Capital Aptitude

10/02/2022

U.S. to Spend $10 Billion to Boost Small Businesses

The Treasury Department program aims to rev up business in disadvantaged communities and spur a broader economic recovery.

10/02/2022

FinCEN’s Corporate Ownership Rules Stir Debate From Banking, Small Business Groups

The U.S. Treasury Department is facing a wide range of views on the details of a corporate ownership database, more than a year after the agency was tasked with implementing a law that Congress hopes will help curtail the use of anonymous shell companies.

05/02/2022

Dismal Russian Record in Occupied Eastern Ukraine Serves as Warning

The areas, once engines of the Ukrainian economy, are now impoverished, depopulated enclaves that increasingly rely on Russian subsidies to survive. It’s what many fear could happen to the rest of the country if Vladimir Putin carries out a broader invasion.

05/02/2022

Cyberattack on News Corp, Believed Linked to China, Targeted Emails of Journalists, Others

News Corp was the target of a hack that accessed emails and documents of some employees, an incursion a cybersecurity consultant said was likely meant to gather intelligence to benefit China’s interests.

29/01/2022

Hedge Fund Melvin Lost $6.8 Billion in a Month. Winning It Back Is Taking a Lot Longer.

Melvin Capital Management founder Gabe Plotkin’s bets against GameStop and other stocks backfired, leaving the hedge fund down 54.5% last January. The rocky road back has been marred by fresh losses this year.

29/01/2022

Embattled CDC Rethinks Pandemic Response After Criticism of Guidelines

22/01/2022

Janet Yellen Views Biden Policies as Modernized Supply-Side Economics

In a speech to the World Economic Forum, the Treasury secretary said the White House is aiming to increase labor supply and boost worker productivity.

22/01/2022

The Great Hamster Rescue Sends Hong Kong Into a Furry Frenzy

The government asked owners to turn in their pets for culling after Covid-19 cases were linked to pet shops. Volunteers are saying no, mobilizing across the city to save the rodents.

17/01/2022

Activision Blizzard Pushes Out Dozens of Employees Over Workplace Misconduct

The videogame giant’s actions have come in the wake of pressure from investors, business partners and employees to address complaints over its handling of misconduct issues.

17/01/2022

Rolls-Royce, Bentley, BMW Sales Surge as Cheaper Brands Lag Behind

A boom in luxury-car sales and the shifting of scarce semiconductors to the most profitable vehicles helped many auto makers achieve robust profits last year, even as sales of mainstream vehicles lagged behind and supply-chain disruptions crippled car production.

17/01/2022

Winter Storm Hits East Coast, Causing Power Outages and Flight Cancellations

A winter storm blanketed parts of the eastern U.S. with heavy snow, causing widespread travel disruption and knocking out power for more than 200,000 homes and businesses.