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Business News

Location American Business News for 28 March 2024
Web3 Gaming Platform Elixir Raises $14M Funding From Solana Foundation and Square Enix Web3 gaming platform Elixir Games has raised a $14 million seed funding round from Square Enix, the Solana Foundation and Shima Capital, and others. The post Web3 Gaming Platform Elixir Raises $14M Funding From Solana Fo...
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A body-clock researcher explains why he never eats high-protein meals at night, and waits 1 hour to eat breakfast Our gut likes to go to bed at night. Satchidananda Panda, a leading body-clock researcher, says eating protein after dark can cause more acid reflux issues.
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Kim Kardashian sued over promotion of 'knockoff' versions of an artist's iconic table and chairs Kim Kardashian's since-deleted office tour has led to a lawsuit from the foundation of a famous minimalist artist.
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Citi says 42% of energy clients unprepared for low-carbon future With the movement to clean energy under way in most industries, banks are paying closer attention to their clients' plans.
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Home Depot Boosts Pro Offering with $18.25B Acquisition of SRS Distribution The Home Depot is acquiring building products distributor SRS Distribution for $18.25 billion in a bid to accelerate the growth of its pro offerings. The deal, which is expected to close by the end of the retailer's fisc...
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Josh Kushner and Karlie Kloss Plan to Revive Life Magazine

The New York Times - 28 Mar 2024 13:34
Josh Kushner and Karlie Kloss Plan to Revive Life Magazine The investor Josh Kushner and his wife, Karlie Kloss, have struck a deal with Barry Diller's media company to revive it as a regular print title.
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South Korean Civil Servant Charged with Crypto Fraud A South Korean civil servant was arrested on March 27 on charges of committing crypto-related fraud and carrying out voice phishing attacks. The post South Korean Civil Servant Charged with Crypto Fraud appeared first on...
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Two bodies recovered from the site of the Baltimore bridge collapse were inside a submerged red pickup truck, police said. Four men remain missing.
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China faces a 'lost decade' if it fails to tackle its debts, says Ray Dalio Billionaire investor Ray Dalio sees China heading for a '100-year big storm.'
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Container ships growing in size are no match for older infrastructure like Baltimore bridge Dispatchers recorded the moment Baltimore's Francis Scott Key Bridge fell, and experts weigh in on why these crashes could become more common.
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Bernie Sanders wants to make Ozempic cheaper

Business Insider - 28 Mar 2024 23:40
While Ozempic could be a game changer for diabetes and obesity, Sanders said its high list price makes it unaffordable to millions.
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How drug-money laundering actually works, according to a former undercover agent Robert Mazur tells the full story of his time as a government agent investigating drug-money laundering.
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Meet California's new state bat that eats scorpions and lizards The fuzzy, golden pallid bat officially became California's state bat. Here's why it's celebrated by farmers, conservationists, and bat enthusiasts.
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Birkin bags can double in value in 5 years -- and are a better investment than gold: luxury expert Hermès’ highly coveted Birkin handbag becomes even more coveted after it leaves the store — doubling in value in as little as five years, according to a luxury expert. James Firestein, founder of luxury resale and a...
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Chicago business-activity index weakens further in March The Chicago Business Barometer, also known as the Chicago PMI, weakened further in March, dropping to 41.4 from 44 in the prior month. Economists polled by the Wall Street Journal forecast a 45 reading.
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Stock market today: US stocks mixed as traders look to lock in best first quarter in 5 years The benchmark index is up roughly 10% in the first three months of the year, while the Dow and Nasdaq have also cemented winning quarters.
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Jobless claims fall slightly to 210,000, underscoring strong labor market The number of Americans who applied for unemployment benefits last week fell slightly to 210,000 and continued to hover at very low levels in a sign of strength for the economy.
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AMC shares fall 13% as movie theater chain announces stock sale Movie theater chain and original meme stock AMC wants to boost liquidity "in light of the low first quarter box office"
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Home Depot to buy building supply distributor SRS in $18B deal -- its biggest acquisition ever Home Depot announced that it’s acquiring SRS Distribution — which sells supplies to builders, roofers, landscapers and pool contractors — in a mammoth $18.25 billion deal that includes assumed debt. Home Depot said...
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Tax Refunds Are Here and Destined for the Growing Pile of Debt

Wall Street Journal - 28 Mar 2024 15:00
With credit-card debt at record levels and more households falling behind on loans, tax refunds are helping people make ends meet.
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Uh oh — it looks like ChatGPT's AI model got lazy again

Business Insider - 28 Mar 2024 11:54
Some users say OpenAI's most powerful model, GPT-4, seems to be getting lazy again, leading them to try out rivals including Anthropic's Claude.
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I used to flip burgers at McDonald's -- here's how I 'accidentally' became a millionaire Joe Davies says aspiring entrepreneurs need these three key traits -- personal drive, curiosity, and a burning desire to make money.
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