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Business News

Location American Business News for 31 May 2023
Bitcoin fragments could become more valuable than full Bitcoins Collectors known as "sat hunters" are collecting satoshis from rare Bitcoin -- and those fragments may eventually be worth more than regular Bitcoin.
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Key GOP House Member Floats Holding FBI Director In Contempt Over Biden Probe The GOP-led House Oversight Committee is seeking a document from the FBI that purportedly makes allegations about Biden.
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Today in Crypto: Xapo Integrates USDT Payment Rails, Police Reportedly Detains Trust Reserve Core Team, Reserve Bank of India Deputy Governor Recommends All Banks Adopt Blockchain & AI Get your daily, bite-sized digest of cryptoasset and blockchain-related news - investigating the stories flying under the radar of today's crypto news.__________...
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Blockchain firm raises $25M to develop third-generation architecture Intent-centric blockchain protocol Anoma secures $25 million in funding to continue developing its third-generation architecture.
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US Government Presses for Independent Examiner in FTX Bankruptcy Case Following the U.S. bankruptcy court judge’s rejection of the U.S. Trustee’s plea to designate an impartial investigator for the FTX bankruptcy case, the government is now appealing this verdict. In essence, the U.S. ...
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Hydrogen Is Ramping Up In The Energy Transition, But It May Be Oversold A hydrogen industry may take a large bite out of the 5-7% hard-to-abate emissions of global energy by 2050, but the biggest chunk of emissions still remains: 93-95%.
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Unilever's Marketing and Digital Chief to Leave

Wall Street Journal - 31 May 2023 01:00
Unilever's Marketing and Digital Chief to Leave Conny Braams will step down after 33 years with the consumer-goods company known for attaching its products to social or environmental causes. Her departure comes amid big changes in Unilever's C-suite.
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Bud Light losing status as top-selling beer as Modelo closes gap after sales plunge The plunge follows a 24.6% decline from the previous week and the sixth straight week sales have been hit since Dylan Mulvaney promoted Bud Light on April 1.
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Lights, Camera, Lack Of Action: Report Exposes Hollywood's Dwindling Latino Representation Hollywood companies are facing a series of challenges. By ignoring the U.S. Latino consumer, it may risk alienating the major source of demographic growth in the country
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Venture Capital Firm Tribe Capital Targets $100M for Latest Crypto Fund: Sources Tribe plans to make early-stage investments of $500,000-$3 million in layer 1 and 2 ecosystems, DeFi projects and infrastructure plays to bring real-world assets on chain.
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Yeezy Sneakers Go Back on Sale as Adidas Looks to Move Past Controversy Adidas released the first batch of more than $1 billion worth of Yeezy-branded sneakers, putting in motion the final steps in the agonized, monthslong dissolution of its once-lucrative collaboration with Kanye West.
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How Bad Is China's Economy? Its Stocks Are Now in a Bear Market

Wall Street Journal - 31 May 2023 13:59
How Bad Is China's Economy? Its Stocks Are Now in a Bear Market China's stock market experienced a boom earlier this year, but the rally didn't last.
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How Slip.stream's Royalty-Free Music Is Bumping Artist Revenue The largest royalty-free music resource, Slip.stream, empowers artists to leverage content and elevate their social channels.
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Bosch's Race To Hydrogen: A Complete Ecosystem Of Products In the race for the hydrogen truck, the 130-year-old Bosch corporation stands out as a strategic and agile long-distance runner.
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A Business Exit Using An ESOP Can Benefit The Owner And Employees With an ESOP, you can keep your company's values and culture in place when you exit by turning it over to those who helped create them--your employees. It's a win win.
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How Walmart Associate Education Programs Have Evolved Walmart covers 100% of the cost of tuition and books; an offer extended to all associates starting on the first day they work for the company.
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Ford quadruples price of BlueCruise technology, triggers Mustang Mach-E owner backlash Ford says it's taking customer feedback "seriously" in response to the price hike on BlueCruise hands-free driving technology.      
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Mutual Funds: Kotak FMP Series 312, Baroda BNP Paribas Value Fund NFOs close today. Should you invest? Kotak FMP Series 312, a close-ended income fund, and Baroda BNP Paribas Value Fund, an open-ended equity value fund, both with a minimum investment of ₹5,000, are closing today
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Crypto Too Risky for 'Most' Russians, Says Finance Ministry - But Could Be 'Suitable' for 'Some' Crypto is too risky for "most" Russians, the nation's Finance Ministry has claimed. But the ministry claimed tokens could be "suitable" for "professional investors." Per the media outlet Nizhny Novgorod, the comments wer...
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Data for May show China's massive property sector is still struggling to turn around, despite signs of recovery earlier this year.
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Goldman partner Dina Powell McCormick jumps ship for firm run by Solomon rivals Powell McCormick, 49, will join investment and advisory firm BDT & MSD run by Gregg Lemkau -- once thought to be a contender for Goldman CEO -- and Byron Trott.
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Disney blasted for allowing mustachioed employee to wear dress, makeup A viral video shows the mustachioed Fairy Godmother's Apprentice welcoming a young girl at Disneyland's Bibbidi Bobbidi Boutique in Anaheim, California.
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