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Business News

Location American Business News for 29 August 2024
German inflation drops to 1.9%, lowest rate since March 2021 Germany's CPI data showed inflation in August fell below the ECB's 2% target for the first time since March 2021
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California lawmakers pass controversial AI bill opposed by most of tech industry Tech companies have largely balked at the legislation, called SB 1047, saying it could drive AI companies from the state and hinder innovation.
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Restaurants are struggling as price increases backfire. But these chains are feeling pretty good. Following a steep rise in food prices, big restaurant chains like McDonald's Corp. and Starbucks Corp. this year have warned of a more circumspect customer. But not everyone in the industry is seeing it.
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Smucker's, Jif peanut butter owner slashes full-year outlook amid stubborn inflation Like other companies in the food sector, Smucker's has been struggling to hold onto cost-conscious customers stung by high prices at grocery stores.
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Why RBC isn't eager to acquire another U.S. bank

American Banker - 29 Aug 2024 00:44
Why RBC isn't eager to acquire another U.S. bank The top executive at Royal Bank of Canada expressed reluctance about expanding south of the border again, citing what he characterized as a changing regulatory landscape and pointing to lessons learned from the 2015 acqu...
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SEC Issues Wells Notice to Opensea, Alleging NFTs on the Marketplace Are Securities The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to Opensea, signaling potential enforcement action against the NFT marketplace. Opensea’s CEO criticized the SEC’s move, claiming it could n...
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Pokémon Go has added Dynamax Pokémon among other Sword & Shield-specific features in its latest season, Max Out.
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Nvidia is starting to look a lot like the next Apple

Market Watch - 29 Aug 2024 23:41
Nvidia is starting to look a lot like the next Apple The iPhone enabled the app revolution. Nvidia is enabling the AI and robotics revolutions.
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A Babe Ruth jersey sold for $24.1 million, but a Michael Jordan one could go for even more The sky appears to be the limit for the rarest of sports collectibles -- just wait until the ultimate Jordan uniform hits the auction block
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American Eagle missed sales targets for a second quarter in a row but its profits were 60% higher as inflationary costs begin to tick down.
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Telegram co-founder Pavel Durov seen being released from French custody in new video The Russian-born billionaire is seen wearing sunglasses and a black baseball cap as well as all-black garb.
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Nvidia is still on fire —but its trajectory is looking a bit more like Apple The chip giant showed that demand for its GPUs was slowing as it reported earnings on Wednesday, a sign that its top product might lose some steam.
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Nvidia's financials released after Wednesday's close weren't quite the $4 billion "Triple Lindy" of upside many investors were hoping for.
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New NCR Atleos/LibertyX feature converts BTC to cash at US ATMs Users of the LibertyX ATMs can send BTC to a LibertyX address and receive fiat for their crypto at ATMs in 30 states.
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U.S. House Committee Plans for Heap of Crypto Hearings in September The U.S. House Financial Services Committee is poised to launch a series of crypto hearings digging into several aspects of the industry, including decentralized finance (DeFi), the Securities and Exchange Commission's o...
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The 11 best and 11 worst songs that have been certified diamond Over 150 songs have been certified diamond throughout history. They range from "Bohemian Rhapsody" (the best) to "Baby Shark" (the worst).
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Lululemon's growth in its largest market, the Americas, has slowed from the highs it saw last year as it contends with product rollout challenges.
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Jailed FTX Exec Withdraws His Request to Compel Government to Abide by Plea Deal Ryan Salame, the former FTX executive sentenced to 7.5 years in prison in May, has withdrawn a legal request to a New York court asking that the conditions of his plea deal with prosecutors be enforced or that his plea b...
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Cipher Mining Boosts Bitcoin Data Center Portfolio With 300 MW Texas Site Purchase This week, Cipher Mining Inc. revealed that it has acquired a sprawling 250-acre property in West Texas, which includes a 300-megawatt (MW) data center. The company also highlighted that this location is ideal for high-p...
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Pavel Durov's Telegram faces EU probe over possible breach of digital rules The EU is reportedly investigating whether Telegram misrepresented the size and scope of its user base in order to evade regulations.
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I went to Burning Man for the first time. Here are 5 things everyone gets wrong about the event. There's far more to Burning Man than billionaire CEOs and "Sparkle Ponies" who come to snap pictures in six-inch platform boots.
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Several enterprises are tapping Meta's Llama family of models, including AT&T, DoorDash, Goldman Sachs, Niantic, Zoom and KPMG.
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