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Business News

Location American Business News for 24 August 2024
7-Eleven Is a Hard Target for Couche-Tard to Land in Takeover Bid Convenience stores are a part of the country's culture, meaning that the foreign buyout bid for 7-Eleven, the largest chain, could be a hard sell in Japan.
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China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation China and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to loca...
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Gold bars just hit the $1 million mark, but that doesn't mean your Costco gold bars make you a millionaire A standard gold bar is worth $1 million after soaring prices catapulted the precious metal to a record-breaking $2,500 an ounce earlier this week.
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Working for Doordash and Grubhub increasingly feels like a 9-5. And that may be bad news for the companies. Gig delivery workers for apps like DoorDash and Uber Eats say being an independent contractor isn't as freeing as promised.
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Starbucks gives new CEO Brian Niccol company jet to fly from California home to Seattle HQ Starbucks has given its new CEO Brian Niccol a corporate jet to make the super commute from his southern California mansion to the company’s Seattle headquarters, according to a report. The coffee chain revealed the sw...
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Fresh off $1.6 billion loss, Intel prepares for possible activist investors: report Intel Corp. has hired advisors, including those with Morgan Stanley, to help defend the company against potential shareholder activism, according to a report Friday.
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Telegram CEO Pavel Durov Arrested in France: TON Price Plummets Pavel Durov, founder and CEO of Telegram, has reportedly been arrested at Le Bourget airport in France under a search warrant issued by the French judicial police. The arrest follows accusations that Telegram facilitates...
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Crypto Exchange Gate.io Secures Sponsorship Deal With Italian Soccer Giant Inter Milan Crypto exchange Gate.io has secured a sleeve sponsorship deal with Inter Milan, the reigning Italian champions. Gate.io’s logo will be displayed on both men’s and women’s team jerseys. Both parties see this collabo...
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Elon Musk said he wants to move the X headquarters from California to Texas. San Francisco is not weeping.
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Academic Paper Questions Federal Reserve Independence and Exposes Political Ties Thomas Joseph Webster, Professor Emeritus of Economics at Pace University, challenges the long-held belief in the Federal Reserve’s political independence in his comprehensive report, “The Myth of Fed Political Indep...
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Anthropic says it is closer to backing California's AI bill after lawmakers made some fixes. Here's what changed. Anthropic says the benefits of California's AI bill now "outweigh its costs." But it still has some concerns.
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AWS CEO Predicts AI to Transform Software Developer Roles In a leaked recording from an internal meeting, Amazon Web Services CEO Matt Garman discussed the evolving role of software developers in the age of artificial intelligence (AI). Garman suggested that AI could soon take ...
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Kamala Harris's economic policy positions are MIA -- expect more of the same lefty ideas Vice President Harris' campaign website has no significant economic policy positions; her campaign hasn't issued any definitive statements on where they stand on taxes, fracking, and a lot more.
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Bitcoin's Reign Unchallenged: Altcoin Season Continues to Fade Into Obscurity Market data reveals that bitcoin’s market capitalization now stands at 56%, representing a 47.36% growth since Nov. 2022. Although the crypto markets have been showing positive trends this week, the likelihood of an �...
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Unite calls for 1% wealth tax on super-rich to fund UK public sector pay rises The demand from Britain's second biggest union will test truce with Labour at next month's TUC conference Britain's second biggest trade union is calling on the new Labour government to introduce an emergency 1% wealth t...
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Economists like competition but not when it comes to their own field of research | Torsten Bell Winners of prizes such as the Nobel are concentrated in a handful of universities, which runs the risk of narrowing debate Economists are pro-competition, warning against concentrated markets - dominated by a few large f...
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NASA Administrator Bill Nelson said the decision was driven by the agency's commitment to safety, especially after the disasters that beset the space shuttle program.
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NASA astronauts to return to earth with Elon Musk's SpaceX, Boeing Starliner to come back empty NASA astronauts Butch Wilmore Suni Williams will return to earth with SpaceX after the Starliner spacecraft that took them to the International Space Station was beset with problems, the space agency announced Saturday.
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The rise and fall of the 30-year friendship between Bill Gates and Warren Buffett Warren Buffett and Bill Gates, two of the richest men in the world, have been friends for decades. But that friendship has cooled in recent years.
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'I'm conflicted': I have two sons -- one is a hard worker with kids and the other is a 'carefree' actor. Should I leave the 'family man' more money in my will? "The money could be going to my grandkids."
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Data Shows Bitcoin Mining Giants Foundry and Antpool Seize 56.7% of Network's Hashrate In the last three days, Foundry USA and Antpool have emerged as the leading forces in bitcoin mining, together controlling a whopping 56.7% of the network’s total hashrate. Since the year began, Foundry's hashrate has ...
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NASA picks SpaceX to bring home the American astronauts stuck in space. It's the latest blow to Boeing. Two astronauts have been stuck at the International Space Station for almost three months after Boeing's Starliner spacecraft malfunctioned.
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