Monthly Archives: September 2022

SALT NYC: From Sam Bankman-Fried to Bridgewater’s co-CIO, the world’s top experts are meeting this week. Here’s what you want to know.

Good morning, Opening Bell crew. Phil Rosen here.  Yesterday’s hotter-than-expected inflation reading throttled markets, with the Dow sinking faster than my mood when the office coffee runs out.  But shaky indexes and sky-high inflation have done little to stifle optimism at SALT — a New York conference hosting some of the world’s top financial leaders…

Chick-fil-A apologizes after viral tweet from company account sparks accusations of racism

Chick-fil-A restaurant in Houston, Texas. Brandon Bell/Getty Images Chick-fil-A has faced backlash after a tweet from its account sparked accusations of racism.  The fast food chain apologized for the post, calling it a “poor choice of words.” Chick-fil-A has previously faced criticism for its stance on LGBTQ rights.  Fast-food chain Chick-fil-A has faced heavy criticism…

US stocks just suffered their biggest 1-day decline since June 2020. Here’s why an inflation surprise tanked the market.

US stocks plunged on Tuesday after an inflation surprise stoked fears of further pain for markets and the economy. REUTERS/Lucas Jackson US stocks on Tuesday registered their steepest one-day decline since June 2020. Investors dumped stocks and other assets after learning month-on-month inflation rose in August. Stubborn inflation may spur the Fed to keep hiking…

Job candidates are hiring people to do their interviews for them. We explain how the tactic, bait-and-switch fraud, works.

Welcome to Wednesday, readers. Reporting to you from New York, I’m Jordan Parker Erb.  Today, my colleague Rob Price has an enlightening look at a new trend in job hunting: “bait-and-switch” interview fraud.  In short, candidates are hiring other people to pretend to be them for interviews. Then, on the first day of work, the…

AppLovin drops bid to buy Unity following failed $17.5bn offer

Mobile tech company AppLovin has scrapped its plans to buy video game engine Unity, following a failed – and unsolicited – bid last month worth $17.5bn. AppLovin announced it was backing off in a statement last night (thanks, GamesIndustry.biz), saying it had instead decided to remain on “its path as the independent market leader”. Unity…