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Business News

Location American Business News for 18 May 2023
Ukrainian frontline commander 'Witch' explains why they're so determined to hold on to Bakhmut: 'We are exhausting them morally and psychologically' Having fought for months in Bakhmut, Ukrainian platoon commander Olga Bigar outlined why it makes no sense to give up the closely-fought city now.
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Era of 'massive' UK house price rises nearing end, says OBR economist David Miles says working from home, stalling population growth and higher interest rates will shape market The era of "massive" house price rises in the UK may be about to end, according to a senior economist at the gove...
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Jia Tolentino and Stephania Taladrid on a Year Without Roe v. Wade The staff writers return to The Political Scene to discuss the state of abortion rights and what has changed since the Dobbs decision.
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Why Wealthy Homebuyers Are Flocking to Puerto Rico

Wall Street Journal - 18 May 2023 11:30
Why Wealthy Homebuyers Are Flocking to Puerto Rico Favorable tax policies, warm weather and a shift to remote work has transformed the island into a full-time destination.
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Meta and BMW Partner to Create AR and VR Experiences for the Passenger Seat - Is the Metaverse Making a Comeback? Facebook and Instagram owner Meta and German car giant BMW have revealed progress in their joint exploration of how augmented and virtual reality technology can work inside a fast-moving vehicle. Meta is continuing on it...
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Watch the world's biggest plane take off into the sky, as the Stratolaunch Roc successfully completes its first drop test The Stratolaunch Roc — the world's biggest plane — recently took off from the Mojave Desert and completed its first-ever drop test for the Talon-A.
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As Oil Giants Retreat Globally, Smaller Players Rush In

Wall Street Journal - 18 May 2023 08:00
Energy companies such as BP, TotalEnergies and Chevron are shifting to cleaner projects, creating an opening for independent and private companies to buy up their operations or push ahead with exploration.
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Is Pneumonia Front The New 'It' Weather Term? You probably heard the term "pneumonia front" this week. Here's what it means and why it is not a recent media creation.
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Happy 50th Birthday, Hip Hop. You Transformed Culture In 1973, hip-hop was born. Fifty years ago at a party in the Bronx, roots were planted that, unbeknownst to the world at the time, would sprout a cultural movement that would change the trajectory of the music industry f...
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Pakistan Finance Minister Says Country Will Never Legalize Crypto, Cites FATF Regulations Pakistan Finance Minister has said the country will not legalize crypto trading, citing regulations by the Financial Action Task Force (FATF). On Wednesday, Pakistan Minister of State for Finance Aisha Ghaus said the gov...
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Burberry's Makeover Is Long and Slow

Wall Street Journal - 18 May 2023 14:31
Burberry's Makeover Is Long and Slow Reviving a fashion label that has lost its mojo doesn't happen overnight. But half a decade in, the results of Burberry's revamp are only middling.
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Voyager Digital to Start Repaying Frozen Crypto Funds After Court Approval Bankrupt crypto lender Voyager Digital has won court approval to self-liquidate assets and start repaying customers a portion of their frozen funds. On Wednesday, US Bankruptcy Judge Michael Wiles approved Voyager's liqu...
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Ukraine is embarking on a corruption crackdown as the country hopes to join the European and NATO amid a costly war waged by Russia.
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Crypto Perpetuals Exchange DYdX Considering the Launch of More SubDAOs The conversation was initiated to promote more decentralization within the dYdX ecosystem ahead of its v4 upgrade.
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Lazard CEO Ken Jacobs Prepares to Step Down

Wall Street Journal - 18 May 2023 22:48
Lazard CEO Ken Jacobs Prepares to Step Down Advisory-unit chief Peter Orszag is expected to be the new head of the deal-advisory, asset-management firm.
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Bitcoin Price Prediction as Bitcoin Mining Difficulty Reaches New All-Time High - BTC Adoption on the Rise? As Bitcoin mining difficulty hits an unprecedented high, the cryptocurrency's future price trajectory comes into focus. The rising complexity of mining operations indicates a robust network and heightened interest in Bit...
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A Meta Platforms Leak Put Powerful AI in the Hands of Everyone

Wall Street Journal - 18 May 2023 18:54
A Meta Platforms Leak Put Powerful AI in the Hands of Everyone Meta in February started giving a limited number of researchers access to advanced AI language software it had developed to enable chatbots similar to ChatGPT. But someone posted the code publicly, spurring the emergence...
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Bud Light maker stripped of LGBTQ+ rating for caving to Dylan Mulvaney backlash Human Rights Campaign says it's taking action against Anheuser-Busch over its handling of the conservative backlash to trans influencer Dylan Mulvaney      
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"After a decade-plus of driving the automotive equivalent of a plateful of boiled spinach, the new car has captured my imagination."
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Sam Zell, a legendary real estate investor who made billions scooping up distressed commercial properties, has died at 81.
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A Simple Way to Get People to Donate More to a Charity

Wall Street Journal - 18 May 2023 17:45
A new study says that just by offering people suggested amounts, they are more likely to give.
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FATF President Calls on G-7 To Take the Lead To Regulate Crypto Ahead of Japan Summit The president of a global money laundering and terrorist financing watchdog is calling on the G-7 to put an end to "lawless spaces" and to take the lead to regulate cryptocurrencies. Financial Action Task Force President...
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