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Business News

Location American Business News for 19 June 2023
Here's What We Know About OceanGate's Sub That Tours Titanic--Using 1 Button The missing submersible is operated from the inside by a single button, is about the size of a minivan and costs $250,000 for a ride.
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Empathy: A Strength, Not A Weakness

Forbes - 19 Jun 2023 19:43
Empathy: A Strength, Not A Weakness "Do you have the courage to practice empathy in your daily life?"
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More than 40 big European firms pledge to hire and train 250,000 Ukrainian and other refugees.
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Women's World Cup: Dumornay Gives Haiti The X Factor Teenager Melchie Dumornay could be the player that makes a difference for Haiti as they hope to spring a surprise in their debut appearance at the Women's World Cup.
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B2Broker Announces NDF Asset Class Addition, Reduced Margin Requirements, and Updates to PoP Liquidity Offering Package PRESS RELEASE. B2Broker, a prominent global liquidity provider in the FX and crypto industry, proudly declares the inclusion of Non-Deliverable Forwards (NDFs) in its extensive range of liquidity offerings. This strategi...
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Alphabet and Meta boasted some of the highest median wages of the S&P 500 in 2022, but a real-estate-investment portfolio took the top spot.
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'Elemental' Writers Unpack Pixar Secrets, Including A 'Chinatown' Version Of The Animated Film 'Elemental' is now playing in theaters everywhere.
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Blinken Meets With Xi Jinping In Beijing As U.S. And China Try To Address Tensions Blinken held high-level talks with China's foreign minister Qin Gang and top diplomat Wang Yi before meeting Xi on Monday.
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Minority-owned development firms have been in short supply in Chicago. New initiatives aim to change that. New mentorship programs are helping to nurture Black and brown developers.
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New Zealand House Prices Have Crashed, Wiping Out Billions in Wealth In New Zealand, high interest rates have sent property prices sliding nearly 18 percent since November 2021.
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JPMorgan Expects Dollar Dominance to Persist Even if China Overtakes US as World's Largest Economy JPMorgan’s strategists have explained that even if China overtakes the U.S. as the world’s largest economy around 2030, the U.S. dollar may remain the world’s dominant currency for the rest of the 21st century. The...
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Fed rate pause triggers traders' pivot to stocks -- Will Bitcoin catch up? U.S. stock markets hit year-to-date highs, the Fed paused rate hikes, and Binance.US and the SEC reached an agreement, but data shows Bitcoin bulls remain somewhat skittish.
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Investment Firm Republic Buys Stake in Crypto Broker-Dealer INX at $50M Valuation Republic will acquire around a 9.5% stake in INX following the initial investment, with a commitment to acquire of 100% of equity at a valuation of $120 million as early as Q3 this year..
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Banks should be very cautious when considering working with crypto firms CEOs have to determine if this is really a viable business in a viable sector and whether these deposits can be safely used to support the fundamental mission of providing credit to the community.
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New Land Grab by Oil Giants Is Deep Underground

Wall Street Journal - 19 Jun 2023 15:00
New Land Grab by Oil Giants Is Deep Underground Companies are shelling out big dollars to get rights to subsurface holes where they hope to store carbon dioxide.
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World's Biggest Offshore Center Backs Effort to Fight Corporate-Tax Avoidance Swiss voters overwhelmingly supported a global move to establish a minimum tax on corporate profits.
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First Mover Americas: Bitcoin Trades Flat, Altcoins Nurse Losses The latest price moves in bitcoin (BTC) and crypto markets in context for June 19, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
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How AI Has the Advertising Business Excited---and Worried

Wall Street Journal - 19 Jun 2023 14:00
How AI Has the Advertising Business Excited---and Worried Using ChatGPT, Midjourney, DALL-E 2 and other artificial intelligence tools to create ad campaigns can save time and money, but introduces new risks for agencies and their clients.
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Alibaba Billionaire Jack Ma Steps Back Into Spotlight--But As A Teacher, Not A Tech Mogul Ma, formerly China's richest person, has largely disappeared from public life since criticizing Beijing's regulators in 2020.
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What's in Your Bag or Briefcase? Smucker CFO Wants It to Include Uncrustables Sandwiches The Uncrustables brand is boosting sales for J.M. Smucker, which is in part because of broad appeal, according to CFO Tucker Marshall.
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Alzheimer's Blockbuster Is Coming, but Slowly

Wall Street Journal - 19 Jun 2023 13:00
Developers of Alzheimer's drugs have work cut out for them getting the treatments to patients.
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Judge orders Enbridge to remove oil pipeline from Wisconsin tribal land within 3 years, pay $5 million The ruling came after the Bad River Band of Lake Superior Chippewa sued Enbridge in 2019, claiming the around 12 miles pipeline is in danger of rupturing on their land and that land agreements allowing it to run on the r...
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