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Business News

Location American Business News for 12 June 2023
New research reveals the most valuable Barbies of all time with an average maximum resale price ranging from $886 to $27,450.
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Crypto Tax Software Firm Taxbit Lays Off Almost 40% of Its Staff Taxbit - a software company that assists cryptocurrency holders with tax compliance issues - has cut nearly half of its staff in an effort to re-expand in the U.K. and EU, the company told employees on Thursday. ...
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Blockchain-Based, AI Compute Protocol Gensyn Closes $43M Series A Funding Round Led by a16z The capital infusion comes as interest in AI surges. Gensyn said it would use the money to accelerate the launch of the protocol and expand its workforce.
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Investors should be wary of the stock market's ongoing rally because it's reminiscent of the time that led up to the 2008 financial crisis, Bob Michele said.
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Layne's Chicken Fingers Extending Its Boundaries Beyond Texas A Texas-based Layne's Chicken Fingers specialty restaurant chain is growing by franchising and adding several new states to its geographic zones.
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Tucker Carlson has received 'cease-and-desist' letter from Fox News over new show on Elon Musk's Twitter, report says The former Fox News host has received a cease and desist letter from the network following the launch of his new show on Twitter.
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Projecting $100 Million, Hemp Startup MOOD Confounds Expectation Launched last August, hemp startup MOOD is already projecting $100 million by the end of this year. CEO David Charles discloses the secrets of his company's success.
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JPMorgan Chase Settles Jeffrey Epstein Accusers' Suit

Wall Street Journal - 12 Jun 2023 14:28
JPMorgan Chase Settles Jeffrey Epstein Accusers' Suit The lawsuit alleged the financial institution facilitated Jeffrey Epstein's sex-trafficking operation.
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More than 2,000 people to be made redundant at UK freight company More than 2,000 people are to be made redundant as Tuffnells, the Sheffield-based delivery company, enters administration.
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Online Prices Down 2.3% In May; Biggest Decline In Three Years The downward trend in online prices continued for the ninth month, although online grocery prices are still rising.
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Bitcoin to fight against European challenges -- Northern Lightning founder The Bitcoin community continues to develop tools and services that could be helpful as Europe grapples with conflict, migration and government overreach.
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Latin American Crypto Holders Shift to Bitget Exchange Following Binance and Coinbase SEC Crackdown In the aftermath of the US Securities and Exchange Commission's crackdown on major crypto exchanges Binance and Coinbase, Latin America's crypto holders have reacted to this development with a surge of new accounts regis...
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The United States' Electric Vehicle Market Is (Finally) On The Move The U.S. electric vehicle market is accelerating thanks to federal policies - and that will have major benefits for automakers, manufacturers, and consumers.
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Business energy start-up sparks into life with £2.5m funding deal A business energy start-up which allows customers to purchase supplies directly from renewable generators is being sparked into life with a £2.5m funding injection.
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HSBC unveils new banking plans; call for e-sports to be taught in schools Today's episode looks at Rishi Sunak's call for Britain to become a global leader in business technology investment as London Tech Week gets under way.
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Nasdaq to Buy Financial-Software Firm Adenza

Wall Street Journal - 12 Jun 2023 12:49
Nasdaq to Buy Financial-Software Firm Adenza Nasdaq has agreed to acquire Adenza, a maker of software used by banks and brokerages, in a $10.5 billion cash-and-stock deal.
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Sainsbury's resumes talks about sale of £650m mortgage book Sainsbury's has revived its efforts to sell a £650m mortgage book months after calling off talks with the Co-operative Bank about a deal.
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California's $100 Billion Electric Bullet Train Will Be Fully Solar Powered The initial segment of the country's most expensive infrastructure project is getting a utility-scale clean power system.
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I've traveled 18,000 miles in an electric car. Here are the 4 things that surprised me about long-distance EV road trips. Gia Mora took an electric car on several long-distance road trips, accumulating 18,000 miles. Here are four things she learned about her new EV.
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WeWork Faces More Turmoil After Its CEO Departs

The New York Times - 12 Jun 2023 11:01
WeWork Faces More Turmoil After Its CEO Departs The company's top boss, a real estate industry veteran, abruptly left in May after growing frustrated with SoftBank, its largest shareholder and lender.
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'It's not an opportunity, it's a necessity': How one Puerto Rico community is transitioning to a solar microgrid Residents in Adjuntas, Puerto Rico, have built the island’s first community-owned solar microgrid. This article originally appeared in Nexus Media News and Next City as part of a series that looks at how cities are tac...
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ALGO, FLOW rebound from all-time lows, others rebuff SEC securities label The SEC's tagging of cryptocurrencies as securities has greatly affected the crypto market causing Algorand and Flow to hit historic lows on June 10.
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