where their customers were. These days, almost no mobile betting happens withou...
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TWO Russian Crypto Laws Could Roll Out in June - Here's What You Need to Know About Them Russian lawmakers could finally end the country's long wait for crypto regulation - with two bills reportedly ready for adoption as early as June. One will seek to permit the use of crypto in overseas payments. The other...
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Bitcoin Lightning Network is 1,000x cheaper than Visa and MasterCard: Data Glassnode data demonstrates that the Lightning Network outcompetes traditional payment networks in terms of commission costs.
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'Dear Mama' Explores Close, Complex Relationship Between Tupac Shakur And His Mother Afeni The docu-series tells the story of mother and son -- she, a revolutionary who became a feminist darling of the '70s as a female leader in the Black Panther Party; and he, a rapper and poet, a political visionary and phil...
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More than one in six TransPennine Express trains cancelled in March Data from regulator shows TPE was worst-performing rail operator in UK, with almost 1,000 trains cancelled More than one in six TransPennine Express trains were cancelled in March, according to data from the rail regulat...
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Procter & Gamble beat earnings expectations as higher prices helped offset lower demand for its products.
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Meta workers grill Mark Zuckerberg over executive bonuses amid layoffs: 'Where is the accountability?' Meta employees demanded that CEO Mark Zuckerberg explain why top executives at Facebook’s parent company were given bonuses while thousands of their colleagues were being laid off, according to a report. "Why did the e...
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