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Business News

Location American Business News for 14 August 2024

The Dramatic Turnaround in Millennials' Finances

Wall Street Journal - 14 Aug 2024 03:00
It wasn't the avocado toast. Soaring home prices and smart investments have helped change the narrative for a generation once mocked for being perpetually behind.
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I've lived in Catalonia for 8 years. There are 5 things tourists should know before traveling to this part of Spain. Nicola Prentis is raising her kids in Girona, a city in northeast Catalonia. The language, food, and wine are all different from other parts of Spain.
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Texas Sues General Motors for Collecting and Selling Driver Data The lawsuit accuses the automaker of tricking drivers into sharing detailed driving records that were then sold to insurance companies.
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Starbucks new CEO faces plenty of payments challenges

American Banker - 14 Aug 2024 00:07
Starbucks new CEO faces plenty of payments challenges Brian Niccol's record as CEO of Chipotle will be tested as he tries to to keep the coffee chain competitive with rival digital wallets.
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Memecoin 'retail mania' could go the way of ICOs and NFTs, say execs Memecoins are a great way to attract people to crypto, but the jury's out on whether they'll maintain their current momentum.
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US Bitcoin ETFs 'on track' to top Satoshi's BTC stack soon United States Bitcoin ETFs have added around 37,510 BTC to their holdings each month on average and could soon surpass Satoshi Nakamoto's estimated stash.
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Gamescom 2024 will kick off next week in Cologne, Germany, with more than 1,400 exhibitors, a new record at 15% more than a year ago.
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Brazilian Crypto Exchange Mercado Bitcoin Launches Flexible Crypto Collateralized Loans Mercado Bitcoin, one of the largest Brazil-based cryptocurrency exchanges, has launched a loan product allowing users to receive credit in Brazilian reais secured by crypto collateral. The credits will be limited to 30% ...
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Elon Musk Offers to Assist Donald Trump Boost Government Efficiency Tesla and Spacex CEO Elon Musk has offered to assist former U.S. President Donald Trump in managing government spending if Trump is re-elected, proposing the creation of a government efficiency commission. Trump endorsed...
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Core Scientific drops 10% after $400 million convertible senior note offer Core Scientific stock has dropped to $8.46 per share on the Nasdaq following an announcement of offering convertible senior notes to help settle debts.
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Tesla's 'under the radar' energy segment deserves attention amid rapid growth, says Baird Tesla Inc.'s energy segment may not grab as much attention as the company's electric vehicle business, but its contribution to the company's valuation should not be under-estimated, according to Baird Equity Research.
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Consumers are keeping a recession at bay -- but for how long? Lower rates from the Federal Reserve might arrive just in the nick of time
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Tortured economists department: Taylor Swift again surprises those who underestimate her impact Taylor Swift continues to confound Wall Street as demand for her concerts swing economic data around.
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Founded in 2017 by CEO Minna Song and CTO Tony Stoyanov to address rental housing communications, EliseAI is now getting into healthcare.
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Look: Denver Nuggets head coach Michael Malone just scored this Colorado mansion with awesome views of the Rockies for $6.8 million The contemporary mansion includes a wine room, personal gym, billiard room, pool and pickleball court.
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Veteran Trader Peter Brandt Says Gold Is Poised for Massive Chart Breakout Peter Brandt, a veteran trader and respected chartist, says gold is poised for a massive chart breakout with targets of $2,800 and then $3,200, based on an inverse head and shoulders pattern indicating a bullish trend. T...
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Commonwealth Bank of Australia's Profit Falls Amid Competition

Wall Street Journal - 14 Aug 2024 02:10
Australia's biggest bank said its annual net profit fell 6%, with growth in its core businesses offset by ongoing competition.
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Activist investor Elliott plans to start proxy fight with Southwest: report A major activist investor with a big stake in Southwest Airlines Co. is escalating its fight with the air carrier, with plans to wage a proxy battle and nominate a slew of candidates to the company's board, according to ...
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Justice Department considering push for historic break up of Google after landmark antitrust ruling: report The feds are also weighing "less severe" options, such as requiring Google to share data with rival search engines such as DuckDuckGo and Microsoft's Bing.
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Kamala Harris doctored headlines on Google present 'significant ethical concern': media analyst Rich Hanley, Quinnipiac University associate professor of journalism emeritus, called the marketing move "troubling" and "exploitative."
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Overwatch Champions Series had its first major earlier this year at DreamHack Dallas -- what did the organizers think of the event?
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Rachael "Raygun" Gunn's husband wasn't on an Olympic qualifying committee. Here's how the controversial Australian breakdancer made it to Paris.
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