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Business News

Location American Business News for 7 August 2023
Longtime Goldman executive Jeff Currie joins exodus of bankers from firm in last few months Jeff Currie, who served as global head of commodities research, is leaving after 27 years, according to a memo sent to employees Monday.
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Bill Gates knocked sleep as 'laziness,' would try to get less shuteye than colleagues Bill Gates was a guest on Seth Rogan and Lauren Miller Rogan's podcast, where he talked about thinking sleep was "lazy" while in his prime years at Microsoft.
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MrBeast Sued For $100 Million Over Breach Of Contract By Company Running His Ghost Kitchens The company operating MrBeast's ghost kitchen alleges it faced damages "in the nine-figure range" because of the YouTuber.
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Russia Keeps Trying, And Failing, To Destroy Ukraine's Cruise-Missile-Armed Su-24 Bombers The four-decade-old Sukhoi Su-24 bombers belonging to the Ukrainian air force's 7th Tactical Aviation Brigade have, with NATO's help, become deadly deep-strike systems.
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Michael Saylor's Bitcoin Billions Have Rebounded Since He Exited CEO Job a Year Ago Saylor stepped down as CEO of MicroStrategy one year ago in order to focus solely on Bitcoin.
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XRP Price Prediction as XRP Drops 3.4% in 24 Hours - Is $0.50 the Next Target? The XRP price has fallen by as much as 3.4% in the past 24 hours, with its drop to $0.615960 coming as the cryptocurrency market barely moves today. XRP is now down by 12% in the last seven days but up by 31% in the past...
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US Court Dismisses Former Celsius Network CEO's Motion to Block New York Attorney General's Lawsuit Former Celsius Network Alex Mashinsky will now have to defend himself against a lawsuit filed by New York Attorney General Letitia James after a New York County Supreme Court Justice rejected his attempts to have the sui...
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Ukraine hit 2 key bridges with powerful Storm Shadow missiles, and just got a load more of them from France Ukraine struck two Crimea bridges on its Air Forces Day — the same day it confirmed the arrival of the SCALP-EG, France's version of a Storm Shadow.
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Detroit Woman Sues City Police After Being Wrongfully Arrested Due To AI Facial Recognition Six police officers arrested Porcha Woodruff, who was eight months pregnant, after mistaking her for someone who had robbed a car.
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Bitcoin Faces Increased Risk Relative to Stocks: Commodity Strategist Mike McGlone Warns of Challenges Seasoned commodity strategist Mike McGlone says bitcoin is now riskier relative to stocks, while he further warned that economic downturn pressures may hold silver prices at bay. Bitcoin Volatility Low, Silver Faces Chal...
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As FedNow rolls out, the U.S. has much to learn from India's UPI India's Unified Payments Interface has been an extraordinary success. The Fed should take careful note of how the system came to dominate the Indian economy.
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As summer winds down, COVID-19 cases tick up slightly in the Chicago area. 'COVID did not go away.' The increase in cases is a reminder that COVID-19 is still lurking, even if it's no longer top-of-mind
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Ponzi Token is Up 1,000% But Experts Say It's a Scam - Here's the Coin They're Buying Instead A new meme coin called PONZI has become the latest straight-to-DEX upstart to unlock moon-shot success, after an eye-watering +1,000% pump over the weekend has primed the chart for a second-rally. Taking a shot at the an...
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Covid Vaccine Makers' Stocks Crash To Multiyear Lows Monday As Sales Keep Sliding Moderna has now wiped out nearly $160 billion worth of early pandemic stock gains.
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Trucking giant Yellow declares bankruptcy after getting $700M in government loans Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide. The Chapter 11 bankrupt...
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Elon Musk's illegal flashing X logo at HQ leads to $4,500 in fines: report The landlord of X's headquarter in San Francisco has been fined $4,447 over Elon Musk's illegal strobe-lit "X" sign. It's unclear if Musk will be on the hook for any penalties.
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The U.S. Has a Beef With Europe---Over Cheese

Wall Street Journal - 7 Aug 2023 15:00
The U.S. Has a Beef With Europe---Over Cheese Feta, Gorgonzola and Parmesan must be made in certain countries to be sold in the EU under those names. U.S. producers want change.
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Campbell Soup to Acquire Maker of Rao's for $2.7 Billion

Wall Street Journal - 7 Aug 2023 14:52
Campbell Soup to Acquire Maker of Rao's for $2.7 Billion Campbell said the deal for Sovos Brands is expected to close in December.
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The world's 6 richest people are closing in on a $1 trillion combined net worth after the stunning rally in stocks this year Elon Musk, Jeff Bezos, Bill Gates, Warren Buffett, and two other centibillionaires are worth nearly $1 trillion between them.
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Oil prices edge down Monday, pulling back from nearly four-month highs.
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FBI Issues Warning on Scam Involving Criminals Impersonating NFT Developers The Federal Bureau of Investigation (FBI) has issued a Public Service Announcement (PSA) warning about criminals impersonating non-fungible token (NFT) developers in social media. According to the PSA, criminals can impe...
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Cause Marketing: Definition, Examples and How To Do

Small Business Trends - 7 Aug 2023 13:18
Cause Marketing: Definition, Examples and How To Do Cause related marketing is exploding in popularity. Attribute it to the rise of the belief-driven consumer. In this piece we cover the basics of how to do a cause marketing campaign and how to make the most of it.
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