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Business News

Location American Business News for 13 May 2023
The nation's largest bank is rebutting the claims of GOP attorneys general and treasurers, who say the bank mistreats people of faith.
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Inside Canada's polar bear 'jail' where bears go without food and are kept behind bars — but it's not what you might think Polar bear "jail" is a holding facility in Churchill, Canada, where humans and bears live among each other. It has saved many bear and human lives.
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IMF Warns of 'Very Serious Repercussions' if US Defaults on Debt Obligations The International Monetary Fund (IMF) has warned of “very serious repercussions” to both the U.S. and the global economy if the U.S. defaults on its debt obligations, which could be as soon as June 1. "We are calling...
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What You Need To Know Before The Eurovision Grand Final The global singing contest grand final, airing live on Saturday, featuring 26 songs culled from the 37 countries that entered the competition, will be filled with highly technical stage performances.
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The Fed Might Finally Let These 11% Yielders Off The Floor What's up with floating-rate funds?
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Rolls-Royce CEO Embarks on 'Last Chance' Overhaul at Jet-Engine Maker Tufan Erginbilgic has replaced senior management and is renegotiating billions of dollars in contracts. He says there is more work to be done.
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The housing market has frozen over. Here's why home affordability isn't getting better soon, real estate experts say "A year ago it was insanely unaffordable. And maybe now it's just a little less insanely unaffordable," Redfin's deputy chief economist told Insider.
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Chase is opening airport lounges in the US as it takes a page from Amex's playbook — take a look at the first one A new Chase Sapphire Lounge is opening May 16 at Boston Logan International Airport, featuring a taproom, cocktail bar, and wellness center.
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Ethereum Network Recovers after Two Consecutive Performance Issues Reported in 24 Hours The Ethereum network has recovered after suffering from two performance issues in the past 24 hours that resulted in blocks not being finalized. In a Friday tweet, pseudonymous Ethereum developer Terence.eth revealed tha...
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Twitter's new CEO hasn't even started yet, but she already has a parody account that's 'suspended' Elon Musk Elon Musk announced Friday that NBCUniversal's Linda Yaccarino will take over running Twitter in the coming weeks.
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The only person to ever hold the title of BlackRock CEO says he has no imminent plans to retire--but he is grooming several executives who could take the reins.
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Two months after the failure of Silicon Valley Bank, the lender's depositors in the Cayman Islands have been left out in the cold.
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The Debt Ceiling Might Need Market Sell-Off

Forbes - 13 May 2023 07:19
The Debt Ceiling Might Need Market Sell-Off The US debt ceiling debate is brewing into a spectacle that could spur market volatility given that few of the parties have an incentive to give in.
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Award-Winning Green Web3 Start-up Ecoterra Raises $3.5 Million as Investors Swoop In Ahead of 10% Price Rise Award-winning green web3 start-up ecoterra's presale continues to fly, with sales of its native $ECOTERRA token having now surpassed $3.5 million as investors swoop in ahead of a 10% token price rise. Ecoterra is buildin...
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Sleeping Bitcoin Wallet Awakens: $3.7M Worth of BTC Suddenly Moves After Close to 12 Years of Dormancy On May 11, 2023, a long-inactive bitcoin wallet sprang to life and transferred a substantial 139.7 bitcoin worth $3.7 million. The address, established on June 19, 2011, has contributed to the year’s total of 1,125.37 ...
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Automotive Tech Billionaire to Acquire Majority Stake in Forbes

Wall Street Journal - 13 May 2023 00:22
Automotive Tech Billionaire to Acquire Majority Stake in Forbes The deal struck by 28-year-old Austin Russell values the business publication at close to $800 million.
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Coinbase screws up, Florida bans CBDCs, and Ordinals face controversy: Hodler's Digest, May 7-13 Calls for a boycott of Coinbase over memecoin controversy, Florida's ban on CBDCs, and the effects of Bitcoin Ordinals on the BTC network.
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Abortion Ban Divides North Carolina: Gov. Cooper Vetoes Limits--GOP Legislature Pressed To Override Cooper noted a vote from "just one Republican" is needed to sustain his veto.
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Personal assistants such as Alexa and Siri are being offered by the biggest names in tech, and Morgan Stanley analysts are betting on one Big Tech name to win.
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What Are We Paying Indexers For Being Passive? Part 2 In this segment, I argue that passive index creates index zombies that survive because of relatively guaranteed demand for their stock from indexers. I also hypothesize that indexing reduces the production of value relev...
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Hold On, 'The Walking Dead: Dead City' Actually Looks . . . Really Good I haven't been an enthusiastic fan of The Walking Dead in a very long time.
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Gen Z is changing American car culture. The number of young people with licenses continues to decline, indicating a shift in how young people interact with cars.
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