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Business News

Location American Business News for 18 August 2024
X closes office in Brazil amid Elon Musk's censorship feud with Supreme Court judge Alexandre de Moraes An escalation in Elon Musk's public feud with Brazilian Supreme Court judge Alexandre de Moraes has led Musk to close X's office in the country.
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Peter Schiff Urges the Fed to Raise Rates and Let Markets Crash Economist and gold advocate Peter Schiff has recommended that the Federal Reserve raise interest rates instead of cutting them, even if it leads to a market crash. He acknowledged that this approach would likely cause st...
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I worked for Oprah for 3 years. Here's what she was like as a boss and what I learned from her. During Boodie's time with Oprah he learned five main business lessons that he credits for helping him run his current business.
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Airlines like Qatar and Turkish are upgrading their business seats as competition for the best premium cabin heats up Qatar's new QSuite NextGen builds upon what is already considered the world's best business class. Turkish and Korean are playing catch up.
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These millennials and Gen Z-ers are going on vacation — no matter how much it costs Some millennials and Gen Zs are going into debt or using buy now, pay later services like Affirm and Klarna to afford their travels.
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As interest rates reshuffle, more carry trades could blow up. Here's the next potential unwinding. The yen is only one risk. Another currency pairing with a very wide spread could soon unravel too.
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Last year, Goldman Sachs hired less than 1% of recently graduated applicants. CEO David Solomon breaks down what the bank looks for.
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How China Is Becoming a Money Pit for Foreign Automakers

Wall Street Journal - 18 Aug 2024 03:00
How China Is Becoming a Money Pit for Foreign Automakers Volkswagen, General Motors and other big brands are losing their grip on a once-lucrative market as Chinese consumers embrace homegrown electric vehicles.
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Privacy Fears Undermine Support for Digital Euro in Germany Skepticism about the digital euro is strong in Germany, especially among older citizens who prioritize privacy and security in financial transactions. Many Germans remain resistant to the idea of a digital currency, with...
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Latam Insights: El Salvador to Receive $1.61 Billion for Economic Overhaul Plan; Venezuelan Government Blocks Binance Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador attracts $1.61 billion in investments for its economic overhaul plan, the...
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Joe Manchin says Kamala Harris has brought a 'vivacious energy' to the 2024 campaign: 'She's got people fired up' Sen. Joe Manchin in an interview with The New York Times expressed his approval of Harris' shift on energy policy, notably regarding fracking.
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NY weighs charging oil firms billions of dollars to fuel new climate change fund Gov. Kathy Hochul will soon decide whether to approve a controversial bill that would force oil, natural-gas and coal companies to fork over billions of dollars to the state for contributing to climate change.
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Amazon's delivery drones are so loud they are like a 'giant hive of bees' Amazon is seeking federal approval to expand its drone program in Texas, but is facing noise complaints from residents.
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Melania Trump has been largely absent from the 2024 campaign trail. Here's what she's been up to. Melania Trump has largely been absent from Donald Trump's campaign, appearing only sporadically in public.
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Bets on Harris Slide in Predictions Market After Her Price Controls Plan Sparks Controversy In a twist of political fortunes, Vice President Kamala Harris, who had been leading in the race against former President Donald Trump for the 2024 election, saw her odds dip significantly after rolling out her economic ...
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Sen. Chris Murphy of Connecticut told The New York Times Magazine that Biden transformed "from being a neoliberal to being an economic nationalist."
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Trump and Vance have entered the 'fake polls' phase of their campaign The Trump campaign celebrated the polls when they showed him leading Biden. Now as polls shift in favor of Harris, their tone has changed.
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Are transformers the architecture that will lead to better reasoning? And what might come next after transformers?
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UBS Urges Caution Despite Positive US Economic Data

Bitcoin.com - 18 Aug 2024 20:30
UBS Urges Caution Despite Positive US Economic Data UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS ca...
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Bitcoin bulls should steer clear of MicroStrategy's new leveraged ETF Leveraged ETFs chronically underperform comparable investments. There are better ways to place bullish bets on Bitcoin than MicroStrategy's new ETF.
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Yeshiva University enlarges Midtown footprint with health sciences campus at Herald Center The deal couldn't come at a better time for landlord JEMB Realty Corporation, which needed a new tenant.
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Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% ...
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