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Business News

Location American Business News for 21 January 2023
George Santos was married to a woman while also sending invitations to celebrate his engagement to his boyfriend, report says Rep. George Santos' ex-boyfriend, Pedro Vilarva, told The Daily Beast that he rejected Santos' proposals and the engagement party "never happened."
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JPMorgan CEO Jamie Dimon Calls Bitcoin 'Hyped-up Fraud' -- Expects Satoshi Nakamoto to Increase BTC Supply Cap JPMorgan Chase CEO Jamie Dimon calls bitcoin “a hyped-up fraud.” The executive questioned the cryptocurrency’s supply cap, expecting a picture of bitcoin’s pseudonymous creator Satoshi Nakamoto to pop up and laug...
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IMF Division Chief and Deputy Managing Director Call for Swift Regulatory Action to Avoid Crypto Contagion to Legacy Finance An International Monetary Fund (IMF) division chief and deputy managing director are calling for more action to be taken in the regulatory aspect to avoid crypto’s ups and downs affecting banks and traditional financia...
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Elon Musk tells jury that investors don't always take his tweets as expected "Just because I tweet something does not mean people believe it or will act accordingly," Musk told the jury in San Francisco federal court.
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Bitcoin, Ethereum Technical Analysis: BTC Moves to 5-Month High, as ETH Nears $1,700 Bitcoin surged to a five-month high to start the weekend, as bullish sentiment returned to cryptocurrency markets. Prices of the world’s largest digital currency rose above $23,000, rebounding from a recent drop toward...
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Biden's SPR Drawdown Big Win For Beijing

Forbes - 21 Jan 2023 14:37
Biden's SPR Drawdown Big Win For Beijing Chinese-owned companies have lapped up oil from America's emergency stockpile since the Biden administration decided to sell 180 million barrels last year to lower prices ahead of the midterm elections.
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I've earned $3,000 in rewards in the last decade by using an easy strategy whenever I buy gifts online By shopping online and using shopping portals, you can rack up rewards that can be used for gift cards and airline miles.
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Tesla needs to start acting more like Toyota and GM if it really wants to win the electric car race Tesla needs to start selling cheaper cars if it wants to hang with the auto industry's biggest players, experts say.
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One customer told Insider his request for an adjustment was rejected, but was later informed of a cut that reflected big reductions for new orders.
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Hedge against recession with bonds while piling cash into these 3 stock sectors as markets stay flat in 2023, says Northwestern Mutual's investment chief Northwestern Mutual chief investment officer Brent Schutte explained how investors can best position themselves in a mild, brief recession.
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JPMorgan CEO Jamie Dimon said remote work can help women because the pandemic "taught us the burden on women" as primary caretakers "is enormous."
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Decentraland Founders Are Creditors of Bankrupt Genesis - How Much Are They Owed? Three Decentraland executives, including two co-founders and the platform's CFO, are named among the top creditors of now-bankrupt cryptocurrency lender Genesis Global. Decentraland co-founders Esteban Ordano and Ari Mei...
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Crypto Banks Borrow Billions From Home-Loan Banks

Wall Street Journal - 21 Jan 2023 12:30
Signature Bank and Silvergate Capital, after a surge in customer withdrawals, have turned to a system originally designed to support mortgage lending.
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The "Justice" filmmakers said at the Sundance Film Festival they kept the Brett Kavanaugh documentary a secret and used codenames for their subjects.
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Former Pentagon policy analyst Paul Scharre wrote in his upcoming book that the Marines were training to defeat the AI system powering the robot.
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The Offshore Oil Business Is Gushing Again

Wall Street Journal - 21 Jan 2023 07:00
The Offshore Oil Business Is Gushing Again Rigs that haven't been used in years are setting out to sea as demand for energy surges. "Everyone started drilling again."
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Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official An Indian government official says that there is currently nothing that outlaws crypto in India “as long as you follow the legal process.” Meanwhile, the country’s central bank, the Reserve Bank of India (RBI), has...
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Dr. Martens Starts 2023 On The Wrong Foot After Second Day Of Stock Declines The iconic British boot maker has struggled with distribution problems and had to issue another profit warning which did not sit well with investors.
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Yerba Mate Producer Guayakí Raises $75 Million In Fresh Funding Round Guayaki Yerba Mate has raised $75 million in a new funding round, according to an SEC filing by the company on January 13, 2023.
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Salesforce dimmed the logo at the request of a city alderman, according to Block Club Chicago.
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The Justice Department is investigating conduct at the Abbott Laboratories infant-formula plant in Sturgis, Mich., that led to its shutdown last year and worsened a nationwide formula shortage, people familiar with the m...
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Ukraine's New Swedish Howitzer Can Hit The Russians With Three Shells At A Time--And Drive Away Before The Salvo Lands The Archer self-propelled howitzers that Sweden just pledged to Ukraine ... are special. They might even turn out to be the best big guns in Ukraine's diverse inventory.
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