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Business News

Location American Business News for 22 October 2024
HSBC under new CEO begins biggest restructuring in a decade The lender will combine its global commercial and institutional banking operations and is creating a new international wealth and premier banking business. HSBC also named Pam Kaur as its first female CFO.
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JPMorgan's Bold Call: Why Carry Trades May Be Facing Their Final Days A new JPMorgan report warns that carry trades are losing effectiveness as global interest rates decline, urging investors to be more selective with currency risks. The Japanese yen has lost appeal after unexpected rate h...
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Water bills set to rise more than expected The regulator will allow higher bills to fund growing costs and investment, the BBC understands.
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Goldman Sachs Faces CFPB Fine Over Credit-Card Business

Wall Street Journal - 22 Oct 2024 19:44
An enforcement action is expected as soon as this week pertaining to the bank's Apple credit-card program.
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Target slashes prices on 2,000 items ahead of holidays to win back inflation-battered shoppers Target announced the plan ahead of a shorter-than-usual holiday season, which is adding pressure to an already-squeezed industry.
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UK economy 'set to accelerate', says IMF The global financial institution predicts stronger UK growth of 1.1% this year and 1.5% next year.
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I.M.F. Says Inflation Fight Is Largely Over but Warns of New Threats The International Monetary Fund said protectionism and new trade wars could weigh on growth.
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Solana price unfazed by Pump.fun $6.6M sale, $47M SOL remaining Pump.fun's fee account still holds over $47 million worth of Solana tokens, which could add more selling pressure.
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Epic Games has launched Fab, a new unified content marketplace that enables developers to access digital assets from a single online market.
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'Blade Runner 2049' producer sues Tesla, Elon Musk for copyright infringement The production company behind the sci-fi movie "Blade Runner 2049" is suing Elon Musk and Tesla Inc. for copyright infringement, claiming an image from the movie was improperly used to promote Tesla's futuristic robotaxi...
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Nikkei May Rise on Weaker Yen

Wall Street Journal - 22 Oct 2024 01:41
Japanese stocks may rise thanks to a weaker yen and expectations for domestic earnings growth.
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Canadians and Mexicans nervously await the US election As Americans prepare to vote in the presidential election, Canadians and Mexicans mull the likely impact.
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Salesforce CEO Marc Benioff criticized Microsoft for its AI-powered agents and compared Copilot to Clippy 2.0.
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Week of October 14 Morning News Ratings: All Three Morning Shows See Total Viewer Declines For the fourth week in a row, ABC News' Good Morning America remained America's No. 1 morning show in total viewers. GMA continued to build on its lead over NBC News' Today with 166,000 total viewers separating the two m...
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McDonald's burgers linked to E. coli outbreak in the US At least 49 people have been sickened and one person has died, according to the CDC.
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'All Roads Lead to Inflation' -- Why Legendary Investor Paul Tudor Jones Is Betting on Bitcoin Veteran investor Paul Tudor Jones shared his thoughts on CNBC this past Tuesday, confidently stating that he’s sticking with hard money like gold and bitcoin. In his view, any other option leads straight to inflation. ...
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McDonald's stock plunges as Quarter Pounders linked to E. coli outbreak, CDC says An outbreak of E. coli linked to McDonald's Corp. Quarter Pounder burgers has killed one person and hospitalized 10 people in 10 states.
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The new feature includes safeguards to detect and block attempts to generate content featuring public figures without authorization.
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Denny's, one of many fast-casual chains struggling with higher costs and changing consumer demand, says it's closing about 150 restaurants.
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The Abrams tank built to fight the Soviets appears to be at war on Russian soil Footage shared by the Ukrainian military showing an Abrams tank in action was geolocated to Russia's Kursk region.
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Starbucks's latest financials sink shares, as CEO says it's 'harder to be a customer than it should be' Shares of Starbucks fell on Tuesday after the coffee chain offered fresh signs of its struggle to bring back consumers, saying its turnaround efforts "will take time" as its new chief executive settles in.
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Enphase reports weaker quarter, and this time its U.S. business is not the problem Enphase's revenue in Europe dropped about 15% quarter-on-quarter as demand softened.
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