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Business News

Location American Business News for 3 August 2024
The Fed's long-awaited rate cuts will open up the job market — but it could take a while The spiking unemployment rate will rise further before improving, but rate cuts will work eventually, experts say.
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Iran Backs Russia on BRICS Single Currency Initiative Iran plans to support Russia's initiatives on creating a BRICS single currency and expanding national currency payments within the bloc, according to Iran's Ambassador to Moscow, Kazem Jalali. The BRICS nations (Brazil, ...
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Intel's worst stock drop in decades may have been steeper if not for this factor The U.S. government 'cannot afford' to let Intel struggle over the long term, one analyst says.
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Why AMD's stock is rising in the face of chip-sector weakness Intel is expected to keep bleeding market share at AMD's expense.
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Natural-gas prices have dropped during the hottest summer ever, thanks to Europe Air conditioners are running at full tilt in many parts of the U.S. during what's expected to be the hottest summer on record, but the price of the natural gas used to help power them has dropped to its lowest level in t...
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Investors dump Intel's bonds as spreads blow out after restructuring news Spreads on some of Intel's longer-dated bonds were as much as 20 basis points wider on Friday.
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Airbnb Host Imposes No Mining Rule After Guests Rent Her Property to Mine Crypto An Airbnb host, Ashley, shared her experience on Tiktok about guests who accumulated a $1,500 electricity bill by setting up an electric vehicle station and mining cryptocurrency during their three-week stay. Despite lea...
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Costco customers return 5-year-old mattress to wholesaler: 'Desperate times' A couple recently tested the limits of Costco's return policy by bringing back their five-year-old mattress that they claimed was "uncomfortable."
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Donald Trump is willing to debate Kamala Harris — but only on Fox News Former President Donald Trump said he is willing to debate Vice President Kamala Harris on Fox News in September.
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Elon Musk says Neuralink could help humans compete with AI: 'Let's give people superpowers' Elon Musk says Neuralink, his venture into brain microchips, could allow humans to integrate with machines, ensuring the safety of AI in the future.
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Whether the Fed cuts rates or not, inflation is going higher -- and so are stocks The U.S. economy and the stock market can thrive even if inflation doesn't fall to 2%.
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I'm 53, divorced and have $2 million, but I have to buy my brother out of the family home. Can I still take early retirement? "I will need about $80,000 to $90,000 a year to live on to be very comfortable."
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'We are already the honey pot': scam victims say powerful banking lobby is blocking compensation Banks and government say mandatory reimbursements will only attract scammers. But critics argue that system works well in the UK Get our morning and afternoon news emails, free app or daily news podcast When the assistan...
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JPMorgan Expects Silver Prices to Soar in 2025

Bitcoin.com - 3 Aug 2024 21:50
JPMorgan Expects Silver Prices to Soar in 2025 JPMorgan, one of the largest investment banks, has predicted that silver prices will soar in 2025, led by different factors including an increase in demand from the expected monetary shifts and silver’s value as an inf...
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Are we prepared for 'Act 2' of gen AI?

Venture Beat - 3 Aug 2024 21:15
To be sure, the path from gen AI Act 1 to Act 2 will not be a straight one. It will require effort we've never seen before.
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Meet the 6 contestants making history at Miss USA and Miss Teen USA 2024 Among this year's Miss USA contestants are a mother of three and a 41-year-old who competed five times before making it to the national pageant.
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German quantum breakthrough highlights need for particle physicists in crypto German quantum breakthrough highlights need for particle physicists in crypto
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From Bungie's adding their numbers to the layoff counter to Game Informer shutting down so abruptly, it's been a bleak week for Rachel Kaser.
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Circana's latest report shows that Elden Ring is once again a bestseller thanks to the June release of Shadow of the Erdtree.
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Economic 'Black Swan' recession on the horizon amid upcoming presidential election Could an economic "Black Swan" of a recession upend the November election?
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Video footage emerged on Saturday morning appearing to show police escorting the pilot off of the plane and into a police vehicle.
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US Senators Flooded With 2,200 Letters Advocating Bitcoin as Strategic Reserve U.S. senators received over 2,200 letters within 48 hours advocating for Senator Cynthia Lummis’ bill to make bitcoin a strategic reserve. The bill proposes the U.S. government acquire a significant bitcoin reserve to ...
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