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Business News

Location American Business News for 18 May 2024

How Companies Dodge Tariffs

The New York Times - 18 May 2024 14:00
How Companies Dodge Tariffs Protectionist trade policies are popular on both the left and right. But some economists say they're likely to backfire.
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The sytem was designed to add to Israel's air defenses by detecting incoming missiles and drones, officials have said, per The Times of Israel.
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Pint-sized inflation critics rage against rising price of ice cream in sweetest cost-of-living rant yet Two treat-seeking misses were knocked seriously off course by the skyrocketing cost of a cone at their local park.
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Cassie appeared to be bruised on her body 2 days after Sean 'Diddy' Combs appeared to physically attack her in 2016, report says The singer, who dated the music mogul from 2007 to 2018, brought a lawsuit against him in late 2023, accusing him of perpetuating a "cycle of abuse."
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A recruiter shares why you might get ghosted, how to follow up, and when to move on. After four emails, you've probably been intentionally ghosted.
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Warren Buffett warned AI is like the atomic bomb, but this expert thinks he's being way too gloomy Warren Buffett warned humanity has let the genie out of the bottle again with AI. Nuclear power may be a better analogy given its risks and benefits.
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Dolce & Gabbana Sued Over $6,000 NFTs Losing 97% Value Dolce & Gabbana USA Inc. faces a lawsuit from a customer who claims the non-fungible tokens (NFTs) he bought for $6,000, which included metaverse outfits, lost 97% of their value due to delivery failures by the luxury fa...
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'Big Short' Investor Michael Burry Goes Hard on Gold, Invests $10 Million in Q1 Michael Burry, an investor famous for making a fortune by anticipating the 2007 subprime mortgage crisis, made a sizable bet on physical gold. According to regulatory filings, Burry’s Scion Asset Management purchased o...
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Value Locked in Defi Nears $100B Range Again After $11.89B Increase in 35 Days Over the past 35 days, the total value locked in decentralized finance (defi) protocols has expanded by $11.89 billion, recovering from a low of just over $83 billion on April 13. Although it has not yet reached the $100...
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Looking to place a wager on the Preakness? Here's how to become a savvy bettor. The second leg of racing's Triple Crown is set for Saturday at 6:40 p.m. Eastern time.
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Why Warren Buffett's record $189 billion cash pile isn't the market-crash signal some say it is "Everybody gets excited, they go hyperbolic about it, but it's not that big of a number," Chris Bloomstran said of Buffett's $189 billion cash pile.
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The Magnificent 7 companies are worth a combined $14 trillion — here's how much their CEOs make Microsoft, Apple, Nvidia, Alphabet, Amazon, Meta and Tesla are worth $14 trillion — and their CEOs are paid handsomely.
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My three kids had been asking to play video games, but I didn't want them to be sedentary. I found that the Nex Playground keeps them moving.
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A millennial CEO launched a fully remote tech company. He says hybrid work is the worst of both worlds. Keith Pitt, founder and CEO of tech firm Buildkite, prefers remote work to hybrid setups, saying that's a "scheduling and policy nightmare."
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Why are Chinese nationalists turning on Chinese brands? Even Huawei isn't patriotic enough, apparently
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22.5% of people with a disability have a job. Here's what employers can do support them By supporting workers with disabilities, employers have an opportunity to better support all of their workers. Workers with disabilities made major gains in 2023.
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Mining Rig Producer Canaan's Q1 Unrealized Gains Narrow Net Loss to $39.4 Million In the first quarter of 2024, Canaan Inc. generated $35.1 in revenues versus the $72.4 million in costs incurred in the same period which resulted in the company recording a gross loss of $37.3 million. Nangeng Zhang cla...
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Too Big or Not Enough? China Housing Bailout Treads a Fine Line

Wall Street Journal - 18 May 2024 05:00
Beijing will try to provide enough support to absorb unsold apartments while not sparking a new bubble.
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Sony and Apollo Take Key Step in Bid for Paramount's Assets

The New York Times - 18 May 2024 02:00
Sony and Apollo Take Key Step in Bid for Paramount's Assets The two companies have expressed interest in acquiring the media conglomerate, but are backing away from their $26 billion all-cash offer.
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Apple could release a major redesign of the iPhone next year that's super-slim, report says Reports have emerged of Apple working on a "iPhone 17 Slim" that could launch in September 2025.
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Blackrock Bitcoin ETF Attracts 414 Institutional Holders -- Analyst Says IBIT 'Blows Away Record' Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has amassed 414 insitutional holders in less than three months, according to filings with the U.S. Securities and Exchange Commissi...
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I flew from LA to Paris to see Taylor Swift. I was only in the city for 48 hours but it was worth it and easier than I expected. I flew 11 hours each way from LA to Paris to see Taylor Swift on the Eras Tour. It was worth it and I saw many others who traveled far for the show.
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