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Wall Street Bonuses Fall by Most Since 2008
Finances

Wall Street Bonuses Fall by Most Since 2008

The average bonus was $176,000 last year, down 26% from 2021. Source link

Jack Ma Engineered Alibaba's Breakup From Overseas
Business

Jack Ma Engineered Alibaba's Breakup From Overseas

The Chinese billionaire used his influence within Alibaba Group, the e-commerce empire he built, to orchestrate its breakup plans, people familiar with the matter said.

Warehouses Find Insulation From U.S. Banking Crisis
Business

Warehouses Find Insulation From U.S. Banking Crisis

Tight capacity, high leasing rates offer guardrails for industrial real estate, executives say. Source link

Apple Wants to Solve One of Music's Biggest Problems
Business

Apple Wants to Solve One of Music's Biggest Problems

Forget the metaverse. The future is metadata. It’s how the world’s most valuable company built a better way of listening to Mozart and Beethoven. Source

Musk's Change to Twitter's Blue Check Mark Angers Celebrities
Business

Musk's Change to Twitter's Blue Check Mark Angers Celebrities

William Shatner, Jason Alexander and Monica Lewinsky criticize move to tie a social-media status symbol to platform subscriptions. Source link

Green-Energy Winners and Casualties Are Becoming Easier to Spot
Finances

Green-Energy Winners and Casualties Are Becoming Easier to Spot

The European Union just moved an important step closer to turning its climate ambitions into law. The impact will be felt well beyond the energy

Huawei's Meng Steps Closer to U.S.-China Tech War Frontline
Business

Huawei's Meng Steps Closer to U.S.-China Tech War Frontline

Meng Wanzhou, the telecoms company’s finance chief, is set to serve as rotating chairwoman, 18 months after securing her freedom in a prisoner swap. Source

New Corporate Minimum Tax Could Ensnare Some Firms Over One-Time Moves
Business

New Corporate Minimum Tax Could Ensnare Some Firms Over One-Time Moves

Companies including CenterPoint Energy and American Water Works seek government guidance on how the sale of a business unit might trigger the 15% levy. Source

TikTok's Behind-the-Scenes Help in Washington: Former Obama, Disney Advisers
Business

TikTok's Behind-the-Scenes Help in Washington: Former Obama, Disney Advisers

Zenia Mucha, Jim Messina and David Plouffe were brought on to advise the video app’s CEO on handling U.S. criticism over its China ties. Source

U.S., South Korea Vie Over Extradition of Crypto Fugitive Do Kwon
Finances

U.S., South Korea Vie Over Extradition of Crypto Fugitive Do Kwon

Markets Currencies Cryptocurrency Both countries are asking Montenegro to hand over the creator of the failed TerraUSD stablecoin to face criminal charges Source link