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Location American Business News for 8 February 2024
NYC real estate tycoon Harry Macklowe's kin crafts own path with top-shelf whiskey Julie Macklowe's interest in whiskey first began two decades ago when she began collecting the spirits as a 23-year-old finance grad while working in Asia.
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Monty Python humor meets Medieval manuscripts in turn-based strategy game Inkulinati, launching on PC and consoles on February 22, 2024.
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EPFO may reinvest half of ETF redemption proceeds in equity: Report The Central Board of Trustees will consider another proposal to increase the redemption period for better yields for investments in equities from four years to seven years in the next six years.
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McDonald's will open 1,000 new outlets in China by the end of 2024. The expansion effort is part of its goal to have 10,000 stores in China by 2028.
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China Car Sales Make Strong Start to Year But May Slow on Weak Sentiment China's vehicle sales made a strong start to the year but subdued consumer sentiment during the Lunar New Year period could put the brakes on momentum.
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First Mover Americas: Bitcoin Approaches $45K; Crypto Trading Volumes Rise The latest price moves in bitcoin [BTC] and crypto markets in context for Feb. 8, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
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Bitcoin Soars Above $45K, Reaching 4-Week High Post Spot ETF Launch Bitcoin’s USD value surged to its peak in nearly four weeks, marking the highest point since the launch of spot bitcoin exchange-traded funds (ETFs) on Jan. 11, 2024. On Thursday, bitcoin’s price climbed over 4% agai...
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Hong Kong Seeks Input on OTC Crypto Trading Rules

Crypto News - 8 Feb 2024 13:12
Hong Kong Seeks Input on OTC Crypto Trading Rules Hong Kong on Thursday announced a consultation on regulating over-the-counter (OTC) crypto trading. The Financial Services and the Treasury Bureau consultation seeks to establish a conceptual framework for licensing virt...
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ArcelorMittal Positive on Demand

Wall Street Journal - 8 Feb 2024 10:52
ArcelorMittal Positive on Demand ArcelorMittal posted slightly better-than-expected underlying earnings for the fourth quarter despite a negative impact from the disposal of its Kazakh operations, and said it sees improving steel demand conditions in 20...
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Myro Price Dips 15%, Is New Meme Coin Smog The Best Crypto To Buy Now? The Solana meme coin sector has witnessed a major move as Myro, a coin named after the Solana founder’s dog, experienced a 15% drop in value. This article will provide an analysis of MYRO’s current price trends and l...
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SocialFi Project Friendzone to Debut on Polygon Blockchain Decentralized social marketplace Friendzone is hopping on the Polygon blockchain for a Feb. 26 launch, and eyeing a move to Polygon zkEVM down the line. The app is said to combine the emotional aspects of traditional soc...
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Do Kwon Wins Appeal as Montenegro Court Overturns Extradition The Montenegro Court of Appeal has set aside the decision to extradite the co-founder of Terraform Labs Do Kwon saying the original order was "affected by significant violations." The court decided to revoke the extradit...
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Michelle Pfeiffer in negotiations to play female lead in new 'Yellowstone' spinoff opposite Matthew McConaughey: report Pfeiffer is closer to striking a deal than McConaughey, who won't sign on until he sees a script for the "Yellowstone" sequel, said PUck.
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Maersk Suspends Buyback as It Navigates Uncertain Market

Wall Street Journal - 8 Feb 2024 11:56
Maersk Suspends Buyback as It Navigates Uncertain Market Maersk suspended its share buyback program as it moved to preserve cash, with uncertainty surrounding disruption in the Red Sea and as industry overcapacity continued to drag on freight rates.
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Disney's stock pops on big earnings beat, dividend, lower streaming losses Walt Disney Co.'s stock popped 7% higher in after-hours trading Wednesday on stronger-than-expected quarterly earnings, deeper cuts, and a massive reduction in its streaming-business losses.
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PayPal says its innovations' impact will take time

American Banker - 8 Feb 2024 01:41
PayPal says its innovations' impact will take time CEO Alex Chriss told analysts the company's AI-heavy product rollouts won't improve financial results in the near-term.
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Warner Music to lay off 10% of workforce as part of restructuring plan Goal is to free up more cash to fuel growth in 'core' areas, Warner says.
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Blockchain Could Have Saved Americans $74 Billion on Credit Card Fees: Coinbase Coinbase, a leading cryptocurrency exchange, has emphasized the potential of blockchain technology to save American consumers billions of dollars in its latest “State of Crypto Report,” released on Wednesday. Accordi...
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Illicit Virtual Asset Use On The Rise, U.S. Treasury Report Reveals The U.S. Treasury Department is seeing an increase in illicit crypto use according to a Thursday report. The department's 2024 National Risk Assessments on Money Laundering, Terrorist Financing, and Proliferation Financi...
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Kraken Obtains VASP Registration From Dutch Central Bank Crypto exchange Kraken was granted a virtual asset service provider (VASP) registration from the Dutch Central Bank today. Kraken announced the acquisition of its fourth European VASP license, which will make its service...
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Spirit Airlines says its liquidity 'should be more than adequate' for its cash-flow goal Spirit posted a slimmer loss than expected for the latest quarter, while calling out encouraging booking trends.
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Jobless claims fall to 218,000 and show layoffs still very low The number of Americans who applied for unemployment benefits in the first week of February fell by 9,000 to 218,000 and indicated that layoffs remain extremely low.
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