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Business News

Location American Business News for 10 March 2024

William Whitworth, Revered Writer and Editor, Is Dead at 87

The New York Times - 10 Mar 2024 00:42
After writing memorable character sketches and fine-tuning others' copy at The New Yorker, he spent two decades as editor in chief of The Atlantic Monthly.
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Timeline: Western Alliance dodges a bullet

American Banker - 10 Mar 2024 14:00
Timeline: Western Alliance dodges a bullet During the March 2023 banking crisis, company executives had to calm panicked customers, shore up liquidity and reassure investors after two other regionals failed. Key decisions during a critical seven-day window likely...
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JPMorgan Says 'Unrealistic' to Expect Bitcoin to Match Gold Within Investors' Portfolios JPMorgan says the argument that bitcoin’s market cap would rise to $3.3 trillion if it matched gold in portfolios, implying more than doubling in price, overlooks risk. “It would be unrealistic to expect bitcoin to m...
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Western Alliance's survival saga

American Banker - 10 Mar 2024 14:00
Western Alliance's survival saga Last spring, the company's executives stared down any banker's worst fear: the threat of a deposit run. Here's what kept them off the list of 2023's dead banks.
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Bitcoin Price Prediction as On-Chain Metrics Reveal Whales are Holding Despite Recent Surge In a vibrant crypto rally, Bitcoin's surge towards $69,400 showcases the whale's steadfast hold, setting the stage for a bullish Bitcoin price prediction. The post Bitcoin Price Prediction as On-Chain Metrics Reveal Whal...
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Potential Obstacle to Trump Media's Merger Appears to Have Been Cleared Two early founders of Donald Trump's social media company reached a temporary truce with the company on Saturday.
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Bitcoin Surge Propels DeFi TVL Past $100 Billion Milestone The decentralized finance (DeFi) sector has surpassed a significant milestone, with the total value locked (TVL) in DeFi protocols exceeding $100 billion. The post Bitcoin Surge Propels DeFi TVL Past $100 Billion Milesto...
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Gold's Price Surge to Nearly $2,200 Overshadowed by Bitcoin's 'Speculative Mania,' Peter Schiff Claims In a manner similar to bitcoin and the overall crypto market, gold’s value has climbed, nearly touching $2,200 per ounce this week. This uptick is widely attributed to demand from central banks, with surveys indicating...
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Citigroup CEO Jane Fraser has chance to pull off the restructure of the century, bring banking empire back to its former glory It seems almost unfathomable that there was time -- and not that long ago -- that Citigroup was the model financial services firm.
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Saudi oil giant sees sharp fall in profits Saudi Aramco is boosting its pay-out to shareholders despite a 25% fall in profits last year.
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The biggest perk of gig work might also be its downfall

Business Insider - 10 Mar 2024 12:23
The biggest perk of gig work might also be its downfall Many gig drivers lured by the flexibility of their job say it's often limited, as many work early or later hours for more profitable rides.
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It's pretty clear: Elon Musk's play for OpenAI was a desperate bid to save Tesla At the same time that Elon Musk was trying to take over OpenAI, Tesla was in deep trouble. It's not hard to see how those two things are connected.
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Florida condo owners are stuck in a 'train wreck' as prices drop and mounting insurance rates scare away buyers Rising insurance costs and HOA fees related to extreme weather events are driving up ownership costs of Florida condos. Owners want to sell, but buyers are scared off.
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Jamie Dimon and Ray Dalio may say they got predictions on US economy wrong, but some experts still say the US is not out of the woods yet.
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Billionaire Hedge Funder Bill Ackman Mulls Bitcoin The activist investor has previously mostly steered clear of any involvement in crypto.
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Polls show that more than 62% of Americans are in favor of doing away with daylight-savings time and almost every state is considering a law to do it.
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The best-dressed celebrities at the 2024 Oscars

Business Insider - 10 Mar 2024 23:17
The best-dressed celebrities at the 2024 Oscars Gabrielle Union-Wade and Brittany Snow were among the best-dressed stars at the 2024 Oscars.
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Katie Britt defended her story suggesting Biden's border policies are to blame for sex trafficking that happened 3 presidencies ago Sen. Katie Britt defended detailing an account of sex trafficking during her SOTU rebuttal, denying that it was deceptive to link it to Joe Biden.
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Celebrities who revealed their pregnancies on the red carpet in stunning fashion Blake Lively, Sophie Turner, and Vanessa Hudgens have all debuted baby bumps during red-carpet appearances or interviews.
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Bitcoin Whale From 2015 Moves 'Sleeping Bitcoins' Worth $163M as Historic Wallets Wake Up As bitcoin remains stable above the $69K mark, an entity from 2015 made onchain waves by moving 2,352.62 bitcoins valued at more than $163 million. This individual executed the transfer through 80 distinct transactions, ...
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What 'The Wolf of Wall Street,' 'Dumb Money' and 'The Big Short' say about investor behavior Do films about money offer investing truths or are they just Hollywood stories?
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How to watch a free Oscars live stream from anywhere: Academy Awards channel and times The Academy Awards get underway soon. Here's how to watch the Oscars for free from any country in the world.
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