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Business News

Location American Business News for 4 May 2024
Sneaker sales for Sambas, the 2023 'Shoe of the Year', will likely peak soon, but Adidas has a plan The German sportswear giant is preparing for the inevitable downward trend in Samba sales this year. As Adidas aims to build on hot demand for its three-striped white and black Samba and multicolored Gazelle sneakers, it...
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How to watch the 2024 Kentucky Derby live without cable, including limited free options This year marks the 150th Run for the Roses at Churchill Downs in Louisville. Here's how cord-cutters can get in on the action. Dust off your finest hats--it's Derby day.
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Eight people were arrested on suspicion of organized retail theft after authorities discovered several million dollars worth of stolen medicines, cosmetics and other merchandise at multiple Los Angeles locations, sheriff...
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America's War Machine Runs on Rare-Earth Magnets. China Owns That Market. China dominates the market, but U.S. defense needs are pushing a revival effort after decades of deindustrialization.
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Small businesses recieved $178 billion in federal contracts in fiscal year 2023, which was responsible for supporting one million good jobs.
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US Authorities Charge Man in Connection With $43 Million 'Classic' Ponzi Scheme U.S. authorities have charged a man they accuse of operating a Ponzi scheme, which purported to invest in a cryptocurrency trading enterprise. The operator of the scheme is accused of defrauding investors of at least $43...
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The likely reason your résumé got rejected

Business Insider - 4 May 2024 11:52
The likely reason your résumé got rejected Job seekers often fear applicant-tracking systems, but a big reason why your résumé gets rejected might not be technology, but people.
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The Economic Slowdown Is Finally Here. Welcome It.

Wall Street Journal - 4 May 2024 11:30
Services sector cools as consumers pull back, putting rate cuts back on the table.
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Hims and Hers stock plummets 8% after CEO says he is 'eager' to hire anti-Israel protesters The stock price of Hims & Hers Health, Inc. plummeted 8% after the company's CEO said he and other executives were "eager" to hire anti-Israel student protesters who've faced disciplinary actions from their universities....
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Google blasted as 'negligent' over evidence destruction as landmark DOJ antitrust case wraps up A federal judge blasted Friday Google over a "negligent" policy that resulted in the deletion of employee chat records as closing arguments wrapped up in a landmark antitrust case that could result in unprecedented chang...
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U.S. stocks rally on 'Goldilocks' jobs report as Wall Street's fear gauge slides U.S. stocks have swung to an upbeat start in May, with Wall Street's "fear gauge" easing to its lowest level since the end of March as investor anxieties tied to inflation appeared to subside.
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Paramount Will Let Exclusive Talks With Skydance Lapse, Imperiling Deal Negotiations are now likely to focus on another suitor, Sony, which has teamed up with the private equity giant Apollo on a $26 billion bid.
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Berkshire Reports Drop in Profits but Formidable Cash Stockpile The company's first-quarter earnings were released before its annual investor meeting in Omaha.
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Grayscale's GBTC stops bleeding: First inflow since launch Grayscale Investments' GBTC has seen its first day of inflows, following over $17.5 billion in outflows since the launch of Bitcoin ETFs in January.
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GameStop's stock skyrockets 29% to continue rally and register biggest gain in over a year Shares of videogame retailer and original meme stock GameStop surged on no apparent news this week.
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Trader Loses $68M of Wrapped Bitcoin in Address Poisoning Scam An unknown trader lost $68 million worth of Wrapped Bitcoin (WBTC) in a single transaction in an address-poisoning scam. The post Trader Loses $68M of Wrapped Bitcoin in Address Poisoning Scam appeared first on Cryptonew...
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US Government Could Target Bitcoin, Warns 'Wolf of All Streets' Amid Crypto Attacks Scott Melker, also known as the “Wolf of All Streets,” has cautioned that the same attacks on cryptocurrencies by the U.S. government “would eventually come for bitcoin, regardless of it being a commodity.” His w...
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The Indestructible Art of Frank Stella

The New Yorker - 4 May 2024 23:45
The Indestructible Art of Frank Stella The artist, who has died at eighty-seven, rattled standards of modernist abstraction rather as Bob Dylan did those of folk music.
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Block Is Buying Bitcoin Every Month for Its Balance Sheet Block Inc. has announced its strategy of regularly purchasing bitcoin for its corporate balance sheet via dollar-cost averaging (DCA). The company plans to allocate 10% of its monthly gross profit from bitcoin products t...
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Higher education's descent into chaos with anti-Israel protests leads to the question -- who is behind this mass indoctrination? For every billionaire Ivy League grads thoroughly disgusted with what their contributions to Columbia, Penn and Harvard have financed -- too many others continue to throw their money at these schools.
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Boeing Locks Out Its Firefighters In Labor Dispute

The Huffington Post - 4 May 2024 22:44
The embattled aircraft manufacturer is at odds with the firefighters' union over a new contract. The union calls the lockout a safety risk.
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Jack Dorsey-Backed Initiative Donates $21M to Bitcoin Nonprofit Opensats to Bolster Development According to the 501(c)(3) public charity Opensats, a nonprofit focused on supporting Bitcoin-related initiatives and efforts that contribute to Bitcoin’s success, Jack Dorsey’s philanthropic endeavor #startsmall has...
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