January 04, 2023 | Daily Business Review
Credit-Reporting Firms Face More Scrutiny as Complaints JumpConsumer complaints are one indicator of whether markets are serving consumers, and "complaints about credit reporting suggest that the system increasingly is not," the Consumer Financial Protection Bureau said.
By Paige Smith
3 minute read
January 04, 2023 | Daily Business Review
Salesforce's 10% Staff Cut Highlights Slowdown in Tech SpendingSalesforce said it hired too many people during the pandemic-fueled boom and is adjusting to more cautious spending by customers.
By Brody Ford
4 minute read
January 04, 2023 | Daily Business Review
Airlines Slam 'Knee-Jerk' COVID Plan for Chinese TravelersThe International Air Transport Association said that travel restrictions have been proved ineffective in stemming the pandemic over the past three years.
By Christopher Jasper
2 minute read
January 04, 2023 | Daily Business Review
Apple's Stock Loses Its Shine After Ugly Month of DecemberApple's strength was rooted in its massive capital returns to shareholders through buybacks and dividends and the belief that its hard-to-leave ecosystem of loyal customers would insulate the company in a potential recession.
By Jeran Wittenstein
4 minute read
January 03, 2023 | Daily Business Review
Tech Continues to Pummel US Stocks; Dollar GainsInvestors, still cautious after their wagers missed the mark in 2022, expect a volatile year of trading as uncertainty about the U.S. economy persists.
By Vildana Hajric and Isabelle Lee
3 minute read
January 03, 2023 | Daily Business Review
Dollar Makes Strong Start to 2023 After Monthslong SlumpOnly the Japanese yen proved stronger than the greenback among Group-of-10 currencies, with the Norwegian krone, euro and Swiss franc falling sharply.
By Alice Gledhill
3 minute read
January 03, 2023 | Daily Business Review
Oil Declines With Focus on Stronger Dollar and China OutlookCrude eked out a small gain in 2022 in a year that was marked by huge volatility.
By Yongchang Chin and Alex Longley
2 minute read
January 03, 2023 | Daily Business Review
Blackstone's BREIT Gets $4 Billion California InjectionThe University of California has a long-standing relationship with Blackstone, investing $2 billion in the private equity firm's funds for more than a decade.
By Dawn Lim
3 minute read
January 03, 2023 | Daily Business Review
Inflation Won't Stop Auto Sales Growth Amid Chip RecoveryTwo years of semiconductor shortages and supply problems have kept vehicle production low and inventories lean.
By Gabrielle Coppola
5 minute read
January 03, 2023 | Daily Business Review
Tesla Tumbles Most in S&P 500 After 3rd Straight Delivery MissTesla increased deliveries by 40% to 1.31 million last year, shy of the 50% average annual growth rate the company has said it expects to achieve over multiple years.
By Dana Hull
4 minute read
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