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Business News

Location American Business News for 18 November 2023
No answers as investigation begins into CTA train crash as Yellow Line remains suspended NTSB officials said they are beginning to investigate the crash Friday, but did not say what led to the Yellow Line train collision.
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Microsoft CEO Satya Nadella took to X to affirm the company's relationship with OpenAI hours after OpenAI ousted its CEO Sam Altman.
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Union workers at Stellantis and Ford close to ratifying deals that would end lengthy labor disputes Members of the United Auto Workers union were close to approving contract agreements with Stellantis and Ford on Friday with voting at both companies overwhelmingly in favor.
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Disney just joined a long list of large companies dropping ads from X: report Today, Disney paused all spending on X as a result of Musk's comments on the platform.
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IMF Chief Says Central Bank Digital Currencies Can Replace Cash -- Urges Public Sector to Prepare for CBDC Deployment International Monetary Fund (IMF) Managing Director Kristalina Georgieva says central bank digital currencies (CBDCs) can replace cash. She has urged the public sector to “keep preparing to deploy CBDCs and related pay...
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Greg Brockman, who co-founded OpenAI in 2015, announced his departure on X, formerly Twitter, on Friday evening.
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Fidelity Files 19b-4 for Spot Ethereum ETF, Aiming to Boost Investor Protection in Crypto Space The asset manager Fidelity has filed a 19b-4 with the Securities and Exchange Commission (SEC) to list a spot ethereum exchange-traded fund (ETF) on the Cboe BZX Exchange. The proposed ETF would hold physical ethereum (E...
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Markets are cheering the prospect of rate cuts next year, but it's a double-edged sword The Fed could slash rates nearly 300 basis points as the economy tips into recession next year, UBS strategists said recently.
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Trump's fraud trial defense has featured 1 son, 2 pals, and an expert who noted 'glaring' math snafus Week one of Trump's defense case included testimony by Donald Trump, Jr., a golf buddy, and a fundraiser.
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Telegraph court showdown adjourned after Barclays offer Lloyds £1.16bn A court hearing to liquidate a Barclay family holding companies in order to smooth a sale of The Daily Telegraph is poised to be adjourned after a last-gasp offer to repay more than £1bn to Lloyds Banking Group.
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South Africa Becomes the Sole African Nation to Adopt Crypto-Asset Reporting Framework South Africa is the only African country to join the group of countries that have agreed to implement the Crypto-Asset Reporting Framework. According to the South African Revenue Collector, the reporting framework is exp...
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Chick-fil-A sells wings through a spinoff restaurant called Little Blue Menu. I tried them and liked them a lot better than CFA's signature chicken sandwich. Chick-fil-A opened Little Blue Menu in College Park, Maryland. While you can buy chicken sandwiches there, the wings might be an even better choice.
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Chinese electric car maker BYD is about to steal Tesla's crown. Here's why it's winning the race. China's BYD is almost certain to sell more electric cars worldwide in the final quarter of 2023 and take pole position over Tesla for the first time.
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Eric Clapton guitar sells for $1.3M after being considered one of the world's most famous instruments One of Eric Clapton's guitars sold for $1.27 million this week at an auction in Nashville, Tennessee, making it the most expensive Clapton guitar ever sold at auction.
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Honda recalls nearly 250K vehicles because bearings can fail and cause engines to run poorly or stall The recall covers certain 2018 and 2019 Honda Pilot SUVs and Odyssey minivans, and some 2017 and 2019 Ridgeline pickup trucks.
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OpenAI CEO Sam Altman's ouster sends shockwaves across Silicon Valley, likely affecting the company's valuation and competitor dynamics.
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Report: US Crypto Exchange Coinbase Fined for Refusing to Localize Russian Users' Data The U.S. cryptocurrency exchange Coinbase was recently hit with a fine exceeding $11,000 by a Russian court. The fine stems from the crypto exchange’s refusal to comply with a law that requires foreign companies to loc...
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Fidelity Follows BlackRock, Files For Spot Ethereum ETF - Where Next for Ether (ETH)? Fidelity Investments Office / Source: Adobe Asset management giant Fidelity just filed a 19b-4 with the Chicago Board Options Exchange (CBOE) to set up a spot Ethereum exchange-traded fund (ETF) called the Fidelity Ether...
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Michter's was named 'the world's most admired whisky brand' by Drinks International, a British publication
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OpenAI's Sam Altman ousted, BlackRock and Fidelity seek Ether ETF, and more: Hodler's Digest, Nov. 12-18 Sam Altman is ousted from OpenAI, BlackRock and Fidelity seek Ether ETF approval and Australia to tax gains from wrapped tokens.
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The Check My Ads Institute has filed a complaint with the FTC about X, formerly known as Twitter, alleging it 'spotted something funny'
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About half of those who were rejected for a mortgage had too much debt relative to their income, according to the National Association of Realtors.
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