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Business News

Location American Business News for 9 August 2024
Delta Airlines laces into CrowdStrike, says it lost $500m in outage The US-based carrier has indicated it will sue both CrowdStrike and Microsoft for the damages
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Take-Two Interactive CEO Strauss Zelnick said during the company's earnings call that he believes UGC won't define the industry.
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With one line of code, users can process requests on Snowflake's Cortex AI in a different region even if an LLM isn't available in theirs.
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Binance Security Team Recovers $73 Million in Stolen Crypto Funds This Year Crypto exchange Binance’s security team has recovered or frozen over $73 million in stolen user funds so far this year, surpassing the $55 million recovered in 2023. This achievement highlights the company’s commitme...
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Bitcoin Breaks Past the $60K Threshold, Jumps 26% in 3 Days On Thursday, bitcoin (BTC) leaped to a high of $62,729, representing a more than 26% jump from its Aug. 5 low of $49,577, recorded just three days earlier. The broader cryptocurrency market, which encompasses over 10,000...
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Former SEC Official Urges 15,000 Morgan Stanley Advisors to 'Say No' to Bitcoin ETFs, Citing 'Mammoth Risk' The U.S. Securities and Exchange Commission's former head of internet enforcement, John Reed Stark, has raised concerns about Morgan Stanley’s 15,000 financial advisors promoting cryptocurrency investments, citing risk...
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MyPillow CEO Mike Lindell must pay the attorney fees of a man who won his "Prove Mike Wrong" competition, a judge ordered.
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Democrats Launch 'Crypto for Harris' -- White House Officials Address Industry Concerns Senior White House officials have reportedly engaged with cryptocurrency leaders to discuss industry concerns, facilitated by Representative Ro Khanna. This initiative continues the Biden-Harris administration’s effort...
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Trump Makes a Demand for Say Over the Fed

The New York Times - 9 Aug 2024 13:51
Trump Makes a Demand for Say Over the Fed The former president made his clearest statement yet that he wants influence over the central bank's rate policy if he wins re-election.
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Bond yields fell early Friday as investors assessed the fallout from a very volatile period in fixed income markets.
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Bitcoin price must flip $62K to avoid worst 'death cross' consequences Bitcoin is still due to close a daily chart "death cross," but $62,000 resistance could be key to mitigating the BTC price downside which has followed in the past.
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Hargreaves Lansdown accepts private equity consortium's £5.4 billion takeover offer The Bristol headquartered investment platform called on shareholders to vote in favor of the deal that would see Hargreaves Lansdown pulled off the London Stock Exchange
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China consumer inflation rises, factory-gate prices continue to fall in July China's consumer inflation rose a touch more than expected in July, a tentatively encouraging sign for policymakers who have been struggling to boost household spending.
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European non-profit Hintco offers to solve Indian green hydrogen industry's billion-dollar buyer-seller conundrum Hintco offered to act as an intermediary to help green hydrogen manufacturers get buyers and arrange funding for their projects
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Taylor Swift's canceled concert: Officials found explosives, detonators, and a stockpile of chemicals in a 19-year-old's home A 19-year-old Austrian teenager with North Macedonian roots planned to kill "as many people as possible" with knives and explosives, officials said.
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Mark Zuckerberg gave props to DeepMind CEO Demis Hassabis for using Meta to get a better deal from Google, which bought the AI lab for $500M+.
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Bitfarms stock rises 22% after Q2 loss came out better than expectations Bitfarms stock had a strong trading session on Aug. 8 amid lower-than-expected losses in its latest quarterly earnings report.
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From swimming world records to countries' first medals, the 2024 Olympics in Paris have been packed with exciting moments.
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Meta CEO Mark Zuckerberg called social media apps on phones an "anti-social form factor," which is why he's pursuing Ray-Bans smart glasses.
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Bitcoin reclaims $62K, forming a 'massive bull hammer' on price chart Bitcoin has crossed the $62,000 mark for the first time since Aug. 3, and futures traders are scrambling to adjust their positions.
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Funko names new CFO as company swings to Q2 profit

Market Watch - 9 Aug 2024 03:19
Funko named Yves Le Pendeven as its chief financial officer.
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Mint Primer | 5G smartphones at ₹8000: The push for digital India The chipset makes up nearly half the cost of making phones, and the absence of a cheap 5G chipset prevented brands from offering 5G smartphones below ₹15,000-17,000.
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