24 top business headlines on Mon Dec 12, 2022

1. Air NZ reveals busiest travel day, warns of delays and packed planes - 1News

   

   1news.co.nz (December 12, 2022, 9:33 pm) - The airline said it's expecting to fly 2.8 million customers around the country and the world this summer and is warning customers to be prepared for delays. Read more

2. Twitter dissolves Trust and Safety Council, Yoel Roth flees home - The Washington Post

   

   The Washington Post (December 12, 2022, 9:24 pm) - Yoel Roth, Twitter's former head of trust and safety, left his home after criticism from Musk unleased a torrent of online harassment. Read more

3. Colorado law will require cage-free egg production - CBS Colorado

   

   YouTube (December 12, 2022, 9:17 pm) - As Colorado's egg farmers deal with an 85% loss of egg-laying hens as a result of bird flu, there's an upcoming change to state law that could further impact... Read more

4. Cybersecurity startup Snyk valued at $7.4 bln after latest funding - Reuters.com

   

   Reuters (December 12, 2022, 9:06 pm) - Cybersecurity start-up Snyk Ltd said on Monday it had raised $196.5 million in Series G funding, led by Qatar Investment Authority, which is at a lower valuation of $7.4 billion. Read more

5. Live news: Asia investors send mixed signals ahead of US consumer price index data - Financial Times

   

   Financial Times (December 12, 2022, 8:54 pm) - Read more

6. Asian stocks rise on optimism ahead of central bank rate decisions - Reuters.com

   

   Reuters (December 12, 2022, 8:49 pm) - Asian stock markets were buoyed on Tuesday by overnight optimism on Wall Street that the U.S. Federal Reserve and other central banks would ease off on the pace at which interest rates have been hiked to tackle the highest inflation levels in decades. Read more

7. Huge blow as major Aussie builder collapses - news.com.au

   

   News.com.au (December 12, 2022, 8:44 pm) -

   Another major building company has announced it has gone into administration.

   Read more

8. US scientists reach long-awaited nuclear fusion breakthrough, source says - CNN

   

   CNN (December 12, 2022, 8:44 pm) - For the first time ever, US scientists at the National Ignition Facility at the Lawrence Livermore National Laboratory in California successfully produced a nuclear fusion reaction resulting in a net energy gain, a source familiar with the project confirmed t… Read more

9. Dow Jones Surges 500 Points Ahead Of Inflation Data; Fed Meeting; Tesla Stock Nears 2022 Low - Investor's Business Daily

   

   Investor's Business Daily (December 12, 2022, 8:44 pm) - The Consumer Price Index is due out Tuesday, while the Fed's two-day meeting will kick off. Read more

10. Sam Bankman-Fried: Founder of bankrupt crypto firm FTX arrested in Bahamas - Sky News

    

    Sky.com (December 12, 2022, 8:41 pm) - Read more

11. Factbox: Global regulatory actions against FTX - Reuters.com

    

    Reuters (December 12, 2022, 8:37 pm) - Sam Bankman-Fried, the founder of bankrupt FTX cryptocurrency exchange, was arrested on Monday in The Bahamas after being criminally charged by U.S. prosecutors. Read more

12. Google Defeats One Suit Over Chrome Data Privacy Practices - Bloomberg

    

    Bloomberg (December 12, 2022, 8:21 pm) - Alphabet Inc.'s Google defeated a privacy lawsuit by consumers who accused the company of snooping on them even after they opted out of sharing their web activity. Read more

13. Oracle Stock Rises on Strong Earnings - Barron's

    

    Barron's (December 12, 2022, 8:15 pm) - Oracle posted better-than-expected revenue and profit growth for its quarter ended in November. Read more

14. King and queen of the crypto con may be turning on each other - New York Post

    

    New York Post (December 12, 2022, 8:14 pm) - They were one part of a "Chinese harem polyamory" group set up in the Bahamas that mixed sex, pills and crypto. Now Sam Bankman-Fried and Caroline Ellison, the two executives at the center of the c… Read more

15. Senators slam Sam Bankman-Fried for refusing to testify before banking panel on FTX collapse - Fox Business

    

    Fox Business (December 12, 2022, 8:12 pm) - Senators Sherrod Brown and Pat Toomey said ex-FTX CEO Sam Bankman-Fried declined to testify at a committee hearing in "an unprecedented abdication of accountability." Read more

16. Weber Grill is Exiting the Public Market - The Motley Fool

    

    Motley Fool (December 12, 2022, 8:00 pm) - If you can't stand the heat, back away from the grill. Or, in this case, the New York Stock Exchange. On Monday, grill maker Weber announced it... Read more

17. Hailed as 'next Warren Buffet', Sam Bankman, whose crypto empire crashed, held - Hindustan Times

    

    Hindustan Times (December 12, 2022, 7:58 pm) - The arrest comes on the eve of Bankman-Fried's scheduled appearance at a US Congress hearing in which he was to testify under oath about the crypto exchange's overnight demise. Read more

18. Aussies' number one worry for 2023 - news.com.au

    

    News.com.au (December 12, 2022, 7:53 pm) -

    Cost of living pressures are dominating Australians' worries with 59 per cent of people most concerned about skyrocketing grocery and electricity prices, soaring rent and rising interest rates in 2023, new research has revealed.

    Read more

19. Milk surges in price after year of rain, floods and rising inflation - 9News

    

    9News (December 12, 2022, 7:52 pm) -

    Milk prices have risen at the fastest rate since records began during the 2021/2022 season.

    Read more

20. Train strikes: Widespread delays expected as latest walkouts begin - BBC

    

    BBC News (December 12, 2022, 7:51 pm) - About 40,000 rail workers will start walking out on Tuesday in a row about jobs and pay. Read more

21. Crypto Report: SBF's House Hearing - Bloomberg Technology

    

    YouTube (December 12, 2022, 7:46 pm) - Bloomberg's Sonali Basak joins Caroline Hyde and Ed Ludlow to discuss what to expect from Sam Bankman-Fried's hearing in front the of House Financial Service... Read more

22. The two days that could determine the fate of the global economy - Sydney Morning Herald

    

    The Sydney Morning Herald (December 12, 2022, 7:46 pm) - The US Federal Reserve Board meets on Wednesday, a day after the latest US inflation data. Its decision will shape the economic outlook for America and the rest of the world. Read more

23. Amazon delays graduate hiring as part of cost-cutting efforts - Financial Times

    

    Financial Times (December 12, 2022, 7:45 pm) - Students due to start work in May must now wait until December, according to an email Read more

24. U.S. to reveal scientific milestone on fusion energy - Reuters.com

    

    Reuters (December 12, 2022, 7:37 pm) - The U.S. Department of Energy on Tuesday will announce that scientists at a national lab have made a breakthrough on fusion, the process that powers the sun and stars that one day could provide a cheap source of electricity, three sources with knowledge of th… Read more