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Business News

Location American Business News for 31 August 2024
CrowdStrike's stock nabs an upgrade: 'The bad news is behind us' The cybersecurity company's shares rallied Friday to cap off a strong August that saw them place among the biggest S&P 500 gainers.
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Telegram's reported finances reveal a pretty small business with an uncertain future A few months ago, CEO Pavel Durov said the company could be worth $30 billion. That seems like a real stretch.
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Long-time Tesla bull Ross Gerber details his journey from Elon Musk's biggest believer to his loudest critic Elon Musk's $44 billion Twitter purchase kickstarted three "horrendous" years for Tesla, longtime investor Ross Gerber says.
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Washington Man Faces Charges in $64 Million Crypto Laundering Scheme A Washington resident has been charged with involvement in a $64 million cryptocurrency laundering scheme. He allegedly deceived investors, posing as an escrow agent, and transferred funds into his accounts. The funds we...
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These offshore oil drillers look like bargain stocks as the industry recovers Demand for offshore drilling and related services is high, while market values for the companies are low.
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No recessions, no recoveries -- why one expert believes markets live in a 'twilight' world Aggressive government policies and excess capital may have fundamentally changed economic and market cycles, Macquarie's Viktor Shvets says.
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Malls Add Entertainment From Nerf and Mattel to Draw Customers Landlords are turning to companies like Hasbro and Mattel for some fun and games in "retailtainment."
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Nigeria Approves Two Crypto Exchanges, Warns Against Patronizing 'Illegal Operators' The Nigerian Securities and Exchange Commission (SEC) has granted “approval-in-principle” to Busha Digital and Quidax Technologies, the first digital asset exchanges to operate in the country. Additionally, four digi...
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Judge Dismisses Suit Seeking to Ban Smoking in Atlantic City Casinos The judge said a loophole exempting casinos from a statewide ban on indoor smoking did not keep workers from pursuing employment in smoke-free environments.
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Bukele States Bitcoin Was an Effective Rebranding Tool for El Salvador President Nayib Bukele pondered how El Salvador adopted the bitcoin banner and evaluated how it has fared for the country so far. In a recent interview given to Time magazine, Bukele admits that while Bitcoin adoption ha...
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If 'Medicare For All' is so bad, why is Medicare so popular? Seniors love Medicare. Does this make them communists?
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The U.S. Treasury bond-backed token economy has recently crossed a significant milestone, now exceeding $2 billion in value. Among the various projects contributing to this total, Blackrock and Franklin Templeton's token...
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A controversial biopic about Donald Trump's early career is set for release just before the US election. Trump's campaign has called the move 'election interference.' The controversial film is said to feature scenes of "rape, erectile dysfunction, baldness and betrayal."
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Trump's World Liberty Financial Launches 'Epic' Meme Contest as Telegram Channel Hits 100K Members The Trump family’s decentralized finance (defi) venture, World Liberty Financial, which has been shrouded in secrecy for quite a while, has now revealed another development--the launch of an "epic meme contest." The ne...
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Starbucks is suffering from a mountain of mobile orders and chronic understaffing, a store employee says Starbucks' long customer wait times at one store are due to too few employees on the job, one worker said. Mobile orders also make the job harder.
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Ethereum's Gas Fees Remain Low While Network Turns Inflationary According to recent metrics, Ethereum’s onchain fees continue to stay impressively low, with the average transaction cost this weekend at just 0.00029 ETH or $0.743. Etherscan reports that even high-priority fees are u...
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Shields said in her 2023 documentary "Pretty Baby" that she had been sexually assaulted by an unnamed Hollywood exec when she was in her early 20s.
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South Korea's Bitcoin Premium Persists Amid Market Volatility Despite recent turbulence in the crypto market, bitcoin’s price continues to carry a premium in South Korea. As of 4 p.m. EDT, bitcoin is trading at $59,002 per unit, but in South Korea, the exchange rate hits $59,900,...
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Nigerian Blockchain Leader: Approval of 2 Crypto Exchanges Brings Much-Needed Regulatory Clarity A Nigerian blockchain industry leader has described the recent approval of two crypto exchanges by the securities regulator as a positive step that improves the image of Nigeria’s crypto space. The leader believes clea...
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UBS Predicts Further Weakening of US Dollar

Bitcoin.com - 31 Aug 2024 22:33
UBS Predicts Further Weakening of US Dollar UBS predicts further depreciation of the U.S. dollar due to narrowing interest rate differentials, ongoing U.S. fiscal deficit concerns, and a shift in global central bank strategies. Despite a brief rally, UBS has downg...
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Block Scholes and Bybit Report Highlights Stability in Crypto Derivatives A recent study by Block Scholes and Bybit reveals a resilient crypto derivatives market, despite recent market turbulence. The report provides insights into futures, options, and perpetual contracts, emphasizing the sect...
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The ESRB is 3 years younger than I am | Kaser Focus

Venture Beat - 31 Aug 2024 21:00
After a hectic week, GamesBeat's Rachel Kaser has to be reminded of her age by the Entertainment Software Ratings Board, of all things.
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