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Business News

Location American Business News for 23 September 2023
Chef John DeLucie cooks up new hot spot near his famed Waverly Inn DeLucie opened up to Side Dish about the difficulty of watching everything that he had built slowly collapse.
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FC Barcelona Coach Xavi Hails Team After Epic Celta Vigo Comeback FC Barcelona coach Xavi Hernandez heaped praise on his players following a 3-2 comeback win for the ages against Celta Vigo which put them on top of La Liga.
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"Investors still think they can play this high-stakes game of musical chairs," said Tommy Tranfo, head of community at Stocktwits.
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Microsoft has leaked several interesting documents -- but GamesBeat's Rachel Kaser says they were never gonna buy Nintendo.
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These entrepreneurs in Pakistan are moving the country's massive secondhand clothes market online With the country in the middle of a historic economic crisis, secondhand sellers are seeing big business as they build an e-commerce market. Iqra Anwar, a resident of Lahore, the second largest city of Pakistan is a freq...
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Binance Seeks Dismissal of SEC Lawsuit -- Claims SEC 'Distorts' Securities Laws to Gain Power Over Crypto Industry Crypto exchange Binance and its CEO Changpeng Zhao (CZ) have filed a motion to dismiss the lawsuit against them by the U.S. Securities and Exchange Commission (SEC). “It is clear that the SEC’s lawsuit has no foundat...
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Venezuelan Police Raid Uncovers Bitcoin Mining Machines, Rocket Launchers In Prison The Venezuelan Police seized Bitcoin (BTC) mining hardware, rocket launchers and a ton of other items as it recaptured the Tocoron prison which has been under the control of inmates. On Sept 21, the troops disclosed that...
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Fed's Susan Collins says rates may need to stay higher for longer In their latest economic forecasts, 12 of 19 Fed officials said they expect to raise rates once more this year.
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Binance.US scores against SEC, Mt. Gox delay repayments, and other news: Hodler's Digest, Sept. 17-23 Binance.US scores temporary win against the SEC, Mt. Gox repayments delayed to 2024, and Tether's $1B liquidity to Tron network.
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Oil at $100 Is Too High, Even for Energy Companies

Wall Street Journal - 23 Sep 2023 16:00
As crude oil prices near triple digits, it isn't just consumers feeling uneasy.
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Tinder Select is only available to some of the dating app's "highly engaged and active" users, and it'll cost about $6,000 a year, Bloomberg reported.
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How To Explain The Falling U.S. Rig Count Amid Rising Oil Prices Oil prices keep rising, but U.S. rig counts keep dropping. It's a new comfort zone for America's oil and gas business.
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US debt interest payments are unsustainable and flash 'huge warning signs' as they take over federal spending, budget expert warns As US debt explodes, net interest payments are projected to become the single biggest expenditure by 2051, even topping Social Security.
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UPS drivers' $170,000 pay package has some Amazon drivers thinking it's time to quit. They make about $18 an hour. Amazon drivers say their coworkers are talking about bolting for UPS so they can make six figures – and deliver fewer packages.
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The Hedge Fund Meltdown That Rescued Your Stock Portfolio

Wall Street Journal - 23 Sep 2023 13:00
Long-Term Capital Management's collapse 25 years ago started a habit hard to break--the 'Fed put.'
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CreditNinja, a broker which has given loans with interest rates as high as 447%, believes the SBA should have forgiven their pandemic-era PPP loan.
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Rite Aid Proposes Closing About A Quarter Of Its Stores In Bankruptcy, Report Says Reports about the drug store chain's potential bankruptcy filing began circulating late last month, though the company has yet to confirm the move.
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US House Committee Passes CBDC Anti-Surveillance State Act With Support of 60 Congress Members The U.S. House Financial Services Committee has passed the CBDC Anti-Surveillance State Act, the first anti-central bank digital currency legislative effort introduced in the United States. Congressman Tom Emmer detailed...
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Major European Crypto Asset Manager CoinShares to Launch US Division Popular crypto asset manager CoinShares has announced the launch of a crypto operation in the United States. According to a press release on GlobeNewswire dated September 22, the new US operation will be called CoinShare...
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Struggling Rite Aid proposes to close up to 500 stores under bankruptcy plan: report Rite Aid faces more than $3.3 billion in debt and over a thousand federal lawsuits alleging it oversupplied opioids, the Journal reported.
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The Russians Just Knocked Out A Fifth Of The Ukrainians' Best Strv 122 Tanks Explosives-laden Russian drones damaged two rare Strv 122 tanks belonging to the Ukrainian army's 21st Mechanized Brigade 10 miles west of Svatove.
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Bipartisan Calls For Menendez's Resignation Grow: Speaker McCarthy Joins New Jersey Democrats New Jersey's Democratic governor and two Democratic New Jersey representatives also called for Menendez' resignation.
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