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Business News

Location American Business News for 15 March 2023

Why Apple and the Carriers Want Your Old iPhone

Wall Street Journal - 15 Mar 2023 13:00
Why Apple and the Carriers Want Your Old iPhone When you trade in a smartphone, here's how it gets refurbished and makes companies money.
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Arkadium has been a family-run company for more than two decades. It still is, but now it is embarking on a new leadership transition.
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It looks like there is life after Azeroth. Ex-Blizzard veterans Jen Oneal, J. Allen Brack and John Dunham have formed a new game studio dubbed Magic Soup Games. They spend a long time building big businesses at Activisio...
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Honda recalls 500,000 CR-Vs, Accords, Odysseys over seat belt problem Honda says in documents posted by US safety regulators that the surface coating on the channel for the buckle can deteriorate over time.
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Dogecoin Price Prediction as DOGE Drops by 10% - Can the Bulls Regain Control? Dogecoin (DOGE), the cryptocurrency that powers the decentralized payments-focused Dogecoin blockchain, has slumped during Wednesday's US trading hours. The sell pressure began after DOGE failed to break above its 21-Day...
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A Penny-Stock Company Sold the Pentagon on Small Drones for Ukraine A trip to Kyiv by the Cyberlux chief executive helped short-circuit the Defense Department's lumbering procurement system.
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'I'm not sure it's my obligation to repay her debt.'
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US stocks trade mixed as Credit Suisse troubles stoke fears of a banking crisis Credit Suisse alarmed investors, but the Swiss National Bank later said it will provide the lender with liquidity, if necessary.
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Falling Rates Could Also Be a Headache for Banks

Wall Street Journal - 15 Mar 2023 20:00
Rising interest rates created a liquidity problem for banks. But falling rates could give them an earnings problem.
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Not long before Credit Suisse worries sank shares, economist Nouriel Roubini warned that Silicon Valley Bank's failure risks global banking contagion.
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The DOJ and SEC were looking into whether the Signature Bank monitored its clients' activities well enough, Bloomberg reported.
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Signature Bank Closure Has Nothing to Do With Crypto, Says Regulator The decision to close down Signature Bank had “nothing to do with crypto,” said the New York State Department of Financial Services, the regulator that took possession of the troubled bank on Sunday. The financial wa...
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Farmers in Maharashtra are protesting after onion prices suddenly crashed over the past few weeks.
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Primark Doubles Down on Sustainability with Durability Standards, Studies and Repair Workshops Primark is launching new durability and repair initiatives as part of the retailer's commitment to giving clothes a longer life, part of its Primark Cares sustainability strategy. The initiatives include working with Wra...
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Sponsor content from Paysafe.
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NatWest Bank Imposes Monthly Crypto Exchange Payment Limit of $6K, Citing Fraud Concerns - Here's the Latest Consumer-focused UK bank NatWest is putting a limit on the amount of money customers can transfer to cryptocurrency exchanges in a move that shows deteriorating relationships between digital asset firms and financial ins...
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Banks Resume Selloff After Credit Suisse Shares Drop

Wall Street Journal - 15 Mar 2023 17:49
U.S. banks were on track for their lowest close since 2020 after Credit Suisse shares fell sharply, fanning concerns about the health of the financial system.
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Don't Count Out the Consumer Yet

Wall Street Journal - 15 Mar 2023 17:05
Softer February retail sales were more of a payback for a strong January than a sign shoppers are in retreat.
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Biden Shouldn't Tax Crypto's Electricity Use In his latest budget for Fiscal Year 2024, President Biden has proposed a new tax on electricity use from cryptocurrency mining.
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McDonald's Stock Up 16% Over Last Year, Can It Grow More? After a 16% growth over the last twelve months, at the current price of around $263 per share, we believe McDonald's (NYSE: MCD), the world's largest restaurant chain, consisting of more than 40,000 mostly franchised sto...
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Binance to Restrict Ukrainian Hryvnia Operations Via 2 Payment Providers Crypto exchange Binance will stop processing transactions with Ukrainian hryvnia through two payment platforms later in March. The move follows an earlier suspension of deposits and withdrawals using bank cards in the na...
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Retail Sales Fell in February

Wall Street Journal - 15 Mar 2023 14:55
Retail Sales Fell in February Retail spending fell 0.4% in February, showing consumers are tapping the brakes after a fast start to the year.
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