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Business News

Location American Business News for 9 October 2023
Larry Summers rips Harvard as student groups blame Israel for Hamas attacks: 'Sickened' "In nearly 50 years of @Harvard affiliation, I have never been as disillusioned and alienated as I am today," Summers wrote on his X account.
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Bitcoin Price Prediction as BTC Recovers Past $26,000 Resistance - Are the Bulls Taking Over? Bitcoin (BTC), the most valuable cryptocurrency in the world, could not break the $28,000 mark over the weekend, showing sluggish movement. The ongoing Israel-Hamas conflict is largely to blame for this, as investors are...
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Sister of Israeli TV personality killed 'execution style' while hiding from Hamas gunmen According to her sister, Mapal Adam was killed while being held by her boyfriend, who suffered gunshot wounds to the back. He is expected to survive.
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Goldman Sachs CIO Margo Argenti told VentureBeat that nearly a year after ChatGPT was released, the company has yet to put generative AI use cases into production.
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India's Booming Stock Market Is Leaving China in the Dust

Wall Street Journal - 9 Oct 2023 05:00
The South Asian nation's market has been a quiet outperformer for a decade. Now foreign investors are starting to pay attention.
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David Scott, the head of Exxon Mobil Co.'s shale oil and gas production business, has been arrested in Texas and faces charge of sexual assault.
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Chatgpt Maker Openai Mulling Own AI Chips, Report Unveils Openai, the developer of Chatgpt, is considering ways to overcome the shortage of chips needed to power its artificial intelligence (AI) product. One of the options that's being discussed in the company, according to a r...
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Jordan, who is backed by former President Donald Trump, said on Sunday that his first move should he win the post would be to help Israel.
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Waters And Johns Solidify Their Leads In The Race For Pro Pickleball Association Crowns In Las Vegas The sport's top two pros both netted Triple Crowns at the talent-laden Las Vegas PPA Tour Championships.
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Hope in meme stocks springs eternal, no matter how dismal their performance.
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Fed's Barr frames capital reform as final chapter of Dodd-Frank The Federal Reserve's top regulator cited the financial crisis of 2008 repeatedly in a speech about the merits of new risk-capital standards -- proposals that have drawn unprecedented fire from banking trade groups and m...
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Prosecutors Seek to Prevent Anthropic Mention in Sam Bankman-Fried's Trial Prosecutors are seeking to prevent Sam Bankman-Fried from mentioning AI startup Anthropic during the proceedings. The move comes in response to media reports of Anthropic securing billions in fundraising from Google, sho...
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Sam Bankman-Fried invested $500 million in Anthropic, which has now increased in value. But prosecutors say it shouldn't be used as evidence.
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SEC Sues Elon Musk To Enforce Testimony For Twitter Probe The news comes as a new investment vehicle from activist investor Bill Ackman could take X public again
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Kroger Marks Hispanic Heritage Month with $1 Million Donation

Retail Touch Points - 9 Oct 2023 14:34
Kroger Marks Hispanic Heritage Month with $1 Million Donation The Kroger Co. Foundation has awarded $1 million in grants to organizations empowering and advancing the Hispanic community as it marks Hispanic Heritage Month. "We launched the Racial Equity Fund in 2020 to catalyze inn...
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Evergrande Investors Warn of 'Uncontrollable Collapse'

Wall Street Journal - 9 Oct 2023 14:16
Evergrande's 11th-hour cancellation of a $19 billion debt restructuring could lead to a messy collapse and have "a catastrophic effect" on other troubled companies in the sector, its bond investors said.
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Best Buy's Latest Health Business: Glucose Monitoring Systems Best Buy will soon begin carrying continuous glucose monitoring devices that require a prescription, opening the door to broader future healthcare product offerings.
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Meta is paying the celebrity faces behind its AI chatbots as much as $5 million for 6 hours of work, report says Meta has enlisted 28 celebrities to play AI chatbots with different personalities. One top creator was paid $5 million, per The Information.
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Madison Media appoints Rob Norman as adviser to accelerate digital transformation Norman comes with experience in the digital space - having been global head of digital at GroupM and also CEO of GroupM, North America. Currently, he is an independent Board member at Piano, MiQ, Simpli.fi, Knotch, Zeota...
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Will AI make CEOs obsolete?

Fast Company - 9 Oct 2023 09:00
Will AI make CEOs obsolete? AI won’t change what it means to be a chief executive, but it will add to the complexity of the job. Hello and welcome to Modern CEO! I’m Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week...
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Digital Yuan Giveaways Driving Adoption, Chinese Central Bank Claims The Chinese central bank has claimed that its program of digital yuan giveaways is helping to drive up CBDC adoption. According to the state-run newspaper the People's Daily, the Digital Currency Research Institute, the ...
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Berkshire Vice Chair Charlie Munger Warns Most Crypto Investments Will Go to Zero Warren Buffett’s right-hand man and the vice chairman of Berkshire Hathaway, Charlie Munger, has expressed his belief that the majority of cryptocurrency investments will become worthless. Regarding bitcoin, the execut...
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