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Business News

Location American Business News for 2 July 2023
'It's a disaster': California farmer faces ordeal as pistachio farm sits underwater A California businessman invested his savings in a pistachio farm. The return of Tulare Lake has left hundreds of his acres underwater.
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Russia canceled its premiere international air show because it was afraid nobody would show up, UK intel says Security concerns over recent drone attacks in Moscow and Wagner's mutiny also influenced the event's cancellation, the UK Ministry of Defense said.
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Biggest Movie Of 2023 (So Far): 'Super Mario Bros. Movie' Trounces Guardians And A Mermaid The highest-grossing films of 2023 so far come as no surprise as superhero flicks and family-friendly matinees hit it big.
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Biggest Live Audience For A Sports Event In 2023? It Wasn't The Super Bowl Or Kentucky Derby The crowd at the Indianapolis 500 was more than triple the size of this year's Super Bowl.
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Market Bets on Cheaper Oil, Dashing Saudi Hopes for a Price Rebound The oil market has flashed a warning to Saudi Arabia: The world economy is weakening, and the kingdom's efforts to boost prices have run into a wall of excess supply.
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Restaurants open July 4th: What to know about McDonald's, Starbucks, Chick-fil-A, more Most restaurants and fast food places will be open on July 4th, but some chains, like Chick-fil-A and Applebee's may have limited hours.      
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The US is close to approving the supply of ATACMS to Ukraine, a report said. Here's why Kyiv need them to win the 'deep battle.' The Army Tactical Missile System (ATACMS) could strike Russian targets far beyond the front lines and help Ukraine win the "deep battle."
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Daniel Ivascyn, Pimco's chief investment officer, told the Financial Times he doubted central banks could soon tame inflation and bring rates down.
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"Investors should therefore expect a continuing tailwind from global liquidity instead of last year's severe headwinds."
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Top 10 Brands For Excellent Customer Service: Amazon, Walmart, Target, Apple & More There will be naysayers who believe, based on their personal experience, that some of these companies don't belong on the list.
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4 Habits To Help Entrepreneurs Achieve Business Success Being an entrepreneur hasn't gotten any easier. But today's entrepreneurs are learning to prioritize health and joy over (some of) the suffering and sacrifice.
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40% of South Africans Familiar With the 'Concept of Web3' -- Study Some 40% of South African survey participants are familiar with the concept of Web3 and a further 80% believe the technology backing cryptocurrencies can “transform or fully rebuild the financial system,” according t...
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A $300,000 electric flying car just won approval for test flights Alef Aeronautics said the FAA Special Airworthiness Certificate meant test flights for the Model A could now begin. It's already taking pre-orders.
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Crypto Exchange Kraken Ordered to Submit User Transaction Data to IRS - Here's the Latest Cryptocurrency exchange Kraken has been ordered by a judge to submit a vast amount of user information to the Internal Revenue Service (IRS) for an investigation into potential tax evasion. The United States District Cou...
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Here's what could happen to the Wagner Group after the armed rebellion against Russia failed The Wagner paramilitary group, led by Yevgeny Prigozhin, attempted an armed rebellion in Russia last weekend — but failed.
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Lithium Scarcity Pushes Carmakers Into the Mining Business

The New York Times - 2 Jul 2023 11:01
Lithium Scarcity Pushes Carmakers Into the Mining Business Ford, General Motors and others are striking deals with mining companies to avoid raw material shortages that could thwart their electric vehicle ambitions.
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Ethereum Co-Founder Vitalik Buterin on SEC Crypto Enforcement Actions: 'The Real Competition Is the Centralized World' Vitalik Buterin, a co-founder of Ethereum, the second largest cryptocurrency project by market cap, took a stance on the recent actions that the U.S. Securities and Exchange Commission (SEC) has taken in the field of enf...
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June 2023 Mining Stats: Bitcoin Hashrate and Difficulty Reach New Peaks While Revenue Lags Over the past 30 days, bitcoin miners discovered 4,324 block rewards during the month of June, with approximately 37 mining pools dedicating hashrate to the blockchain. The blockchain achieved two milestones in June, as ...
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Argentina Allows Banks to Open Yuan Accounts -- Economist Says It Could Boost Chinese Currency as Safe Haven Alternative to US Dollar The central bank of Argentina has officially included the Chinese yuan as a recognized currency for making deposits in bank accounts. "Opening yuan accounts could attract more people and enterprises to exchange Argentini...
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The firm is still shipping gas from Siberia despite its promise to withdraw from the Russian energy market.
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Former SEC Official Defends Chair Gensler -- Urges Crypto Community to Quit Personal Attacks, Focus on Facts The U.S. Securities and Exchange Commission (SEC)’s former head of internet enforcement has defended SEC Chairman Gary Gensler’s approach to regulating the crypto industry. “It’s time to attack the facts and law ...
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Bank of America Forecasts Transformative Role of Tokenization in Finance According to a recent research report by Bank of America (BofA), tokenization can revolutionize financial and non-financial infrastructure and financial markets in the next five to 15 years. The report highlights the tra...
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