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Business News

Location American Business News for 10 September 2023
IndyCar Will Stage $1 Million Challenge At Thermal Club In 2024 The lavish motorsports community in the Palm Springs, California area will play host to a $1 million IndyCar Challenge in 2024.
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Turkish Crypto Exchange Boss Gets 11,196 Years in Prison The CEO of collapsed Turkish crypto exchange Thodex has been sentenced to 11,196 years, 10 months, and 15 days in prison. He purportedly absconded with more than $2 billion in cryptocurrency belonging to more than 400,00...
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The Internal Revenue Service is going after hedge funds, large law firms, partnerships and more millionaires, the tax agency's commissioner said.
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Recruiters are laying into Flexport CEO Ryan Petersen's decision to rescind offers. They say it should be a last resort, but that it happens all the time.
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Bitcoin ETF Trade Is Increasingly About Bitcoin Itself

Wall Street Journal - 10 Sep 2023 15:00
A court setback for the SEC has narrowed the discount on Grayscale Bitcoin Trust shares, making the price of the underlying asset more important.
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Creating A Culture That Attracts And Keeps The Best Employees It's more important than ever to create a culture that attracts and retains the best employees. The culture and employees operating within it will influence the CX.
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Two Cooks Serve Up Market-Beating Small-Cap Gains Father-and-son team Michael and Phillip Cook run a small portfolio of small-cap stocks that has generated big returns by finding future household names.
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FTX Looking to Recover Millions Paid to Athletes and Sports Clubs Advisers working for FTX have analyzed if some payments made by the failed crypto exchange to sports stars and organizations can be returned. The money went to celebrity athletes, including basketball legend Shaquille O'...
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The strange, twisted logic behind the sky-high cost of college You got an expensive college degree to get a good job. But what if your good job is what made your college degree so expensive?
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Saudi Arabia is spending billions on sports, tech and everything in between for a post-oil world The Gulf kingdom is spending billions on sport, media, and technology as part of a drive to transform its economy for the 21st century and move beyond oil.
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Ethereum Founder Vitalik Buterin Falls Victim to Twitter Hack - Beware of Shared Links Ethereum (ETH) co-founder Vitalik Buterin has reportedly had his X (formerly Twitter) account compromised. In a now-deleted tweet, the hacked account claimed that Consensys will launch a commemorative NFT to celebrate th...
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This Serial Entrepreneur Is Bringing The NFL Into The Card Business Adrienne Smith, the founder and CEO of football media company Gridiron Queendom, is looking to align millions in sales this 2023 football season with Blitz Champz.
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Fraudsters are using fake job ads to try to get people to give them money or their personal data.
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Instacart is targeting a valuation below $10 billion for its upcoming initial public offering, the Wall Street Journal reported Sunday, a far cry from the nearly $40 billion it was valued at just a couple of years ago.
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Michigan State Football Coach Mel Tucker Suspended After Sexual Harassment Investigation Mel Tucker has been accused of sexually harassing Brenda Tracy, a public speaker who spoke to Michigan State football players about the culture of sexual violence in athletics.
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Ukraine is stepping up its drone war against Russia, and now it's Moscow turn to reassemble decades-old air-defense weapons Facing an increased threat from Ukrainian drones, Russia is building what appear to be World War II-style "flak towers" to boost its air defenses.
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Videogame company Roblox Corp. canceled the awards presentation at its developers conference in San Francisco on Saturday, citing a "potential security concern," and a game developer was reportedly arrested on gun charge...
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Tampa Bay Buccaneers May Not Be Pushovers In Post-Tom Brady Era After All The Tampa Bay Buccaneers might have life in them in the post-Tom Brady era under the leadership of Baker Mayfield.
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Spanish Soccer President Rubiales Resigns After Kissing World Cup Player Luis Rubiales said Sunday he will resign as the president of the Royal Spanish Football Federation.
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Climate Finance Lags While Africa Gets Walloped By Floods And Heat Africa is the second most populated continent, with 1.3 billion people. Global warming is costing it as much $7 billion yearly -- projected to rise to $50 billion by 2030.
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Lil Nas X Documentary Premiere Delayed After Threat The premiere of Lil Nas X's documentary was delayed by about 30 minutes Saturday after a threat was made.
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Cantor Fitzgerald, which lost 658 employees at Ground Zero, donates revenues earned every Sept. 11 to charity Cantor Fitzgerald, the financial services firm that lost 658 employees in the Sept. 11 attacks, is donating all its global revenues from trading during the Sept. 11 anniversary to charity.
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