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Business News

Location American Business News for 20 March 2023
Bitcoin and Stablecoins Will Bring Crypto Mass Adoption to Africa, Experts Say The sentiment permeated talks and fireside chats at the 2023 Blockchain Africa Conference in Johannesburg, South Africa.
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Trump Suggests DeSantis Will Face Allegations From 'Underage' Girls 'Or Possibly A Man!' After Speaking Out On Manhattan Probe The salacious attack came just hours after DeSantis spoke out about rumors Trump could be charged in connection with an apparent 2016 hush money payment to porn star Stormy Daniels.
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Riot Games renewed its partnership with Prime Gaming for regular content drops across its top titles and support for LoL, VCT & TFT esports.
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The Problem With Your Dying AirPods and Other Bluetooth Earbuds When earbuds' tiny lithium-ion batteries die, they can't be replaced
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Bulls Have An Obvious Decision to Make On Patrick Beverley's Future With The Team Patrick Beverley will be a free agent at the end of the season, but the Chicago Bulls may have already seen enough of the 34-year-old's impact on the team to know they want his leadership on the roster next season.
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Indonesian Tech Champion GoTo's Tough Balancing Act in 2023

Wall Street Journal - 20 Mar 2023 17:47
Defending market share and regaining growth momentum might prove difficult if the ride-hailing and e-commerce company keeps cutting costs.
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How bad is the banking crisis?

Business Insider - 20 Mar 2023 14:06
Central banks, regulators and governments are rushing to save banks from collapsing. But the uncertainty is far from over.
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Bitcoin ATM maker shuts cloud service after user hot wallets compromised Bitcoin ATM manufacturer General Bytes said a hacker was able to install and run a Java application in its terminals that could access user information and send funds from hot wallets.
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Midsize US Banks Ask Regulators to Extend FDIC Insurance to All Deposits for 2 Years Before Another Bank Fails The Mid-Size Bank Coalition of America has asked federal regulators to extend FDIC insurance to cover all deposits for the next two years. “Doing so will immediately halt the exodus of deposits from smaller banks, stab...
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The 11 days of turmoil that brought down 4 banks and left a fifth teetering The speed with which four banks collapsed -- and one continues to struggle -- has left investors reeling. Here's how the companies' turmoil played out, and how regulators responded, amid concern the crisis might still sp...
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Data Deluge: Businesses Struggle With TMI

Wall Street Journal - 20 Mar 2023 22:14
Data Deluge: Businesses Struggle With TMI The cloud helped open the floodgates on data collection. Now, IT departments are racing to make it usable for AI. 'In some instances, it is overwhelming,' one CIO says of the sheer amount of data.
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Hospital 'Black Boxes' Put Surgical Practices Under the Microscope Hospitals have begun to use the technology to help reduce medical errors and improve patient safety
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UBS' dramatic takeover of Credit Suisse was the deal neither bank wanted. Here's some of the passive-aggressive digs from both sides. UBS acquired Credit Suisse in a rescue takeover this weekend. But neither side seemed to be too happy about the outcome.
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If Credit Suisse went for a song, how much are all the unicorn neobanks really worth?
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Besides a hair-loss lawsuit, Olaplex faces challenges growing the brand, from getting into new salons to maintaining market share against rivals.
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How scandal and mistrust ended Credit Suisse's 166-year run The Swiss bank had no choice but to accept a marriage of convenience with its rival after a crisis of confidence swept across debt markets
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Animoca's Yat Siu Says Crypto Is Becoming A 'Safety Net' Amid Banking Crisis The chairman of Asia's largest blockchain investor thinks volatile cryptocurrencies are a relatively safe investment as the traditional financial world is rocked by the Credit Suisse turmoil and the failure of a string o...
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Belgian Crypto Ads Must Warn of Risks Under New Rules The Financial Services and Markets Authority will have to be notified of major ad campaigns, as a survey reveals crypto investors are often trying to get rich quick.
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Tech investor and entrepreneur Weili Dai today unveiled her latest venture: Story Machine, a tool for creating games that uses generative AI.
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Stock Futures Waver After UBS Strikes Deal to Buy Credit Suisse

Wall Street Journal - 20 Mar 2023 14:38
Global bank stocks came under pressure following the tie-up, which was engineered by regulators.
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Ministers to pursue loosening of bank rules in teeth of industry crisis Ministers are to pursue another step towards loosening the banking reforms introduced after the 2008 financial crisis despite the turmoil which prompted the emergency takeover of Credit Suisse at the weekend.
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Credit Suisse's Death Gives Birth to New Type of Bank Crisis

Wall Street Journal - 20 Mar 2023 14:16
Solid ratios were no defense against a rapid loss of confidence at the Swiss lender, and the way it is being unwound sparks fresh banking sector fears.
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