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Location American Business News for 29 December 2023
At the buzzer, the best meme of 2023 is actually the nihilist football Pop-Tart The memes about the Pop-Tarts mascot at the 2023 college football bowl speak to the depths of humanity, entrapped by the birdcage of capitalism.
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The stock market hasn't seen a winning streak like this since 1985 "Both the S&P 500 and Nasdaq are on pace for their ninth straight positive week, something they haven't done in unison since late 1985," Bespoke said.
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Anti-Corruption Commission Reveals South Korean Lawmakers Traded $98M in Crypto Over Past Three Years Source: Pixabay The Anti-Corruption and Civil Rights Commission has revealed that South Korean lawmakers engaged in crypto trading, totaling a staggering 125.6 billion won ($97.6 million) over the past three years. The c...
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Peter Schiff Says 'Big Surprise' Awaits in 2024 -- Warns of Crash, Recession, High Inflation Returning With Vengeance Economist Peter Schiff has shared some predictions for 2024. “The big surprise in 2024 will not only be that the economy crashes into recession, but that high inflation returns with a vengeance,” he described. The te...
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These ETF strategies were big winners in 2023. Here's where one CFRA analyst sees them going next year. ETFs linked to technology and options-based strategies did well this year. How will they fare in 2024?
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Google settles massive $5B lawsuit over improperly tracking 'incognito mode' users Financial terms of the settlement were not immediately disclosed.
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Are Aritzia's popular Super Puff coats actually worth the hype? We put them to the test to find out. Aritzia's Super Puff coats are so popular, they usually sell out before winter. After testing them, we get why people are so obsessed.
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Who will drive stablecoin innovation in 2024?

American Banker - 29 Dec 2023 18:12
Who will drive stablecoin innovation in 2024? Projects are underway at a number of payment firms including PayPal, Circle and Ripple. Location and regulation will also play a big role in what the market looks like in the next year.
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Now May Be the Time to Lock In High Interest Rates on Your Savings Rates on C.D.s are the highest they've been in years. But the Fed is signaling that it may cut its borrowing costs next year, and C.D. rates could follow.
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Social Security had a disastrous 2023. Here's why.

Market Watch - 29 Dec 2023 15:25
Social Security had a disastrous 2023. Here's why. The program's trust funds aren't making nearly as much money as they could be
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China Tightens Grip on Cryptocurrency Trading, Targets Use of Tether in Foreign Exchange Source: AdobeStock / Wit Chinese authorities have issued a stern directive for an enhanced crackdown on the use of cryptocurrencies, emphasizing their role in illegal foreign exchange trading as part of ongoing efforts t...
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The case for Apple becoming the world's first $4 trillion company Apple stock has soared 58% this year and became the first-ever company to notch a $3 trillion valuation over the summer.
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Ark Invest CEO Cathie Wood Expects Spot Bitcoin ETFs to Boost BTC Price 'Significantly' Cathie Wood, CEO of Ark Investment Management, foresees widespread institutional involvement in spot bitcoin exchange-traded funds (ETFs) following anticipated approval by the U.S. Securities and Exchange Commission (SEC...
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Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis Indicates An analysis by crypto intelligence firm Arkham indicates that Donald Trump, the 45th President of the United States, is selling millions of dollars in ether acquired from selling his non-fungible token (NFT) collections....
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The rumors are false: New York isn't forcing Chick-fil-A to open on Sundays Chick-fil-A won't open on Sundays. The proposed NY bill that sparked the false rumors applies only to new contracts issued in state-run rest areas.
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Gypsy Rose Blanchard took to Instagram to share her first post-prison 'selfie of freedom' Gypsy Rose Blanchard shared her 'first selfie of freedom' on Instagram following her release after serving 8 years in prison for murdering her mother.
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Ex-'Mighty Ducks' star Brock Pierce claims family friend 'outright' stole shuttered Puerto Rico resort, sues for $80M Crypto entrepreneur and former “Mighty Ducks” actor Brock Pierce dropped the gloves for a legal tussle with a convicted trucking tycoon over the ownership of a leveled W resort in Puerto Rico, The Post has learned. P...
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Uber and Lyft shares rallied this year. There may not be much left to drive them higher, analysts say Shares of Uber Technologies Inc. and the ride-hailing giant's smaller rival, Lyft Inc., have sprinted higher this year. But analysts on Friday suggested there might not be much left in the tank for either stock heading i...
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Michael Shriner named CEO of New Jersey's BCB Community Bancorp The community banking veteran will succeed Thomas Coughlin, who spent nine years as CEO of the Bayonne, New Jersey-based bank.
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An Ultimate World Cruise passenger took a side trip to Brazil and is now not allowed to reboard the cruise for another week Anthony McWilliams is on the 9-month Ultimate World Cruise but he's been grounded until January 4.
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US stocks fall but end the year with big gains as traders look ahead to easier Fed policy in 2024 The stock market went on a rollercoaster ride this year, with traders driving big gains in the second half as they looked forward to lower rates.
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BlackRock, Valkyrie Name Authorized Participants Including JPMorgan for Bitcoin ETF BlackRock will use J.P. Morgan and Jane Street as their authorized participants. Valkyrie has also named Jane Street in addition to Cantor Fitzgerald.
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