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Business News

Location American Business News for 14 June 2024
Giant loophole may protect Trump-property liquor licenses throughout US, despite his felony hush-money conviction Trump says he does not hold a liquor license anywhere in the US. Keeping his name off the paperwork may insulate him now that he's a felon.
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Wall Street must be accountable for Bitcoin mining emissions -- Greenpeace Greenpeace alleges that Wall Street titans such as BlackRock and Vanguard contribute to the environmental harm coming from Bitcoin mining.
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CEO arrested and accused of running an Adderall drug ring

Business Insider - 14 Jun 2024 18:23
CEO arrested and accused of running an Adderall drug ring The DOJ alleges that telehealth executives made $100 million by prescribing Adderall and other stimulants to patients who didn't need them.
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Mass Adoption Would Ruin Crypto. Keep It a Niche

Coin Desk - 14 Jun 2024 21:04
Mass Adoption Would Ruin Crypto. Keep It a Niche There is an unavoidable tension between the aims of decentralization and onboarding everyday users.
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French banking-sector bonds buckle as Paris awaits snap elections Bonds issued by French banks have been selling off, along with government bonds and stocks, as Paris prepares for snap elections that aim to limit the role of the nation's far-right party in the government.
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Import prices fall sharply in another sign of fading U.S. inflation The cost of imported goods fell in May by the largest amount since the end of last year, adding to recent evidence inflation might be slowing again.
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Goldman Sachs' fossil fuel financing is bad for its shareholders The company's shareholders are ill-served by its large investments in fossil fuel projects that both damage the environment and present major financial risks.
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FAA investigates counterfeit titanium used in some Boeing and Airbus jets Investigation comes after parts supplier found small holes in material - used in manufacturing of jets - from corrosion The US Federal Aviation Administration is investigating falsified documents that were used to verify...
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Bitcoin Traders See Short-Term Bearish Target at $60K as Miners Pare Holdings Persistent testing of the lows sets the bears up for quick success with their next target at $60,000, one trader said.
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Google researchers introduce the Personal Health Large Language Model, a version of Gemini fine-tuned to reason on data from wearables.
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Tyson Foods Suspends C.F.O. John Tyson After Arrest and D.W.I. Charge John Randal Tyson, a fourth-generation member of the Tyson family business, was charged with driving while intoxicated, the company said, two years after he was found asleep in a stranger's house.
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Tesla CEO Elon Musk Warns Against Government Overregulation Tesla CEO Elon Musk has expressed concern that excessive government expansion leads to more regulators than participants, negatively impacting the system. Musk acknowledged the need for regulators but stressed they shoul...
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JLR invests £1m to help police stop car thefts It comes after the company's boss denied reports that the Range Rover was "Britain's most stolen vehicle".
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Stock buyers are keeping S&P 500 momentum strong and volatility low -- for now A low VIX is an overbought condition, but it is not a sell signal.
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Big Tech gains are 'incredibly' rewarding -- but its dominance has some ETF investors on edge The S&P 500 just hit yet another record high but it's awfully top-heavy, worrying some investors who are looking for ways to diversify their portfolios.
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US Treasury Expands Sanctions to Cripple Russian War Economy The U.S. Treasury Department announced Wednesday that over 300 new sanctions have been issued to intensify pressure on Russia for its ongoing war against Ukraine. These measures, in alignment with G7 commitments, target ...
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8 ways to give your grandkids money without sacrificing your retirement savings To give your grandkids money without clearing out your 401(k), considering saving for their education, or making them your life insurance beneficiary.
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Mining execs establish organization to influence US crypto voters A board member of the Bitcoin Voter Project described the group as nonpartisan and planned to take a different approach than initiatives like Stand With Crypto.
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Mark Zuckerberg is planning a massive 7-building compound in Lake Tahoe: report Mark Zuckerberg spent $59 million on two neighboring properties on Lake Tahoe. Now demolition has started to make way for his own extensive compound.
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Here are some of the major companies whose stocks moved on the week's news.
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Keith Gill Boosts Gamestop Stake, Becomes Fourth Largest Shareholder Keith Gill, also known by his alias ‘Roaring Kitty,’ has significantly increased his investment in Gamestop, now holding nine million shares, which positions him as the fourth largest shareholder. His portfolio value...
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South Africa Re-Elects Cyril Ramaphosa of the ANC as President South African president Cyril Ramaphosa of the African National Congress (ANC) party was re-elected on Friday, and will lead the country's first multi-party coalition government.
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