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Business News

Location American Business News for 26 September 2023

Of US fractional investing and the lesson for India

livemint.com - 26 Sep 2023 17:04
Of US fractional investing and the lesson for India The concept of fractional shares is missing in an absolute form in Indian markets though it is supported in some form through mutual fund and ETF investing.
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"I think investors should be getting much more conservative and I continue to favor a relatively balanced portfolio," says Jeffrey Gundlach, the widely followed CEO, chief investment officer and founder of DoubleLine Cap...
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Blocknative to Suspend MEV-Boost Relay After Economics Fail to 'Materialize' The decision followed internal discussions among the company's leadership and board of directors, and the company plans to focus on "economically viable opportunities."
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Market Maker KeyRock Secures Swiss Anti-Money Laundering Clearance The Brussels-based crypto firm joins the likes of BitGo in being approved by standards body VQF.
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Trump and Meadows were indicted by a Fulton County grand jury alongside 17 others over their efforts to overturn the 2020 election results in Georgia.
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Sam Altman tracked how quickly people responded to his texts and emails to distinguish between 'great and mediocre founders' Details of Altman's time at startup incubator Y Combinator were outlined in a New York Magazine profile of the OpenAI CEO, published on Monday.
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Hotel workers strike at five Santa Monica properties after negotiations stall again Southern California hotel workers at some 60 properties have been staging intermittent strikes since early July.
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Trudeau's office and their shared Liberal Party did not directly call for Anthony Rota to resign, but pressure for Rota to resign has grown this week.
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NFL Injury Tracker: League Debates Grass Vs. Turf As Chargers' Mike Williams Becomes Latest Player To Tear ACL Knee and leg injuries to players making more than $118 million combined this year are the crux of a debate over artificial turf and natural grass fields.
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Circle launches native euro stablecoin on Stellar

Coin Telegraph - 26 Sep 2023 20:48
Circle launches native euro stablecoin on Stellar The EURC stablecoin (formerly EUROC) is now available on Stellar in addition to Ethereum and Avalanche.
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A government shutdown would make the Fed's job a lot harder as economic data is delayed Certain economic data used by the Fed to inform policy moves, like the September jobs report, would not be released until the government reopens.
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Based on current market prices, MicroStrategy's stockpile of 158,245 bitcoins is equal to over $4.1 billion.
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Former SEC Official Urges DOJ Action Against Crypto Industry -- Says Crypto Grifters Need Threat of Prison Time The U.S. Securities and Exchange Commission's former head of internet enforcement has called on the U.S. Department of Justice (DOJ) to prosecute more crypto firms. “The stark reality is that the SEC is merely a civil ...
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Companies benefiting from the inflationary spike in the past two years may lose their power to charge higher prices soon, a headwind for stocks, according to JPMorgan.
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Drake Ties BTS For The Most No. 1 Hits This Decade Drake is now tied with BTS for the most No. 1 songs on the Hot 100 so far this decade. The two musical acts have both snagged half a dozen leaders on the tally.
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Something unusual is happening in the market for copper that hasn't been seen in nearly 30 years. Some see it as yet another sign that the global economy could be headed for a rough patch.
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The S&P 500 is headed for a new all-time high in 2024 as the Fed pivots and stocks enter a Goldilocks no-recession scenario, JPMorgan wealth strategist says A soft landing is poised to power stocks to all-time highs next year, according to a JPMorgan strategist, implying an increase of at least 12%.
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Carrefour and E.Leclerc are holding down the price of petrol and diesel to help people cope with inflation.
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First Ever Forbes Top Lawyers List - Accepting Nominations Forbes is accepting nominations for its Top 200 Lawyers List that spotlights attorneys from a variety of backgrounds, specialties and geographic regions
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Lady Gaga's Massive Per-Night Payday Brought Her Back To Las Vegas When Gaga's residencies were first announced half a decade ago, Variety reported that she was guaranteed at least $1 million per night.
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How Much Savings Do Americans Have Left, Anyway?

Wall Street Journal - 26 Sep 2023 16:57
If Americans still have money sitting around, consumer spending could be bolstered and any remaining savings could make it easier for people to weather a rainy day.
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Chase Bans Crypto-Linked Payments for U.K. Clients Starting October 16 Chase, a digital bank owned by JPMorgan, is set to ban crypto-linked payments through debit cards or outgoing bank transfers for its UK clients starting on October 16, as conveyed in an email sent to customers. The email...
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