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Business News

Location American Business News for 15 May 2023

Henry Koperski Isn't Joking Anymore

The New Yorker - 15 May 2023 12:00
An in-demand accompanist to comedians (Matteo Lane, Catherine Cohen, Matt Rogers), he now also performs solo, as his alter ego, Henki Skidu, with a magic rock around his neck.
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What Exactly Can The Milwaukee Bucks Do This Offseason? The Milwaukee Bucks are very limited in what they can do to improve their roster this offseason.
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'American Idol' Viewers Reeling After 'One Of The Most Talented Singers' Gets Cut Fans can't believe this contestant was sent home just one week before the finals.
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What is the debt ceiling? What happens if we default, and why you should care. A contentious partisan conflict over raising the debt ceiling is playing out. The U.S. is set to run out of money to pay its bills as early as June 1.      
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Harvard Economics Professor: US Default Could Spark Global Financial Crisis Harvard economics professor Kenneth Rogoff, who previously served as the chief economist at the International Monetary Fund (IMF), has warned that the U.S. defaulting on its debt obligations could spark a global financia...
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Hedge Fund Mogul Stanley Druckenmiller Warns of 'Hard Landing' for US Economy Billionaire hedge fund manager Stanley Druckenmiller has a dire prediction for the U.S. economy: a recession is looming, and it’s likely set to hit this June. Druckenmiller's forecast comes as American consumer spendin...
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Microsoft, Goldman Sachs, and Others Back Canton Network, a New Financial Blockchain - Here's What You Need to Know A number of prominent technology and digital asset firms have expressed support for Canton Network, a new blockchain seeking to streamline financial markets through the use of Web3 technology. In a recent press release, ...
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Bankrupt Crypto Lender Celsius Transfers $75M of Ether to Staking Service Figment The maneuver represents one of the largest transfers of funds for Celsius Network since it filed for bankruptcy protection in July.
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First Mover Americas: Bitcoin Bounces Back From Friday Lows The latest price moves in bitcoin (BTC) and crypto markets in context for May 15, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
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Former University of Chicago Chancellor Robert Zimmer and his wife buy Lincoln Park home for $3.3M The couple have bought and sold several high-end properties over the past few years.
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Ribbon Finance's Decentralized Exchange Aevo Unveils Altcoin Options Trading Users will be able to trade options tied to coins like LDO, PEPE, SUI, ARB, LTC, APT, and others, which was previously possible only through an over-the-counter desk. .
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Rusty Old Oil Tankers Fetch Big Bucks

Wall Street Journal - 15 May 2023 13:00
Shipping companies are enjoying an earnings bonanza even if they won't carry Russia's oil.
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The district manager's actions and tone "caused the investigators to fear for their physical well-being," the DOL wrote in a lawsuit.
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'Indestructible' self-storage industry is booming, thanks to our overstuffed lifestyles "At the end of the world everyone says there will only be Twinkies and cockroaches left," said Courtney Kahler. "And I've added self-storage to that. It's an indestructible industry."      
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China Jails Elderly U.S. Citizen For Life On Espionage Charges A Chinese court convicted 78-year-old American citizen John Shing-Wan Leung on charges of espionage.
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The future of Ikea's blue box stores? Midnight raves and colossal art We talk to Ingka Group’s creative director Marcus Engman about Ikea’s bold retail plans. It wasn’t the first time cops broke up a party at Ikea. Read Full Story
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UK at risk of forgetting 'how to do things for ourselves', home secretary to say as she calls for net migration cut Britain is at risk of forgetting "how to do things for ourselves", the home secretary will warn, as she increases pressure on Rishi Sunak to cut net migration.
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Newcrest Mining said it has agreed to a $17.5 billion takeover by Newmont, extending a wave of deals in the sector as global miners seek to boost their exposure to metals like copper and gold.
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The second round of debt-ceiling talks between the White House and congressional leaders is tentatively set for Tuesday, President Joe Biden said Sunday.
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The deal would be the largest ever in the gold-mining industry.
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The study found a strong connection between contaminated water at Marine Corps Camp Lejeune and a higher risk of Parkinson's in over 300,000 veterans.
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Liquid Staking Leader Lido Upgrades to Second Version on Ethereum Lido users can now unstake their stETH and receive ETh at a 1:1 ratio.
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