Business Contents Archive

Financial influencer account Litquidity is going back to being a one-man show. Mark Moran, a Centerview Partners alum who joined the startup after a stint on the reality show “FBoy Island,” said he is leaving after 10 months as its head of growth and operations. The 30-year-old is starting a company called Equity Animal, which will focus on investor relations and corporate marketing for publicly traded companies. Its first clients are RCI Hospitality, which owns strip clubs and bars across the US, as well as diversified holding company Ballantyne Strong. See the full story at the link in bio. Correction: An earlier version of this post was corrected to remove reference to Blade Air.

US House Speaker Nancy Pelosi has become the highest-ranking American politician to visit Taiwan in 25 years, prompting China to announce missile tests and military drills encircling the island that set the stage for some of its most provocative actions in decades. Pelosi on Tuesday night greeted Taiwanese officials including Foreign Minister Joseph Wu on the tarmac, where she posed for photos. She plans to hold a joint press briefing with President Tsai Ing-wen on Wednesday, Taiwan’s Foreign Ministry said in a statement. Pelosi said after landing that her visit “in no way contradicts longstanding United States policy” and that America “continues to oppose unilateral efforts to change the status quo.” Tap the link in our bio for more.

The scourge of inflation is coming for Ferrari NV dealerships. The maker of 215,000-euro ($219,460) Portofino and 1.6 million-euro Monza models will raise prices in the first quarter of next year, CEO Benedetto Vigna said on an earnings call. Ferrari raised its forecasts for full-year revenue, adjusted earnings and free cash flow, as strong demand helps offset higher costs hitting the Maranello, Italy-based manufacturer. Tap the link in bio for the full story. (via bloombergpursuits)

US House Speaker Nancy Pelosi lands in Taiwan, defying China's warnings and prompting Beijing to announce a missile test and military drills encircling the island. Pelosi is the highest-ranking American politician to visit Taiwan in 25 years, though her trip is not backed by the White House. Tap the link in our bio for the latest.

● According to the dictionary, the US went into a technical recession on Thursday, when it was confirmed that the economy had shrunk for two consecutive quarters. ● But that doesn’t mean this is actually a recession. The pleasure of announcing one of those goes to an obscure panel of eight economists. ● Could the American people manifest their own recession? If people fear that the economy is about to go downhill, they’ll reduce spending, trade down to cheaper brands, postpone consumption and generally be more economical. If enough people do that, you get a recession. ● Tap the link in our bio for more. (📸: Olivier Douliery/AFP via Getty Images)

IN THE REARVIEW: The insurance provider closed all 38 offices in the state, resulting in the layoffs of hundreds of workers, though residents can still obtain policies through a computer. Link in bio.

Ratukali Madanawa, 8, takes a break from diving in the sea at Serua Village, Fiji, July 14, 2022. As the community runs out of ways to adapt to the rising Pacific Ocean, the 80 villagers face the painful decision whether to move. 🔗 Read more at our link in bio. 📷 lorenelliottphoto #fiji #reuters #reutersphotos #sea #environment #nature

The first vote on abortion access since the US Supreme Court stripped away federal protection for the procedure is taking place in Kansas on Tuesday following a bitter campaign that has divided politicians, neighbours and even families.⁠ ⁠ The proposed Value Them Both amendment would overturn a 2019 ruling by the Kansas Supreme Court that found women had the right to make decisions about their bodies, including whether to terminate a pregnancy.⁠ ⁠ Supporters say it would empower Kansans to prevent abortion on demand and would not necessarily lead to a total ban on abortion. But opponents warn that if the amendment passes, the Republican-controlled legislature will rush to enact a strict ban that would be devastating for women there and elsewhere who rely on its four remaining abortion clinics due to bans in neighbouring states.⁠ ⁠ Tap the link in our bio to read more. ⁠ ⁠ #FT #financialtimes #kansas #abortion #supremecourt

Passengers flying with Virgin Australia and Dutch carrier KLM are suffering the biggest disruptions to travel as the understaffed aviation industry struggles to cope with a resurgence in demand, data show. Analytics company Cirium ranked how 19 leading carriers are performing. Singapore Airlines comes out on top, with just 0.1% of planned services scrapped. Tap the link in our bio to see the full list.

The US economy has contracted for two consecutive quarters despite Federal Reserve trying hard to bring down decades-high inflation. As the GDP numbers became public, some experts said that the US is already in recession, while criticising the central bank for being in “recession denial” mode. #gdp #usa #recession #federelreserve

While recession fears have seen new listings grind to a halt this year, one of the few companies currently seeking to go public in Mumbai is testing investor appetite for India’s growing wine market. Sula Vineyards Ltd., which last month filed for an initial public offering, says it has over a 50% share of India’s small but rapidly growing wine market. The 26-year-old company has opened tasting rooms and hosted an annual music festival as part of its effort to make the drink fashionable in a young country with an expanding middle class. #sula #sulavineyards #wine #winemaker #india #ipo

Matt Damon started touting crypto investing when Bitcoin was worth twice as much as it is now. Mike Tyson’s NFTs have plunged more than 90% since he introduced his collection. And investors who allege they lost millions on a pump-and-dump scheme are suing Paul Pierce and Kim Kardashian. It’s become clear that scores of celebrities promoted the life-changing power of crypto investing at the worst possible time. See a list of celebs who got in on the action at the link in bio — and find out how things may have gone for their fans.

PANTS ON FIRE: Miranda Devine says the Biden administration's dishonesty surrounding inflation caused the current 'devastating' state of the economy. Link in bio.

Hackers drain nearly all of the ~$190M in crypto from the Nomad token bridge, which is backed by Coinbase and OpenSea, over a long series of transactions (@newarbrian / Cointelegraph) https://t.co/HCz03V9KsS https://t.co/0bwMCttkjr

Leaders like to seem busy, so they rarely make time for strategic thinking. https://t.co/Qn6pTWsz1x