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Business News

Location American Business News for 18 June 2024

Fisker Files for Bankruptcy as EV Start-Up's Cash Runs Short

The New York Times - 18 Jun 2024 17:23
Fisker Files for Bankruptcy as EV Start-Up's Cash Runs Short The company became the latest electric vehicle start-up to fail to meet investors' expectations after a high-profile public debut.
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California has fined Amazon nearly $6 million for violating a law meant to protect warehouse workers from misuse of production quotas, state officials announced Tuesday.
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Yet more EE excuses over payout when our internet went down After a week-long delay to fix the problem, it only offered only £18.66 in compensation Two months ago, our internet went down. EE arranged an engineer appointment with its partner firm Qube within 48 hours, but the vis...
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Tesla says its shareholders overwhelmingly 'ratified' Elon Musk's absurd 2018 compensation package, but the truth is much different.
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7 of the most faked seafoods in the world

Business Insider - 18 Jun 2024 22:45
7 of the most faked seafoods in the world Seafood fraud is rampant globally. Your red snapper could be tilapia. That wild-caught salmon? Farm-raised. And criminal rings could be to blame.
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The Power of Storytelling in Women's Sports With State Farm State Farm's long history of championing women's sports goes beyond just advertising. In this episode of Yeah That's Probably an Ad, ADWEEK chief experience officer Jenny Rooney sits down with our 2024 Champion of Change...
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Subscription Platform Zuora Acquires AI Firm to Eliminate A/B Testing for Paywalls Subscription technology platform Zuora has acquired artificial intelligence firm Sub(x), the company announced today. According to CEO Tien Tzuo, this tie-up will enable Zuora to use AI to enhance its paywall offering. T...
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Bitcoin Miners Face 8.4% Profit Decline Amid Falling Hashprice and Market Pressures In the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600 exahash per second (EH/s) mark. Price D...
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XRP, LINK, ETH Stand Out Relative to BTC in Sector Rotation Analysis, DOGE Struggles Fairlead's 12-week relative rotation graph shows signs of green shoots in XRP, LINK, ETH.
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Freeaim raises $316K for VR Shoes coming in 2025

Venture Beat - 18 Jun 2024 15:30
Freeaim has raised $316,700 in funding to launch its VR Shoes, or shoes that you can wear in virtual reality games and applications.
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IRS to close 'major' tax loophole

New York Post - 18 Jun 2024 20:18
IRS to close 'major' tax loophole The plan targets so-called "partnership basis shifting," a transaction that allows a business or person to operate through many different legal entities in order to take more deductions and minimize what they owe, accord...
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Metroid Prime 4: Beyond releases in 2025

Venture Beat - 18 Jun 2024 16:48
After years of waiting, we finally saw game play of Metroid Prime 4, now subtitled Beyond, during today's Nintendo Direct.
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RWA Tokenization Expands to Life Insurance with Infineo Minting $9M of Policies on Provenance Blockchain This was the first example of transferring tokenized versions of life insurance policies, the company said.
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Amazon hit with $5.9 million fine as California says it failed to disclose quotas to workers Amazon has been fined $5.9 million by a California labor agency accusing the online retailer of failing to sufficiently disclose productivity quotas to employees at two warehouses in the state, in violation of a law inte...
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The Kansas City Chiefs want millions in tax incentives so the team can switch states Kansas City Chiefs and Royals want to move from Missouri to Kansas as lawmakers vote on a tax incentive bill that would fund brand-new stadiums.
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Bitcoin Hashrate May Finally Slow as Miners Face Scorching Summer Heatwaves Hashrate for Bitcoin network typically becomes flat or declines during North American summer time, industry experts say.
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Why are the feds going after Adobe?

Venture Beat - 18 Jun 2024 17:36
The FTC's investigation uncovered that Adobe's cancellation process is designed to be cumbersome and a deterrent.
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Manhattan Beach EV car maker Fisker filed for bankruptcy protection after heavy losses and failing to find a large automaker partner.
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How one water-management company is using AI to unlock insights from its 100-year past Ecolab's AI acceleration lab integrates generative AI with historical data to optimize water use, providing faster recommendations.
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The Legend of Zelda: Echoes of Wisdom announced

Venture Beat - 18 Jun 2024 16:43
Nintendo announced a new top-down Legend of Zelda game starring the Princess herself, called Echoes of Wisdom.
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Funko Fusion hits Switch on September 13

Venture Beat - 18 Jun 2024 16:29
Funko Fusion is coming to the Nintendo Switch on September 13, 2024.
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Mario & Luigi is back with Brothership

Venture Beat - 18 Jun 2024 16:07
Nintendo started its newest Direct by announcing Mario & Luigi is back with Brothership, launching on November 7 for Switch.
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