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Business News

Location American Business News for 6 May 2023

CTA gets $200M in federal funding for new 'L' cars

Chicago Tribune - 6 May 2023 00:03
CTA gets $200M in federal funding for new 'L' cars The grant from the Federal Transit Administration will allow the CTA to buy up to 300 new electric train cars.
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Bitcoin Price Prediction as BTC Bounces from Local Bottom and Targets $30,000 Level - What Happens Next? Bitcoin's price has recently bounced back from a local bottom, sparking renewed optimism among investors and traders. As the leading cryptocurrency targets the $30,000 level once again, market participants are left wonde...
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What Investors Should Know About Money-Market Funds and CDs

Wall Street Journal - 6 May 2023 14:00
Investors are turning to these cash-equivalent investments, some of which are yielding 5% or more. But it pays to have a strategy beyond fear.
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Bitcoin Transaction Fees Surge to 2-year Highs - Where Next for the BTC Price? The mean fee to conduct a transaction on the Bitcoin network just shot to its highest level in nearly two years, as per data presented by crypto on-chain analytics firm Glassnode. On Friday, the average transaction fee c...
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E-commerce spending appears to have held up better than expected to start the year, and that could help PayPal when it posts earnings Monday afternoon.
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Elgin's A to Z Rentals closing after 69 years -- 'a tug-of-war between feeling great and feeling kind of sad,' owner says After 69 years, A-Z Rentals in Elgin is closing. Owner Phil Stumme says he's ready to retire as he sees the rental business changing and was unable to find anyone who wanted to buy it.
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Push to Use National Currencies in SCO Cannot Be Stopped, Russia's Lavrov Says Efforts to transition to trade in national currencies in the Shanghai Cooperation Organization (SCO) can no longer be stopped, according to Russian Foreign Minister Sergey Lavrov. During a meeting with his colleagues in ...
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Airport blunder leads to Frontier Airlines passenger being flown to a foreign country 900 miles away with no passport A New Jersey woman was flown from Philadelphia to Jamaica instead of to Jacksonville, Florida, after Frontier Airlines' departure mix-up.
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Bitcoin could rally 40% by the end of the year, according to a top blockchain founder Insider's Phil Rosen interviews a blockchain executive on the state of the economy and his bitcoin forecast.
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Florida Governor Ron DeSantis signs bill that could block Disney's real-estate developments as feud intensifies The Governor signed into law a bill that gives his board the chance to void real-estate development agreements signed by Disney in the last three months.
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3 of Tesla's earliest sports cars were discovered brand-new in shipping containers and are now up for sale The trio of museum-quality Teslas could sell for a fortune, but it isn't clear if they can drive after sitting for so long.
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Binance Faces DOJ Probe Over Possible Breach of US Sanctions on Russia Binance is under investigation by the US Justice Department over potential breaches of sanctions involving Russia. The probe is centered on whether Binance or its executives violated any sanctions related to Russia's inv...
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King Charles Inherits Bulging Royal Purse Thanks to Property Boom The monarchy is spending more than in decades. A real-estate play is picking up the tab.
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The Florida governor denounced Fox News' move to fire Tucker Carlson, saying it was "terrible" that the company let him go.
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The bombings began after Yevgeny Prigozhin announced plans to withdraw Wagner Group mercenaries from the region, blaming Vladimir Putin for their deaths.
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Strange, 7-foot-long cannibalistic fish with fangs that live in the deep sea are washing up on the West Coast and scientists don't know why Lancetfish have washed up in Oregon and California, where a video from 2021 showed the fish flapping its fanged jaw and writhing wildly on the beach.
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Fed Chair Warns of 'Uncertain and Adverse' Consequences of US Debt Default -- 'We'd Be in Uncharted Territory' Federal Reserve Chairman Jerome Powell has warned of “highly uncertain and adverse” economic consequences if the U.S. defaults on its debt obligations. "No one should assume that the Fed can protect the economy from ...
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New York bill targets cryptocurrency fraud that until now has faced little federal and state regulation      
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2 more developers gain city support to convert LaSalle Street offices into apartments, retail The redevelopment plans are part of a city effort to bring more housing, at least 30% of it affordable, to the Loop
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Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry'...
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Dunkin' has a new perk brewing for members of its rewards program. Rewards members can fuel up with a free cup of coffee every Monday in May.      
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Warren Buffett and right-hand man Charlie Munger are scheduled to answer roughly 60 questions from the public during the company's annual meeting.
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