Business News
Etsy is laying off 225 of its workers after 2 years of 'essentially flat' merchandise sales
Business Insider - 14 Dec 2023 06:08
Etsy CEO Josh Silverman told employees in an email that the company's gross merchandising sales have "remained essentially flat since 2021."
Nate Silver blasts Bidenomics as pundits debate Joe's low approval ratings: 'Real wages haven't grown'
New York Post - 14 Dec 2023 22:16
The former 538 editor posted a chart which shows that real disposable personal income has remained largely flat throughout most of Biden's presidency.
SEC Delays Decision on Invesco Galaxy's Ethereum ETF Until February 2024
Crypto News - 14 Dec 2023 08:37
Source: DALL·E The U.S. Securities and Exchange Commission (SEC) has postponed its decision on Invesco Galaxy’s spot Ethereum exchange-traded fund (ETF) application, new decision to be made in 2024. According to the S...
It's starting to look like China regrets its private-enterprise crackdown
Business Insider - 14 Dec 2023 11:01
Beijing's official readout from its annual Central Economic Work Conference suggests "remorse," wrote an analyst.
Dramatic collapses made 2023 the biggest year ever for bank failures
American Banker - 14 Dec 2023 04:00
The five banks that went under in 2023 had nearly $550 billion of assets, the largest total in a single year. Here's a look back at how they unraveled.
Federal Regulators Seek to Force Starbucks to Reopen 23 Stores
The New York Times - 14 Dec 2023 03:03
The National Labor Relations Board says the locations were closed because of union organizing, violating federal law.
SEC Meets With Blackrock, Fidelity, Franklin Templeton, and Grayscale to Discuss Their Spot Bitcoin ETF Applications
Bitcoin.com - 14 Dec 2023 02:30
The U.S. Securities and Exchange Commission (SEC) has held multiple meetings with spot bitcoin exchange-traded fund (ETF) issuers regarding their applications. “The SEC is busier than Santa’s elves,” said a Bloombe...
Violent threats from shoplifters soar, Home Depot honcho tells Congress: 'not exaggerating'
New York Post - 14 Dec 2023 00:57
"Retailers are not exaggerating this problem."
HiOperator introduces SMSBot, harnessing generative AI for enhanced customer support
Venture Beat - 14 Dec 2023 23:31
HiOperator debuts its AI-driven SMSBot, aiming to transform customer service with intelligent automation and conversational engagement, as detailed by CEO Liz Tsai.
Putin was gloating in public after Republican moves to block US aid for Ukraine
Business Insider - 14 Dec 2023 17:32US stocks climb as investors cheer Fed outlook and power the Dow to new highs
Business Insider - 14 Dec 2023 16:31
The Dow hit an all-time record Wednesday after the Fed signaled 75 basis points of rate cuts are on the table in 2024.
Rudy Giuliani backs down from testifying in his own defense in $43 million election worker defamation trial
Business Insider - 14 Dec 2023 16:29Hydrogen may never heat British homes after contentious trial cancelled
Sky News - 14 Dec 2023 16:20
The Energy Secretary Claire Coutinho has cancelled a contentious trial of hydrogen for home heating in the Yorkshire coastal town of Redcar following growing opposition from residents there.
Oil has crashed 20% this quarter. Here's why – and what it means for your wallet.
Business Insider - 14 Dec 2023 16:00The Fed is quietly signaling that stocks are overvalued and a recession is almost certain, top economist David Rosenberg says
Business Insider - 14 Dec 2023 15:55
Stock investors are ignoring the risk of recession, and overestimating earnings growth given the Fed's latest growth forecast, David Rosenberg said.
European Central Bank Leaves Rates Unchanged as Price Pressures Ease
The New York Times - 14 Dec 2023 15:53
Although the inflation rate has fallen to 2.4 percent, the bank said economic growth was expected to remain "subdued" in the short term.
A 4-day hike in the Victorian Alps took me out of my comfort zone and reminded me of who I was before becoming a parent
Business Insider - 14 Dec 2023 13:18How OnlyFans millionaires live and spend in L.A.
L.A. Times - 14 Dec 2023 13:00
OnlyFans made them rich quick. So how do these three creators -- aspiring actors, models and entrepreneurs -- spend the money they make?
Ukraine war putting 'considerable strain' on Russia's economy, says US - live updates
Telegraph - 14 Dec 2023 09:33
Vladimir Putin's war on Ukraine is putting Russia's economy under "considerable strain", as Moscow grapples with surging inflation, a tumbling rouble and a ballooning defence budget, a new US briefing claims.
FTX Bankruptcy Judge Takes Step to Shorten Timeline for Customers' Recoveries
Coin Desk - 14 Dec 2023 02:44
A federal judge took steps to end a protracted dispute between FTX and its largest creditor at a bankruptcy hearing, signaling the court could try to speed up efforts to recover FTX customer's funds from the failed crypt...
Russia Poised to Let Miners Sell Coins Abroad as 'Exports'
Crypto News - 14 Dec 2023 02:30
Source: artiemedvedev/Adobe Russian industrial miners may be given the right to sell cryptoassets as "export products," the nation's finance ministry said. Per RBC, the country's Deputy Minister of Finance Ivan Chebeskov...
Braintrust Data wants to make enterprise AI better with faster evaluations
Venture Beat - 14 Dec 2023 01:24
Braintrust Data launched in August 2023 and has already roped in "hundreds" of enterprises and startups as customers, including known names such as Airtable, Zapier, Coda and Instacart.