Business

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Judge rules that Twitter violated contract when it withheld millions of dollars in bonuses (www.courthousenews.com)

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SEC Grapples with Approval of Bitcoin Spot ETFs. (newsnotfound.com)

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Report: CEOs who pay poorly do fabulously. (ohiocapitaljournal.com)

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Yellow trucking may be shutting down, but its logo remains iconic (www.fastcompany.com)

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The story of the Yellow Trucking logo and its color choice.

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Why 'Woke' is Good Business, According to Mark Cuban and Data (www.inc.com)

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Consumers expect brands to be inclusive, so pumping the brakes on inclusive marketing is bad for business.

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High interest rates and economic uncertainty are behind recent rise in corporate defaults (www.cnbc.com)

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Reddit’s golden geese foul up its IPO plans (www.reuters.com)

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For those who’d like a little more schadenfreude.

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Oil prices are facing a 'battle royale' between Saudi Arabia and the Federal Reserve, Bank of America says (markets.businessinsider.com)

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Comcast complains to FCC that listing all of its monthly fees is too hard (arstechnica.com)

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Twitter sued for $250 million by music publishers over ‘massive’ copyright infringement (www.theverge.com)

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Growing number of small businesses worry about inflation and the economy's future | CNN Business (www.cnn.com)

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Manufacturing is sputtering in the world's largest economies | CNN Business (www.cnn.com)

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Local entrepreneur wraps up 'search fund' process with purchase of Chesterfield IT firm (www.bizjournals.com)

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When Nick Akers set out to buy a business in late 2021, his search process had a 24-month timeline attached to it. He figured he wouldn’t need that much time, hearing that those in a similar situation typically are successful around the year and a half mark.

“That’s exactly how mine panned out,” Akers said.

Akers in May wrapped up his acquisition search, closing on a purchase of Chesterfield-based IT managed services provider STL Communications Inc. Financial terms of the deal were not disclosed.

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World Bank sees major economies growing at much slower pace thanks to higher rates and banking stress (www.cnbc.com)

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Microsoft to pay $20M over Xbox child privacy violations | Digital Trends (www.digitaltrends.com)

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