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Robert Stack

Robert Stack

Robert Stack is a copy editor for ALM Media.

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January 04, 2023 | Daily Business Review

Credit-Reporting Firms Face More Scrutiny as Complaints Jump

Consumer 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 Spending

Salesforce 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 Travelers

The 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 December

Apple'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 Gains

Investors, 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 Slump

Only 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 Outlook

Crude 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 Injection

The 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 Recovery

Two 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 Miss

Tesla 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