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Business News

Location American Business News for 26 June 2024
Banks pass Fed stress test, but see bigger losses than last year 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...
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India's Digital Rupee Usage Drops Drastically After Initial Surge 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...
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Investors snap up FedEx bonds after strong earnings, strategic review of freight business FedEx Corp.'s outstanding bonds saw net buying out of the gate on Wednesday, in a positive response to the company's better-than-expected fiscal fourth-quarter earnings and news of a strategic review of its freight busin...
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Jeff Bezos' Blue Origin is annoyed with SpaceX's big rocket launches Jeff Bezos' rocket company, Blue Origin, filed concerns to the FAA about SpaceX's Starship rocket launches.
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Lineage files IPO to become largest temperature-controlled-warehouse REIT in the world Lineage Inc. on Wednesday filed for an initial public offering as the largest temperature-controlled warehouse real-estate investment trust in the world.
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Nvidia 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 "Even though the stock has done so well, it is still relatively cheap compared to where it was trading in the past," Eric Jackson said.
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El Salvador's national Bitcoin chief has been orange-pilling Argentina The head of El Salvador's new crypto commission started his Bitcoin journey in 2013 and continues it today.
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Time Dropped Its Paywall One Year Ago. Here's What's Happened Since 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 ...
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Whirlpool's stock rallies as report emerges that Bosch may try to buy the appliance giant With a market cap of about $5 billion, Whirlpool would represent a major deal for Bosch.
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Nvidia's stock is set to gain, with rivals seen to be in perpetual catch-up mode The Nvidia stock rally has reignited, with the stock heading to a consecutive day of gains after a recent slide into correction territory.
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America'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.
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RocketLane will use AI to identify risks in projects and alert leadership about deviations from planned playbooks.
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Nubank brings Bitcoin Lightning to its 100M Latin American customers Lightspark will also integrate the Universal Money Address standard for Nubank, which gives an email-like address for users to send and receive money.
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Peter Schiff Predicts Further Bitcoin Plunge Ahead of Mt Gox Payouts -- Declares BTC in Official Bear Market 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...
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FedEx shares jumped 15% after hours as the company begins to bear the fruits of its $4 billion cost-cutting plan.
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BlackBerry posts smaller loss than expected as it marches toward profitability BlackBerry's stock was rising after results for the latest quarter topped expectations.
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Ryan Cohen Made $60 Million Selling Bed Bath & Beyond Stock. Some Board Members Worried Secrets Were Passed to Him. Cohen has fought a lawsuit over his trading, saying it was all above board.
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Altria Submits Application for On! Plus Nicotine Pouches to FDA

Wall Street Journal - 26 Jun 2024 23:36
Altria Submits Application for On! Plus Nicotine Pouches to FDA Altria Group said its wholly owned subsidiary Helix Innovations submitted the application for three on! Plus varieties, tobacco, mint and wintergreen.
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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...
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Will Bitcoin bulls or bears benefit from this week's $9.25B BTC options expiry? 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.
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Micron's stock falls after earnings as revenue forecast fails to pack big upside Investors may have wanted to see more upside given the recent move higher in Micron shares.
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LockBit stole a bank's data, but it wasn't the Fed's

American Banker - 26 Jun 2024 23:23
LockBit stole a bank's data, but it wasn't the Fed's Evolve Bank & Trust acknowledged the ransomware group published customer data from the bank, but the number of affected people remains unclear.
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