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Business News

Location American Business News for 7 January 2024
The couple began dating in 2022. From infidelity rumors to the backlash DDG faced after releasing a song about Bailey, here's all you need to know.
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How BYD founder Wang Chuanfu went from orphan to billionaire EV empire builder, beating out Elon Musk's Tesla Wang Chuanfu's BYD just beat out Elon Musk's Tesla as the world's biggest electric car maker. Here's how the Chinese orphan built his EV empire.
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DeSantis Vows to Abolish IRS, Advocates Flat Tax in Presidential Bid Amidst Stiff GOP Competition On Jan. 4, 2024, Florida Governor and presidential candidate Ron DeSantis articulated his desire to abolish the U.S. Internal Revenue Service (IRS). He advocated for the adoption of a uniform rate flat tax for all U.S. r...
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Blackrock Lines up $2 Billion for Spot Bitcoin ETF Launch, Sources Say Blackrock, the world's largest asset manager, has reportedly lined up more than $2 billion for its spot bitcoin exchange-traded fund (ETF) within days of launch. Vaneck’s head of digital assets research and a Bloomberg...
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Rep. Elise Stefanik, a House Republican and Trump backer, said she'll wait to see if the election is "valid" before certifying 2024 election results.
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Alibaba, Tencent, Baudi, and ByteDance indicated that they would order fewer chips from Nvidia than planned this year.
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Student-loan borrowers are taking on more debt, and it's not all tuition — blame skyrocketing housing costs College towns have gotten so expensive that some students are going deeper into debt to afford housing.
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Consortium of Nigerian Banks and Fintechs Cleared to Pilot Stablecoin The Nigerian central bank has given its go-ahead for the Africa Stablecoin Consortium (ASC) to pilot its cNGN stablecoin initiative in the financial regulator’s regulatory sandbox. The ASC asserts that the cNGN stablec...
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U.S. Steel Acquisition Proposal Tests Biden's Industrial Policy The president is under pressure from Democrats and Republicans to block the sale to Japan's Nippon Steel, which could upset a key foreign ally.
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Concerns Mount Over Potential SEC Rejection of Spot Bitcoin ETFs, Analyst Weighs In The possibility of the U.S. Securities and Exchange Commission (SEC) rejecting spot bitcoin exchange-traded funds (ETFs) became a concern after financial watchdog group Better Markets called on the securities regulator t...
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Elon Musk Has Used Illegal Drugs, Worrying Leaders at Tesla and SpaceX Some executives and board members fear the billionaire's use of drugs--including LSD, cocaine, ecstasy, mushrooms and ketamine--could harm his companies.
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The Woman Shaking Up the $50 Billion Instant-Ramen Industry

Wall Street Journal - 7 Jan 2024 04:00
The Woman Shaking Up the $50 Billion Instant-Ramen Industry Kim Jung-soo invented a super-spicy brand of noodles currently on the shelves of Walmart, Costco and major U.S. grocers.
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BlackRock plans to lay off 600 employees - about 3 percent of global workforce Shares of BlackRock rebounded in 2023, up 6 percent after falling 21 percent in 2022.
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Fantasia Barrino clinched her first Golden Globe nomination for 'The Color Purple.' Here are 10 of her best press tour red-carpet moments. Fantasia Barrino wore a custom-made Sergio Hudson gown at the film's world premiere in December.
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iOS Explained: Apple's operating system version history, features, and iPhone capabilities Apple created the operating system iOS for its iPhone. Since its debut, Apple has added features to the software and released new versions.
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Explainability is a heightened focus in AI. How existing scientific techniques can ensure AI is working as intended -- and safely.
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Explainability is a heightened focus in AI. How existing scientific techniques can ensure AI is working as intended -- and safely.
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The NTSB is asking the public to help find the missing piece of the Alaska Airlines plane that blew off mid-flight The NTSB said the missing piece of the Boeing 737 Max 9 from the Alaska Airlines flight is likely near the Cedar Hills neighborhood of Portland.
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Woman who says she was on Alaska Airlines Flight 1282 that blew out a door midair said she was afraid the plane would 'nosedive at any second' A woman who says she was on board the Alaska Airlines flight that blew out a door in the air said the incident felt like something out of the movies.
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Defense Secretary Lloyd Austin was hospitalized in the intensive care unit last week, but neither his second-in-command nor President Joe Biden knew.
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'Controversial' Bitcoin Proposal to Curb Inscriptions Ignites Fierce Debate, Ends Without Resolution On Friday, Jan. 5, 2024, the debate surrounding Bitcoin developer Luke Dashjr’s proposal to restrict all varieties of data-bearing transactions concluded as the topic veered into “controversial” territory. Bitcoin ...
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Fed's Logan backs first slowing, then gradually ending, balance-sheet runoff The Federal Reserve should first slow the pace of its balance sheet reduction and then gradually end the program, to reduce the likelihood of having to stop it abruptly, Dallas Fed President Lorie Logan said Saturday.
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