American Business News for 29 Jan 2023
Tesla and Twitter CEO Elon Musk has reaffirmed his commitment to eat a McDonald’s Happy Meal on TV if the fast food chain accepts the meme cryptocurrency dogecoin (DOGE). Musk originally made... the offer a year ago but McDonald’s responded with a counteroffer at the time. Elon Musk, McDonald’s, and Dogecoin Payments Tesla, Spacex, and […]
Expect more company actions ahead
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The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the... digital asset bank is inconsistent with legal requirements. Federal Reserve Board Says Business Model Proposed by Custodia Bank Presents Risks Crypto bank Custodia has […]
"I see a lot of 'deeply saddened' and all that stuff," former Googler Mallika Iyer wrote in a LinkedIn post, adding: "No one died. Seriously."
Climate startups have a growing talent pool and hiring is on the upswing, according to recruiters, venture capitalists, and recent hires.
If the government prevails in its antitrust case, an asset spinoff is thought to be more likely than a sale.
The state of New York has announced a new bill that would allow agencies to accept cryptocurrency as a form of payment for fines, civil penalties, taxes, fees, and other payments charged by the state.... Introduced on January 26 by Democratic Assembly Member Clyde Vanel, the New York State Assembly Bill A523 legislation suggests changes to the state's current financial law to allow for the use of cryptocurrencies in payments to state agencies....
The White House has published a roadmap asking authorities to increase enforcement and ramp up efforts to regulate the crypto sector. In an official blog on Friday, the Biden Administration detailed... its plans to address potential risks from cryptocurrencies in a roadmap that calls for authorities to "ramp up enforcement where appropriate" and Congress "to step up its efforts" to regulate the industry. ...
A new partnership between the Milwaukee Bucks and Marquette University will help develop the next generation of sports and entertainment management.
Olaf Scholz, Germany's chancellor, inspired the term, which means indecisive foot-dragging despite the communication of good intentions.
Serial entrepreneur Josh Dorfman teams up with a couple of former SpaceX engineers to disrupt the building materials market. They just closed their Series A round. Now they're planning to build out... the supply chain and a wildly innovative production facility in North Carolina.
Marvel Studios received a $41.7 million tax break for filming Doctor Strange in the Multiverse of Madness in the United Kingdom
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that we are in a global recession. Warning of soaring bankruptcies, unemployment, and homelessness, he noted that... there is good news for investors looking for “bargains.” Robert Kiyosaki’s Latest Warnings The author of Rich Dad Poor Dad, Robert Kiyosaki, is back […]
Season 5 of royal docudrama The Crown is the most expensive instalment in the history of the show with production costs hitting $143.3 million.
The oil giants will also have to contend with intensifying calls to put more money into clean energy The bosses of Shell and BP face the same task as they prepare to present their companies' annual... results this week, but at completely different points in their tenures. Wael Sawan will make his City debut after taking over as Shell chief executive at the start of the year. Bernard Looney marks three years since a watershed presentation in London when he took over at BP, unveiling a target to hit net zero by 2050 or sooner. The pair now each have the task of convincing the public they are not profiteering during the energy crisis - while keeping investors sweet. Profits surged in 2022 on the back of high gas prices caused by the invasion of Ukraine, and are expected to stay high against...
The company is disrupting how medications are acquired.
Finance minister Nirmala Sitharaman will present her fourth and this government's last full budget on Wednesday. ET looks at some of the key numbers that will be keenly watched to decipher the thrust... of the budget:
The plans is to connect the pipeline with the North East Natural Gas Pipeline Grid operated by the Indradhanush Gas Grid Limited (IGGL) in Tripura, said the official.
National Investment and Infrastructure Fund's roads, renewables and rail-based container logistics platforms will each surpass earnings before interest, taxes, depreciation, and amortization (EBITDA)... of ₹1,000 crore ($120 million approximately) within four years of startup.
Move business processes to an adaptive platform and away from brittle customizations and tribal knowledge to remove complexity.
The commerce and industry ministry has also asked import-dependent industry sectors to diversify their import sourcing away from a few countries to maintain supply chain resilience.
In a new interview, Emerald Garner said it "boils my blood" that the public had to wait to view Nichols' footage "like it was an exclusive movie."
Electronics export from India is expected to cross Rs 1.28 lakh crore in the next financial year, minister of state for electronics and IT Rajeev Chandrasekhar has said.
Zombie fungus is real, but it's not a threat to humans. Health experts are worried about a global rise in other fungal infections.