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Business News

Location American Business News for 23 February 2024
Bill Ackman demands Business Insider retract story calling wife Neri Oxman a plagiarist --saying 'hit job' was because he attacked Claudine Gay The billionaire says his wife Neri Oxman was targeted because he was outspoken against antisemitism in scathing letter -- and could sue next.
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Sugar mills can now sell potash derived from molasses to fertiliser firms The government will also pay a subsidy of ₹345 per tonne to PDM manufacturers as part of its plan to reduce India's dependence on fertiliser imports.
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Conversations from the Dice Awards green room

Venture Beat - 23 Feb 2024 20:00
We have some nice moments to share from sitting in the Dice Awards green room and interviewing the winners as they walked off stage.
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Ukraine's war has shown the US its expensive missiles aren't as effective as it thought: report Expensive precision-guided US missiles are vulnerable to electronic jamming, forcing the Pentagon to reconsider its plans.
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Jack Dorsey-Led Block Witness High Profits on Bitcoin Sales Via Cash App Block payments platform earned $66 million from selling Bitcoin through Cash App, the firm's recent Q4 2023 earnings report noted. The post Jack Dorsey-Led Block Witness High Profits on Bitcoin Sales Via Cash App appeare...
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Discover to pay Capital One $1.38B if it accepts another offer The two companies in the largest bank merger since the 2008 financial crisis released details of their agreement. It leaves the door open for Discover to field better offers, though the payments company would pay a break...
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Greener snowmaking is helping ski resorts tackle climate change As a warming world creates an existential threat for the ski industry, resorts are reducing how much energy they need to make it snow Trudging across the top of Bromley Mountain Ski Resort on a sunny afternoon in January...
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Why the energy price cap has come down for April - to what could be a new normal The reduction in the Ofgem price cap that will apply from April may be the final step on the long, ruinously expensive road to a new normal for consumer energy prices. 
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FTX Cleared to Sell Its Stake in AI Startup Anthropic: Report Bankrupt cryptocurrency exchange FTX has been permitted to sell its shares in the artificial intelligence firm Anthropic, according to an issue ordered by U.S. Federal Judge John Dorsey on Thursday, reports Reuters. The ...
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Marc Lore Brings Wonder Food Hall to Pennsylvania Walmart

Retail Touch Points - 23 Feb 2024 20:52
Marc Lore Brings Wonder Food Hall to Pennsylvania Walmart Wonder, the food hall concept from entrepreneur and Jet.com founder Marc Lore, has opened a new location in a Quakertown, Penn., Walmart. This is the 11th Wonder storefront in the U.S., and the first in Pennsylvania. It ...
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Magician with fork-bending world record says Dean Phillips consultant paid him to make fake audio of Biden Paul Carpenter, who holds world records in both fork-bending and straightjacket escaping, said a consultant for Dean Phillips' campaign paid him.
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You Say Bitcoin Is Digital Gold? Maybe It's Digital Pearls

Wall Street Journal - 23 Feb 2024 18:00
Almost every previously disruptive technology has ended up being disrupted. Bitcoin could be too.
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WSM Casino Hits Major GambleFi Milestone With $10M in Crypto Deposits - Could This Supercharge Upcoming Wall Street Memes $WSM Burn Event? Friday, February 23, 2024 – As the Wall Street Memes ecosystem braces for a major February burn event, the WSM Casino has revealed a highly-anticipated growth milestone for the fast-growing GambleFi project – explore...
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Argentina to Regulate Cryptocurrency Exchanges With Executive Order The government of Argentina is reportedly preparing to regulate cryptocurrency service providers with an executive order. The measure would be directed to keep Argentina out of the Financial Action Task Force (FATF) gray...
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Sen. Elizabeth Warren Calls Republican Opponent John Deaton's Campaign a Senator Elizabeth Warren (D-MA) referred to Republican opponent John Deaton's campaign as a "threat" as she called on supporters to help fund her campaign against him, newly surfaced emails from the politician over the p...
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Sleep Number loses less money than Wall Street feared, and stock rallies Business climate remains 'challenging,' but Sleep Number is making progress on cost cutting, it says.
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Jack Dorsey's plan to reshape Square

American Banker - 23 Feb 2024 21:50
Jack Dorsey's plan to reshape Square After his aggressive cost-cutting raised profits above analysts' expectations, Block's CEO aims to retool several features of Square and Cash App to enable them to operate like a "social bank."
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The 12 best hair dryers for the perfect at-home blowout

Business Insider - 23 Feb 2024 20:26
The 12 best hair dryers for the perfect at-home blowout We spoke to salon professionals about what makes the best hair dryer. Our favorite picks include diffusing blow dryers from Dyson, T3, and more.
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Mercedes Benz ditches plan to sell only EVs by 2030

Business Insider - 23 Feb 2024 19:46
Mercedes-Benz probably won't go all-electric by 2030, as it once planned. The market for EVs just isn't there yet, the company says.
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Nvidia now worth $2 trillion, becoming only third U.S. company to hit that mark Only Apple and Microsoft have ever finished in $2 trillion territory.
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Bank CEOs celebrate pay raises while junior bankers face another year of stingy bonuses Bank bosses enjoyed pay hikes in 2023, while rank-and-file workers were handed another year of stingy bonuses, according to this week’s round of earnings. Nowhere was that more evident than at Standard Chartered, whose...
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Warner Bros. Discovery's stock tumbles as streaming losses improve but miss Wall Street's mark In streaming, Warner Bros. Discovery operates the Max service among others.
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