29 top business headlines on Wed Nov 16, 2022

1. Hong Kong stocks drop 2% as Tencent slashes Meituan stake; Japan posts $15 billion trade deficit - CNBC

   

   CNBC (November 16, 2022, 9:33 pm) - Shares in the Asia-Pacific trade mixed as a number of economic data is released in the region. Economic leaders are slated to meet in Bangkok, Thailand. Read more

2. Colorado wants drivers to switch to electric vehicles - CBS Colorado

   

   YouTube (November 16, 2022, 9:28 pm) - Colorado's Energy Office, a state agency, says switching could save you money, thanks to incentives from the government. Read more

3. Credit Suisse: 'Underweight' Stocks, Commodities, Emerging Currencies - Bloomberg Markets and Finance

   

   YouTube (November 16, 2022, 9:20 pm) - Suresh Tantia, senior investment strategist at Credit Suisse, discusses the outlook for financial assets and his strategy. He also talks about the prospects ... Read more

4. Aussie's Bali restaurant warning backfires - news.com.au

   

   News.com.au (November 16, 2022, 9:03 pm) -

   An Australian woman has claimed staff at a popular Bali restaurant refused to serve her after she revealed she had a nut allergy.

   Read more

5. "Some Roles Will No Longer Be Required": Amazon Begins Mass Layoffs - NDTV

   

   NDTV News (November 16, 2022, 8:39 pm) - Amazon has begun the process of cutting jobs across the company this week, US media reports said on Wednesday. Read more

6. Jobless rate falls, defying predictions of a rise in unemployment - ABC News

   

   ABC News (AU) (November 16, 2022, 8:18 pm) - Australia's unemployment rate falls back to 3.4 per cent, defying economist expectations of an increase to 3.6 per cent. Read more

7. Tesla board member says Elon Musk identified potential successor as CEO - Reuters.com

   

   Reuters (November 16, 2022, 8:16 pm) - James Murdoch, a Tesla Inc (TSLA.O) director, testified in court on Wednesday that CEO Elon Musk has in the last few months identified someone as a potential successor to head the electric… Read more

8. Profits for Chile's SQM surge more than ten fold in third quarter - Reuters.com

   

   Reuters (November 16, 2022, 8:00 pm) - Chilean miner SQM, the world's No. 2 lithium producer, posted on Wednesday a ten-fold jump in third-quarter net profit compared to the year-ago period, landing at $1.1 billion and boosted by sky-rocketing lithium prices and record sales volumes. Read more

9. Astronomer in Twitter limbo over 'intimate' meteor - BBC

   

   BBC News (November 16, 2022, 7:54 pm) - An animated video of a meteor shower shared by Mary McIntyre was banned by Twitter's automated tools. Read more

10. Wall Street ends down after Target outlook, Micron supply cut By Reuters - Investing.com

    

    Investing.com (November 16, 2022, 7:51 pm) - Wall Street ends down after Target outlook, Micron supply cut Read more

11. I invested in crypto but I'm glad it's crashed - Sydney Morning Herald

    

    The Sydney Morning Herald (November 16, 2022, 7:44 pm) - I'd be lying if I said I wasn't enjoying it, just a tiny bit. Watching the cryptocurrency house of cards folding one by one is an exercise in schadenfreude. Read more

12. Target faces mammoth global disaster - news.com.au

    

    News.com.au (November 16, 2022, 7:38 pm) -

    US retailer Target suffered a 52 per drop to its profits in the September quarter and has warned that it also expects a slump in its Christmas sales compared to last year.

    Read more

13. Elon Musk says he will find a new leader for Twitter - Reuters

    

    Reuters (November 16, 2022, 7:30 pm) - Elon Musk said on Wednesday he expected to reduce his time at Twitter and eventually find a new leader to run the social media company, adding that he hoped to complete an organizational restructuring this week. Read more

14. Dow Jones Futures: Cisco, Nvidia Move On Earnings; Key Recession Signal Intensifies | Investor's Business Daily - Investor's Business Daily

    

    Investor's Business Daily (November 16, 2022, 7:28 pm) - Stocks fell on big warnings and the yield curve inverting further. Read more

15. Tom Brady, Giselle Bündchen, Larry David & Steph Curry Caught In FTX Crypto Fallout With Class Action Suit - Deadline

