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Business News

Location American Business News for 9 September 2024
Russia Expands Digital Ruble Pilot With New Features: Widespread Use Expected in 2025 Russia’s central bank is expanding its digital currency pilot program, involving 9,000 individuals and 1,200 companies. New features for the digital ruble, including payments via QR code, will be tested. Full-scale imp...
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Boeing may have averted a potentially catastrophic strike by agreeing on Sunday to a contract that gives some union workers a 25% wage increases.
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First American Financial discloses $342 million loss on the sale of bonds First American Financial Corp. became the latest financial services firm to reveal the pain from holdings of bonds that soured in value.
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Nvidia's stock has been a huge S&P 500 driver. Here's why its influence could wane. With more Nvidia earnings growth ahead, Citi says the company should still help the S&P 500's performance, though potentially not to the same extent as before.
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Stick to defensive stocks as short-term yields dive, say JPMorgan strategists JPMorgan now favors small caps over large caps, and no longer likes growth over value
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Hedge Fund Pushes for End of Murdochs' Control at News Corp

The New York Times - 9 Sep 2024 14:38
Hedge Fund Pushes for End of Murdochs' Control at News Corp Starboard Value, a fund that takes stakes in companies and agitates for changes, said that political disagreements among Rupert Murdoch's children could be "paralyzing" for the media firm.
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Fraud against banks, consumers declines in 2024

American Banker - 9 Sep 2024 12:00
Reports of fraud committed against financial companies are on pace to, for the first time, fall this year compared with 2023. Consumer reports of fraud are also down.
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Trump Threatens Countries Leaving the U.S. Dollar With 100% Tariffs Former President and Republican candidate Donald Trump announced future sanctions for countries supporting de-dollarization. At a rally held in Wisconsin, Trump declared: “You leave the dollar, and you're not doing bus...
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UK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer protection. In i...
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Huntington to provide corporate mortgage asset financing The bank has brought about mortgage industry veteran Ken Logan as senior managing director to head this new business line
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Will Ferrell Covers Fleetwood Mac in PayPal's Largest Ad Campaign to Date Can you hear Will Ferrell calling out your name? Well, he is, sort of, in a new ad for PayPal. In a 60-second spot that's part of the digital wallet company's biggest ad campaign to date, Ferrell belts out a version of F...
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New York community banks reach $236 million deal to merge The all-stock transaction is slated to close in the second quarter of 2025. It would create a bank with more than $15 billion of assets.
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Apple investors get a raw deal with iPhone 16 -- but customers get a bargain Wall Street's much-hoped-for price hikes on Apple Inc.'s new iPhone 16 line did not materialize at its launch Monday, but Chief Executive Tim Cook clearly hopes to drive more volume by not raising prices.
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Value stocks outperform this quarter as growth equities struggle in 'downtrend' Value stocks in the U.S. are beating growth equities lately, with outperformance that seems set to continue based on technical analysis, according to Sevens Report Research.
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Trump airplane-assault accuser Jessica Leeds calls him a 'sexual predator' and says she's deciding whether to sue Jessica Leeds testified that Donald Trump groped her on an airplane in testimony for E. Jean Carroll's sexual abuse trial.
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Investors Lost Record High $5.6B to Crypto Scams in 2023, FBI Says Investors lost a record $5.6 billion to crypto-related financial crime in 2023, up 45% from 2022, according to a new report from the Federal Bureau of Investigation's (FBI) Internet Crime Complaint Center.
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Here Are All the Ways to Watch the ABC News Presidential Debate Another presidential debate night is upon us, and this time we have a new face on the Democratic ticket facing off against a three-time GOP nominee. Vice President Kamala Harris will stand across from former President Do...
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Maria E. Redo, Who Won Discounts for Older Adults, Dies at 99 She started a nonprofit in New York City in 1971 by asking stores if they would offer reduced prices for people 65 and over. Thousands of retailers said yes.
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Apple banks on AI to boost sales of its new iPhone The firm says its new handset has been built for artificial intelligence as it looks to regain its edge.
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Apple is giving Siri an upgrade. Here are the new things it can do on iPhone 16. Apple said that Siri will gain abilities like "on-screen awareness" and "personal context understanding." Here's what else it can do.
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Harris Leads in Debate Betting, But Trump Dominates Swing States, Polymarket Shows A wager valued at $155K on the prediction platform Polymarket is betting on Vice President Kamala Harris emerging victorious in Tuesday’s debate against former President Donald Trump. According to the latest polls, Har...
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Nissan Trials Innovative 'Cool Paint' to Reduce Energy Usage As part of Nissan's plans to create cleaner and more sustainable vehicles, the Japanese car manufacturer has been trialing 'cool paint' technology in the hopes of lowering internal car temperatures and reducing energy us...
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