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Business News

Location American Business News for 24 January 2024
The Sports Illustrated Cover, a Faded Canvas That Once Defined Sports It used to be the most coveted real estate in sports journalism. But its power to set the agenda disappeared along with its elite photographers.
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Take a look at the silent X-59 aircraft, NASA's experimental attempt at creating a supersonic jet with a quieter sonic boom NASA unveiled the experimental X-59 aircraft this month with plans to launch gauge the noise of the jet's sonic boom through a series of test flights.
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A pilot taxiing a plane behind Delta Flight 982 radioed to the pilot to tell him his plane's wheel had popped off.
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Two-thirds of Americans say buying a home is overrated as a financial goal. 'You don't need to own a home to be wealthy someday.' The housing market is so unaffordable that many are turning to renting indefinitely.
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Netflix is having its way with ads, and Wall Street could win too Netflix Inc.'s growing advertising business is proving that the streaming company's bet that its customers would tolerate commercials in exchange for a cheaper price is paying off, and Wall Street should win as well.
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Intel's 'make-or-break year' will put stock's recent surge to the test Intel just kicked off a pivotal year, and investors are about to learn more about what to expect from it.
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EBay to cut about 1,000 jobs, or 9% of its workforce, as it looks to become more 'nimble' EBay Inc. said late Tuesday it will cut about 1,000 jobs, or 9% of its full-time workforce, in order to better position the company for future sustainable growth.
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SAP Launches EUR2 Billion Restructuring Affecting 8,000 Jobs Amid AI Push The German business-software company said it will focus on business-related artificial intelligence.
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Rio Tinto Inks Power Deal With European Energy for Giant Australia Solar Farm Rio Tinto said it has agreed to buy electricity from the planned Upper Calliope solar farm in eastern Australia to power its Gladstone operations.
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Robert Kraft's Foundation to Combat Antisemitism Will Air Its First Super Bowl Spot New England Patriots owner Robert Kraft, founder of the Foundation to Combat Antisemitism (FCAS), will air its first national Super Bowl spot this year. It comes after Kraft matched a $100 million donation from the Norma...
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Bill Ackman and wife Neri Oxman buy 5% stake in Tel Aviv Stock Exchange Bill Ackman and his wife Neri Oxman's investment in the Tel Aviv Stock Exchange is one of the most prominent bets on Israel since its war with Hamas escalated in October.
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Stablecoin Market Capitalization Soars to 11-Month High, Taps $134 Billion The stablecoin market capitalization has surged to its highest point in 11 months with increased network activity recorded at the start of the year. A recent market research by cryptocurrency analytics firm, CCData shows...
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MedMen goes from height of $3B valuation to zero as stock draws cease-trade order Once hailed as the first cannabis unicorn, MedMen's fortunes have gone up in smoke.
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Woman arrested for stealing 65 Stanley Cups identified as 23-year-old Delany Garcia-Lopez The accused thief arrested for swiping 65 Stanley Cups valued at a whopping $2,500 has been identified as Delany Garcia-Lopez. Lieutenant Ciampa from California’s Roseville Police Department confirmed that Garcia-Lopez...
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This is the mistake investors are making in thinking about a second Trump presidency, say UBS strategists Why January 2025 and January 2017 are not analogous
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'White Lotus' star Tom Hollander says he mistakenly got sent Tom Holland's 'Avengers' bonus paycheck: 'It was a 7-figure sum' "The White Lotus" star Tom Hollander said the incident occurred when he and Holland were signed to the same talent agency.
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A Smarter Way to Play 'China Bailout Roulette'

Wall Street Journal - 24 Jan 2024 13:20
Chinese stocks are surging on a big reserve ratio cut and rumors of an impending bailout. Tread with care.
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UPS attempt at damage limitation has cost us thousands Service has been 'appalling' over delivery of our ruined £1,528 new oven and microwave We spent £1,528 on a new Neff oven and microwave online from a kitchen retailer. The heavily discounted deal required us to arrange...
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CFPB's overdraft proposal exempts the small banks that need it most Small banks appeared to notch a big win with the exemption from the Consumer Financial Protection Bureau's overdraft proposal. But some experts are questioning the CFPB's rationale, given research that shows small banks'...
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First Horizon, the parent company of First Horizon Bank, has a market cap of $7.99 billion.
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A Colorado pastor accused of pocketing $1.3 million in cryptocurrency scam says the Lord encouraged him to use funds for a home remodel Colorado pastor Eli Regalado and his wife Kaitlyn are being accused of selling "practically worthless" crypto and using the money for a home remodel.
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Wayfair's job cuts reportedly hit remote workers harder, amid battle over returning to the office The Wall Street Journal reported that Wayfair executives on Tuesday told employees at a company-wide meeting that staff who worked remotely "were more likely to be laid off" in those cuts
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