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Business News

Location American Business News for 22 May 2024

A fire broke out at Tesla'sA 2-alarm commercial fire at Tesla's Fremont factory, which has faced multiple fires and controversies, was quickly extinguished.
Looks like TikTok employeesTikTok employees told The Information the company said the layoffs would mostly impact its user operations and marketing teams.
JPMorgan Chase shareholdersShareholders at America's largest bank voted against requiring an independent board chair, though the proposal drew more support than similar measures did recently at other megabanks. The vote came... just one day after Dimon signaled that his departure as CEO may be on the horizon.
RFK Jr. says he invested $24KKennedy, who is running as an independent in the 2024 race, expressed solidarity with retail stock traders - who refer to themselves in internet forums as "Apes" - in an X post on Tuesday announcing... the investment.
McDonald's franchisees demandMcDonald's franchisees warned their narrow profit margins won't allow them to sustain value deals without financial help from corporate management.
US stocks subdued at openThe Dow Jones Industrial Average fell 9.66 points, or 0.02%, at the open to 39,863.33.
JPMorgan's stock underperformsKBW's David Konrad said the bank's caution on stock buybacks has overshadowed its boosted net interest income view.
Charles Schwab's mobile appRival brokerage Robinhood says it has seen an influx of new customers since TD Ameritrade users were transitioned to Charles Schwab.

Metal stocks rally on China's realty stimulus, LME gains

The Economic Times - 22 May 2024 02:38
Metal stocks rally on China'sHindustan Zinc surged 20%, followed by Vedanta which gained 7.04%. Jindal Steel and Power and Hindalco moved up over 4%, while Tata Steel, JSW Steel, and Hindustan Copper rose over 3% each.
Sebi changes rule forThe regulator said instead of using the market capitalisation of a single day which is currently March 31, listed companies will now have to use the average market capitalisation for a six- month... period.
NYC development near SeaportThe victory for Howard Hughes Holdings also marked another stinging slap in the face to Manhattan Supreme Court Justice Arthur Engoron, who presided over Donald Trump's civil trial earlier this year.
GameStop and AMC pare backGameStop Corp. and AMC Entertainment Holdings Inc. pared back Monday's gains Tuesday as the dust continued to settle from last week's meme-stock frenzy.
Things can only get better?Economies decides elections but with growth tentative, inflation sticky, and tax cuts unlikely, why would the PM wait UK general election - latest updates News: Sunak calls election for 4 July Why is... Sunak calling an election now? When you are 20 or so points behind in the opinion polls calling an election before you need to do so is a high-risk strategy. Yet Rishi Sunak has decided that holding on until the autumn is an even bigger gamble. The economy decides elections, and as far as the prime minister is concerned, this could be as good as it gets. Sunak has only come to this view recently. After sliding into a shallow recession at the end of 2023, the economy has only just returned to growth. Living standards - which took a hammering during the cost of living crisis - have been picking...
CNN posts lowest-rated week inThe cable channel, which touts itself as "the most trusted name in news," drew just 83,000 viewers aged 25 to 54 during the week of May 13-19 from 8 to 11 p.m. -- its lowest-rated week since 1991,... according to Nielsen.
Grasim Q4 Results: Net profitGrasim Q4 Results: The net profit stood at Rs 1,369 crore in the last year quarter. Revenue from operations increased 13% year-on-year to Rs 37,727 crore in the reporting period, compared with Rs... 4,873 crore in the corresponding period of previous year.
The FTX founder's final destination wasn't clear, but Mr. Bankman-Fried has told people close to him that he expected to be moved to a facility in Mendota, Calif.
News24 Business | BusinessAn overview of the biggest business developments in SA and beyond.
The Protocol: EIGEN RichesThere's been tension among members of the Ethereum developer community - even though the ETH price is mooning due to growing anticipation that U.S. regulators might give the green light to spot ether... ETFs.
Nasdaq Revises World's LargestOn Wednesday, Nasdaq, the second-largest American stock exchange based in New York City, revised its 19b-4 filing for Blackrock’s spot ethereum exchange-traded fund (ETF) with the U.S.... Securities and Exchange Commission (SEC). Nasdaq Amends Blackrock’s Ether ETF 19b-4 Filing Following several amended 19b-4 filings by Cboe on Tuesday, Nasdaq has refiled Blackrock’s 19b-4 submission. Blackrock, […]
Google testing ads inGoogle derives the vast majority of its annual revenue from digital advertising, which generated $237.86 billion its bottom line in fiscal 2023 alone.
UK Sets July 4 Date forThe Labour Party has been silent on crypto, but said it is interested in promoting tokenization in the country.
Sam Bankman-Fried beingSam Bankman-Fried is set to be transferred from a New York lock-up to one in California — against his wishes, according to a report. The convicted crypto-crook - who is appealing his 25-year... prison sentence - is in the process of leaving Brooklyn Federal Metropolitan Detention Center for a prison in Mendota, California, sources told the Wall Street Journal. FTX founder...
#RICE24 Solution Spotlight:To increase ecommerce revenue, brands and retailers need to engage online shoppers and convert them into buyers. But when consumers cannot quickly find the products they're looking for or easily get... answers to their questions, they are more likely to abandon the ecommerce site altogether. With iAdvize Copilot, iAdvize's generative AI-powered chatbot, more than 100
Gland Pharma Q4 Results: NetThe company declared its first-ever post-listing dividend of Rs 20 per equity share for FY24.
Walmart Debuts Immersive,Just a few weeks after making real-world products available for sale within Roblox, Walmart has debuted Walmart Realm. This immersive experience features three distinct shopping environments designed... around social trends and influencers: the underwater world of So Jelly, vintage Americana at Y'allternative and chic beauty and fashion at Go Chromatic. "It's fantastical, it's inspirational and