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Business News

Location American Business News for 11 November 2022
Israel's Autonomous Urban Quadcopter Brings 'Search & Attack In One' Israeli contractor Elbit Systems has revealed a highly autonomous smart combat drone that could reqrite the rules of urban warfare.
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Need a hand? Amazon's new robot can distinguish between products Amazon has unveiled a new robot that can handle and distinguish between millions of items in its warehouses.
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Viatris Executive Charged With Insider Trading

Wall Street Journal - 11 Nov 2022 03:16
Prosecutors and regulators say Ramkumar Rayapureddy, global chief information officer, tipped a friend about a regulatory drug approval.
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Tumblr trolls Elon Musk's blue checkmark fiasco by selling two blue checkmarks for $7.99 Tumblr's staff announced users can buy two "Important Blue Internet Checkmarks" at a "steal" of $7.99, in a dig at Twitter, because "nothing matters."
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Wall Street soars to best day in over two years as inflation eases Wall Street blasted off Thursday to soar to its best day in more than two years as exhilaration swept through markets after a report showed inflation in the United States eased last month by even more than expected.
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In a payroll audit Elon Musk ordered, Twitter managers were asked to confirm they knew certain employees and could verify they were human, per NYT.
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Results: Democratic Rep. Sean Casten defeats Republican Mayor Keith Pekau in Illinois' 6th Congressional District election Illinois' 6th Congressional District encompasses many of Chicago's southwestern suburbs and extends from Tinley Park to Lombard.
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Amazon's new robot should strike fear into its hundreds of thousands of warehouse workers Amazon unveiled a robot capable of handling individual items on Thursday that could reduce the company's reliance on human warehouse workers.
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Trump unleashes on Ron DeSantis after he's blamed for lackluster GOP midterm results and DeSantis praised for massive victory Tuesday's midterm results are largely being interpreted as an indictment of Donald Trump's political future and an opportune moment for Ron DeSantis.
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After 40 years of safe skies, US special operators have to worry about threats from above, SOCOM commander says US commanders say the rapid emergence of drones as military weapons means US troops need to get used to facing threats from above.
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Trump Org begins turning prosecution witnesses to their own advantage in 'politically motivated' tax-fraud case Back after a 9-day COVID break, lawyers for Trump's company wasted no time getting a key DA witness to bash the 'politically motivated' case.
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GitHub this week released its Octoverse 2022 report, highlighting statistics, insights and evolutions across the open-source community.
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Gap Falls into Amazon with Brand 'Store' and New Baby Gear Line

Retail Touch Points - 11 Nov 2022 01:06
Gap Falls into Amazon with Brand 'Store' and New Baby Gear Line Gap, one of America's most storied mall-based brands, is opening up shop on what has essentially become the country's biggest mall -- Amazon. Under the new partnership with Amazon Fashion in the U.S. and Canada, Gap has ...
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Breaking: FTX US Files for Chapter 11 Bankruptcy, Sam Bankman-Fried Resigns, Crypto Prices Crash Instantly In a statement posted on the official FTX Twitter account, the firm announced that they had commenced voluntary Chapter 11 bankruptcy proceedings. The news comes despite efforts by founder Sam Bankman-Fried (SBF) to rais...
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FTX ex-exec floats 'cool token' idea amid warning rebound may take years Zane Tackett suggests alternatives to "boomer procedures" when it comes to FTX bankruptcy.
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What's Next For Domino's Pizza Stock After A 12% Rise In A Month? It should be noted that the company's sales have fallen for two consecutive quarters in the core U.S. market.
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U.S. Seeks Closer Ties with India as Tension with China and Russia Builds Treasury Secretary Yellen wants India to be part of the Biden administration's "friend-shoring" agenda but trade tensions linger.
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Regulators Begin Cracking Down on FTX

The New York Times - 11 Nov 2022 15:43
Regulators Begin Cracking Down on FTX Authorities worldwide are intensifying their scrutiny of the embattled cryptocurrency exchange, amid concern about improper use of customer money.
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Wake up call? Bitcoin wallets move 3,500 BTC dormant since 2011 A Bitcoin whale has moved 3,500 BTC to new wallets for the first time since 2011, changing the address format from P2PKH to P2SH.
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Koch Teams With Startup to Build Giant Battery Factory

Wall Street Journal - 11 Nov 2022 14:28
Koch Teams With Startup to Build Giant Battery Factory Norwegian battery maker Freyr and Koch are accelerating a project in Georgia to tap U.S. government incentives.
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Is A Fall Imminent For Merck Stock After A 12% Rise In A Month? Going by historical performance, there is a meager chance of an increase in MRK stock over the next month.
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Elon Musk told Twitter staff to expect 80-hour work weeks and fewer office perks, report says Musk has already gotten rid of remote working, telling workers they are expected in the office 40 hours per week at a minimum.
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