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Business News

Location American Business News for 29 January 2024

Should We Sell Our Home Now or Wait Until One of Us Dies?

Wall Street Journal - 29 Jan 2024 04:00
We answer a reader's thorny tax question on capital gains.
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Vanguard Says No to Bitcoin ETFs -- Views Crypto as 'Immature Asset Class' With 'No Inherent Economic Value' Financial giant Vanguard has explained why the firm does not make spot bitcoin exchange-traded funds (ETFs) available on its trading platform. A Vanguard executive stressed that cryptocurrency is β€œan immature asset cla...
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Russian Economist: 'US Sanctions Will Undermine Dollar and Boost Digital Ruble' A leading Russian economist has claimed that American sanctions will ultimately undermine the role of the US dollar in the global economy - and help the cross-border adoption of the digital ruble. Per News.ru, the commen...
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The CEO behind Chinese startup XReal says its AR glasses will blow Apple's Vision Pro out of the water. Here's why. XReal's AR glasses aim to be an affordable alternative to Apple's pricier Vision Pro, CEO Chi Xu told Bloomberg.
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Microsoft has updated its free, online Designer AI image generator to prevent users from creating more images resembling celebrities...
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A growing tech bubble has stocks in a boom-bust cycle reminiscent of the dot-com era, market vet warns The rise of stocks like Nvidia are giving investors flashbacks of internet-hype stocks like Cisco. That makes nailing a soft landing a lot trickier.
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Billionaire Jamie Dimon says the rich should pay more to fund tax cuts for lower-income Americans JPMorgan CEO Jamie Dimon said the US government should expand federal tax credits for struggling lower-income workers by taxing the wealthy more.
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The Fed is expected to announce no rate hike at the end of its two-day meeting. Now, the possibility of a 'no landing' scenario looks real, one economist says.
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Amazon, iRobot Scrap $1.7 Billion Acquisition Deal

Wall Street Journal - 29 Jan 2024 16:21
Amazon, iRobot Scrap $1.7 Billion Acquisition Deal Amazon will pay Roomba maker a $94 million termination fee after the EU raised concerns that the tie-up would restrict competition in the robot vacuum cleaner market
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Tesla Expects Capital Expenditures to Decline After Fiscal 2024

Wall Street Journal - 29 Jan 2024 15:30
Tesla Expects Capital Expenditures to Decline After Fiscal 2024 Tesla targeted $10 billion in capital expenditures in the current fiscal year, but projected spending of $8 billion to $10 billion in fiscal 2025 and 2026.
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Microsoft earnings are on deck, and the whole software sector is riding on them It's almost time for investors to find out more about the next leg of Microsoft's AI growth.
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Bayer shares slump after court tells firm to pay $2.25 billion over Monsanto weedkiller lawsuit A Philadelphia jury ordered Bayer to pay $2.25 billion to John McKivision, who claims exposure to Roundup caused him to develop cancer
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Kaspersky Alerts Public About Mac Specific Malware Targeting Crypto Wallets Kaspersky, the cybersecurity firm based in Russia, has issued a public warning regarding a new malware strain that particularly targets Mac users, focusing on their crypto wallets. This malicious software, which infiltra...
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Decentralization to Secure Crypto Assets: Interview with Billy Mullins MatterFi, a decentralized digital asset wallet solution focused on security and efficiency, seeks to raise the bar regarding custody integration, faster transactions, and wider crypto adoption. In a recent press release,...
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WuXi AppTec Says U.S. Draft Bill Findings Against Company Not Accurate Chinese company WuXi AppTec said alleged findings by a U.S. draft bill against it were neither legitimate nor accurate and that its business wouldn't pose security risks for any country.
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The man who leaked Trump's taxes eluded investigators for years but was finally found after leaking info on Musk and Bezos, WSJ reports Federal investigators struggled to discover who released Donald Trump's tax returns until setting their sights on Charles Littlejohn for a separate leak.
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I'm a personal trainer. Here's how I spend about $100 a week at Costco to feed my family of 6. As a personal trainer and mom of four, I stick to a $100 weekly budget at Costco and buy things like cottage cheese and Kirkland Signature rice.
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The Fed may be 'patient' in cutting rates, says portfolio manager at Morgan Stanley The U.S. stock market is facing a tougher climb in 2024, even as investors expect the Federal Reserve will cut interest rates this year, according to Morgan Stanley's Andrew Slimmon.
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I spent $9,000 for just one night on Europe's leading luxury train. Here are 5 reasons it's worth the splurge β€” and one why it isn't. Business Insider's travel reporter found the Venice Simplon-Orient-Express to live up to the luxury hype in many ways. But it lacked basic amenities.
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Did Griselda Blanco actually kill all 3 of her husbands?

Business Insider - 29 Jan 2024 23:54
On Netflix's "Griselda," Sofia Vergara plays Colombian drug lord Griselda Blanco, who may have had a hand in the deaths of all three of her husbands.
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JetBlue Taps Warren Christie as Operating Chief

Wall Street Journal - 29 Jan 2024 23:50
JetBlue Taps Warren Christie as Operating Chief The said that Christie, 57, joined the company in 2003 and currently serves as head of safety, security, fleet operations, airports and JetBlue University.
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It's a strong start for the free tool, and shows a robust appetite among some artists to protect their work from being used to train AI.
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