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Business News

Location American Business News for 19 December 2023
BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.
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Monsanto Should Pay $857 Million in PCB Case, Jury Finds

The New York Times - 19 Dec 2023 04:53
Monsanto Should Pay $857 Million in PCB Case, Jury Finds Students and parent volunteers from a school in Washington State said in a lawsuit that they had become sick after being exposed to chemicals known as PCBs that had dripped from light fixtures.
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Tesla to give 10% pay raises to hourly workers at its Nevada gigafactory: report Tesla Inc. will give hourly workers at its Nevada gigafactory roughly 10% raises starting in January, CNBC reported late Monday.
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Indonesia Presidential Candidate Pledges to Foster Blockchain and Crypto Expertise in the Country Image Source: Pixabay Gibran Rakabuming Raka, a vice presidential candidate in the upcoming Indonesian election, aims to accelerate Indonesia’s position as a leader in the digital revolution by cultivating expertise in...
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Hedge fund manager takes up the 'ten surprise' mantle. His call: Apple stock will slump, S&P will sputter and oil will surge Doug Kass, the hedge-fund manager at Seabreeze Partners Management, has decided to take up the mantle of Byron Wien's "ten surprise" column.
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December passenger demand strongest since pandemic

livemint.com - 19 Dec 2023 15:41
December passenger demand strongest since pandemic However, escalating airfares, driven by high jet fuel costs, may dampen travel demand, going ahead
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Nvidia workers warned CEO Jensen Huang that AI might be harmful to minorities. One was so dissatisfied with his response that she quit shortly after. Nvidia employees Masheika Allgood and Alexander Tsado met with CEO Jensen Huang in 2020 to raise concerns from the company's employees about the dangers of AI, Bloomberg reported.
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How the Suez Canal Attacks Could Upend Global Trade

The New York Times - 19 Dec 2023 14:44
How the Suez Canal Attacks Could Upend Global Trade Shipping rates have soared and energy prices remain volatile as vessels are redirected away from the vital commerce route.
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The top 1% of Americans aren't to blame for income inequality Provide the poor and the working class with onramps to economic opportunity.
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New York lawmaker proposes legislation requiring all rest stop restaurants to be open seven days a week, potentially impacting nine Chick-fil-A locations.
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Survey: 4 in 5 Institutional Investors Agree Crypto Has Important Role in Global Financial Industry An institutional investor survey conducted by digital asset bank Sygnum indicates a shift from skepticism to advocacy, “with over 80% now agreeing that crypto has an important role to play in the global financial indus...
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Navy Federal faces lawsuit, allegations of racial bias in mortgage lending The lawsuit accuses Navy Federal of violating the Fair Housing Act and the Equal Credit Opportunity Act after a report from CNN found that the lender approved a lower percentage of Black and Latino mortgage applicants.
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How Fed rate moves could impact different sectors of the stock market in 2024 Rate moves will still rule the day in 2024 for stocks.
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Comcast's Xfinity warns customer information 'likely acquired' in hacking incident The unauthorized access led to customer information that was "likely acquired," including usernames, hashed passwords, contact details and last four digits of social security numbers, the company said.
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Banks' office loans: 44% said to be underwater amid soaring vacancies Remote work trends and high interest rates have substantially reduced the values of U.S. office buildings. A new academic paper estimates the extent of the deterioration, suggesting that there is perhaps more stress ahea...
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The expert defense witness, NYU Professor Eli Bartov, told CNBC that his nearly $900,000 payment played no role in his assessment of Trump's financial records.
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Mysterious 2015 Whale Transfers 2,101 BTC, Stirring $88M in Bitcoin On Dec. 18, 2023, a colossal cache of dormant bitcoins stirred after remaining inactive for eight years and ten months. The whale transferred 2,101 bitcoins, originating from 2015, now valued at $88.55 million, utilizing...
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Watch the yen as Bank of Japan decides whether to signal exit from negative interest rates Investors will be watching to see if the Bank of Japan signals its getting ready to ditch negative rates.
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Cipher Mining Enhances Bitcoin ASIC Fleet With 7.1 EH/s Bitmain Deal On Monday, Cipher Mining revealed its acquisition of 7.1 exahash per second (EH/s) in new mining equipment from Bitmain. The company invested in Bitmain’s T21 series miners, totaling a purchase price of $99.5 million. ...
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Can you still buy an Apple Watch 9? Here's what to know. Apple won't sell two of its Apple watches to comply with an upcoming U.S. import ban starting this week
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It's the second consecutive quarter FedEx has lowered its sales guidance.
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Inflation worries return after Red Sea shipping attacks, which could undercut financial market's prevailing theme of the new year Recent attacks on commercial shipping in the Red Sea are reviving broader concerns about another outbreak of inflation, particularly in Europe, and could threaten to undercut the financial market's most important narrati...
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