Business News
Euphoria over Bitcoin ETF as trading volume surges past $4B on just the first day
New York Post - 12 Jan 2024 02:33
The ETF launches lifted the price of Bitcoin up to its highest level since December 2021.
CVS closing dozens of Target pharmacies in latest cost-cutting move
New York Post - 12 Jan 2024 01:05
The pharmacy closures will begin in February and be completed by the end of April, CVS said.
Twitch is laying off 500 workers. Its CEO is upset the news leaked early
L.A. Times - 12 Jan 2024 00:11
Twitch Chief Executive Dan Clancy criticized employees for leaking news to the press about the layoffs of over 500 employees this week.
European Banks Brace for Testing Times After Peak in Interest Rates
Wall Street Journal - 12 Jan 2024 17:52
European bank executives say the industry is likely to handle the shift with resilience, though analysts expect last year's big earnings boost will lose steam in 2024.
'Entitled' Gen Zers unprepared for workforce, experts say -- here's why
New York Post - 12 Jan 2024 17:06
'Gen Z is not a lazy generation, but it is an entitled generation,' one labor expert explained
JPMorgan Chase's net income drops but beats analyst estimates as the U.S. economy 'remains resilient'
Market Watch - 12 Jan 2024 16:59Wells Fargo set aside a lot more money for potential loan losses, stock falls
Market Watch - 12 Jan 2024 16:57Morgan Stanley to Pay $249 Million in Block Trading Investigation
The New York Times - 12 Jan 2024 16:39
Federal prosecutors found at least one employee at the Wall Street firm had committed deceptive practices in handling trades of large blocks of stock from 2018 to 2021.
Citigroup posts $1.8 billion fourth-quarter loss after litany of charges
CNBC - 12 Jan 2024 15:58
Citigroup CEO Jane Fraser announced plans for a sweeping corporate reorganization in September after previous efforts failed to boost the bank's share price.
10 of the most beautiful places in the US, according to someone who's been to all 50 states
Business Insider - 12 Jan 2024 14:55Here Are the Coins that Will Benefit the Most from the Bitcoin ETF Approval
Crypto News - 12 Jan 2024 03:31
Source: DALL·E Some cryptocurrencies are likely to benefit more than others following the SEC’s spot Bitcoin ETF approval in the USA. Spot Bitcoin ETF approval give non-web3 savvy retail and institutional investors ea...
Discord cuts 17% of employees to 'sharpen its focus'
Venture Beat - 12 Jan 2024 01:41
Discord announced that it's laying off around 170 workers as part of its efforts to improve its efficiency.
Is buying a used Tesla from Hertz a good deal? Here's what to know.
Market Watch - 12 Jan 2024 01:33International Flavors & Fragrances Taps Fyrwald to Succeed Clyburn as Next CEO
Wall Street Journal - 12 Jan 2024 00:10Wells Fargo is 'still early in the cycle' as soured office loans rise
American Banker - 12 Jan 2024 23:51
The San Francisco-based bank warned for months that charge-offs were likely to start rising as some office-related loans went bad. It began to happen in the fourth quarter, which could be an omen for regional banks that ...
U.S. strikes Yemen: Are L.A., Long Beach ports ready for cargo surge?
L.A. Times - 12 Jan 2024 23:43
Southern California's twin ports could see more freight business as shippers seek new routes away from problems at the Suez Canal and the Panama Canal.
US supreme court to consider Starbucks case over fired pro-union workers
The Guardian - 12 Jan 2024 23:40
Court agrees to consider challenge by coffee chain to judicial decision requiring it to rehire seven union activists in Tennessee The US supreme court agreed to consider a challenge by Starbucks to a judicial decision re...
What to Do When You Lose Your Biggest (and Only) Agency Client
AdWeek - 12 Jan 2024 23:35
It was my first "real" vacation since the pandemic. On the morning of day three, I got a text from the CMO of a client of mine for the past thirteen years. My only client, in fact. I managed a team of 120 people who were...
House Financial Services Committee forms AI working group
American Banker - 12 Jan 2024 23:34
Led by Congressmen French Hill and Stephen F. Lynch, the council will explore how artificial intelligence is influencing the development of new products and services, fraud prevention and other areas across the financial...
US Supreme Court will hear Starbucks labour fight
BBC - 12 Jan 2024 23:33
The case has implications for what kind of relief workers can hope for in labour disputes.
ECB Member Isabel Schnabel: Bitcoin Is 'Speculative,' 'Unlikely' to Be Purchased by the Bank
Bitcoin.com - 12 Jan 2024 23:30
Isabel Schnabel, member of the European Central Bank (ECB) executive board, has blasted bitcoin’s characteristics, stressing that it is a speculative asset unlike central bank digital currencies (CBDC) like the propose...
President Biden stops by Pennsylvania stores to talk up his record on small business creation
Chicago Tribune - 12 Jan 2024 23:30
President Joe Biden is trying his hand at retail politics.