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Business News

Location American Business News for 6 June 2024
Real estate investment trusts, or REITs, can be a way to tap into the real estate market as an investor. However, it can carry some risks.
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Mike Lynch, U.K. Tech Mogul, Is Acquitted of Fraud

The New York Times - 6 Jun 2024 23:42
Mike Lynch, U.K. Tech Mogul, Is Acquitted of Fraud Mr. Lynch, who was accused of defrauding Hewlett-Packard after it paid $11 billion for his software company, spent a decade working to clear his name.
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Sky Mavis announced a new early access program called Ronin Forge, which supports new Web3 developers bringing their games to Ronin.
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Southwest Airlines hiking fees for early check-ins, upgraded boarding as high as $149 if you want a better seat The price hikes come just weeks after Southwest Airlines CEO Bob Jordan said that the carrier is considering changing the boarding and seating processes on its planes in order to improve its financial position.
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David Calhoun is expected to face questions about Boeing's safety culture and quality
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EBay to drop American Express, blasts 'unacceptably high fees' It's not the first time merchants have voiced opposition to AmEx's business practices by walking away, most notably the warehouse chain Costco nearly a decade ago.
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Older workers are sticking around -- what does that mean for their younger colleagues? The labor force is in a good place right now, but what happens when it's not?
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Trade deficit jumps to 18-month high, but rise in imports is 'good news' for economy The trade deficit surged by almost 9% in April to a one-and-a half year high because of an increase in imports, a sign that a steadily growing U.S. economy still has plenty of demand.
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'AI now has to play out elsewhere,' for Nvidia's valuation to make sense, ARK's Cathie Wood says ARK Invest's chief executive and CIO, Cathie Wood, said the onus is now on AI to develop beyond Nvidia and offers her picks on where the next big plays will be.
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"The bar for being short equities right now is very high given these upcoming flow and random market dynamics," Goldman Sachs' Scott Rubner said.
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Stocks wobbled on Thursday ahead of the key nonfarm payroll report for May due out on Friday. Nvidia added to gains from Wednesday's session.
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Fed policy hasn't cooled the labor market and a 'serious consumer recession' could strike if services jobs tumble, real estate billionaire Barry Sternlicht says The economy could tumble into a recession if the Fed sparks layoffs in this key sector, Barry Sternlicht warned.
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39% of Family Offices Investing or Exploring Cryptocurrencies: BNY Mellon The 2024 BNY Mellon Wealth Management Study reveals a divided perspective among family offices regarding cryptocurrency investments. Approximately 39% of the surveyed family offices are either actively investing in crypt...
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Ripple President Says SEC on 'Warpath' With Crypto Industry The president of Ripple Labs has criticized the U.S. Securities and Exchange Commission (SEC)’s approach to regulating the crypto sector, emphasizing that the regulator is on a “warpath” with the industry. She high...
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Leopold Aschenbrenner said he "ruffled some feathers" at OpenAI by flagging security and safety concerns.
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Elon Musk's AI company may be building a supercomputer, the Gigafactory of Compute, in Memphis, Tennessee.
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GameStop-Inspired Solana Memecoin Soars Over 80% as Roaring Kitty Flashes $586M Worth of GME Position Shares of GameStop closed the Thursday session 47% higher as the retail trading fame provided an update of his position and announced a livestream for Friday.
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Jake Gyllenhaal, who's starring in the new Apple TV show "Presumed Innocent," was born with a lazy eye and is still considered legally blind.
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Will the UK and US cut interest rates like Europe? The move marks the beginning of a new phase for the global fight against inflation.
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Report: Kraken Considers IPO Amid Renewed Investor Interest Kraken, one of the oldest cryptocurrency exchanges, is considering a final funding round ahead of a possible initial public offering (IPO) as soon as next year, according to Bloomberg. This move follows renewed interest ...
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Teenage Sam Altman was a renaissance man, his high school English teacher told Bloomberg, saying he'd hoped the now-OpenAI CEO wouldn't go into tech.
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Mexico's unbanked population 'now big enough to count' for fintech companies An underbanked and heavily cash-based economy offers fertile ground for a trio of fintech-oriented companies offering mobile financial services in Mexico.
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