Author: Press Room
Japan’s workers still aren’t getting paid enough to keep up with rising prices. That’s hurting living standards and creating a major headache for the country’s new central bank chief as he marks his first week on the job. Adjusted for inflation, wages slipped 2.6% in February, compared to the same month a year earlier, according to government data released last week. That marked nearly a year -— 11 straight months — of declines despite a major campaign by Prime Minister Fumio Kishida to hike compensation. Economists say the issue will likely continue to dog the Bank of Japan’s new governor,…
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Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.The allegedly fraudulent casino has been accused of everything from illegal operations to scamming its own players.In the latest of a string of allegations, Rollbit, a notorious online casino, appears to be operating illegally. Historically, it has stood accused of everything from fraudulent influencer marketing, imposing undisclosed fees on their players, and even price manipulation of their own NFTs. The most recent accusation they face may be the most damaging yet: they are illegally operating following the removal of their license. These accusations are not surprising, given that…
CFO stack (expense management, next-gen FP&A) Potential sellers: Zip ($1.2 billion valuation in May 2022, per TechCrunch); Tradeshift ($2 billion-plus in December 2021, per TechCrunch); Melio ($4 billion in September 2021, per Reuters); Ramp ($8.1 billion in March 2022, per Reuters)Potential buyers: BILL; Anaplan; Adaptive; Coupa; Duck Creek; Avalara What it is: The CFO stack is a toolkit that chief financial officers use to manage the financial operations of a company. Why it’s on the market: Specifically within the CFO stack, tech connected to billing and financial planning and analysis (FP&A) are up for grabs, according to the partner at the California…
On the night of December 5, the president of the Amazon Labor Union pummeled another union member. He did it in front of the only Amazon warehouse to vote in favor of unionization.As Christian Smalls landed blows to James “Most” Daley’s upper body, Derrick Palmer, the union’s vice president, tried to hold Daley back, a video of the incident obtained by Insider shows.”Ain’t that supposed to be our union rep, acting like a damn fool out there?” a bystander said as the fight broke up. “Did you all vote for the union? Really? Really?” The whole thing had gone down…
Back in early-2018, I highlighted a quartet of stocks that had seen a surge in their prices that was far more significant than could be justified by their underlying business trends. That group was McDonald’s (MCD), Caterpillar (CAT), Boeing (BA), and 3M (MMM) (MCBM). In the two years leading up to January of 2018, these stocks had dramatically outperformed not just the broad stock market but even the popular FANG stocks despite the fact that their underlying business trends were far less exciting. For this reason, I dubbed them “The Fantastic Four.” On the surface, the fact that these “blue…
Royal Bank of Canada has emerged as the biggest financier of the fossil fuel industry in 2022, knocking JPMorgan from the top spot, as Canadian banks increasingly take on the role as the “lenders of last resort” for controversial carbon-intensive projects.An annual report on fossil fuel financing by a coalition of campaign groups organised by the Rainforest Action Network found that RBC extended $42.1bn in funding to fossil fuel companies and projects in 2022, including $4.8bn for tar sands. Scotiabank, another Canadian bank, also appeared in the list of the top 10 financiers. The researchers said Canadian banks were becoming…
It’s a different week but a similar story for Donald Trump. He’s due back in New York on Thursday under a dark legal cloud to answer more questions about his conduct, a week after becoming the first ex-president to be charged with a crime. Last week, Trump pleaded not guilty in a case arising from a hush money payment to an adult film star. He’s expected back in the city where he made his name to give a deposition in a separate civil case alleging that he and three of his adult children falsified Trump Organization accounts in a years-long…
U.S. inflation reports are no longer eliciting the outsize swings in U.S. stocks that investors witnessed during 2022. One longtime stock-market strategist and trader offered an explanation in an interview with MarketWatch. After more than a decade of near-irrelevance, monthly reports on consumer-price inflation emerged as marquee events for markets last year, surpassing even the monthly nonfarm payrolls number released by the Department of Labor in terms of their impact. The… Read the full article here
The Manhattan home of the late Anne Eisenhower, an interior designer and the granddaughter of former president Dwight D. Eisenhower, has hit the market for $5.75 million. The Upper East Side co-op, located on Park Avenue between East 72nd and East 73rd streets, has a “prime corner location, on one of the most beautiful tree-lined residential boulevards of Manhattan,” according to John Burger, a Brown Harris Stevens agent who listed the apartment on Friday. “The proportions and scale of the rooms, combined with its 10-foot ceilings, puts it in a league of its own,” Mr. Burger said in an email.…
