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Business News

Location American Business News for 1 November 2023

Tim Scott's Racial Absolution

The New Yorker - 1 Nov 2023 19:53
The senator from South Carolina presents an early electoral victory--he became president of his high school, years after a "race riot"--as a tidy tale of prejudice overcome. Is that the full story?
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Jury Awards Home Sellers $1.8 Billion In Far-Reaching Realtor Conspiracy Case The case could alter the American real estate landscape after the jury found the National Association of Realtors and top brokerages liable for artificially inflating home sale commissions.
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Can Elon Musk's X create a financial super app in one year? The tech billionaire wants the former Twitter's users to manage all of their finances on the site -- the sooner, the better.
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AMD's bold AI outlook may look like a high hurdle, but it's quite feasible that CEO Lisa Su can deliver on her promise.
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Exclusive Q&A: Stores Should Become a 'Digital Mosaic of Attraction' It might sound strange to say this about a place where some 80% of transactions actually take place, but brick-and-mortar stores represent an underutilized resource, according to Sarah Jarvis, co-author of the second edi...
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Bankman-Fried's Lawyers Challenge Core of Fraud Case, Questioning Fiduciary Ties Under English Law Lawyers for Sam Bankman-Fried are seeking to instruct the jury that no trust or fiduciary relationship existed between the crypto exchange and its customers, a key part of the prosecution’s fraud case. Bankman-Fried's ...
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Illinois smartphone users sue Motorola Mobility to force arbitration over alleged selfie privacy violations More than 4,100 Illinois smartphone users are suing Motorola Mobility, seeking to force the Chicago-based company to pay a $7.2 million filing fee to begin an arbitration action over its alleged biometric privacy violati...
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Bitcoin Retakes $35K After FOMC as Solana's SOL Leads Sharp Altcoin Rally The Federal Reserve pulled no surprises on Wednesay as it kept policy on hold but promised a continued focus on bringing inflation to heel.
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Ernst & Young's (EY) new report outlines AI regulations across key global jurisdictions, highlighting trends, risk management, and policy recommendations.
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Barstool CEO Erika Ayers plans to publish book 'Nobody Cares About Your Career' "Dave hasn't read any of it yet," Barstool's CEO told The Post in an exclusive interview.
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1up seeks to provide product information to sales team members through a natural language processing (NLP) conversational chatbot interface.
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PayPal scores UK crypto license after brief local Bitcoin buy halt Licensed by the FCA on Oct. 31, 2023, PayPal has requirements or restrictions placed on the financial services activities that it can operate.
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Why Wall Street Is So Worried About 'Refunding'

The New York Times - 1 Nov 2023 15:42
Why Wall Street Is So Worried About 'Refunding' A routine announcement by the Treasury Department about its borrowing plans has attracted more attention than usual because of the rapid rise in interest rates.
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GAO Criticizes SEC's Handling of Crypto Accounting Bulletin, Calls for Clearer Rule The Government Accountability Office (GAO) has determined that the Securities and Exchange Commission (SEC) erred in its handling of “Staff Accounting Bulletin 121” (SAB 121) by failing to submit it to Congress as is...
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With a big rise in the number of firms going bust, we speak to one couple about why their business folded.
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Daylight Savings Ends This Sunday: Here's Where Legislation Stands On Changing It The fourth consecutive push by legislators to make daylight saving time the new standard time across the country has made little progress since it was most recently introduced in the House and Senate.
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The Solana Price Has Rallied More Than 50% In The Last Week - Here's Why The solana price has climbed sharply this week, rallying over 50% in a matter of days. The cryptocurrency rose to as much as $46.97 around 2:45 p.m. EST, according to Coinbase data provided by TradingView. This price com...
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California Is Abusing The Legal System To Set Energy Policy California's lawsuit against oil and gas companies are an end-run around the proper democratic process and, if successful, would be economically destructive.
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Memphis Officer Charged Over Tyre Nichols' Death Changing Not Guilty Plea In Civil Rights Case One of the Memphis police officers charged over the death of Tyre Nichols will reportedly change his not guilty plea.
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HBO Made Employees Create Fake Social Media Accounts To Harass TV Critics And It's Just Absolutely Insane This is just too much.
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Protocol Village: Toposware, Specialist in Zero-Knowlege Cryptography, Raises $5M The latest in blockchain tech upgrades, funding announcements and deals. For the period of Nov. 2-8, with live updates throughout.
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David Mitchell, Weekly Editor Who Exposed a Corrupt Cult, Dies at 79 His tiny California newspaper won a Pulitzer Prize for its exposé of Synanon, a renowned drug rehabilitation program that had turned into a violent operation.
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