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Business News

Location American Business News for 23 August 2023
In-N-Out heiress reveals how rowdy customers inspired the name of the popular 'Animal Style' burger In-N-Out's Animal Style burger was inspired by rowdy customers that workers nicknamed "animals," owner Lynsi Snyder reveals in an upcoming book.
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Ad firm behind Bud Light's Dylan Mulvaney fiasco fires 13 staffers after lavish French trip: sources "They said they were investing in the future of the company and building relationships," one current worker who survived the purge told The Post.
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'Eras Tour' security guard who went viral for singing along to Taylor Swift is fired An ex-security guard at Best Crowd Management who went viral for singing along to to Taylor Swift's "Cruel Summer" was fired for asking concertgoers to send him photos of himself during the "Eras Tour" show.
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The UK economy is set to shrink between July and September and risks a downturn, a survey warns.
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Crypto Investors Pull Out $55 Million Amid Doubts Over Bitcoin ETF Approval Investors in crypto-backed investment funds have pulled out some $55 million from the market as worries have grown that the US Securities and Exchange Commission (SEC) may not be ready to approve a spot Bitcoin exchange-...
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Greece Wildfires: More Than 200 Fires Blazing As Devastation Spreads To Turkey At least 20 people have been killed in the fires.
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Nightdive Studios announced today that it is remastering Turok 3: Shadow of Oblivion.
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Want a deal on an EV? Leasing is your best bet — and these models have the best rates right now If you want to drive electric without the commitment, some of today's best EV lease deals include Hyundai's EVs and the Kia Niro.
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'Everybody else left or they died': California bank grows simply by surviving East West Bancorp chief Dominic Ng long faced skepticism from analysts who had questioned his conservative approach to capital allocations -- a strategy that has helped his Pasadena-based bank weather decades of ups and ...
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CVS Health Launches Company To Produce Cheaper 'Biosimilar' Versions Of Expensive Biotech Drugs CVS Health is launching a new company, Cordavis, to commercialize and produce biosimilar drugs, the cheaper versions of expensive prescriptions derived from biotechnology.
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Goldman Sachs boss David Solomon, who has drawn derision from the rank-and-file over the company's back-to-work edict, has pulled the plug on Summer Fridays.
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UPS workers ratify 5-year contract, averting potentially crippling strike The deal raises pay and eliminates a two-tier wage system for drivers at Atlanta-based UPS, the world's largest package delivery company, which handles about a quarter of US parcel deliveries.
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Foot Locker's stock plunges 32% as sneaker retailer blames dismal results on 'consumer softness' Foot Locker saw sales decrease by nearly 10% last quarter, and blamed the dismal period on "ongoing consumer softness." Its share price plummeting as much as 33% in premarket trading on Wednesday.
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Best Crypto to Buy Now August 23 - Toncoin, Binance Coin, Tron With cryptocurrency prices experiencing a downturn and the S&P Global US manufacturing PMI slipping to 47 in August from 49 in July, a surprising supporter for Bitcoin has come forward--U.S. presidential candidate Robert...
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New Recipe For Supermarkets: Marrying Health, Tech, And Profits Supermarkets embrace digital tech to highlight health and nutrition, aiming for consumer well-being and profit; however, they tread cautiously to avoid consumer backlash.
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Arm IPO Filing: Chip Maker Files To Go Public In The U.S. Semiconductor chip maker Arm has officially filed for its IPO on the Nasdaq, which could spark a boom in new tech IPOs
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Russia is sinking its own ships in a desperate attempt to protect a vital bridge from sea drones, Ukraine says Russia plans to sink at least six ferries to create a protective barrier around the Kerch Bridge, Ukraine said.
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Why Homebuilders Like Lennar And Pulte Group Are Faring Well Despite Surging Mortgage Rates This compares to the S&P 500 which remains up by about 14% over the same period.
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BlockFi argues FTX, Three Arrows Capital isn't entitled to repayments BlockFi argues its creditors, not FTX's, are the "ultimate victims" of FTX's alleged fraud.
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US Lawmaker Slams SEC's 'Reckless' Rulemaking -- Warns of 'Lasting Economic Harm' A U.S. lawmaker has slammed the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, for “pursuing a reckless, rushed rulemaking agenda with inadequate economic analysis and limited public input.”...
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Higher Bond Yields Contribute to Bitcoin's Extended Losses Bitcoin losses continued today as bond yields continued to rise, causing concern for investors. This downturn has seen the leading digital currency dip below its two-month low of $26,000 for a loss of 0.74% over the past...
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Terry Savage: High rates for how long?

Chicago Tribune - 23 Aug 2023 23:43
Terry Savage: High rates for how long? When interest rates were quite low just a few years ago, savers were actually punished for having chicken money. Inflation was higher than safe money savings rates. But as of this writing, you can get 5.5% on a six-month...
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