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Business News

Location American Business News for 5 June 2024
Post Office executive was warned of Horizon 'real risk' - but did not flag concerns A former senior executive at the Post Office was told by auditors the Horizon IT system was "a real risk", four years before sub-postmaster prosecutions stopped.
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What Modi's narrow win means for India's future

Business Insider - 5 Jun 2024 18:24
What Modi's narrow win means for India's future Narendra Modi won his third term as India's prime minister, but his narrow win sent stocks plummeting, and his foreign partnerships could be at stake.
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Mastercard expands palm checkout, 'King's cash' gets slow rollout Mastercard launches palm checkout in Uruguay, the U.K. commits to a gradual rollout of King Charles banknotes starting this week, and more.
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SEC Closing Salt Lake Regional Office After Failed Legal Battle Against Crypto Firm The U.S. Securities and Exchange Commission (SEC) has announced the closure of its Salt Lake Regional Office (SLRO) due to attrition and a focus on organizational efficiency. This move will reduce the number of SEC regio...
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BNB Soars to New Heights: Hits New All-Time High of $708 Binance Coin (BNB) has reached a new all-time high (ATH) of $708 at the time of writing, following a 12% increase in price. BNB is the native cryptocurrency of the Binance platform, one of the largest and most popular cr...
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It finally looks like the US economy is sticking its soft landing A soft landing is here or in sight, depending on who you ask, based on inflation data, jobs data, and other kinds of data.
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It's not just JLo: Why big musical acts can't sell out concerts anymore Concerts are being canceled and postponed as artists from Jennifer Lopez to the Black Keys are having a harder time selling tickets than expected.
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Centrica On Track to Meet Full-Year Targets

Wall Street Journal - 5 Jun 2024 08:43
Centrica On Track to Meet Full-Year Targets British Gas owner Centrica said it expected full-year earnings to meet analysts' expectations but cautioned that second-half results would be hit by lower energy prices.
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New Texas Stock Exchange Takes Aim at New York's Dominance

Wall Street Journal - 5 Jun 2024 02:00
The Texas Stock Exchange has raised about $120 million from investors including BlackRock and Citadel Securities, and plans to take on the NYSE and Nasdaq.
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Intel, Apollo strike $11 billion deal over chip-manufacturing plant in Ireland Apollo will lead an $11 billion investment and acquire a 49% equity stake from Intel in the Fab 34 facility in Leixlip, Ireland.
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Republicans Ted Cruz and Katie Britt are lying when they say their proposal would protect IVF nationwide -- it would still allow states to prosecute families who use the method to have a child
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This chart shows stocks may still be in early stage of bull market, says Yardeni The U.S. stock market's bull run may still be in the early stages when gauging it from the S&P 500 earnings breadth, according to Yardeni Research.
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Eurozone business activity grows as expected ECB interest rate cut looms A 25 percentage point cut to main lending rate is forecast amid growth in Germany, Italy and Spain Business activity grew across the eurozone at the fastest rate in a year in May while inflation cooled, according to data...
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McDonald's loses 'Big Mac' trademark in European Union Europe's top court ruled in favor of Supermac's in revoking McDonald's exclusive rights to use the Big Mac trademark to sell chicken sandwiches
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Hanesbrands' stock jumps after deal to sell Champion for up to $1.5 billion Hanesbrands' stock soared Wednesday, after the underwear and T-shirts seller said it was selling its Champion athletic-apparel business in a deal that could be valued at up to $1.5 billion.
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CD and Savings Rates Today: Earn More From Your Savings

Business Insider - 5 Jun 2024 12:29
If you're considering opening a savings account or CD today and want a competitive rate, Business Insider did the research to help you find the best rate across popular savings accounts and CD terms.
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Bitcoin may hit new high if US employment, inflation slows Bitcoin could hit new highs in a matter of days if it holds strong amid three-year low job openings and possible slowing inflation in the U.S., says crypto researcher Markus Thielen.
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The selloff in the Mexican peso in the wake of the ruling party's overwhelming election victory continued at a slower pace Tuesday, and stocks recovered some of the ground lost in the wake of the vote.
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121 NYC hotels converted to migrant shelters despite concerns of cost squeeze on tourists A staggering 121 New York City hotels accounting for more than 16,000 rooms have been taken off the market and converted into shelters for migrants -- raising concerns that the shrinkage in available rooms is contributin...
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Bain Capital Crypto Raising Second Fund: Filing Bain Capital has been an active investor in crypto since its initial fund launch, participating in a $115 million round for Sam Altman's Worldcoin.
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An ex-Meta employee says he tried to stop Instagram from stifling pro-Palestinian posts and was fired for it A former Meta employee has filed suit against the company for wrongful termination.
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Five Below Cuts Outlook on Lower Consumer Base Spending Levels Five Below cut its outlook for the year, warning that its core low-income shoppers were facing an outsized impact from years of inflationary pressures.
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