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Business News

Location American Business News for 26 September 2024

New York City Mayor Eric Adams has been indicted

Business Insider - 26 Sep 2024 03:25
The mayor has been the center of a federal investigation into donations to his 2021 campaign.
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Investors have a lot of questions for Elon Musk heading into Tesla's robotaxi day on Oct. 10.
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My dream job at Google came with a great salary and perks but a nightmare 4-hour commute. It was totally worth it. Mike Manalac left everything behind in Baltimore and moved to San Francisco to secure a job at Google. When he finally got it, it was two hours away.
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I was too stressed out to enjoy my quiet vacation — until I changed my approach Holly Andrews tried taking a quiet vacation in Italy but felt too guilty and stressed to enjoy it. This mindset change helped her relax.
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It looks like Sam Altman will get richer off of OpenAI after all — maybe $10.5 billion richer OpenAI plans to make big changes to its corporate structure, two reports say. That is expected to pave the way for CEO Sam Altman to get even richer.
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Australia's lithium mining boom hit by sagging prices Some producers have halted operations, while others are increasing production, hopeful of an upturn.
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Elon Musk not invited to top UK investment summit This is due to concern about his role in sharing misinformation about the UK during last month's riots, the BBC understands.
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Kamala Harris wants the US to be 'dominant' in blockchain Democratic presidential nominee Kamala Harris made another public statement about digital assets during a Wednesday speech at the Economic Club of Pittsburgh.
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Hong Kong stocks lead global surge on reports of more China stimulus measures Hong Kong's equity market hit a one-year high and led a surge in global stocks as the China-stimulus-induced risk-asset rally received further propulsion
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Utah Judge Rules SEC's Case Against Alleged Crypto Mining Scam Green United Can Proceed to Trial The U.S. Securities and Exchange Commission's (SEC) lawsuit against Green United can proceed to trial, a Utah judge ruled Monday.
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It's a bad time for Mira Murati to exit, as OpenAI refocuses on profitability Mira Murati's departure from OpenAI could not have come at a worse time.
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All hail Zuck! Meta CEO Mark Zuckerberg wears T-shirt showing off grand ambitions Zuckerberg wore a custom T-shirt with a Latin phrase as he revealed the first working prototype of Meta's augmented-reality glasses.
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China's push to bolster its stock markets has stirred optimism, but begs the question of whether investors will take the bait amid lingering doubts about the economy's underlying weakness.
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Lawmaker Introduces Defi Bill -- Calls Decentralized Finance 'Essential to Future of Markets' Congressman Warren Davidson has introduced the Evaluating Defi Opportunities Act to foster data-driven regulations for decentralized finance (defi). He stressed the importance of safeguarding innovation and user privacy ...
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Nigerian Currency Plunges After Central Bank Rate Hike The Nigerian Naira weakened significantly against the U.S. dollar following the Central Bank of Nigeria’s (CBN) decision to hike interest rates for the fifth time this year. The naira dropped to NGN1,658 per dollar on ...
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Death toll from Boar's Head listeria outbreak reaches grim milestone The latest fatality was reported in New York, bringing the total deaths to two each in New York and South Carolina and one each in Illinois, New Jersey, Virginia, Florida, Tennessee and New Mexico.
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Scientists discovered a unique line of Neanderthals and it's helping solve the mystery of humanity's last great extinction The genome of a Neanderthal named Thorin suggested he was part of an unknown lineage. He and his community stayed isolated for 50,000 years.
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OpenAI reportedly mulls $10B payday for Sam Altman as more top executives head for exits A 7% stake in Microsoft-backed OpenAI could soon be worth a whopping $10.5 billion for Altman, who had not previously taken an ownership position in the firm.
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Disney slashes 300 jobs this week as CEO Bob Iger continues belt-tightening Disney is reportedly eliminating 300 corporate jobs this week — the latest round in a broad cost-cutting initiative by Chief Executive Bob Iger. The job cuts — which began Wednesday and will continue Thursday and pos...
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Under-fire Commerzbank sets ambitious profit goal

Market Watch - 26 Sep 2024 11:40
Under-fire Commerzbank sets ambitious profit goal Shares of Commerzbank, the German bank being pursued by Italy's UniCredit, soared on Thursday after it forecasted improving profits and shareholder returns.
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Listed German private-equity firm tumbles after Gotham City short-sale report Shares of Mutares, a German investor that seeks to turn around medium-sized companies, tumbled after the publication of a short-selling report.
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BOS Open-Sources Zero-Knowledge Protocol, Paving the Way for Advanced Cryptography on Bitcoin BitcoinOS (BOS) has open-sourced its BitSNARK verification protocol, marking a significant advancement in blockchain technology. This protocol, which successfully verified the first zk-SNARK proof on the Bitcoin blockcha...
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