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Business News

Location American Business News for 10 August 2018
There's an eco-friendly hostel in Colombia that floats in the middle of the ocean See Also: An eco-friendly hostel in Panama has a slide that goes straight into the ocean This is a spa just for pregnant women There's a giant geodesic dome in upstate New York -- and you can rent it for the night
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$6.3 billion IPOs yet to hit the street as volatility roils valuations While Sensex has risen 12.45% this year to touch 38,000 points, the mid-cap and small-cap indices, where IPOs are largely concentrated, have fallen 8.38% and 12.25% since the start of the year
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Tesla shares fall 5 percent amid news of expansive SEC probe The wild ride for Elon Musk and Tesla shareholders shows no sign of slowing down. Reports that a regulatory probe was wider than previously thought cut nearly 5 percent from Tesla's shares on Thursday -- hours before the...
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Tech billionaire and advocate of crime victims Henry T. Nicholas III is facing drug counts after being arrested along with a woman Tuesday at a Las Vegas Strip casino-resort. Nicholas …
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Currently, nearly 200 U.S. cities have median home values in excess of that amount.
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Support for a People's Vote on Brexit surges as no deal risk grows Public support for a second Brexit referendum continues to grow amid fears over possible no deal Brexit. 45% of people support a People's Vote on the final deal, while 34% do not, according to a YouGov poll of over 10,00...
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Economic View: The Economy Grew Even Faster in Truman's Presidency. So What? Modern economies alternate between booms and recessions for reasons that are imperfectly understood and generally outside a president's control.
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BankMobile spin-off hits snag, faces possible delay

American Banker - 10 Aug 2018 18:49
Customers Bancorp said Flagship Community Bank has temporarily withdrawn its application with the FDIC to acquire the digital bank.
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U.S. consumer prices rose in July and the underlying trend continued to strengthen, pointing to a steady increase in inflation pressures that keeps the Federal Reserve on track to gradually raise interest rates.
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Adidas sales outpacing Nike in North America

New York Post - 10 Aug 2018 06:13
Adidas sales outpacing Nike in North America Adidas is outpacing Nike by more than a mile. The German conglomerate's sales in North America grew by 16 percent in the second quarter ended in June compared with Nike's 3 percent gain for the quarter ended in May. Whil...
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Fans of the comfy, colorful shoes feared Crocs was going out of business.        
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The billionaire behind a measure to split California in three said he's giving up on the effort to reimagine the nation's most populous state after the state Supreme Court knocked …
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SEC Delay Hits Bitcoin By 10% And Wipes Out $10 Billion All it takes is the SEC to delay a decision to wipe out over $10 billion in Bitcoin's market cap
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Amazon changes prices on its products about every 10 minutes -- here's how and why they do it AP Photo/Wilfredo Lee Amazon changes product prices 2.5 million times a day, meaning that an average product's cost will change about every 10 minutes. How do they do it? Simply put, Amazon has tons of data. With all thi...
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As Catholic Hospitals Expand, So Do Limits on Some Procedures

The New York Times - 10 Aug 2018 18:54
As Catholic Hospitals Expand, So Do Limits on Some Procedures Many religious health care institutions do not make it clear up front what procedures they won't perform, a New York Times analysis shows.
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Hutchinson, Shockey, Erley & Co. in Chicago focuses exclusively on municipal securities.
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A former Big Island resident has been sentenced to 33 months in federal prison for stealing nearly $863,000 over four years from her Hawaii employer. Donna Alms, 55, was sentenced …
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New Supply Chain Jobs Are Emerging as AI Takes Hold

Harvard Business Review - 10 Aug 2018 18:35
We’re moving toward a world where people and machines are collaborating, not just coexisting.
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Massachusetts man who defrauded 15 people of $6M gets 5 years in prison A former Massachusetts man convicted of running what prosecutors called a Ponzi-style scheme that defrauded 15 investors out of more than $6 million has been sentenced to five years in prison.        
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Qualcomm to settle Taiwan antitrust case for $93 million Mobile chipmaker Qualcomm will settle an antitrust case with Taiwanese regulators for about $93 million, and has also pledged to invest $700 million in Taiwan over the next five years. The settlement replaces a fine of r...
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IBM and Maersk's blockchain tool is moving out of beta (IBM, MAERSK-B) This story was delivered to Business Insider Intelligence Transportation & Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. IBM and European contain...
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Samsung just announced a $2 billion investment to ramp up its AI and 5G segments (KRW) This story was delivered to Business Insider Intelligence Apps and Platforms Briefingsubscribers hours before appearing on Business Insider. To be the first to know, please click here. Samsung willinvest$22 billion to ra...
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