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Business News

Location American Business News for 21 February 2024
Asus ROG Ally review: A powerful handheld gaming PC held back by a few bugs The Asus ROG Ally is a gaming handheld that runs on Windows. Many control issues we ran into at launch have been fixed, but some key flaws remain.
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Navy Federal names next chief executive

American Banker - 21 Feb 2024 19:43
Navy Federal names next chief executive The world's largest credit union said that Dietrich Kuhlmann, a retired rear admiral and currently the institution's chief operating officer, would succeed retiring CEO Mary McDuffie on March 1.
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Germany warns aging society will lead to huge worker shortage: 'Lack hands and minds' Official estimates suggest Germany's aging society will be short seven million skilled workers by 2035.
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7 strategies to recruit top job candidates who were laid off, according to a veteran tech recruiter A tech recruiter shares seven strategies to recruit the best job candidates who were laid off. Layoffs can be ideal for companies to hire talent.
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Cryptocurrency Exchange Bitget Eyes Latam Expansion

Bitcoin.com - 21 Feb 2024 07:00
Cryptocurrency Exchange Bitget Eyes Latam Expansion Bitget, a top 15 cryptocurrency exchange, is seeking to expand its operations in Latin America, a market traditionally dominated by incumbents like Binance and Bitso. Maximiliano Hinz, Bitget’s growth director for Lata...
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Terra Founder Do Kwon to be Extradited to the US, High Court Decides Montenegro's High Court just decided that the founder of the failed Terra crypto blockchain Do Kwon will be extradited to the US, where he is being prosecuted for financial fraud, a local news outlet reported. The post T...
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153,000 student-loan borrowers are getting $1.2 billion in debt wiped out — the first group to see relief under a new repayment reform Biden announced student-loan forgiveness for the first batch of borrowers to benefit from the shortened timeline for relief under the SAVE plan.
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The Capital One-Discover deal raises thorny issues for Washington The blockbuster merger proposal will be reviewed at a time when the Biden administration is expressing skepticism about consolidation. Its analysis will have to account for markets dominated by both big banks and the lik...
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Citigroup, amid layoffs, gives CEO Jane Fraser bigger pay raise than Jamie Dimon Citigroupincreased Chief Executive Officer Jane Fraser’s compensation by about 6% to $26 million for 2023, the lender said in a filing on Tuesday. Her pay was comprised of a base salary of $1.5 million, cash bonus of $...
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UK officials recommend extending post-Brexit steel quotas Kemi Badenoch to make final decision amid British industry fears of possible flood of imports Whitehall officials have recommended extending post-Brexit steel quotas - a development that will come as a relief to the Brit...
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First UK banknotes featuring Charles III to be released on 5 June Bank of England says any machine that handles UK banknotes must be updated to accept the new designs Banknotes featuring King Charles will be issued for the first time on 5 June, prompting the Bank of England to warn bus...
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Glencore cuts dividend as Swiss firm's earnings fall 50% due to collapse in global coal prices The Swiss firm cut its dividend with a view to paying down debts from its $9 billion acquisition of Teck Resource's coal assets
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The CEO of Ryanair told Reuters Boeing "doesn't appear to have a grip on the situation" and he wants to see the company "getting their act together."
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3 things to never do at work, according to an HR professional with 10 years' worth of experience Oversharing or being too humble about your work can undercut your career, an HR professional says. You also shouldn't stay long at office parties.
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Why the world's mining companies are so stingy

livemint.com - 21 Feb 2024 05:48
Why the world's mining companies are so stingy The energy transition requires vast quantities of metals. But miners are reluctant to invest
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Teladoc's stock dives after it forecasts slower growth in virtual healthcare Shares of Teladoc Health Inc. sank after hours Tuesday after the telehealth provider, known for its BetterHelp therapy platform, offered a largely downbeat forecast for the months ahead and warned that the market for vir...
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George Soros' fund set to become largest shareholder in radio giant Audacy Radio and podcasting giant Audacy Inc. has received court approval to emerge from bankruptcy, with George Soros' investment fund on track to become the company's largest stakeholder.
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RingCentral calls for lower 2024 sales than Wall Street expects, and the stock falls RingCentral Inc.'s stock falls more than 6% after the cloud-based communications company's sales guidance disappoint investors.
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Bonus Daily Cartoon: Biden Mail!

The New Yorker - 21 Feb 2024 23:58
Bonus Daily Cartoon: Biden Mail! "Hold on. I'm searching through all the junk mail Biden sends me to see if he's forgiven my loans."
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Donald Trump plans to fight the massive fine he received in his New York business fraud case. But first, he has to secure a bond -- and that might not be easy.
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Nvidia just proved the AI boom has room to run

Business Insider - 21 Feb 2024 23:58
Nvidia announced it made $22.1 billion in revenue, beating Wall Street's estimates on the strength of its AI business.
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Bitcoin Could Hit $150K This Year, Says Fundstrat's Tom Lee Bitcoin price can reach as high as $150,000 this year fueled by ETFs, halving and Fed rate cuts, Fundstrat's Tom Lee said.
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