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Business News

Location American Business News for 17 April 2024

The Crossword: Wednesday, April 17, 2024

The New Yorker - 17 Apr 2024 12:00
The Crossword: Wednesday, April 17, 2024 Last name of filmmaking siblings Joel and Ethan: four letters.
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Demat Account: How to benefit from corporate announcements? Corporate actions include various benefits for investors like dividends, bonuses, and rights issues. Staying updated on company announcements is crucial for investors to make informed decisions impacting stock prices and...
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Cyprus SEC Extends FTX Europe's License Suspension Until September 2024 Explore the latest developments surrounding FTX Europe as CySEC extends its license suspension. Entangled in legal disputes and financial woes, the crypto firm must fulfill existing obligations while navigating an uncert...
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Study: Three-Quarters of Defi's Total Value Locked Earn 5% APY in Low-Risk Contracts In the first quarter of 2024, approximately $43.8 billion, or 76% of the decentralized finance yield market, earned an annual percentage yield (APY) of about 5% in very low-risk contracts. Staking played a crucial role i...
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Everton on the brink: questions over club's finances are more urgent than ever Time taken for Farhad Moshiri to attract new investors may have made a viable solution harder to find Everton fans are used to owner Farhad Moshiri telling them that better times will be arriving soon. He began his reign...
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Boeing whistleblower said the company threatened him and other engineers to keep quiet about safety concerns A Boeing whistleblower told a panel of lawmakers that the company has retaliated against his voicing of safety concerns, including physical threats.
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A US Navy amphibious warship returned home for repairs just 10 days after deploying USS Boxer, the lead ship of its amphibious ready group, was forced to return home for repairs just 10 days into its already delayed deployment.
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Kraken Releases Own Crypto Wallet, Joining Competition With Coinbase, MetaMask According to a blog post shared with CoinDesk, the new Kraken Wallet will be the first from a major exchange to be open-sourced.
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Tesla has begun sending out severance info to laid-off workers. Here's how much they're getting. Tesla's severance package offer includes two months' pay, five former workers told BI.
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Transportation Dept. and State Attorneys General Will Look Into Airline Complaints Transportation Secretary Pete Buttigieg announced a new partnership with more than a dozen state attorneys general that aims to improve protections for air travelers.
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Live Nation's stock sinks on a possible antitrust suit -- but Wall Street analysts aren't worried Analysts believe there is room for the concert-industry giant to make concessions without significantly changing the way it does business.
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Big pharma is looking to fatten profits with buyouts of weight-loss drug companies. Here are 4 candidates. Even if they're not acquired, these small companies are developing promising obesity and diabetes treatments.
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Bank of America hurt by rising losses in credit cards, office loans Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appet...
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JCPenney Aims to Give $500 Million Back to Customers with Revamped Rewards Program JCPenney is the latest retailer to reconfigure its rewards program with the debut of a simplified loyalty offering that nearly doubles the rate at which members earn rewards. With this enhanced earning potential, JCPenne...
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EU demands answers on money-for-views version of TikTok The platform has been given 24 hours to provide information about the potential risks of TikTok Lite.
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Russia will grow faster than the US and all other advanced economies this year, the IMF says Russia's economy in 2024 is expected to grow by 3.2%, outpacing the US, Germany, the UK, and Japan, according to the IMF.
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Travelers' stock suffers biggest selloff in 4 years after profit miss Shares of Travelers Companies Inc. took a hit Wednesday, after the property casualty insurer missed expectations for first-quarter profit, combined ratio, and net premiums written, while total revenue beat views.
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Alipay opens to more tourists, Revolut gets Mexican banking license Ant Group's Alipay is linking to Pakistan's NayaPay as part of a push to support tourism to China, Revolut has obtained a license from Mexico's National Banking and Securities Commission, and more.
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Tesla's awful 2024 is getting much worse

Business Insider - 17 Apr 2024 15:28
Tesla's awful 2024 is getting much worse Fears of layoffs at Tesla had been building along with Wall Street's growing concerns.
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First Mover Americas: BTC Post-Halving - Remember the Macroeconomy: Goldman Sachs The latest price moves in bitcoin (BTC) and crypto markets in context for April 17, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
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China was supposed to be the next big thing in venture capital. Now VCs are pulling back Investments in Chinese tech companies have plummeted amid exit uncertainty and rising government scrutiny. Not long ago, it wasn't unusual for the founders of Chinese tech companies to show up in droves to Silicon Valley...
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Tesla is stuck in the mud

Business Insider - 17 Apr 2024 11:00
Tesla is stuck in the mud Tesla's sales slump and massive layoffs have ratcheted up the pressure on CEO Elon Musk and his robotaxi promise.
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