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Business News

Location American Business News for 16 September 2023

A Week of Chaos in Kevin McCarthy's Washington

The New Yorker - 16 Sep 2023 12:00
A Week of Chaos in Kevin McCarthy's Washington This week in Congress: a Biden impeachment inquiry, a frozen House of Representatives, and a looming government shutdown.
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The Market Is Stuck Until the Fed Is Done

The New York Times - 16 Sep 2023 11:01
The Market Is Stuck Until the Fed Is Done Stocks are mired in a holding pattern. The big question, our columnist says, is when will the Federal Reserve start to cut interest rates?
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Does Wile E Coyote explain US voters' gloom amid buoyant economy? Official figures point to an impressive recovery but many Americans don't feel that way. Is the economy heading for a fall? Strolling past the colorfully restored Victorian homes of the Fourth Ward, watching the barman h...
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Quantum Computing: Building A Startup In The Pre-Market Phase As things stand, there a very few commercial customers for quantum computing products. So how do startups make progress in a market that, as yet, doesn't really exist?
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Ukraine security service claimed to have used an experimental Sea Baby drone to attack a Russian missile ship off the coast of Crimea this week.
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Puerto Rico bank linked to bribery scandal hit with $15 million BSA fine Bancrédito International Bank and Trust Corp. "willfully violated" the Bank Secrecy Act, according to the Financial Crimes Enforcement Network. The penalty was the first under a two-year-old federal rule aimed at closin...
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Deutsche Bank Teams Up With Swiss Crypto Firm to Offer Digital Asset Services Deutsche Bank, the largest bank in Germany by total assets, is collaborating with Swiss digital asset firm Taurus to provide clients with crypto custody and tokenization services. "As the digital asset space is expected ...
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How Overcoming Your Own Trauma Can Help You Lead Others More Effectively Trauma can do lasting damage to your emotional regulation and self-esteem. But learning how to work with and conquer that trauma can make you a stronger leader.
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Is Delta Air Lines tarnishing its brand by ousting some Sky Club customers? Delta says overcrowding forced it to change its membership rules, but many customers complain that the airline has gone too far. It’s about to be more difficult to get into Delta Sky Club lounges, and frequent flyers a...
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Walter Isaacson told Quartz that Elon Musk's "hardcore" approach to running a company was akin to the methods adopted by the Amazon and Microsoft founders.
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American Bankers Association States a CBDC Is 'Unnecessary' and Presents 'Unacceptable Risks' to the US Financial System The American Bankers Association (ABA), an organization that represents banks custodying $18 trillion in deposits and processing $11 trillion in loans, believes that issuing a central bank digital currency (CBDC) in the ...
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GDP growth will "slow meaningfully" over the fourth quarter, the bank's top economist Jan Hatzius warned in a recent research note.
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Chick-fil-A expanding across the pond to UK in 2025

New York Post - 16 Sep 2023 11:40
Chick-fil-A expanding across the pond to UK in 2025 The company indicated it has intentions for further expansion in the country beyond them.
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Another 2 Binance US Executives Leave Crypto Exchange, Report Two more managers at Binance US are reportedly quitting amid another round of layoffs at the troubled cryptocurrency exchange. The departures come while Binance's U.S. trading platform for digital assets is still under h...
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Zoom rebrands its AI sales tool to 'Zoom Revenue Accelerator' with features for superior sales insights and performance for small businesses.
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Troubled Chinese Trust Company Brings In State Help

Wall Street Journal - 16 Sep 2023 05:48
Shadow-banking giant Zhongrong Trust set off alarms last month when it failed to make payments on high-yielding investment products.
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It's been a big week for all of the major console families, and GamesBeat's Rachel Kaser just wants a better looking Xbox credit card.
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Report: Binance's Decision to Airdrop $3 Million to Morocco Earthquake Victims via BNB Token Criticized Cryptocurrency exchange Binance has been criticized for pledging to help victims of Morocco’s devastating earthquake by airdropping its native crypto token. According to Action on Armed Violence’s Iain Overton, peopl...
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Metaphysic, for its part, believes its approach allows actors to retain control over their likeness -- giving them the power and legal right.
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Bankman-Fried's House Arrest Writings Reveal Inner Turmoil, Blame Game in FTX Collapse According to more than 250 documents sent to the media, the disgraced co-founder of FTX, Sam Bankman-Fried, said he feels like "one of the most hated people in the world." The former CEO of the now-defunct crypto exchang...
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FC Barcelona Star Joao Felix Takes Swipe At Atletico Madrid Following Real Betis Thrashing FC Barcelona forward Joao Felix took what could be seen as a swipe at parent club Atletico Madrid following Saturday's 5-0 thrashing of Real Betis.
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California Sues 5 Oil Giants: Here Are The Biggest Numbers Behind The Explosive Lawsuit California Attorney General Rob Bonta accuses several oil companies of lying to the public "to further their record-breaking profits."
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