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Business News

Location American Business News for 27 June 2024
Not lovin' it: McDonald's McPlant burger failed, customers shunned non-meat option McDonald's declared that its experiment with plant-based burgers was a disaster.
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Summer Obsessions

The New Yorker - 27 Jun 2024 12:00
The season often gives our relationships with art room to flourish. What do we make of those associations years down the line?
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Brett Price Surging as Base Dawgz Shows Potential for Similar Gains The Base blockchain is buzzing with interest in meme coins again. Brett (BRETT) has been making headlines after its price shot up for two days straight. While investors digest this surprise rally, a new project, Base Daw...
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Google says Mistral's Small, Large and Codestral models will come to Vertex AI this summer, shoring up the platform's enterprise appeal after adding Anthropic's Claude 3.5 Sonnet.
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Supreme Court rejects SEC's in-house courts--a critical enforcement tool in fraud cases The in-house proceedings the SEC has used in some civil fraud complaints violate the Constitution, the court said. The Supreme Court on Thursday stripped the Securities and Exchange Commission (SEC) of a major tool in fi...
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Treasury-market liquidity is back in focus -- but don't panic yet Questions are being raised again inside the $27 trillion Treasury market, home of one of the world's safest and most liquid assets, about the ease with which some U.S. government securities can be bought and sold without...
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Job openings fall by a fifth in boost for hopes of rate cuts Job openings have plunged by a fifth over the past year, signalling a rapidly cooling labour market that will boost hopes of interest rate cuts.
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Elmnts Emerges From Stealth With Plans to Launch Commodity Tokenization Platform Elmnts, a new blockchain-based venture, has announced the forthcoming launch of its beta platform focused on tokenizing real-world assets (RWA), starting with oil and gas mineral rights and royalties. As part of a broade...
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If Arizona Iced Tea's price kept pace with inflation, it would cost 124% more than it does today The flagship tea drink costs the same in 2024 as it did in 1992
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Citigroup urges staffers to 'keep cool' as anti-Israel protesters surround NYC headquarters Video obtained by the Post shows pro-Palestinian protesters waving signs and chanting slogans including "From the river to the sea, Palestine will be free" and "From the sea to the river, Palestine will live forever."
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Ripple CEO Blasts SEC Chair's Crypto Remarks -- Says 'Gensler Will Cause Biden to Lose the Election' Ripple CEO Brad Garlinghouse has criticized SEC Chair Gary Gensler’s recent statements on the crypto industry, calling them “absolute nonsense.” The executive argued that Gensler’s actions and oversight failures ...
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Florida fisherman pleads guilty to evading over $400,000 in taxes on income earned in Massachusetts, facing up to five years in prison.
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Kering shares jump on double upgrade of Gucci owner by Bank of America Bank of America said Gucci-owner Kering may see the 'green shoots' of a recovery as early as the second half of this year
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LVMH boss Bernard Arnault raised his job's retirement age to 80. Warren Buffett told him that age limit was too low. Warren Buffett, 93, reportedly wrote to Arnault, 75, after long arguing that great bosses only get better like fine wines.
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Stock market today: US edge higher amid mixed earnings and ahead of PCE inflation data Stocks edged higher on Thursday ahead of new inflation data in the form of May PCE. Weekly jobless claims came in lower than expected.
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This pioneering JPMorgan portfolio manager says it's a lot easier these days to find market losers A long-time JPMorgan fund manager finds it's easy to find short opportunities.
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These are today's mortgage and refinance rates. Mortgage rates are hovering in the mid-6% range, and they may not drop substantially until 2025 or 2026.
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Home Loans: How to buy your first home despite high interest rates? Buying your first home can be both exhilarating and challenging, particularly in the face of elevated interest rates.
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Private car parks to have 10-minute 'grace period' But new code of practice is criticised for failing to protect drivers from "sharks" in the industry.
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Building a new factory? Budget may extend concessional tax rate for a year The concessional 15% corporate tax rate ran from FY20 till FY23, and was extended till the end of FY24. The number of new manufacturing companies getting registered has risen during this period.
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The meatless burger dubbed the McPlant "was not successful" in the Bay Area, McDonald's USA President Joe Erlinger revealed during the Wall Street Journal's Global Food Forum.
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CEO in Major Health-Advertising Fraud Gets 7.5-Year Prison Sentence Judge says former Outcome Health CEO Rishi Shah, who prosecutors say drove a billion-dollar fraud scheme, hurt confidence in the market.
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