October 11, 2022 | Daily Business Review
Bang Billionaire's Empire of Caffeine Crashes Into BankruptcyA combination of legal damages, a failed distribution deal and stagnant sales has overwhelmed the Miami-based energy-drink maker and its founder, unraveling what some observers call the most improbable success story in the beverage industry.
By Anders Melin and Jeremy Hill
5 minute read
October 10, 2022 | Daily Business Review
Stocks Face Brutal Earnings Season With All Eyes on AppleApple, which has the heaviest weighting on the S&P 500, will provide insight into an array of key themes, such as consumer demand, supply chains, the effect of the soaring greenback and higher rates.
By Farah Elbahrawy
5 minute read
October 10, 2022 | Daily Business Review
The Most Powerful Buyers in Treasuries Are All Bailing at OnceFrom Japanese pensions and life insurers to foreign governments and U.S. commercial banks, where once they were lining up to get their hands on U.S. government debt, most have now stepped away.
By Liz Capo McCormick, Garfield Reynolds and Michael MacKenzie
7 minute read
October 10, 2022 | Daily Business Review
Parkland School Shooter May Have Been His Own Worst WitnessMarjory Stoneman Douglas High School shooter Nikolas Cruz's defense is that his birth mother's heavy drinking during pregnancy left him brain damaged.
By Terry Spencer
6 minute read
October 10, 2022 | Daily Business Review
Hurricane Ian Uninsured Flood Losses Could Top $10 BillionProperty owners face the possibility of cleaning up water damage without the financial backstop of insurance.
By Jim Saunders
4 minute read
October 07, 2022 | Daily Business Review
Biden Issues Pardons, Looks at Pot ReclassificationPresident Joe Biden called on authorities to look at removing marijuana from a federal list of dangerous "Schedule 1" drugs that includes drugs such as heroin and LSD.
By Dara Kam
6 minute read
October 07, 2022 | Daily Business Review
To Buy Twitter, Musk Has to Keep Banks, Investors on BoardExperts say Elon Musk faces huge obstacles to closing the $44 billion Twitter deal.
By Tom Krisher and Matt O'Brien
5 minute read
October 06, 2022 | Daily Business Review
Electric Car, Energy Tax-Credit Rules Fast-Tracked at TreasuryEquipment manufacturers, carmakers and energy investors are anxiously awaiting Treasury Department guidance, which will give them the road map for how to claim billions of dollars in new incentives.
By Laura Davison, Jennifer A. Dlouhy and Ari Natter
3 minute read
October 06, 2022 | Daily Business Review
Wall Street Warns Wishful Thinking Won't End Bear MarketRecent events in the U.K. and Australia suggest monetary officials will have to weigh their hawkish impulses against risks to economic and financial stability.
By Denitsa Tsekova
4 minute read
October 06, 2022 | Daily Business Review
Florida Lawmakers to Free Up More Hurricane Relief MoneyThe Joint Legislative Budget Commission will hold an emergency meeting next week to release an additional $360 million into the Emergency Preparedness and Response Fund, which was established this year with $500 million.
By Jim Turner
3 minute read
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