    

    Deadline (November 16, 2022, 7:23 pm) - "I'm never wrong about this stuff, never," said a dismissive and scoffing Larry David earlier this year in that now infamous Super Bowl ad for investing in cryptocurrency exchange FTX. While the Seinfeld co-creator rejected the wheel, coffee, the U.S. Constit… Read more

16. Crypto Report: FTX and Centralized Lending - Bloomberg Technology

    

    YouTube (November 16, 2022, 7:09 pm) - Gauntlet Networks CEO and Co-Founder Tarun Chitra joins Ed Ludlow to discuss the FTX collapse and the difference between centralized lending vs. decentralize... Read more

17. Kmart giving shoppers money off next shop - news.com.au

    

    News.com.au (November 16, 2022, 7:07 pm) -

    Major department store Kmart has revealed it will have a rewards program – but customers will have to get in for the two-month offer.

    Read more

18. Vegan 'cheese' market booms as demand grows - BBC

    

    BBC News (November 16, 2022, 7:03 pm) - As more people turn to non-dairy alternatives, vegan 'cheese' sales are taking off around the world. Read more

19. Aldi's 29p mince pie a close second to Waitrose's winner in blind taste test - The Guardian

    

    The Guardian (November 16, 2022, 7:01 pm) - Waitrose's No 1 Brown Butter pies wowed with their 'buttery aroma', while Aldi's, at half the price, scored just one point less Read more

20. Temasek to write down US$275 million investment in cryptocurrency exchange FTX - CNA

    

    CNA (November 16, 2022, 6:59 pm) - "It is apparent from this investment that perhaps our belief in the actions, judgment and leadership of Sam Bankman-Fried ... would appear to have been misplaced," Temasek said. Read more

21. What it's like working as an Account Executive at Kinaxis - Jennifer - Kinaxis

    

    YouTube (November 16, 2022, 6:37 pm) - Are you looking to join a fast-growing business on track for continued growth and success? At Kinaxis, we offer unique opportunities for top talent to work w... Read more

22. Cisco Stock Gains on Earnings. Layoffs Are Coming. - Barron's

    

    Barron's (November 16, 2022, 6:33 pm) - Cisco's solid October quarter results are a positive signal for the enterprise infrastructure market. Read more

23. Tiny house builder liquidated, uncertainty over homes under construction, 15 staff going - New Zealand Herald

    

    New Zealand Herald (November 16, 2022, 6:32 pm) - Difficult times as Covid and stock problems strike tiny homes business. Read more

24. Gaming Pros Battle Elon Musk's Twitter While Ditching Bankrupt Crypto Sponsor - Kotaku

    

    Kotaku (November 16, 2022, 6:30 pm) - TSM tried to cut ties with crypto exchange FTX but the Tesla-owner's online hellscape had other ideas Read more

25. Major change coming to beloved lolly - news.com.au

    

    News.com.au (November 16, 2022, 6:27 pm) -

    The beloved jelly bean has been turned 100 per cent plant-based by confectioner Allen's – and vegans are jumping for joy as they can eat the sweet treat for the first time.

    Read more

26. Jim Cramer says the Fed should consider retail earnings over economic data for its inflation strategy - CNBC

    

    CNBC (November 16, 2022, 6:20 pm) - Stocks slumped on Wednesday after Target reported a sales decline. Read more

27. Which banks have passed on the November RBA rate rise to mortgage borrowers? What's in it for savers? - ABC News

    

    ABC News (AU) (November 16, 2022, 6:19 pm) - The big four banks have all passed on the Reserve Bank's interest rate rise in full to mortgage customers, but it's a different story for those with savings accounts. Read more

28. Check Out Stephanie Onukwugha, Business Development Strategist - Channels Television

    

    YouTube (November 16, 2022, 6:14 pm) - Stephanie Onukwugha is a Business Development and Strategy Expert organising masterclasses for aspiring entrepreneurs to become successful business owners in... Read more

29. Nigerian Cryptocurrency Startup Loses Stable Coins to FTX Collapse - TVC News Nigeria

    

    YouTube (November 16, 2022, 5:54 pm) - Nigerian crypto startup, Nestcoin, says it has lost its stable coins to the collapse of FTX, the second-largest cryptocurrency exchange in the world.Accordin... Read more