21 top business headlines on Sat Dec 17, 2022

1. Goldman Sachs planning to cut up to 4,000 employees as Wall Street lay-offs intensify - ABC News

   

   ABC News (AU) (December 17, 2022, 7:04 pm) - The multinational investment bank is preparing to cut thousands of employees to navigate a difficult economic environment, a source familiar with the move says. Read more

2. 'Mild' recession expected in 2023 | NJ Business Beat - NJ Spotlight News

   

   YouTube (December 17, 2022, 7:00 pm) - Inflation is still a major issue and interest rates are on the rise. Economists have been using the dreaded R word: recession. However, some believe this rec... Read more

3. American Airlines is dropping regional carrier Mesa, citing financial and operational problems - CNBC

   

   CNBC (December 17, 2022, 7:00 pm) - American Airlines said its final flight with Arizona-based Mesa Air will be on April 3. Read more

4. Sam Bankman-Fried will now surrender himself for extradition before Bahamian court Monday: Source - CNBC

   

   CNBC (December 17, 2022, 6:34 pm) - Founder and former FTX CEO Sam Bankman-Fried will not contest extradition to the U.S. in an about face just days after being remanded to Bahamas prison. Read more

5. Ending 'gas dependency' key to slashing power bills, grid chief says - 9News

   

   9News (December 17, 2022, 6:27 pm) -

   Australia must accelerate its transition to renewable energy if it wants to avoid future price shocks, the head of the Australian Energy Market Operator (AEMO) warned today.

   Read more

6. What happens to clothes, bags and toys when they get recycled? - CNA

   

   YouTube (December 17, 2022, 6:15 pm) - Ever wondered what happens to your unwanted clothes, bags and toys after you drop them off for recycling? We followed their journey from yellow recycling bin... Read more

7. Tesla Semi for Frito Lay spotted cruising down the highway - TESLARATI

   

   Teslarati (December 17, 2022, 6:13 pm) - A Tesla Semi that was recently delivered to PepsiCo and Frito-Lay was seen cruising down the highway over the weekend. Read more

8. Mortgage rates fall for fifth straight week - CBS Pittsburgh

   

   YouTube (December 17, 2022, 5:45 pm) - The average rate for a 30-year fixed mortgage is now 6.31%. Read more

9. Sam Bankman-Fried will now reverse his decision to fight extradition to the U.S.: Report - Fortune

   

   Fortune (December 17, 2022, 5:45 pm) - The FTX founder was arrested on Monday in the Bahamas and denied bail, with the judge deeming him a flight risk. Read more

10. Alarm sounded on deadly Christmas toys - news.com.au

    

    News.com.au (December 17, 2022, 5:33 pm) -

    Christmas decorations and small children's toys are under heavy scrutiny as parents are warned to make sure none of the items on their trees or in stockings have been recalled.

    Read more

11. Meta staff came to Singapore on employment passes only to be retrenched months later - CNA

    

    CNA (December 17, 2022, 5:05 pm) - Two employees who were laid off in the Facebook parent's global cuts tell CNA how they are scrambling to find jobs before their short-term visit passes expire. Read more

12. Grid Bottlenecks Could Derail Europe's Renewable Energy Boom - OilPrice.com

    

    OilPrice.com (December 17, 2022, 5:00 pm) - Europe's renewable industry is booming, but the region needs to double down on grid investments in order to meet its decarbonization goals Read more

13. Exclusive: L3Harris nears $4.7 billion deal to acquire Aerojet Rocketdyne - Reuters

    

    Reuters (December 17, 2022, 4:58 pm) - L3Harris Technologies Inc (LHX.N) is nearing a $4.7 billion deal to acquire U.S. rocket maker Aerojet Rocketdyne Holdings Inc Read more

14. Sam Bankman-Fried seeks to reverse decision on contesting extradition: Report - Cointelegraph

    

    Cointelegraph (December 17, 2022, 4:54 pm) - Sam Bankaman-Fried is expected to appear in court in the Bahamas to reverse decision about contesting extradition. Read more

15. Binance Coin (BNB) Price Analysis for December 17 - U.Today

    

    U.Today (December 17, 2022, 4:35 pm) - Has Binance Coin (BNB) found local bottom yet? Read more

16. Two Seasonal Trends To Watch In 2023 - Forbes

    

    Forbes (December 17, 2022, 4:11 pm) - The Viper Report's Tom Aspray, a long time follower of seasonal analysis, is aware of the most common mistakes made by traders and investors. He shares his methodology for two markets with strong seasonal patterns that he thinks should be monitored in 2023. Read more

17. Former Disney chief Bob Chapek ousted after CFO worked behind his back, report say - Fox Business

    

    Fox Business (December 17, 2022, 4:09 pm) - Former Disney CEO Bob Chapek was reportedly ousted and replaced following actions by the company's Chief Financial Officer, Christine McCarthy, and other executives. Read more

18. Sam Bankman-Fried WON'T contest extradition to US - Daily Mail

    

    Daily Mail (December 17, 2022, 4:07 pm) - Sam Bankman-Fried will not contest his extradition to the US, as a surprising picture emerged of the co-chief executive of FTX Digital Markets, the company's subsidiary in the Bahamas. Read more

19. 6 Facts About the New Ferrari Purosangue That Make Us Want One Even More - MotorBiscuit

    

    Motorbiscuit.com (December 17, 2022, 3:45 pm) - What makes the Ferrari Pursoangue so special? Read more

20. Intel backs out of planned construction start date for chip plant in Germany: Report - POLITICO Europe

    

    POLITICO.eu (December 17, 2022, 3:23 pm) - US chip giant can no longer commit to starting construction by mid-2023, Volksstimme reports. Read more

21. TuSimple Plans Layoffs That Could Cut at Least Half Its Workforce Next Week - WSJ - The Wall Street Journal

    

    The Wall Street Journal (December 17, 2022, 3:23 pm) - Self-driving truck company also plans to scale back autonomous driving testing Read more