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Business News

Location American Business News for 3 June 2024
Satya Nadella's 3-word description of Microsoft's culture should inspire leaders to be learners To build a 'learn-it-all' culture, you need to be a learn-it-all leader. Hello and welcome to Modern CEO! I'm Stephanie Mehta, CEO and chief content officer of Mansueto Ventures. Each week this newsletter explores inclus...
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Car Deals Vanished During the Pandemic. They're Coming Back.

The New York Times - 3 Jun 2024 18:01
Car Deals Vanished During the Pandemic. They're Coming Back. Automakers and dealers are starting to offer discounts, low-interest loans and other incentives to lure buyers as the supply of cars grows.
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Elizabeth Warren: Crypto Prominent in the Global Fentanyl Trade Over the Last Decade Two U.S. Senators, Elizabeth Warren and Bill Cassidy, have asked the Biden adminstration to furnish them with updates on what the U.S. government is doing to curb the use of crypto in fentanyl trafficking. According to W...
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Cinemas brace for fresh lineup post elections

livemint.com - 3 Jun 2024 07:33
Cinemas brace for fresh lineup post elections The number of Bollywood movies released during the summer has come down due to the general elections. This reduction has impacted footfalls in theatres.
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AI-generated X-rated content is officially allowed on Musk's X All adult content must be made and posted consensually, and cannot live in "highly visible places" like profile photos or banners, X said.
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How to inspire your staff without burning them out

Fast Company - 3 Jun 2024 09:00
How to inspire your staff without burning them out 10 leaders share how they helped encourage truly innovative teams that aren't built on overtime and exhaustion. Do you ever look at your team and wonder where the spark has gone? The one that ignited new ideas, bold solu...
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Here's what could slow Nvidia's momentum

Market Watch - 3 Jun 2024 22:39
Here's what could slow Nvidia's momentum Nvidia needs to grow by 70% a year to support its stock price.
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Despite concerns about AI replacing jobs, UC Berkeley computer science applications soar 48%, highlighting sustained interest in software careers.
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OPEC+ oil cuts probably won't move gas prices -- but this wild card could Crude-oil prices make up 55% of the price for a gallon of gasoline. What does the OPEC+ production-cut extension mean for drivers?
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The Insurance Market Is Flirting With Natural Disasters

Wall Street Journal - 3 Jun 2024 13:00
Investors are again becoming attracted to catastrophe risk as what is expected to be a very active hurricane season begins.
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Toyota and Other Japanese Carmakers Say They Mishandled Safety Tests The Japanese authorities had told the companies to conduct investigations into their compliance with national standards for safety and other issues.
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Atos Assessing Two Revised Rescue Bids

Wall Street Journal - 3 Jun 2024 10:53
Atos Assessing Two Revised Rescue Bids Atos received revised bids from the two investor groups vying for control of the debt-laden French I.T. firm and said it will work with creditors to help it decide between the proposals this week.
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Chinese companies now favor greenfield deals over mergers and acquisitions amid geopolitical tensions.
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Paramount, Skydance agree to terms on $8B merger deal: report Skydance will pay $2 billion for Paramount's parent company, National Amusements, which is controlled by majority stakeholder Shari Redstone.
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Stock market today: US stocks rise ahead of big week for economic data "Bad news has been good news for equities over the past two months, but if growth deteriorates too much, bad news can turn into bad news," BofA said.
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Hedge funds should stop charging fees for 'skill-less' returns, top investors say Hedge funds are collecting 'significant' fees on returns that would be 'easily obtainable' for free in the current higher interest rate environment
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MicroStrategy and Michael Saylor settle tax case for $40M In August 2022, Michael Saylor faced allegations of tax evasion. He has since reportedly made the largest income tax fraud settlement in the history of the District of Columbia.
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Why Saudi Aramco Stock Is a Tough Sell on Wall Street

Wall Street Journal - 3 Jun 2024 13:03
The world's biggest oil producer is trying to tempt global investors with a $12 billion share sale, but the price looks expensive.
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'He's an egomaniac': My husband said he'll flush his $1.5 million IRA 'down the toilet' rather than split it with me in our divorce. What can I do? "He has promised to put me through hell."
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Sam Mitchell lives comfortably in a tiny home in upstate New York making less than $30,000 a year from Social Security.
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Getir faces running out of cash amid impasse over rescue funding The founder of Getir, the grocery delivery app which is exiting the UK with the loss of hundreds of jobs, is at odds with investors over a rescue plan to keep the company afloat.
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Self-driving cars and humanoid robots are the "high-volume" robots taking center stage in the next wave of "physical AI" development, Huang said.
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