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Business News

Location American Business News for 15 March 2024

Bill to ban TikTok could have mixed results for banks

American Banker - 15 Mar 2024 21:24
Bill to ban TikTok could have mixed results for banks Proposed legislation to force Bytedance to sell its U.S. operations of TikTok raises national security concerns and potential retaliation from Beijing.
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Daily Cartoon: Friday, March 15th

The New Yorker - 15 Mar 2024 17:28
Daily Cartoon: Friday, March 15th "Et tu, Brute? Et tu, Sam? Et tu, Zink of the Zinky-Dink Clan? Et tu, Nip-Nip and Nip-Nun? Et tu, et tu, everyone!"
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For the first time since Sega acquired Rovio for $776M in 2023, Sonic the Hedgehog and Angry Birds' universes are crossing over in 5 games.
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Hey ChatGPT, Why Isn't My AI Fund Up Like Nvidia?

Wall Street Journal - 15 Mar 2024 17:15
It's harder to hitch your wagon to Wall Street's latest fad than you might think.
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PagerDuty's stock drops on tepid guidance amid 'headwinds from small business' PagerDuty Inc.'s stock tumbled 9% in after-hours trading Thursday following quarterly results that slightly edged analyst estimates but offered tepid guidance.
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Sam Bankman-Fried Should Spend 40-50 Years in Prison, DOJ Says Prosecutors recommended that a federal judge sentence FTX founder and former CEO Sam Bankman-Fried to at least 40 and as many as 50 years in prison for his conviction on fraud and conspiracy charges tied to the collapse ...
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How Much Do You Know About the History of Hacking?

Wall Street Journal - 15 Mar 2024 17:00
How Much Do You Know About the History of Hacking? Who is considered the first hacker? When did the first denial-of-service attack occur? Test yourself on these and other questions with this quiz.
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Shares of German property giant Vonovia fell as much as 7% on Friday, shining a light on a deepening real estate crisis in Europe's largest economy.
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A TikTok-famous hairstylist went viral for fixing bad dye jobs for free. It soon backfired. When TikTok blurs the lines between influencer and customer, things can go sour, quickly.
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Cordial Systems Launches Cordial Treasury Naming Jump Crypto as a Client Cordial Systems, a venture-backed blockchain infrastructure company, has launched Cordial Treasury with several clients including Jump Crypto, the digital-asset unit of Jump Trading. The post Cordial Systems Launches Cor...
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Lyft, Uber plan to leave Minneapolis after city council forces them to hike driver pay Both companies promised to push for statewide legislation that would counter the Minneapolis ordinance.
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Adobe paid a $1 billion termination fee to fast-growing startup Figma after regulators pushed back on the two companies combining.
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Morgan Stanley wins $1.5 million bonus spat with French banker who quit The Paris court of appeals ruled against Bernard Mourad, saying the bank's cash and shares incentive programs "sought to ensure his loyalty in the long term." The judges said they were distinct from his performance compe...
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Bill Gates says AI won't magically solve problems that humans aren't already good at Bill Gates said current AI models need "data that embodies the expertise," such as in pharmaceuticals or agriculture, in order to succeed.
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Manufacturing activity falls significantly in New York in March The New York Fed's Empire State business-conditions index, a gauge of manufacturing activity in the state, fell 18.5 points in March to negative 20.9, the regional bank said Friday.
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U.S. industrial output inches up 0.1% in February after sharp decline in prior month Industrial production rose 0.1% in February, the Federal Reserve reported Friday. The gain was above expectations of a flat reading, according to a survey by The Wall Street Journal.
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Ether Could Be a Meaningful Earnings Driver for Coinbase, JPMorgan Says The bank raised its price target for the crypto exchange to $150 from $95.
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A former pharma CEO became a centenarian in 2022. He credits his longevity to the Mediterranean diet, daily walking, and keeping his brain active.
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Michael Saylor's MicroStrategy Prices Upsized $525M Debt Offering to Buy More Bitcoin The firm announced its plans to raise $500 million in a debt offering on Wednesday only days after purchasing 12,000 BTC with the proceeds of a previous $700 million offering.
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Nvidia Stock Market Value Would Be Bigger Than the World Economy A.I. fervor has rocketed the chip company's share price upward. Our columnist asked A.I. chatbots how big Nvidia would become if it kept growing as fast as it had over the past year.
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US Army instructors say Ukrainian soldiers were 'amazing' at mastering the Patriots they've used to shoot down Putin's overhyped missiles Ukraine said it has used its Patriots to down more than two dozen of Russia's Kinzhal ballistic missiles over the past year.
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Bond yields steady after big surge following PPI

Market Watch - 15 Mar 2024 12:22
Bond yields were steady Friday, after a big rise on Thursday after hotter-than-forecast producer price data.
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