Economy

Gig companies are now obsessed with profits, not just revenue growth, an analyst says.

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For years, gig economy businesses grew at a breakneck pace, racking up losses in the hope that profits would one day roll in. But now these companies are focusing on profitability rather than growth, says Michael Morton, senior research analyst for Internet stocks at MoffettNathanson. “These companies are coming of age. Not where they don’t …

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US weekly jobless claims at nine-month low; productivity accelerates

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Weekly jobless claims fall by 3,000 to 183,000 Continuing claims decrease by 11,000 to 1.655 million Productivity accelerates at a rate of 3.0% in the fourth quarter Unit labor costs increase at a rate of 1.1% WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month …

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How Asia’s richest ex-man lost nearly $50 billion in just over a week

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Gautam Adani, billionaire and chairman of the Adani Group, speaks at an event at the Israeli port of Haifa on Tuesday. The Indian billionaire, whose business empire has been rocked by allegations of fraud by short seller Hindenburg Research, said his company would make more investments in Israel. Kobi Wolf/Bloomberg via Getty Images hide caption …

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Bangladesh asks Adani Power to review 2017 ‘excessive’ price pact: Report

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NEW DELHI: Authorities in Bangladesh have requested a review of an agreement with Adani Power Ltd to import electricity from a thermal power station in Jharkhand due to the “excessive” price of coal, according to a Bangladeshi media report. The Bangladesh Power Development Board (BPDB) signed a 25-year power purchase agreement (PPA) with Adani Power …

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Shell profits double to record $40 billion | CNN Business

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Hong Kong/London CNN — Shell made a record a profit of nearly $40 billion in 2022, more than double what it made the year before after oil and gas prices spiked following Ukraine’s invasion of Ukraine. Russia. Europe’s biggest oil company by revenue reported adjusted annual profit of $39.9 billion on Thursday – more than …

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David Bunevacz and his wife Jessica Rodriguez lived a life of luxury before being sentenced to 17 years in prison for a $35million fraud

How a Lamborghini Driving Scammer Scammed Dozens of Investors Out of $35 Million With Fake Weed

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David Bunevacz’s life seemed too good to be true. The handsome international sportsman, who represented UCLA and the Philippines in the decathlon, roared around Los Angeles in his yellow Lamborghini, heading home with his wife – a former model – and daughter – a model – for lavish parties in the mansion once owned by …

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A possible US ban on investing in Chinese technology could hurt these sectors

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The Biden administration has said the United States is competing with China and limiting the ability of American companies to sell high-end chip technologies to China. Bloomberg | Bloomberg | Getty Images BEIJING — A ban on U.S. investment in Chinese tech could increase market volatility — but some sectors could escape untouched, Bank of …

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grill and food

“I just hope we can find someone to buy it.” Owner reopens business while trying to sell it – East Idaho News

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SPENCER – A popular place to eat is open again after the owner said it was not selling. Spencer Grill and RV Park is off Interstate 15 near the Montana state line. Its proximity to many recreational sites, including Stoddard Creek Campground and Camas National Wildlife Refuge, makes it a tourist attraction for people from …

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Sen. Josh Hawley, R-Mo., joined at left by Sen. Tom Cotton, R-Ark.

Hawley wants to shield Social Security and Medicare from debt ceiling talks. Experts say it won’t work

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Sen. Josh Hawley, R-Mo., joined at left by Sen. Tom Cotton, R-Ark. J. Scott Applewhite Associated Press file photo Washington Sen. Josh Hawley introduced a bill Wednesday to prevent Congress from using Social Security and Medicare as a tool in negotiations over the debt ceiling, as some members of his party have talked about making …

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