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Business News

Location American Business News for 27 July 2023
Hollywood strike: Why writers, actors protesting in the US. EXPLAINER US entertainment industry hit by strikes as actors and writers demand fair compensation and protection from AI. Hollywood productions impacted as writers' strike continues. Studios and unions in stalemate over core issue...
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Reddit Introduces Largest Gen 4 Collectible NFT Avatar Series 'Retro Reimagined' with Iconic Snoo Character Reddit has released the Gen 4 Collectible Avatar series, the largest addition to its limited-edition non-fungible token (NFT) collection yet. GEN 4, titled "Retro Reimagined", is live in the Shop, the Wednesday announcem...
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The Crossword: Thursday, July 27, 2023

The New Yorker - 27 Jul 2023 12:00
The Crossword: Thursday, July 27, 2023 Casual denial: three letters.
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WOW, The New Cultural District Is A Wine Lovers Playground One of the largest ever wine-focused immersive projects ever launched is thriving and becoming a major tourist draw in Porto, Portugal.
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Anheuser-Busch to lay off hundreds of US corporate workers after Bud Light campaign disaster About 380 staffers at Anheuser-Busch's corporate offices in St. Louis, New York and Los Angeles are set to be laid off.
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Amazon Expands Managed Blockchain Services

Coin Desk - 27 Jul 2023 15:00
Amazon Expands Managed Blockchain Services The tech giant moves deeper into Web3 infrastructure with AMB Access and Query services for developers.
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The family members face years behind bars after prosecutors accused them of illegally importing 178 tons of cans and bottles from Arizona.
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If Biden stays out of trouble for two years, prosecutors would take a felony gun charge off the table.
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"We do not have a problem of a shortfall of jobs ... We do have a problem with costs."
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Check out a ghost town of deserted Chinese mansions

Business Insider - 27 Jul 2023 21:23
Check out a ghost town of deserted Chinese mansions Farmers are growing crops and raising cattle in a "ghost town" built for millionaires.
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Sen. Mitch McConnell froze at a press conference on Wednesday. Years ago, the Kentucky GOP made sure if he steps down, a Republican must replace him.
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Anheuser-Busch InBev is planning to cut jobs in the U.S. after a sharp deterioration in sales following a boycott that's still impacting Bud Light.
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US House Financial Services Committee Approves First Crypto Regulatory Framework Bill A key US House Committee on Wednesday passed a bipartisan bill to ensure regulatory clarity for cryptocurrencies. The House Financial Services Committee approved a Republican-led bill in a 35-15 vote, with support from s...
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Mattel Needs Barbie's Movie Magic to Lift Toy Sales

Wall Street Journal - 27 Jul 2023 01:17
Mattel Needs Barbie's Movie Magic to Lift Toy Sales Partnerships and marketing blitz aim to power company past decline in quarterly sales and earnings.
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McDonald's stock jumps as Grimace's purple milkshake boosts sales McDonald's revenue for the second quarter was $6.5 billion, and its chief executive attributed the success to Grimace, the ultra-popular McDonaldland character that the chain celebrated with a limited-edition shake last ...
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Apple CEO Tim Cook was denied his company's credit card: report The snafu was one of several problems that festered between Apple and its partner in the project, Goldman Sachs.
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Earned wage access: Early payday or payday loan?

American Banker - 27 Jul 2023 17:10
Fintechs created earned wage access so cash-strapped employees could get an advance on their next paycheck to cover urgent expenses. Some say repeat usage of fee-based EWA resembles a payday loan, sparking debate over wh...
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SEC Adopts New Cybersecurity Disclosure Rules Board of directors should start preparing now to ensure that their companies are in compliance with the new rules.
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Ortho Doctor Outlines When Chiefs Playmaker Kadarius Toney Can Return If the wide receiver's knee meniscus was snipped out, he can be back by Week One. If doctors had to repair it, he'll likely be out until November.
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Debt prevention start-up lands funding as mortgage crisis grows A consumer debt advice start-up aimed at helping Britons weather the cost-of-living crisis has secured external funding ahead of its public launch.
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'Bond King' Bill Gross says he's dumping 80% of his regional bank holdings after making 'mucho bucks' in just three months The so-called "Bond King" snapped up cheap shares in PacWest and Western Alliance just three months ago when turmoil in the banking sector broke out.
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White House Says US Policy Allows Partners to Seek BRICS Membership The White House has affirmed that U.S. policy does not ask partners to choose between the U.S. and other countries, including the BRICS nations. "The U.S. does not want to limit countries' partnership with other countrie...
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