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Business News

Location American Business News for 30 April 2024
Sustainability Activists Take Aim at Disposable Hotel Slippers Slippers supplied by hotels -- flimsy models usually made of plastic and fabric -- are the next single-use item in the cross hairs of sustainability activists.
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HSBC chief Noel Quinn to step down after 'intense' five years Bank says it has started search for a successor as it reports quarterly profits beat forecasts Business live - latest coverage The chief executive of HSBC, Noel Quinn, is unexpectedly stepping down after an "intense" fiv...
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Southwest Airlines launches compensation program for flight delays after 2022 meltdown The airline agreed to the compensation program after the holiday meltdown that resulted in 16,900 flight cancellations and stranded 2 million passengers. The settlement included a $35 million cash fine.
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Tesla's plans to launch full self-driving tech in China could add $2 billion in earnings by 2030 and boost its stock "Competition is increasing from domestic manufacturers and FSD will help TSLA catch up to, and potentially exceed, other EV offerings on the market."
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Wall Street expects Amazon to report 12% revenue growth, a modest acceleration from a year earlier.
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"Warren Buffett has been remarkably disciplined at adding to his Apple position when it is relatively cheap," Bernstein's Toni Sacconaghi wrote.
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18 ancient Egyptian human skulls are being auctioned for $250 each, in a grim sale of colonial spoils Auctoneers are selling 18 ancient Egyptian skulls from the famed Pitt Rivers collections for $250 each. Experts are calling for a review of the law.
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Paramount's Hollywood Ending Won't Be Tidy

Wall Street Journal - 30 Apr 2024 15:00
The CEO's departure indicates a deal is near, but both potential suitors would bring fresh drama.
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China Asset Management Exec Anticipates Hong Kong Spot Bitcoin ETFs to 'Exceed' US Debut With the debut of spot bitcoin and ethereum exchange-traded funds (ETFs) in Hong Kong trading on Tuesday, market observers are speculating about the potential demand for these ETFs in the region, reminiscent of the enthu...
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MicroStrategy Q1 net loss hits $53.1M but Bitcoin buying spree continues MicroStrategy has yet to adopt the new accounting standard that would have taken the billions of dollars in paper gains from Bitcoin's 65% price rally into account.
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New US cars will be required to have automatic emergency braking in 5 years "We're living through a crisis in roadway deaths," Transportation Secretary Pete Buttigieg said in an interview. "So we need to do something about it."
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JD.com Enhances Appliance Trade-In Experience for Chinese Consumers In collaboration with more than 100 appliance brands, JD.com has expanded its "Trade-in Alliance for Household Appliances and Home Goods" services, which already have been implemented in 20 Chinese provinces and cities. ...
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Chain restaurants like Chili's are coming for fast-food giants in the latest bout of the value wars Fast-food prices are climbing, and chain restaurants like Chili's are coming for fast-food giants with meal deals and new burgers.
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Crypto's Transition: Bringing Capital Onshore

Coin Desk - 30 Apr 2024 18:02
Crypto's Transition: Bringing Capital Onshore Today, offshore firms dominate the list of the biggest cryptocurrency exchanges. Expect the center of gravity to come onshore going forward, says Paul Brody, head of blockchain at EY.
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Eli Lilly's stock jumps as first-quarter profit tops estimates amid strong sales of Mounjaro, Zepbound Eli Lilly shares popped early Tuesday after the drugmaker reported first-quarter profit that topped estimates amid strong demand for diabetes and weight-loss drugs.
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Bitcoin's bull run may be over and the next move could see it drop nearly 50%, says a market vet who predicted the token's 2018 crash "It has happened. It is real. You may not want to believe it, but I place a 25% chance that Bitcoin has already topped for this cycle," Brandt said.
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Walmart Is Shutting Health Centers After Plan to Expand

The New York Times - 30 Apr 2024 16:20
Walmart Is Shutting Health Centers After Plan to Expand The 51 locations, next to Supercenters, proved too costly to be profitable, the retailer said.
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Americans are down on the economy -- but there are good reasons to be optimistic Biden unfairly gets poor marks for handling of the U.S. economy -- which is improving.
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Dave & Buster's planning to let customers place wagers on arcade games using an app Restaurant and arcade chain Dave & Buster’s will soon allow its customers to make wagers on its popular games. Patrons will soon be able to place a $5 wager via Dave & Buster’s mobile app on the chain’s Hot Shots b...
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McDonald's profits hit by inflation, Middle East boycotts over Israel-Hamas war McDonald’s earnings fell short of expectations as its inflation-weary menu prices and boycotts at its Middle Eastern franchises hurt profits. McDonald's reported first-quarter net income of $1.93 billion, or $2.66 per ...
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Coca-Cola's first-quarter results beat top- and bottom-line estimates, boosted by 'dynamic backdrop' Coca-Cola Co. reported better-than-expected first-quarter results before market open Tuesday, boosted by what the beverage giant described as "a dynamic backdrop."
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China Vanke posted a first-quarter loss as earnings were weighed by the ongoing slump in China's property sector.
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