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Business News

Location American Business News for 8 December 2022
Binance's Bitcoin Reserves Collateralization Ratio Sits at 101% According to Mazars Audit - This is What You Need to Know A report by auditing firm Mazars has revealed that Binance's bitcoin reserves have a 101% collateralization ratio, suggesting that the exchange has more than all of the BTC it needs to cover customer deposits. In a recen...
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Binance CEO, Coinbase exec feature in Masterclass crypto crash-course Industry experts and one skeptical economist tackle the world of crypto, blockchain and Web3 in a new series from online learning platform Masterclass.
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After Trump Org tax-fraud conviction, will Trump only get a slap on the wrist or could he face new NY charges? State penal and tax laws limit the penalties Trump's company face at sentencing. But the Manhattan DA's victory may embolden it to pursue new cases.
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Nigeria Announces New Cash Withdrawal Restrictions -- ATMs Limited to Less Than $44 per Day In a new directive to financial institutions, the Central Bank of Nigeria (CBN) said individuals can now only withdraw an equivalent of just under $222 per week while corporates can only withdraw cash not exceeding $1,11...
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Data-driven AI technology, when correctly deployed and managed, can offer enhanced event experiences for attendees and organizations alike.
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Request follows the collapse of trading platform FTX and its affiliates
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GameStop Still Struggling With Its Turnaround Plan GameStop narrowed its losses, but saw sales decline during the third quarter.
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Ex-Theranos exec Sunny Balwani sentenced to nearly 13 years in prison Term is slightly longer than one given to Elizabeth Holmes for defrauding investors in the now defunct blood testing firm Sunny Balwani, the former Theranos executive and ex-romantic partner of Elizabeth Holmes, has been...
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A combination of quality and lower prices has worked well through bull and bear markets -- it may be just the ticket for investors worried about a recession.
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Letter From Top Apple Supplier Foxconn Prodded China to Ease Zero-Covid Rules Foxconn Technology Group founder Terry Gou warned that the government's strict policies would threaten its position in global supply chains.
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John Deere And Prose: Digital Transformation Is 80% Strategy And 20% Technology Digital transformations are targeting business model transformation and sustainability as top priorities, says BCG. Prose and Deere show how tech not only creates enterprise value, but also enables sustainability.
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Prices on Lithium Deals Start to Move With the Times

Wall Street Journal - 8 Dec 2022 14:00
Prices on Lithium Deals Start to Move With the Times Fixed-price contracts are falling out of favor for the mineral as producers and consumers embrace deals that more readily reflect changes in supply and demand.
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Shanghai Disneyland Reopens as Businesses in China Welcome Covid Easing Cautious optimism spread across foreign companies operating in China following the easing of some of China's most draconian zero-Covid measures.
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Intelligent Foods Acquires Gobble In A Nine-Figure Deal Naming Ooshma Garg CEO Intelligent Foods has acquired Gobble in an nine-figure deal creating a juggernaut with Sun Basket and Pruvit.
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Mad Money's Jim Cramer Advises Investors to Get out of Crypto -- Says 'It's Never Too Late to Sell' The host of Mad Money, Jim Cramer, has advised investors to sell their crypto, emphasizing that “it’s never too late to sell an awful position.” Regarding FTX, Cramer predicted that the collapsed trading platform �...
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Texas bans TikTok on government devices amid China data-sharing fears South Dakota, Maryland and Wisconsin have also issued similar directives citing security concerns Texas governor Greg Abbott on Wednesday ordered state agencies to ban TikTok on government-issued devices, citing security...
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Soaring food prices in the country have forced many families to go without enough to eat.
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Ethics committee fines Madison Cawthorn for promoting crypto he had financial interest in Rep. Madison Cawthorn broke congressional ethics rules by improperly promoting a crypto currency, says a report made public Dec. 6.      
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TikTok Is Sued by Indiana, Alleging It Misleads Users

Wall Street Journal - 8 Dec 2022 01:36
TikTok Is Sued by Indiana, Alleging It Misleads Users Indiana filed two lawsuits against TikTok, alleging it deceives consumers about content and data security--the latest move by state officials to push back against the platform and its China connections.
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Alphabet's Inc. Google, Oracle Corp., Amazon.com Inc., and Microsoft will share a $9 billion hybrid contract to provide secure cloud services for the Pentagon worldwide, the Department of Defense said Wednesday.
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Cannabis Investors Feel 'Emotional Whiplash' Around Dashed Prospects Of SAFE Banking Act Weed stocks rose this week when it looked as if Congress would finally pass crucial banking legislation. Then it all went to pot.
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Grubhub lobbies to loosen NYC's pandemic-era fee cap law -- as it sues city Grubhub is quietly lobbying New York City legislators to amend legislation that limits the fees food delivery companies charge restaurants for take-out orders.
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