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Business News

Location American Business News for 24 May 2023

Daily Cartoon: Wednesday, May 24th

The New Yorker - 24 May 2023 16:35
Daily Cartoon: Wednesday, May 24th "We'll add some words and plot once the writers' strike is over."
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Dispelling the finfluencer myth: Be wary of misleading advice Financial influencers have no special formula to help you make money.Finfluencers grew in popularity during the pandemic when people started working from home. Many mobile apps to buy and sell stocks emerged, making it e...
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Cirque du Soleil Entertainment Group and Gamefam have teamed up to create an immersive world inside Roblox.
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Rapper Fetty Wap Sentenced To 6 Years In Prison For Drug Trafficking The rapper pleaded guilty to trafficking more than 220 pounds of heroin, fentanyl and crack cocaine.
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Bitcoin's Declining Correlation With Stocks Revives Its Appeal for Investors: K33 Research The correlation of BTC's price with the NASDAQ index has fallen to 17-month lows, making the asset attractive again for portfolio diversification, crypto research firm K33 noted.
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How Small Companies Compete with -- and Beat -- Big Ones

Harvard Business Review - 24 May 2023 12:15
Strategy lessons from TaoBao’s defeat of eBay in China.
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GamesBeat unveiled its 2023 Visionary Awards at the close of the GamesBeat Summit 2023 event in Los Angeles today.
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Leslie Barrett Named President of Goodby Silverstein & Partners Goodby Silverstein & Partners (GS&P) has named managing partner Leslie Barrett as its next president, only the third person to hold the post over the past 30 years. Barrett takes over the role from Derek Robson, a 17-yea...
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Tina Turner, rock legend, dies at 83

livemint.com - 24 May 2023 21:21
Tina Turner, rock legend, dies at 83 Tina Turner, the Grammy Award-winning singer who endured an abusive marriage, cancer and a stroke and made it into the Rock & Roll Hall of Fame, has died. She was 83
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Amanda Gorman, who read a poem at Joe Biden's inauguration, says she was "gutted" after sharing the parent's request to have the book censored.
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'Chinese Ethereum' Conflux Draws Spotlight as Hong Kong Welcomes Retail Traders CFX tokens initially spiked in price after Hong Kong's decision on retail investors, which some say could lure capital from Chinese investors.
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Why Bitcoin is stuck below $28,000 resistance

Coin Telegraph - 24 May 2023 14:00
Why Bitcoin is stuck below $28,000 resistance On this week's episode of The Market Report, Cointelegraph's resident expert discusses why Bitcoin's price is stuck near $27,000 and the next price level for the king of cryptocurrencies.
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African Fintech M-Kopa Secures $200M in Debt Financing Plus $55M in Equity Funding Kenya-headquartered African fintech M-Kopa is reported to have secured $200 million in debt financing and an additional $55 million in equity funding. Financial services group Standard Bank Group led the debt financing r...
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5 Key Threats AI Poses To Business Owners In 2023 (and How To Survive Them) Business owners are freaking out about artificial intelligence, and you can see why. Here are the 5 key threats AI poses, and how you can stop them ruining your business.
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Reuters Says They Stand by Its Reporting On Binance Commingling Customer Funds Reuters says it stands by its reporting following criticism it received from a Binance executive on its story that said the world's largest crypto exchange commingled customer funds. In a story published on Tuesday, Reut...
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Chicago Bears general manager Ryan Poles buys $2M Lincolnshire home The modern farmhouse-style home sold for above its asking price, likely due to certain upgrades
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Putin Wants Limit on Currency Purchases for Russians Dealing With Foreigners Russian citizens and firms doing business abroad may soon be restricted in the amount of foreign currency they are allowed to acquire, on order from Vladimir Putin. Russia's head of state now wants his government to cap ...
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Debt Ceiling Drives Dow to Fourth Session of Losses

Wall Street Journal - 24 May 2023 22:29
A lack of progress in negotiations over the debt ceiling has weighed on U.S. stocks this week.
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Crypto Execs Give Washington Influence Another Go With FTX Anchor Around Necks When Washington, D.C. lawmakers tune into their favorite Sunday morning political shows this week, they'll also get a dose of crypto messaging, thanks to a Coinbase (COIN) campaign that's part of the next stage in the in...
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Black Market for Worldcoin Credentials Pops Up in China The startup looking to create a global blockchain-based identification system using iris scans is getting duped by Chinese users.
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Target removes some Pride merchandise from stores amid safety concerns for workers The retail giant has sold items supporting the LGBTQ community for years, and its Pride line has grown each year. Pride month is just around the corner, but instead of taking rainbow totes and tees to the next level, Tar...
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Bitcoin dips 5% to key support in 'moment of truth' for crypto market Both BTC price and the total crypto market cap line up a retest of the 200-week moving average -- a key bear market support line.
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