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Daily Business Review

Elon Musk's Twitter Quest Turns Tesla's Edge Into a Risk

Apart from Tesla and Twitter, Elon Musk's other ventures include Space Exploration Technologies Corp., or SpaceX, the tunnel construction company Boring Co. and neurotechnology firm Neuralink Corp.
5 minute read

Daily Business Review

US Backs Fossil Fuel Phase Down Pledge at Climate Summit

Climate envoy John Kerry emphasized the difficulty in reaching an agreement on a new program for providing technical assistance and financial aid to countries bearing the brunt of climate change.
4 minute read

Daily Business Review

Rent Stabilization Measures Win in US Midterm Election

In Florida, voters in Orange County, which includes Orlando, overwhelmingly passed a rent stabilization measure but a court ruling means it's unlikely to go into force.
5 minute read

Daily Business Review

Trump Strikes New Overseas Deal and Raises Old Ethics Issue

Unlike Donald Trump's build-and-own ventures earlier in his career, licensing offers a relatively easy and risk-free way to generate cash assuming his brand remains strong.
3 minute read

Daily Business Review

Size, Scope of FTX Failure Gets Clearer as Users Fear Worst

Other cryptocurrency firms are failing as a result of FTX's unraveling, events reminiscent of the dominolike meltdowns of the 2008 financial crisis.
5 minute read

New York Law Journal

Transacting in the Metaverse, But Getting Paid in Reality: Legal Considerations for Companies Establishing Payments Infrastructure

The metaverse is a new frontier in the digital space that is still being molded into form. What considerations should a company be aware of when determining whether they should enter the metaverse to establish a virtual store and sell or license 'merchandise' or services in a virtual reality world?
8 minute read

Daily Business Review

Fed Seen Sticking With Higher Peak Rate Despite Cooler Inflation

Federal Reserve officials remain resolute to continue their fight against inflation and not prematurely halt rate hikes in order to ensure a return to the 2% target, even as they acknowledge the economy could suffer pain and a possible recession.
4 minute read

Daily Business Review

Producer Prices Cool by More Than Forecast on Heels of CPI

After peaking in March at 11.7% on an annual basis, producer price growth has moderated amid improving supply chains, softer demand and a weakening in many commodities prices.
3 minute read

Daily Business Review

FTX Wrangles a Million Creditors Amid Chaotic Collapse

FTX and its trading arm, Alameda Research, plunged into bankruptcy after facing "a severe liquidity crisis," according to bankruptcy court filings.
3 minute read

Daily Business Review

Insurance Pressures Continue After Hurricane Nicole

CoreLogic, a property-information and analytics firm, released an early estimate that said Hurricane Nicole's privately insured losses will be around $750 million.
5 minute read

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