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Business News

Location American Business News for 19 September 2024
Police Arrests Two People Related to $243M Crypto Heist Targeting Genesis Creditor Two people have been arrested following an investigation into a $243 million heist of a creditor of defunct trading firm Genesis, according to blockchain sleuth ZachXBT.
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Billionaire Guy Hands' property firm takes housing reforms to European court Annington Property fears recent legislation will force it to offload some of the 38,000 freeholds it owns on UK military homes A property company founded by the billionaire Guy Hands has taken a legal fight with the UK g...
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Fed starts rate-cutting cycle with a bang -- but wants it to be the only one The Federal Reserve cut its policy interest rate by half of a percentage point on Wednesday, a more aggressive move than many economists expected.
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Lawmaker Flags Concerns Over SEC's Crypto Approach

Bitcoin.com - 19 Sep 2024 00:30
Lawmaker Flags Concerns Over SEC's Crypto Approach Congressman French Hill has raised concerns over the U.S. Securities and Exchange Commission (SEC)’s handling of digital asset regulations, criticizing Chairman Gary Gensler’s leadership for creating legal uncertaint...
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Jobless claims fall to lowest level since May

Market Watch - 19 Sep 2024 16:41
Jobless claims fall to lowest level since May The number of Americans who applied for unemployment benefits last week fell to the lowest level since mid-May.
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The Fed's 50 basis point rate cut won't do anything to stop a recession, economist David Rosenberg says "The best thing I ever did was to follow my instincts and judgement and not waver or throw the towel in," David Rosenberg said.
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23andMe's entire board of directors resigned over cofounder and CEO Anne Wojcicki's ongoing plan to take it private.
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U.S. leading-economic-indicators index drops for sixth straight month The leading indicators for the U.S. economy sank 0.2% in August, the privately run Conference Board said Thursday. That is the sixth straight monthly decline.
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US Lawmakers Call for Clear SEC Rules on Digital Asset Airdrops Congressman Tom Emmer is pushing the U.S. Securities and Exchange Commission (SEC) to provide clear rules on digital asset airdrops, arguing that current regulatory uncertainty is stifling innovation and blocking America...
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Bond market gets a Fed wake-up call after pricing in a recession Long-term yields rose even though the Federal Reserve took a big bite out of interest rates on Wednesday. Here's why.
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Nearly 138K beds sold at Amazon and Walmart recalled after reports of them collapsing during use Nearly 138,000 platform beds sold at major retailers including Amazon and Walmart are being recalled across the US and Canada because they can collapse, posing fall and injury risks.
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Online Passport Renewal and Digital Driver's Licenses: A Travel Docs Update New options have arrived, for both U.S. passports and driver's licenses, that may give travelers more flexibility.
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FedEx Cuts Full-Year Outlook After Posting Lower Profit, Revenue FedEx's results were dragged down by weaker-than-expected demand, particularly in the U.S. domestic package market.
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Olive Garden Breadsticks Hitch a Ride With Uber in Delivery Deal A multiyear deal with Uber Technologies is set to begin with a pilot at select Olive Garden locations this year. Darden has long refused to allow third-party delivery companies to handle its food at a large scale.
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Bitcoin rally above short-term holder metric has traders calling for new BTC price highs Bitcoin's recent rally put its price above a key bull market metric. Are new highs inbound?
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Traders brace for volatility as more than $5 trillion in options set to expire in latest 'triple witching' It's that time again: Investors will see option contracts tied to more than $5 trillion in tradeable stocks expire on Friday in the latest quarterly "triple witching" event.
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DeFi Lender Sky Ratifies Plan to Offboard Wrapped Bitcoin, Due to Sun Concerns The matter has been closely followed in crypto markets, since the Sky platform has $200 million of loans collateralized by the token, and since WBTC is one of the biggest cryptocurrencies, with nearly $10 billion outstan...
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Nike says Elliott Hill will replace John Donahoe as CEO in October. Nike has struggled to turn around its business over the last year.
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CONTRIBUTOR CONTENT: Buying glasses can be a big commitment. Even with the right deal and a great sale to keep the price down, you're still picking out what will essentially become a part of your face until your next pur...
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Terraform Labs Gets Court Approval to Wind Down Operations in Bankruptcy Terraform Labs has received court approval to wind down operations in bankruptcy following a settlement with the U.S. Securities and Exchange Commission (SEC). The company had been at the center of a scandal that left cr...
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Nike CEO calls it quits as sportswear giant's sales sink Nike is shaking up its top rank amid efforts to revive sales and battle rising competition.
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A hacking group said it gained access to Disney's Slack channels over the summer, which led to leaks. Now, Disney is transitioning away from Slack.
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