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Business News

Location American Business News for 31 May 2024

What's a Fancy Name for Shrinkflation?

The New York Times - 31 May 2024 11:02
What's a Fancy Name for Shrinkflation? A term corporate leaders have lately used as a euphemism for shrinkflation.
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Vermont becomes the first state to make oil companies pay for climate change damage It's a polluter-pays model affecting companies engaged in the trade or business of extracting fossil fuel or refining crude oil attributable to more than one billion metric tons of greenhouse gas emissions during the tim...
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Mark Zuckerberg gets dropped from a lawsuit blaming Meta for child exploitation Meta also motioned the court to get the New Mexico lawsuit dismissed but wasn't successful. A New Mexico judge on Thursday granted Mark Zuckerberg’s request to be dropped from a lawsuit that alleges his company has fai...
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Nvidia is almost bigger than Apple--the world's second-most valuable company The reliance of virtually all artificial intelligence applications such as OpenAI's ChatGPT on Nvidia's high-end chips has helped the stock nearly triple in value over the past year to $2.68 trillion. Nvidia could soon s...
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OpenAI board members brush off warning from ex-directors and defend Sam Altman as 'highly forthcoming' OpenAI board members Bret Taylor and Larry Summers responded to recent criticism from ex-board directors Helen Toner and Tasha McCauley.
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The state of self-checkout at major retail stores

American Banker - 31 May 2024 16:09
The state of self-checkout at major retail stores Retailers like Walmart, Target and Dollar General are changing the ways they collect payments in person. This, in turn, could influence payment habits, but it is unlikely to slow the overall momentum of digital transacti...
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Dollar General Beefs Up Retail Media Offering with Criteo Integration Dollar General has teamed up with Criteo to enhance its retail media offerings with onsite sponsored ads as well as plans to add additional ad formats later in the year. While the majority of Dollar General purchases hap...
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VF Corp.'s stock rises after ex-Lululemon chief product officer joins Vans as global brand president VF Corp.'s stock rises after ex-Lululemon chief product officer Sun Choe joins Vans as global brand president.
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Ripple Report: Crypto and CBDCs Transforming Global Payments Ripple’s recently published 2023 Trends in Regional Payments ebook highlights the transformative role of cryptocurrencies and Central Bank Digital Currencies (CBDCs) in the global payments landscape. Latin America is w...
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Robinhood Introduces Crypto Trading API

Bitcoin.com - 31 May 2024 10:16
Robinhood Introduces Crypto Trading API Robinhood, the popular investment and trading platform, has announced a significant upgrade for its crypto customers in the United States. Users can now leverage Robinhood's newly introduced Crypto Trading API to view re...
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SEC Commissioner Proposes Joint US-UK Digital Securities Sandbox U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has proposed a joint US-UK digital securities sandbox. She noted that the U.S. and UK are ideally positioned for this initiative, emphasizing that ...
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Mt Gox not dumping Bitcoin just yet, Hong Kong boots out crypto exchanges: Asia Express Bitcoin markets are safe from a Mt Gox dump for now, Hong Kong to boot out unlicensed exchanges, Binance sells Gopax claims at rock bottom.
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Truckers sue NY over controversial $15 congestion toll to enter Manhattan Truckers have joined the conga line of opponents who've filed lawsuits to block the controversial first-in-nation congestion toll to enter Manhattan's business district south of 60th Street.
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Economist Peter Schiff Advises Against Buying US Dollars -- Warns of USD Breakdown Economist Peter Schiff cautions against buying U.S. dollars or selling gold, citing rising Treasury yields as a result of the government’s failure to control the national debt and inflation. He notes the widening trade...
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Price analysis 5/31: BTC, ETH, BNB, SOL, XRP, DOGE, TON, SHIB, ADA, AVAX Bitcoin and Ether may spend more time inside a range before starting a trending move.
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Japanese Crypto Exchange DMM Bitcoin Suffers $305M Hack Measures have been taken to prevent further unauthorized outflows, the exchange said.
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Why are so many young adults getting financial help from their parents? It's the economy, stupid. "Early-career recessions can have permanent effects," one economist told MarketWatch.
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Tether Buys $100M Worth of Bitdeer Shares With Option to Purchase $50M More Bitdeer intends to use the proceeds to fund its data center expansion and ASIC-based mining rig development, the Singapore-based company said.
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UBS says takeover of Credit Suisse is now complete

Market Watch - 31 May 2024 13:46
UBS says takeover of Credit Suisse is now complete The historic takeover of Credit Suisse is now complete, its arch rival UBS said Friday.
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Trump looked 'very demolished' by verdict, says court sketch artist who captured the moment Trump began shaking his head 'no' the 5th time he heard 'guilty,' said veteran courtroom sketch artist Christine Cornell.
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Eric and Donald Jr. Trump immediately denounced their father's conviction in the hush money trial on social media.
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How 1,500 new Bitcoin millionaires per day deal with getting rich Around 1,500 Bitcoin wallets top the million-dollar mark each day. How does your lifestyle and mindset change when you become a newly minted crypto millionaire?
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