Business News
IMF Economists Say Countries Should Address Crypto Demand Drivers Instead of Banning
Bitcoin.com - 23 Jun 2023 06:00
The International Monetary Fund’s (IMF) economists have cautioned that banning cryptocurrency "may not be effective in the long run.” Instead of outlawing crypto, they suggest countries should address "the drivers of...
Only Bitcoin Miners With Low Power Costs and High Sustainable Energy Mix Will Survive: JPMorgan
Coin Desk - 23 Jun 2023 10:21
Electricity costs played a vital role in the past year's bear market as miners struggled to survive, the report said.
Matrixport's Bitcoin Greed & Fear Index Surpasses 90%, Suggests Bull Breather Ahead
Coin Desk - 23 Jun 2023 09:19
Historically, an above-90% reading on the index has coincided with interim market tops.
Infiniti's Brand Refresh Looks, Sounds and Smells Like the Future
AdWeek - 23 Jun 2023 17:02
Beneath deep white concrete eaves, you peer through floor-to-ceiling windows into the seemingly floating building before you gleaming with ambient light. Inside, screens and slats take the place of walls while traces of ...
CFTC Takes Action Against New York Resident for $21M Crypto Pooling Scam
Coin Desk - 23 Jun 2023 10:17
The Commodity Futures Trading Commission (CFTC) has filed an enforcement action against a New York city resident, William Koo Ichioka, for fraudulently misappropriating over $21 million from over 100 commodity pool parti...
Temu reportedly thinks shoppers should be blamed if they buy goods from the site that were produced by forced labor
Business Insider - 23 Jun 2023 20:45Alameda Seeks Return of $700M Paid to 'Super Networkers' for Celebrity, Political Access
Coin Desk - 23 Jun 2023 10:41
Sam Bankman-Fried promised billions to Michael Kives and Bryan Baum after being awed by their connections to politicians, billionaires and reality TV stars.
Why Sports Empire Building Is On The Rise
Forbes - 23 Jun 2023 16:37
Investing in multiple teams versus one is a smart strategy for bundling assets that have historically increased in value but aren't tied to the economy or stock market.
Airbnb CEO Brian Chesky says he'll 'challenge any leader in tech to bench press' after Musk/Zuck cage fight vow
Business Insider - 23 Jun 2023 14:30
Elon Musk and Mark Zuckerberg appeared to agree to a cage fight. Now the Airbnb boss CEO told Bloomberg he's up for a gym battle with other tech execs.
The 'You-Make-A-Lot-of-Money Tax' Hits More Americans
Wall Street Journal - 23 Jun 2023 11:30
The net investment income tax is coming due for millions more taxpayers than a decade ago. That's no accident.
Earnings Results: Canopy Growth faces SEC investigation after BioSteel sales misstatements
Market Watch - 23 Jun 2023 02:29
Shares of Canopy Growth Corp. slid after hours on Thursday after the Canadian pot producer reported another quarter of deeper-than-expected losses.
: Virgin Galactic stock drops more than 13% after space-tourism company seeks to raise $400 million
Market Watch - 23 Jun 2023 02:10
Virgin Galactic Holdings Inc. stock dropped more than 13% in the aftermarket Thursday after the space-tourism company said in a filing it seeks to raise $400 million to improve its fleet and scale its business.
Federal Reserve Chair Discusses De-Dollarization Threat, Risk of US Dollar Losing Reserve Currency Status
Bitcoin.com - 23 Jun 2023 02:00
Federal Reserve Chairman Jerome Powell has discussed the threat of de-dollarization and the risk of the U.S. dollar losing its world's reserve currency status. He believes that the USD hegemony is a consequence of Americ...
3M Reaches $10.3 Billion Deal With Public Water Suppliers Over 'Forever Chemicals'
Forbes - 23 Jun 2023 00:12
The settlement will be paid over 13 years to water systems that have detected, or detect in the future, PFAS in their water.
Santander, Crédit Agricole Asset Servicing Arm Acquires French Crypto Custody License - Adoption on the Rise?
Crypto News - 23 Jun 2023 21:00
CACEIS Bank, the combined asset servicing arm of the major European banks Crédit Agricole and Santander, has acquired a French crypto custody license, according to the website of France's financial regulator. The licens...
'Destroyed the company': Software giant Anaplan begins layoffs after Thoma Bravo's $10.4B buyout deal
New York Post - 23 Jun 2023 18:55
At least 119 employees were laid off at Anaplan's San Francisco headquarters.
Thousands of Starbucks workers across 150 stores to strike over Pride decorations
New York Post - 23 Jun 2023 18:30
Starbucks has denied the claims by Starbucks Workers United that the Seattle-based coffee giant banned in-store Pride decorations during Pride Month.
Clean Energy's Latest Problem Is Creaky Wind Turbines
Wall Street Journal - 23 Jun 2023 16:36
Shares in Siemens Energy plunged by a third after it said turbine components are degrading faster than expected.
Economists Warn a Summer of Fun Could Lead to Autumn Pain
The New York Times - 23 Jun 2023 14:23
Consumers are splurging on expensive but fun experiences, from nights out to concerts -- and that may force central banks to keep raising rates.
Ensure Equitable Recruiting And Hiring With These Nine Practices
Forbes - 23 Jun 2023 14:15
Companies may unintentionally be biasing themselves against candidates who may not thrive in one kind of hiring process but who are otherwise well-suited for the role.
Warren Buffett has given Berkshire Hathaway stock worth $130 billion today to philanthropic groups. Here's a chart showing his donations since 2006.
Business Insider - 23 Jun 2023 14:08A law firm was fined $5,000 after one of its lawyers used ChatGPT to write a court brief riddled with fake case references
Business Insider - 23 Jun 2023 13:55
The lawyer said that he had "no idea" ChatGPT could fabricate information and that he "deeply" regretted his decision.