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Business News

Location American Business News for 13 August 2024
Akeana, which has raised over $100 million in funding in the past three years to design RISC-V processors, is unveiling products.
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SEC Charges Novatech in $650 Million Crypto Fraud Scheme The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto asset ...
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A Michigan bank's next big move may push it closer to Detroit Though it hasn't set a timeline, Oxford Bank, based north of the Motor City, is weighing a southward expansion that would add all the Detroit metropolitan area to its footprint.
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Starbucks names Chipotle chief Brian Niccol as new CEO in surprise shakeup Niccol replaces Laxman Narasimhan as company tries to fend off pressures from activist investor Starbucks named the Chipotle Mexican Grill head, Brian Niccol, as its new CEO on Tuesday in a surprise management shakeup as...
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Mt. Gox's suspected Bitgo $2.1B BTC wallet activates

Coin Telegraph - 13 Aug 2024 14:50
Mt. Gox's suspected Bitgo $2.1B BTC wallet activates A test transaction from a dormant Mt. Gox wallet triggers speculation of Bitgo's role in the ongoing Bitcoin distribution to creditors.
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Oil prices edge lower after Monday surge as investors weigh demand outlook Oil futures were flat to slightly lower early Tuesday, consolidating after a five-day winning streak tied in part to fears of a more direct conflict between Israel and Iran that could threaten crude supplies from the Mid...
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US Court of Appeals reboots HEX manipulation case against Binance.US A panel of three judges has partially reversed a class-action lawsuit that alleged Binance.US and CoinMarketCap manipulated the price of the HEX token.
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Bitcoin risks 'sharp weekend price swings' as ETFs suck up liquidity Bitcoin trading volume and liquidity are concentrated on weekdays due in part to ETFs and could cause more wild price swings on the weekend.
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Latam Insights Encore: El Salvador Forges a Path to Overcome IMF's Bitcoin-Phobia Welcome to Latam Insights Encore, a deep dive into Latin America's most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities that El Salvador is opening for other ...
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The case can move forward toward a discovery phase -- which allows the lawyers for the artists to peer inside AI image generator companies.
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New Jersey Regulators Urge Crypto Investors to Withdraw Funds From Abra New Jersey’s Attorney General, the Division of Consumer Affairs, and the Bureau of Securities have urged investors to immediately withdraw funds from crypto platform Abra. This follows a multi-state investigation into ...
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A millionaire landlord has 3 tips for anyone thinking of buying rental real estate right now Marcia Castro Socas owns rental property and flips houses. She says first-time investors should focus on finding the right house, not the cheapest.
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Starbucks' interim boss sells $341K in stock after surprise CEO shuffle "It's probably fair to assume that other Starbucks executives didn't benefit from the stock pop the way she did."
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The best boxers for men who like a relaxed, supportive fit

Business Insider - 13 Aug 2024 23:34
The best boxers for men who like a relaxed, supportive fit The best boxers for men can be worn both as comfortable sleepwear or anti-chafing underwear. Our favorites include pairs from Bombas, Uniqlo, and more.
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Starbucks Ousts CEO, Names Chipotle Boss as Replacement

Wall Street Journal - 13 Aug 2024 23:26
Starbucks Ousts CEO, Names Chipotle Boss as Replacement Starbucks appointed Chipotle Mexican Grill chief Brian Niccol as its next leader, an abrupt management change for the chain as it works to turn around its business.
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NIST urges immediate adoption of new, post-quantum encryption standard The National Institute of Standards and Technology finalized long-awaited standards for encryption algorithms that can withstand quantum computers.
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The international fight over a US gymnast's bronze medal is getting messy A contentious judging decision and messy appeals process has spiraled into an international argument for Olympic bronze.
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X CEO Linda Yaccarino says GARM antitrust lawsuit aimed at fixing 'broken' ad ecosystem "We were victimized by a small group of people pushing their authority or ability to monopolize what gets monetized," Yaccarino said.
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Bitcoin entrepreneur teams with SpaceX to command first manned spaceflight over Earth's poles SpaceX is planning the first human spaceflight to fly over Earth's poles, a mission that will mark another milestone for the private space company.
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The Story Behind Florida's Weird Billboard Targeting Trump Charli XCX may be our "favorite reference," as she sings on her hit album "Brat," but "weird" is the Democrats' new favorite way to refer to Republican presidential candidate Donald Trump and his running mate, Ohio Sen. ...
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White House, CFPB take on 'ineffective, time-wasting chatbots' A new government effort intends to tackle unfriendly consumer practices. The CFPB is tasked with addressing chatbot misuse and customer service "doom loops."
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I have some suggestions for the new Starbucks CEO

Business Insider - 13 Aug 2024 23:03
I have some suggestions for the new Starbucks CEO Starbucks can get better. The menu baffles me, the drinks are hard to order, and it needs to drop the boba. Here's what else the new CEO should do.
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