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Business News

Location American Business News for 25 April 2024

A Student Journalist Explains the Protests at Yale

The New Yorker - 25 Apr 2024 03:00
A Student Journalist Explains the Protests at Yale The editor-in-chief and president of the Yale Daily News reports on the arrest of fellow-students on campus this week.
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'It will change nothing': Venice residents protest against tourism entrance fee - video Authorities in Venice have been accused of transforming the famous lagoon city into a 'theme park' as a long-mooted entrance fee for day trippers comes into force. Venice is the first major city in the world to enact suc...
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Digital Euro Not Expected to Debut Until 2028 or 2029: German Central Bank President The digital euro will likely not launch until 2028 or 2029, Germany's central bank president, Dr. Joachim Nagel, said on Wednesday. The post Digital Euro Not Expected to Debut Until 2028 or 2029: German Central Bank Pres...
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Algorand's Price Becomes Top Performer as Excitement Builds Around New Meme Coin with $15 Million Raise So-called Ethereum killer and blockchain Layer 1 token Algorand (ALGO) is one of the better-performing tokens this week. The price of the ALGO token has appreciated 16% in the last seven days, according to CoinGecko, far...
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Digital Video Ad Spend Will Exceed Linear for the First Time When it comes to video ad sales, marketers don't need a linear path to success. According to the Interactive Advertising Bureau's newly released 2024 Digital Video Ad Spend & Strategy Report, it's going to be a big year ...
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McKinsey Is Under Criminal Investigation for Its Opioid Work

The New York Times - 25 Apr 2024 01:23
McKinsey Is Under Criminal Investigation for Its Opioid Work Federal prosecutors are examining the consulting company's role in helping "turbocharge" the sale of painkillers like OxyContin.
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ByteDance promised to sue if the U.S. bans TikTok. Legal experts weigh in on what it means for users In the event of a lawsuit, the U.S. government would likely argue national security issues. Legislation forcing TikTok’s parent company to sell the video-sharing platform or face a ban in the U.S. received President Jo...
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S&P Global Report: New Legislation Could 'Boost' US Stablecoin Landscape According to a report from S&P Global Ratings, the introduction of the Lummis-Gillibrand Payment Stablecoin Act on April 17, 2024, promises to significantly reshape the U.S. stablecoin market. Authored by Mohamed Damak a...
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Meta CEO Mark Zuckerberg spooked investors on the company's quarterly earnings call Wednesday.
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Boston Beer reports a surprise profit as Twisted Tea shipments keep growing Boston Beer's stock surged in after-hours trading Thursday, after the beer brewer reported a surprise first-quarter profit and revenue that rose well above forecasts, fueled by volume increases, pricing and lower returns...
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Supreme Court justices dance around question of whether Trump could pardon himself if he wins reelection Justice Alito asked whether every president could just pardon themselves right before leaving office.
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From room size to food quality, BI's reporter noticed many surprising things on board her first cruise on Royal Caribbean's Wonder of the Seas.
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A teen whose dad cofounded Slack and mom cofounded Flickr is missing somewhere around San Francisco Mint Butterfield, the 16-year-old child of tech billionaires who cofounded Flickr and Slack, has been reported missing.
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The US economy started the year much slower than expected

Business Insider - 25 Apr 2024 14:38
The US economy started the year much slower than expected The US economy began 2024 with cooler growth than the forecast. In the first quarter of this year, real GDP rose at an annualized rate of 1.6%.
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New EPA Emissions Rules Squeeze Coal Plants

Wall Street Journal - 25 Apr 2024 11:00
New EPA Emissions Rules Squeeze Coal Plants The measures, which come as power demand is surging, will force coal plants to adopt costly technology or shut down.
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Tesla Maintains Bitcoin Holdings -- Balance Sheet Shows $184 Million in Digital Assets Elon Musk’s electric car company, Tesla, has maintained its bitcoin holdings. The company’s Q1 balance sheet shows net digital assets of $184 million. According to crypto analytics firm Arkham, Tesla continues to hol...
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The Onion has been sold to Global Tetrahedron, a company connected to Lawson — and a long-running Onion gag.
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Banks don't talk about the energy AI guzzles. Here's why they should. Artificial intelligence models are energy hogs. Climate First Bank and UBS are among the very few trying to solve this problem.
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Housing supply surges by up to 50% in these metro areas -- and many sellers are being forced to slash their asking prices The property report includes 85 major metropolitan areas in the U.S. with populations of at least 750,000.
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US economy cools as GDP growth hits lowest level since 2022 , inflation remains sticky to send Dow spiraling Fresh data released Thursday morning showed that he US economy's growth slowed to 1.6% in the first three months of 2024, sending markets into a tailspin.
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'Epic Satoshi' From Bitcoin's 4th Halving Fetches Over $2.13 Million at Coinex Auction The renowned ‘epic satoshi’ from the fourth halving block, also known as Sat # 1,968,750,000,000,000, fetched a price of 33.3 bitcoins, valued at just over $2.13 million on Thursday afternoon Eastern Standard Time. T...
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Meta plunges nearly 15% after Mark Zuckerberg's firm forecasts higher expenses from 'aggressively' investing in AI Meta plunged nearly 15% Thursday after the Facebook-parent forecast higher expenses over its plans to “invest aggressively” in artificial intelligence. The Mark Zuckerberg-led tech giant’s stock was down 13.5%, at ...
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