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Business News

Location American Business News for 13 November 2024
Deutsche Bank Acknowledges Crypto's Leading Role in Ensuring BRICS' Payment Capabilities Deutsche Bank, one of the largest banking institutions in Europe and the world, has recently linked BRICS to a significant percentage of cross-border transactions. The bank states that the bloc has been driven to cryptoc...
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Oil Edges Lower, Likely Weighed by OPEC's Demand Forecast Trim

Wall Street Journal - 13 Nov 2024 03:21
Oil prices were mixed in early Asian trade. Market sentiment was likely weighed after OPEC cut its demand forecasts, Westpac said.
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Spirit may be at the end of its runway as Frontier talks break down, bankruptcy looms Beleaguered Spirit Airlines reportedly is discussing its options with creditors as Frontier Airlines abandons merger talks.
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Inflation progress stalls in US in October Prices in the US rose 2.6% over the 12 months to October, driven by more expensive food and groceries.
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Fashion World Fears High Tariffs in Trump Administration

The New York Times - 13 Nov 2024 16:03
Fashion World Fears High Tariffs in Trump Administration President-elect Donald J. Trump has threatened a tax of at least 60 percent on goods from China -- a move with the potential to decimate small American brands.
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Starbucks' turnaround plan has 'merit' but its unknown cost makes the stock a 'sell,' analyst says Redburn Atlantic's Edward Lewis downgrades coffee-shop giant after new Chief Executive Brian Niccol unveils his "Back to Starbucks" plan.
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Why the stock market's 'Trump bump' could become a 'Trump dump' Are you sure you know more about the stock market than Warren Buffett?
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Mr. Musk Goes to Washington -- With a $2 Trillion Agenda

The New York Times - 13 Nov 2024 14:47
Mr. Musk Goes to Washington -- With a $2 Trillion Agenda Donald Trump tapped the tech mogul to co-lead an effort to slash government spending, but questions abound over how such an initiative would actually work.
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Most Asian Currencies Weaken on Surge in Treasury Yields

Wall Street Journal - 13 Nov 2024 04:00
Most Asian currencies weakened against the U.S. dollar in the early morning session on an overnight surge in Treasury yields.
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A tech recruiting firm left a database unsecured that exposed emails, passport numbers and partial SSNs of job seekers, a security researcher says.
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Blackrock Bitcoin ETF Overtakes Gold Trust -- The Asset World Shaken Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), launched in January, has now surpassed the Ishares Gold Trust (IAU) in assets under management (AUM). According to Factset, IBIT re...
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Hitting and holding $100K Bitcoin price depends on $11.8B end-of-year BTC options expiry Bitcoin's ability to reach and hold the $100,000 level will be influenced by the upcoming $11.8 billion options expiry.
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Adobe's Digital Price Index reports a 0.1% year-over-year decrease in online grocery prices for October 2024, marking the first annual decline since 2020.
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Where crypto ETFs can go next during a second Trump term A weekly look at the most important news and moves in crypto, and what's on the horizon in digital assets.
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Arca, Blocktower to merge into unified crypto platform

Coin Telegraph - 13 Nov 2024 23:45
Arca, Blocktower to merge into unified crypto platform BlockTower's venture capital arm, BlockTower Venture Capital, will continue to operate independantly.
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Arca, Blocktower to merge into unified crypto platform

Coin Telegraph - 13 Nov 2024 23:45
Arca, Blocktower to merge into unified crypto platform BlockTower's venture capital arm, BlockTower Venture Capital, will continue to operate independantly.
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Judge explains why he handed Elon Musk his $1 million-a-day sweepstakes win A Philadelphia judge has explained why he didn't shut down Musk's $1M-a-day sweepstakes last week.
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Digital Asset Powerhouse Wyden Snags $16.4M in Funding, Eyes Global Expansion Wyden, a digital asset trading infrastructure provider, secured $16.4 million in Series B funding to expand its client base and strengthen its platform. Wyden to Strengthen Poland Development Hubs On Nov. 13, Wyden, the ...
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My daughter was too overwhelmed to focus on her college applications. I became the nagging parent. My high-achieving high school senior was too overwhelmed to work on her college applications. I developed a plan to get her college-ready.
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Comerica sues CFPB over investigation into prepaid card program The Dallas-based bank is accusing the Consumer Financial Protection Bureau of "pursuing an aggressive and overreaching investigation" into its role in a Treasury Department prepaid card program.
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What Trump's win means for the consulting industry

Business Insider - 13 Nov 2024 23:37
What Trump's win means for the consulting industry Donald Trump's presidency could lead to a boost in demand for consulting services
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Cisco sees product orders accelerate in the AI era, and its outlook moves higher Networking company sees a 20% boost in product orders for the latest quarter.
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