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Business News

Location American Business News for 23 April 2024
FreshDirect may go under as parent Getir looks to cut costs: 'Don't see how it lasts longer than a year' Ahold gave Getir $151 million "to take FreshDirect off [its] hands," and invested an additional $30 million into Getir.
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The Most Sustainable Fish Is the Most Local. Why Is It So Hard to Find? Seafood caught in nearby waters has long been left out of the farm-to-table movement. But these people have set out to get it into stores and restaurants.
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Jack Dorsey's Block Targets Chip Advancement With 3nm Bitcoin ASIC Mining Rig On Tuesday, Jack Dorsey, the founder of Block, took to X to announce that the company is “building a mining rig.” Dorsey also shared a blog post authored by Block's lead for mining hardware products, Naoise Irwin. Th...
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Bitcoin outperforms Tesla stock for the first time since 2019 Bitcoin price is outperforming Tesla stock for the first time since 2019, though the EV giant still maintains a sizeable BTC stash.
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Ethereum price data points to strong resistance at $3.5K Ether faces subdued demand as investors' expectations of a spot ETH ETF approval continue to slump.
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'Money-hungry VCs' are bad for token launches in the long term -- Analyst Current inflows into altcoins are insufficient to offset some of the big token unlocks and selling pressure from VCs.
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FTC Sues to Block $8.5 Billion Tapestry-Capri Merger

The New York Times - 23 Apr 2024 00:49
FTC Sues to Block $8.5 Billion Tapestry-Capri Merger The deal between Coach's owner, Tapestry, and the parent of Michael Kors, Capri Holdings, is intended to create a U.S. luxury group to compete with the European industry giants.
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FTC sues to block $8.5B merger that would unite luxury brands Coach and Michael Kors Tapestry had offered to buy Capri in August, hoping to create a US fashion behemoth that could effectively battle bigger European rivals such as Louis Vuitton parent LVMH.
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Solana Stoner Meme Project Slothana Raises $15 Million in ICO, Last Six Days To Buy Monday, April 22, 2024 – Solana's sensational new 420-friendly meme coin project Slothana ($SLOTH) has raised an eye-popping $15 million dollars in a month-long presale. The ICO is still ongoing, according to a timer o...
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Investors are ramping up their exits from Cathie Wood's ARK after an epic 72% decline in her flagship fund ARK has long counted Tesla as one of its top holdings, but its more than 40% decline year-to-date has weighed heavily on the performance.
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The financial implications of my wife becoming a stay-at-home mom The cost of balancing child care and career decisions follows parents for the rest of their lives
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Pepe Price Prediction As Coinbase Futures Will List The Top Meme Coin Today The Pepe price has jumped by 6% today, having risen to $0.000006859 after Coinbase announced it will launch PEPE perpetual futures on its international and advanced exchanges. The post Pepe Price Prediction As Coinbase F...
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El Salvador: Hackers leak code of state Bitcoin wallet

Coin Telegraph - 23 Apr 2024 16:28
El Salvador: Hackers leak code of state Bitcoin wallet After leaking the entire database of Chivo users in early April, the hacker group CiberInteligenciaSV started releasing the wallet's code.
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Nidec Corp. Posts Net Loss on EV-Motor Business Restructuring

Wall Street Journal - 23 Apr 2024 08:56
Nidec Corp. Posts Net Loss on EV-Motor Business Restructuring Nidec Corp. reported a fourth-quarter net loss on restructuring expenses for its electric-vehicle traction motor business as severe competition disrupts the EV market in China.
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Renault's Group Revenue Beats Expectations

Wall Street Journal - 23 Apr 2024 08:13
Renault's Group Revenue Beats Expectations Renault confirmed its guidance for 2024 after its group revenue rose in the first quarter on higher sales, but revenue from its cars division fell slightly on unfavorable exchange rates.
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Akzo Nobel Beats Views as Sales Volumes Rise

Wall Street Journal - 23 Apr 2024 07:54
Akzo Nobel Beats Views as Sales Volumes Rise Akzo Nobel reported a growth in revenue and adjusted earnings for the first quarter that exceeded expectations, with higher volumes helping its top line, and backed its outlook for the year.
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Crypto Adoption Surges 166% In Middle East As UAE Leads: Bitget Crypto is gaining steam in the Middle East as changing cultural attitudes about Bitcoin bring more traders into the region's centralized exchanges. The post Crypto Adoption Surges 166% In Middle East As UAE Leads: Bitget...
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Truist gets an earnings boost from its investment banking unit After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest in...
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Tesla's Q1 report: Revenue drops, but shares jump on Elon Musk's plan to launch new models The Musk-led firm's revenue fell in the first quarter as it handed over fewer electric vehicles to customers due to slowing demand and intense competition worldwide.
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Europe's political leaders have been slow to recognise financial reality of long wars Ukraine needs western munitions badly but it remains unclear how much more artillery the UK is prepared to produce UK politics - latest updates Two years and two months after Russia's invasion of Ukraine started the bigg...
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Web3 Artist Shavonne Wong on the Future of NFTs

Coin Desk - 23 Apr 2024 19:01
Web3 Artist Shavonne Wong on the Future of NFTs "Having an eye on the horizon makes things less crazy," says the Consensus 2024 speaker.
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Ecuador eyes new debt-for-nature swaps involving Amazon and ocean protection The South American country is looking to build on the record-breaking $1.6 billion debt swap it arranged for its Galapagos Islands last year. Ecuador is scoping out new debt-for-nature swaps, one to funnel funds into the...
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