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Business News

Location American Business News for 8 August 2024
Arthur Hayes Predicts Your Crypto Will Rise With Trump or Harris -- Bitcoin to Go 'Very, Very High' Bitmex cofounder and former CEO Arthur Hayes has predicted cryptocurrency prices will rise under both the Donald Trump and Kamala Harris administrations due to increased money printing. He added that bitcoin’s price co...
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Take-Two Interactive Software reported that its bookings in the June quarter were $1.22 billion, or flat compared to $1.20 billion a year ago.
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Samsung recalls over 1 million electric ranges for stovetops after fires and injuries To date, Samsung has received more than 300 reports of the knobs activating unintentionally since 2013, the CPSC noted, and the now-recalled ranges have been involved in about 250 fires. Samsung is recalling more than 1....
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Xbox and PlayStation players can explore Black Desert Console's new region, Mountain of Eternal Winter, starting today.
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Nasdaq to Tighten Listing Rules for Penny Stocks

Wall Street Journal - 8 Aug 2024 15:00
The exchange has come under pressure for allowing risky companies to remain listed through reverse stock splits.
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Chicago-based cannabis giant Cresco Labs loss widens on $61 million charge for taxes Revenue remains about flat at $184 million
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Under Armour stock climbs on Q1 top and bottom-line beat, raised outlook Under Armour Inc.'s stock rose 7.7% premarket Thursday after the athletic-apparel maker beat Wall Street's top and bottom-line expectations in its first-quarter results and raised its earnings outlook.
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Canadian coffee chain Tim Hortons was the restaurant company's strongest performer during the quarter.
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JPMorgan's Jamie Dimon thinks people overreact too much about market fluctuations JPMorgan's Jamie Dimon told CNBC that "markets fluctuate" in response to the recent stock meltdown.
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Robinhood earnings top expectations, following revival of meme stocks and crypto Robinhood Markets Inc. reported second-quarter results Wednesday that beat expectations, helped by a jump in crypto and stock trading.
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Monster Beverages' stock is sinking. Executives are blaming convenience stores. Shares of Monster Beverage Corp. sank after hours on Wednesday, after the energy-drink maker reported second-quarter profit and sales that missed expectations, following what management said was a consumer shift away fro...
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Warner Bros. Discovery writes down value of TV assets by $9B: 'Final nail in the coffin' An impairment charge, stemming from a reassessment of the assets' value since the merger of WarnerMedia and Discovery, contributed to a $10 billion net loss for the quarter.
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Former Google DeepMind AI researchers Misha Laskin and Ioannis Antonoglou founded Reflection AI.
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Intel's stock is down 38% in a week -- and it just got downgraded again Big selloffs sometimes prompt upgrades by analysts urging investors to buy the dip -- but in Intel's case, another bull just jumped ship.
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They outperform all others in the world -- including the vaunted OpenAI GPT-4o, Anthropic Claude 3.5 Sonnet, and even Google.
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Paramount Global to cut 15% of its US workforce before Skydance merger Company behind Paramount Pictures, Nickelodeon and CBS writes down value of its cable networks by nearly $6bn The entertainment conglomerate behind Paramount Pictures is to cut about 2,000 jobs in a bid to reduce costs a...
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Shares of Palantir Technologies jumped after the company said it has partnered with Microsoft to sell artificial-intelligence-based data-analytics products to U.S. government agencies.
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Delta Air says it'll take $380 million 'direct' revenue hit from CrowdStrike outage Delta Air Lines Inc. late Thursday detailed the half-billion-dollar price tag it has put on flight cancellations and other problems caused by last month's CrowdStrike Holdings Inc. software outage.
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How short-lived advanced grenade launchers tried — and failed — to field a high-tech version of the conventional rifle attachment Experimental launchers used smaller grenades that were propelled like traditional bullets, but the programs never made it beyond the prototype stage.
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Following Court Ruling, XRP Price Skyrockets as South Korea Leads the Charge On Aug. 8, following the imposition of a $125 million civil penalty on Ripple Labs by a district judge, the firm’s executives and community celebrated the outcome as a “victory.” This led to an uptick in XRP’s tr...
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Green Dot's earnings and revenue beat analysts' estimates The prepaid card company reported strong results following a government settlement over alleged unfair business practices.
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'House of the Dragon' star Tom Glynn-Carney says that Aegon will be fueled by revenge in season 3 after hitting 'pure rock bottom' "House of the Dragon" star Tom Glynn-Carney says that Aegon Targaryen is focused on survival in the season two finale, though he's hit "rock bottom."
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