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Business News

Location American Business News for 2 February 2024
Cracking the code: How to master UPI fraud management? MintGenie explains Hackers are using sophisticated tactics to exploit vulnerabilities in the UPI ecosystem, leading to an increase in UPI frauds in India. Phishing, fraud sellers, screen monitoring apps, money mule schemes, and SIM cloning...
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Over two-thirds of demat accounts are without nominations: Sebi Sebi has set a deadline for account holders to nominate beneficiaries or formally opt out, warning that non-compliance would lead to account deactivation
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Meta spent billions to close offices and lay people off. Now we know why. Mark Zuckerberg lost $16 billion on the Metaverse last year, but Meta investors are elated because job cuts and office closures led to huge profits.
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Elon Musk's EV maker has started releasing an over-the-air software update for about 2.2 million cars, or nearly all its vehicles on US roads.
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The best trades of the last 50 years show what investors should do now Yet again, big tech is lifting the market. A danger for investors is thinking this will always be so.
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Tesla settles California hazardous-waste lawsuit for $1.5 million Tesla Inc. will pay $1.5 million to settle a lawsuit filed earlier this week by 25 California counties accusing the EV makers of mishandling hazardous waste.
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Google parent Alphabet took a $1.2 billion hit to exit office space last quarter -- news that flew under the radar in a hectic week, says Barclays Google parent company Alphabet this week reported a $1.2 billion charge in the fourth quarter to exit office space, a notable cost that largely flew under under the radar in a hectic week, according to a Barclays researc...
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Bank of America estimates that Nvidia has the ability to generate anywhere from $40 to $80 in earnings per share towards the end of the decade.
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I upgraded my Amtrak seat to first class by bidding $95. Here's what the 4-hour ride was like. Using Amtrak's BidUp process, I turned my business-class ticket into a first-class ticket on the Amtrak Acela from New York to Boston.
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Chevron's stock rises as it returns record sum to shareholders, offsetting a big revenue miss Oil major's revenue was about $3.7 billion below consensus as profit was hit by impairment charges.
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Gate.io and D3 Partner to Apply for and Obtain '.Gate' Top-Level Domain Feb 2nd, Panama City – Gate.io, a leading cryptocurrency exchange and Web3 innovator, has announced its partnership with D3 Global, a next-gen domain name company developing interoperable digital identities, to apply f...
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Intel shares dip after report of delayed opening for its massive Ohio chip factory Shares of Intel Corp. slipped in extended trading Thursday after the Wall Street Journal reported that the start of production at the chip maker's new $20 billion manufacturing plant in Ohio will be delayed by at least a...
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Tim Cook was asked about Vision Pro's sky-high price tag. He pointed to the 5,000 patents inside. Apple's new Vision Pro costs $3,500a piece. Tim Cook said in a Thursday earnings call the price accounts for the sheer amount of technology included.
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U.S. factory orders up 0.2% in December, in line with consensus Story developing. Stay tuned for updates here.
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Is it a bubble? 'Magnificent 7' market cap now equals the GDP of 11 major world cities. So, just how big are the Magnificent Seven tech companies?
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US stocks trade mixed and bond yields surge after blowout jobs report "Job creation heated up in January, perhaps causing some Federal Reserve officials to break out in a sweat."
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Oil Giants Pump Their Way to Bumper Profits

The New York Times - 2 Feb 2024 15:59
Oil Giants Pump Their Way to Bumper Profits Exxon and Chevron reported robust earnings and large payouts to investors as they continued to expand their fossil-fuel production.
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US payrolls surge by 353,000 in January -- nearly doubling forecasts US employers added a whopping 353,000 jobs in January — blowing past economists’ forecasts and confounding fears of a slowdown. The blockbuster figure is nearly double the 185,000 jobs economists expected — and mar...
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18 Event Planning Tips

Small Business Trends - 2 Feb 2024 13:44
18 Event Planning Tips Get rid of the stress of planning an event by using some of the event planning tips on this list to make the process easier and manageable.
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Aozora shares hit their lowest levels since February 2021, plunging as much as 18.5% -- the Nikkei 225 benchmark was up 0.5%.
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Economist Peter Schiff Discusses Likelihood of a Fed Interest Rate Cut in March Economist Peter Schiff says Federal Reserve Chairman Jerome Powell taking the March rate cut off the table “may have actually raised the probability that the Fed will indeed serve up the first rate cut in March.” Mor...
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Shares of Mattel traded higher late on Thursday after The Wall Street Journal reported activist investor Barington Capital had built an undisclosed stake in the company.
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