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Business News

Location American Business News for 4 May 2023
Stephen Deckoff buys Jeffrey Epstein's islands for $60M to build luxury resort Stephen Deckoff has plans to turn the infamous islets -- with the smaller of the two dubbed "Pedophile Island" -- into a 25-room luxury resort.
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United to hire thousands in Chicago as the airline looks to continue adding employees United Airlines plans to hire 15,000 employees this year, with the largest group of new jobs in Chicago
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We moved from Chicago to a laid-back remote island in the South you can only get to by boat. We love it so far. The Downings moved to South Carolina's remote Daufuskie Island, where their commuting costs are halved, taxes are lower, and golf carts replace cars.
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DoorDash Inc. on Thursday raised its guidance for the full year.
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Layer 2 Network Optimism to Use Ethereum Attestation Service to Promote User Trust The attestation service will allow any Optimism user to create digital sign-offs on all kinds of information involving the blockchain's activities and users.
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First Mover Americas: Bitcoin Pushes Above $29K After Fed Rate Hike The latest price moves in bitcoin (BTC) and crypto markets in context for May 4, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
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Going Green With the Sustainability Leadership Forum As brands and consumers become increasingly aware of their roles in the growing climate crisis, meaningful messaging and action are more important than ever. Empty promises aren't enough, though. How can marketing leader...
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Zoho's integration of OpenAI's ChatGPT into Zia revolutionizes customer experience, privacy & value for small businesses.
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Crypto Exchange Coinbase Faces Legal Action Over Biometric Data Collection The Nasdaq-listed cryptocurrency exchange Coinbase has been accused of "wrongfully" profiting from its users' facial and fingerprint scans. "Coinbase collects, stores, possesses, otherwise obtains, uses, and disseminates...
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Groups are popping up on social media calling themselves the "MULN army," according to the meme stock trader.
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First Horizon Stock Plunges 43% As TD Abandons $13.4 Billion Takeover Toronto-Dominion (TD) broke free of $13.4 billion deal to overpay for First Horizon
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Bitcoin Price Prediction as US Interest Rate Decision is Announced - Is the Bear Market Over? As the United States Federal Reserve announces its latest interest rate decision, the world watches with bated breath to see how the cryptocurrency market will react, particularly Bitcoin. In recent months, the highly vo...
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Etsy Inc.'s stock rose quickly in extended trading Wednesday after the e-commerce company reported results that topped analyst revenue and earnings estimates.
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Chatgpt 'Is the New Crypto,' Meta Says Malware Actors Exploit AI Craze A growing number of malware creators are now taking advantage of the significant interest in Chatgpt to lure victims, Facebook owner Meta has noticed. According to its head of information security, the AI-based chatbot i...
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Apple Beats Quarterly Profit And Sales Estimates--Led By Record Services Revenue Apple, which accounts for 7% of the S&P 500's breadth, made $24.2 billion in profit during the first three months of 2023.
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Banking fears piled up on Thursday, with shares of PacWest and Western Alliance plummeting throughout the trading session.
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The Reactionary Political Theater of CBDC Bans

Coin Desk - 4 May 2023 20:38
The Reactionary Political Theater of CBDC Bans The jury is out on whether the benefits outweigh the risks of central bank digital currencies, but stymying research and passing premature legislation comes with its own harms.
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Crypto Firms Find a Way to Bank Without Banks

Wall Street Journal - 4 May 2023 18:00
Crypto Firms Find a Way to Bank Without Banks Middlemen companies are providing banking services to the nascent industry.
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After Qwick cut its work week to 32 hours, employees who reported feeling well-rested and ready for work on Monday increased 32%.
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PacWest stock plunges as company weighs options, reigniting regional bank collapse worries PacWest stock continued to plunge Thursday as the company sought to calm investors, saying it's exploring options. The stress hit regional bank shares      
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Alex Chachava pulled off a difficult extraction last fall when he acquired much of My.Games and moved the company's operations out of Russia.
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Saudi Arabia is planning to execute three local tribe members who opposed its futuristic NEOM megacity project, UN experts warn A group of UN human rights experts sounded the alarm over death sentences given to Saudi tribesmen who protested the NEOM development.
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