Business News
Banks pass Fed stress test, but see bigger losses than last year
American Banker - 26 Jun 2024 22:45
The Federal Reserve attributes the uptick in simulated losses in this year's stress test examination to heightened risks on bank balance sheets and higher expense levels. Credit cards and corporate lending were top areas...
India's Digital Rupee Usage Drops Drastically After Initial Surge
Bitcoin.com - 26 Jun 2024 04:35
India's central bank digital currency (CBDC), the digital rupee, has experienced a significant decline in usage, decreasing to a tenth of its peak in December 2023, according to sources involved in the pilot project. The...
Investors snap up FedEx bonds after strong earnings, strategic review of freight business
Market Watch - 26 Jun 2024 16:56Jeff Bezos' Blue Origin is annoyed with SpaceX's big rocket launches
Business Insider - 26 Jun 2024 01:54Lineage files IPO to become largest temperature-controlled-warehouse REIT in the world
Market Watch - 26 Jun 2024 19:55Nvidia will hit a $6 trillion valuation by the end of the year as investors start to realize how cheap the stock is, hedge fund manager says
Business Insider - 26 Jun 2024 18:51El Salvador's national Bitcoin chief has been orange-pilling Argentina
Coin Telegraph - 26 Jun 2024 16:18
The head of El Salvador's new crypto commission started his Bitcoin journey in 2013 and continues it today.
Time Dropped Its Paywall One Year Ago. Here's What's Happened Since
AdWeek - 26 Jun 2024 16:14
The legacy publisher Time dropped its paywall last June, making it one of only a handful of news organizations--alongside Quartz and TechCrunch--to raise and later remove a paywall. Since then, Time has seen advertising ...
Whirlpool's stock rallies as report emerges that Bosch may try to buy the appliance giant
Market Watch - 26 Jun 2024 14:55Nvidia's stock is set to gain, with rivals seen to be in perpetual catch-up mode
Market Watch - 26 Jun 2024 14:01America's crisis of meaningless work
Business Insider - 26 Jun 2024 11:32
It's not the pay or the perks causing American workers to disengage. It's the lack of purpose.
RocketLane scores $24M to build an AI layer for service delivery
Venture Beat - 26 Jun 2024 02:36
RocketLane will use AI to identify risks in projects and alert leadership about deviations from planned playbooks.
Nubank brings Bitcoin Lightning to its 100M Latin American customers
Coin Telegraph - 26 Jun 2024 02:23
Lightspark will also integrate the Universal Money Address standard for Nubank, which gives an email-like address for users to send and receive money.
Peter Schiff Predicts Further Bitcoin Plunge Ahead of Mt Gox Payouts -- Declares BTC in Official Bear Market
Bitcoin.com - 26 Jun 2024 01:16
Economist and gold advocate Peter Schiff has highlighted bitcoin’s recent decline, declaring the cryptocurrency “back in official bear market territory.” He predicts further bitcoin price decline before Mt. Gox cre...
FedEx shares jump after hours as massive cost-cutting measures kick in
CNBC - 26 Jun 2024 00:54
FedEx shares jumped 15% after hours as the company begins to bear the fruits of its $4 billion cost-cutting plan.
BlackBerry posts smaller loss than expected as it marches toward profitability
Market Watch - 26 Jun 2024 23:49Ryan Cohen Made $60 Million Selling Bed Bath & Beyond Stock. Some Board Members Worried Secrets Were Passed to Him.
Wall Street Journal - 26 Jun 2024 23:40Altria Submits Application for On! Plus Nicotine Pouches to FDA
Wall Street Journal - 26 Jun 2024 23:36Creatio raises $200 million to further develop no-code and AI enterprise CRM solutions
Venture Beat - 26 Jun 2024 23:31
Generative AI may be dominating the headlines, but Boston-based Creatio is making news of its own on the strength of its “no code” customer relationship management (CRM) platform and app-building tools. Today, the 10...
Will Bitcoin bulls or bears benefit from this week's $9.25B BTC options expiry?
Coin Telegraph - 26 Jun 2024 23:30
The Bitcoin halving hype has long passed, and this month's massive options expiry provides insight into the future of the current BTC bull market.
Micron's stock falls after earnings as revenue forecast fails to pack big upside
Market Watch - 26 Jun 2024 23:27LockBit stole a bank's data, but it wasn't the Fed's
American Banker - 26 Jun 2024 23:23
Evolve Bank & Trust acknowledged the ransomware group published customer data from the bank, but the number of affected people remains unclear.