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Business News

Location American Business News for 26 March 2024
Adam Neumann looks to buy back WeWork for more than $500M: sources Under Neumann, WeWork grew to be the most valuable US startup worth $47 billion. The flexible workspace provider filed for bankruptcy in November.
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Krispy Kreme Stock Jumps After Expanding Partnership With McDonald's Shares of Krispy Kreme surged after the donut maker said it has reached a deal to sell its donuts at McDonald's restaurants across the U.S.
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Adam Neumann reportedly bids to buy back WeWork for more than $500 million WeWork Inc.'s co-founder and former chief executive Adam Neumann has submitted a bid to buy the bankrupt company for more than $500 million, the Wall Street Journal reported late Monday.
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Standard AI shifts focus from autonomous checkout to AI-powered vision analytics, aiming to help retailers gain actionable insights into shopper behavior, optimize store performance, and drive immediate ROI while protect...
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Nayib Bukele Update on El Salvador Bitcoin Holdings Shows Growing Stack At the current price just above $70,000, the nation now holds about $400 million worth of bitcoin.
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Trader Joe's increased banana prices for the first time in over 20 years: 'This change is necessary' This is bananas. After holding our price for Bananas at 19 cents each for more than two decades, we've now reached a point where this change is necessary," a Trader Joe's spokesperson said.
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Why the money laundering fight is going to the next level

American Banker - 26 Mar 2024 03:00
Why the money laundering fight is going to the next level Wars in Ukraine and the Middle East. Fiercely polarized U.S. politics. Rapidly multiplying payments options on social media networks and elsewhere. Those factors and more are making it harder than ever for banks to comba...
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Roger Ver Rejects Blockstream CEO's Invitation, Remains Loyal to Bitcoin Cash Over BTC Roger Ver, an early Bitcoin investor, has decided to continue supporting Bitcoin Cash (BCH) over Bitcoin (BTC) despite an invitation from Blockstream CEO Adam Back to rejoin the Bitcoin community. Ver criticizes layer tw...
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Boeing's outgoing CEO David Calhoun got millions in extra awards just a year ago If you want to get a fascinating insight into the crisis that has enveloped Boeing, look no further than the company's filings relating to executive compensation -- or, some might say, executive plunder.
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DraftKings is showing this 'powerful sign' that could help boost its stock 20% DraftKings' stock has been a big recent winner, rising nearly 170% over the past 12 months. But there's still room to run, according to a new bull.
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GameStop shares make biggest gain since December ahead of fourth-quarter results GameStop's stock ended Monday's session up 15.4%, registering its largest daily percentage increase since Dec.13, 2023.
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Donald Trump's media company surges 50% in Wall Street debut The former president managed to secure a drastically reduced bond of $175 million in his civil fraud case, sending the stock price soaring.
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Krispy Kreme's deal with McDonald's to double 'points of access' for doughnuts Krispy Kreme's stock soared Tuesday, after the doughnut seller said its doughnuts will start becoming available at all of the fast-food giant's U.S. restaurants.
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The U.S. Investors Caught in the Scrum Over TikTok

The New York Times - 26 Mar 2024 15:56
The U.S. Investors Caught in the Scrum Over TikTok Major U.S. investment firms such as General Atlantic, Susquehanna and Sequoia Capital own stakes in ByteDance, the parent of TikTok. Their investments are increasingly under fire.
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Dollar Tree lifts price cap to $7, cites influx of shoppers making $125K and up Dollar Tree said that it’s raising its price cap to $7 as it sees an influx of shoppers making upwards of $125,000 a year, according to the discount giant’s CEO. “This year, across 3,000 stores, we expect to expand...
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Alibaba Scraps Logistics Listing as Hong Kong IPO Woes Worsen

Wall Street Journal - 26 Mar 2024 15:02
The Chinese internet company has abandoned plans to list Cainiao, dealing a blow to Hong Kong's beleaguered initial public offering market.
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Stock market today: US futures tick up ahead of key inflation figures Investors are playing a waiting game ahead of the personal consumption expenditures (PCE) index due to be released on Friday.
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Bitcoin Price Maintains $70,500 as GBTC Net Outflows Exceed $14.1 Billion The price of Bitcoin has maintained a level around $70,500 despite recent outflows from spot ETFs led by Grayscale's GBTC. The post Bitcoin Price Maintains $70,500 as GBTC Net Outflows Exceed $14.1 Billion appeared first...
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Philippines Blocks Binance, Citing Threat to Security of Investor Funds The Philippines has proceeded to block crypto exchange Binance. The country’s Securities and Exchange Commission (SEC) has concluded that the public's continued access to Binance’s websites and apps “poses a threat...
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Detained Binance Executive Escapes Custody in Nigeria, Government to Request Interpol Assistance A senior executive at Binance, who was detained by Nigerian authorities in late February, has since escaped from custody. The executive Nadeem Anjarwalla is believed to have left the country using a Kenyan passport. The ...
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South Korean 'Crypto Fraudsters' 'Duped Financier Out of $4.1m' Suspected South Korean crypto fraudsters allegedly fooled a wealthy financier into parting with over $4.1 million, the nation's police force said on March 25. The post South Korean 'Crypto Fraudsters' 'Duped Financier Ou...
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Boeing's CEO is departing, but the company's problems run far deeper Troubled aviation giant needs to restore its engineering and safety reputation.
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