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Business News

Location American Business News for 15 October 2024
China's Trade With BRICS Surges: A $653 Billion Boost in Emerging Markets China's trade with BRICS countries surged by 5.1% year-on-year, reaching 4.62 trillion yuan (approximately $653 billion) in the first three quarters of 2024. Officials emphasized the importance of BRICS as a crucial plat...
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Blackrock CEO Larry Fink Declares Bitcoin an Asset Class, Rivaling Gold in Investment Potential Blackrock CEO Larry Fink has emphasized bitcoin’s growing legitimacy as an investment, calling it an alternative to commodities like gold. “We believe bitcoin is an asset class in itself,” said the CEO of the world...
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Would Donald Trump's taxes on trade hurt US consumers? What could happen if Donald Trump drastically increases tariffs as he has promised to do?
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Petition Calls for Roger Ver's Immediate Release and Pardon A petition initiated by freedom advocate Aaron Day, calling for the release and pardon of Roger Ver, has gathered 245 signatures out of a goal of 500. Ver, the founder of Bitcoin.com, is facing extradition to the U.S. on...
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Profits Leap at Goldman Sachs as Banks See Steady Economy

The New York Times - 15 Oct 2024 16:03
Profits Leap at Goldman Sachs as Banks See Steady Economy The investment bank earned more than expected in the latest quarter, a theme for other big banks, too.
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Treasury yields fell Tuesday morning as traders reacted to a weaker-than-expected manufacturing reading from the New York Fed and new developments from the Middle East that pushed oil prices lower.
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In an unusual arrangement, Fox and NBCUniversal cut a deal (with the full blessing and support of the National Football League) to have Telemundo produce its own broadcast of Super Bowl LIX next February. (THR) Both netw...
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Crypto stocks see price rally as Bitcoin tops $66K

Coin Telegraph - 15 Oct 2024 03:58
Crypto stocks see price rally as Bitcoin tops $66K Crypto exchange Coinbase and Bitcoin miners CleanSpark and IREN closed Oct. 14 with double-digit percentage gains and continued to climb after the bell.
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Hong Kong Shares Fall 0.5%; Energy Stocks Weigh

Wall Street Journal - 15 Oct 2024 03:55
Hong Kong's Hang Seng Index fell 0.5% to 20991.89 in early trade, weighed by energy-related stocks.
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Grayscale Looks to Turn Multi-Token Fund Into ETF Grayscale Investments has filed to turn its multi-token fund, the Grayscale Digital Large Cap Fund, into an exchange-traded fund.
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Is Elon Musk Selling Bitcoin? Tesla Transfers All $760M of Its BTC to Unknown Wallets. On-chain data indicates that wallets associated with Elon Musk's electric car company have begun moving funds.
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During a Q&A, Trump shared his views on tariffs, monetary policy and the Federal Reserve. But he also went on meandering digressions.
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As Goldman Sachs exits GM deal, Barclays hopes to benefit

American Banker - 15 Oct 2024 23:53
As Goldman Sachs exits GM deal, Barclays hopes to benefit The investment banking giant is selling its General Motors credit card portfolio to Barclays, which is looking to grow and diversify its U.S. cards business. It's part of Goldman's retreat from consumer banking.
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Container Store to Receive $40 Million Investment From Beyond

Wall Street Journal - 15 Oct 2024 23:47
Container Store to Receive $40 Million Investment From Beyond Investment is part of a strategic partnership between the specialty retail chain and the owner of Bed Bath & Beyond designed to return the Container Store to profitable comparable store growth.
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What 'Saturday Night' gets right and wrong about the late-night sketch comedy show's chaotic first broadcast Jason Reitman's "Saturday Night" details the chaotic 90 minutes leading up to the first broadcast of "SNL." Here's what the film gets right and wrong.
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Tesla Makes a Surprise Bitcoin Move: $225M in BTC Transferred After 2 Years Elon Musk’s Tesla has moved bitcoin (BTC) for the first time in two years, according to onchain data discovered by Arkham Intelligence. The transaction was carried out in three separate batches, transferring a total of...
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Companies' applications of AI were a key theme at MWC Las Vegas 2024, where execs shared their best practices.
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Walgreens announced plans to close 1,200 stores over three years. Its CEO previously has said roughly a quarter of locations were underperforming.
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Target shoppers' excitement over the 'Wicked' Stanley cups shows buzzy partnerships are the way forward for the water bottle brand The overwhelming demand for Stanley and Target's "Wicked" cups demonstrates how Stanley can maintain its status as brands like Owala gain traction.
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'She Wasn't A Monster, She Was Sick': Boston Man Defends Wife Accused Of Strangling Their 3 Children Boston mother Lindsay Clancy, who allegedly strangled her three young children while suffering from postpartum depression, faces multiple charges as her tragic case highlights the severe impact of postpartum mental healt...
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MiCA Spurs Major Shift in Euro Stablecoin Market, Kaiko Analysis Shows The European Markets in Crypto-Assets Regulation (MiCA) has made a noticeable impact on the euro stablecoin landscape, according to a fresh report by Kaiko. The research points out that MiCA’s rollout has triggered sev...
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In 2020, Epic Games -- developers of Fortnite and the Unreal Engine that powers a significant number modern video games -- declared war on both Apple and Google’s mobile storefronts. Epic wanted to challenge the idea o...
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