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Business News

Location American Business News for 1 May 2023
Longtime Alsip banquet hall Chateau Bu-Sche' has new owner, to reopen with new name The Chateau Bu-Sche, which had operated as a banquet facility in Alsip for more than 45 years, has a new owner who plans on remodeling the interior and adorning the building with a new name, Beau Chateau.
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The Air Has Come Out of the Dollar

Wall Street Journal - 1 May 2023 11:30
The U.S. economy no longer looks so exceptional. That is bad news for the dollar.
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U.S. Bank Failures Are Fueling Crypto Adoption Cryptocurrency adoption in the U.S. increased amid fears of a full-blown banking crisis, a new poll finds. According to Morning Consult, 22% of Americans, over one in five, said they owned at least one form of crypto in ...
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Robert Kiyosaki Says Regional Banks Are Being Wiped Out -- Calls Fed 'Criminal' Rich Dad Poor Dad author Robert Kiyosaki says the Fed is wiping out regional banks by supporting only big banks, like JPMorgan Chase. Stating that the Fed "is criminal," he warned that its actions "will bring down" the U...
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Exxon And Chevron Notch Earnings Beats As Big Oil Continues To Fire Chevron and Exxon Mobil have announced big earnings beats, as big oil continues to perform exceptionally well in the face of economic uncertainty.
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My monthly contrarian update of market timer sentiment
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Jamie Dimon has often expressed regret at his bank's past role as savior, but there is opportunity in latest rescue
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Israeli Startups Struggle to Raise Money Amid Political Turmoil, Global Downturn Companies at the major tech hub saw a 70% drop in funding in the first quarter of 2023 compared with a year prior and underperformed the worldwide average. The coming quarters should give a clearer picture of the impact ...
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JPMorgan Stock Up 5% After Buying First Republic From FDIC Has JPMorgan learned the right lessons of its Bear Stearns and WaMU takeovers?
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Hailed for Pristine Luggage, Rimowa Is Trying Something Different: Used, Dented Luggage Since 2015, Charles Skuba, professor emeritus at Georgetown University's McDonough School of Business, has taught an elective course on luxury marketing. And to each class, he gives the same assignment. A wealthy relativ...
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2 reasons why Bitcoin Ordinals are 'positive' for the BTC: Grayscale Ordinals have been a controversial topic within the Bitcoin community but crypto investment firm Grayscale says there's two main reasons to be optimistic.
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South Korea's exports fell, on an on-year basis, for a seventh consecutive month in April on weak global demand, their longest losing streak in more than three years.
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These sub-$40 upgrades make working from home even better Wheel around in your comfy-armed chair to grab a cold drink that won’t leave rings on your desk thanks to your giant mousepad. And more! I’ve been working from home for a long, long time. And I’ve tried every trick...
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Russian Official Expects Agreement on BRICS Currency This Year The chairman of the State Duma Committee on the Financial Market says that an agreement on the BRICS currency can be reached in 2023 as BRICS nations ramp up their de-dollarization efforts to shift away from U.S. dollar ...
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Trump agrees to appear on CNN for NH town hall, Kaitlan Collins to moderate "CNN This Morning" anchor Kaitlan Collins will serve as the town hall's moderator.
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First 113,000 letters about Medicaid health coverage renewals going out in Illinois this week The state is sending out an initial 113,600 letters that will tell people what actions they need to take to stay on Medicaid.
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Treasury Secretary Yellen warns that the U.S. could breach its debt ceiling as soon as June 1 if Congress doesn't raise the nation's borrowing limit.
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Hunter Biden Paternity Case: Arkansas Judge Orders President's Son To Answer Questions About Finances Hunter Biden must answer questions about his finances, including his art sales and investments, as part of a child support dispute with the mother of his 4-year-old daughter, an Arkansas judge ruled Monday.
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White House Considers Two Key Nominations at the Fed

The New York Times - 1 May 2023 23:43
White House Considers Two Key Nominations at the Fed Administration officials are considering Adriana Kugler, an official at the World Bank, for a Fed governor job, while elevating a sitting governor to the role of vice chair.
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The Federal Trade Commission is continuing its crusade against deceptive uses of artificial intelligence.
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Bitcoin Drops Below $28K; JPMorgan Takes Over Embattled First Republic Bank BTC's price had dropped from well above $29,000 since Sunday evening. Investors await Wednesday's FOMC decision.
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In Charlotte's Biggest Labor Protest In Two Decades, 500 American Pilots Decry Slow Pace Of Contract Talks In Charlotte's largest labor demonstration in two decades, about 450 American Airlines pilots protested the slow pace of contract talks near an entrance to Charlotte Douglas International Airport on Monday.
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