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Business News

Location American Business News for 20 November 2024
Google pays Apple at least $20 billion a year to make its search engine the default on iPhones. That could soon change, Peter Kafka writes.
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Comcast to spin off MSNBC, CNBC, entertainment channels as streaming dents cable: sources Comcast would retain NBCUniversal's NBC broadcast television network, its film and television studios and its theme parks, as well as its Peacock streaming service.
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Nvidia's stunning 2024 return has all the makings of a stock-market dynasty Similarities abound to Michael Jordan and the Chicago Bulls -- only this time for Nvidia bulls.
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Weight loss drug makers still have huge upside, and the market overreacted to RFK Jr. named to top health role, BMO says Investors are fearful RFK Jr.'s critical stance on weight loss drugs could impact pricing or Medicare coverage, but BMO says his role will have limited impact.
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Tariffs Aren't the Only Trump Threat Facing Asian Economies

Wall Street Journal - 20 Nov 2024 16:00
Expectations of higher inflation resulting from Trump's policies are pushing the dollar higher, creating problems for Asia's central banks.
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Target's CEO says 'consumers continue to spend cautiously' amid triple-miss earnings report Target's stock set to suffer worst day in more than two years after profit, revenue, comparable sales and outlook all came in below expectations.
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The Free Roger Movement Gains Momentum

Bitcoin.com - 20 Nov 2024 15:45
The Free Roger Movement Gains Momentum The arrest and extradition battle of Roger Ver has ignited the #FreeRoger movement, a grassroots campaign calling attention to what advocates see as the misuse of legal systems to suppress dissent and punish individuals ...
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Why Visa's making it easier to access a credit card alternative By adding Affirm, major now/pay later partner, to its Flexible Credential, the payment network is deepening its embrace of a popular product that's not going away.
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A man hid 5 boxes across the US with more than $2 million worth of treasure inside An early bitcoin investor concealed the chests, which include bitcoin, antiques, and an emerald, and published a book with clues to find them.
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Musk's 'DOGE' commission wants to cut trillions in government spending. Social Security and Medicare make prime targets. Voters said they've had enough hardship. But Elon Musk says more is needed.
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North Korea appears to be sending its powerful howitzers to the Ukraine war, where artillery has been king North Korea has reportedly transferred 170mm self-propelled howitzers and 240mm multiple rocket launch systems to Russia.
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Palo Alto Networks' beat and raise wasn't enough for investors. Here's what was missing. Merely in-line expectations for cybersecurity company's fiscal year drags on the stock.
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Snowflake's stock flies higher as software company's outlook impresses Snowflake's last three earnings reports spurred negative stock reactions, but investors seem to like the company's upbeat guidance this time around
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Reddit Says It Is Working to Resolve Outage

The New York Times - 20 Nov 2024 23:49
Reddit Says It Is Working to Resolve Outage Tens of thousands of users reported that the website and app were inaccessible starting just before 3 p.m. Eastern on Wednesday.
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Reg Murphy, Newspaper Editor Whose Kidnapping Riveted the U.S., Dies at 90 He made his mark on newspapers in Atlanta, San Francisco and Baltimore, but may be best known for having been abducted in Atlanta in 1974.
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Another bullish call for stocks in 2025. Wells Fargo raises S&P 500 target on strong economy, Trump's policy changes. Another Wall Street firm is increasing its S&P 500 target for next year, with a view that stocks are poised to extend their bull-market run to at least the end of 2025
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Indian billionaire Gautam Adani indicted over alleged bribery, hiding scheme from US investors The US Attorney's Office in Brooklyn said Gautam Adani and two others agreed between 2020 and 2024 to pay more than $250 million in bribes to Indian government officials to obtain solar energy supply contracts.
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Onchain Analyst: Binance Taps Cold Wallet Reserves as Bitcoin Outflows Spike According to the creator of timechainindex.com, Binance, one of the leading cryptocurrency exchanges, has recently experienced “significant outflows.” This activity has reportedly prompted the platform to tap into it...
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SEC Distributes $4.6M to BitClave Investors

Coin Desk - 20 Nov 2024 23:35
SEC Distributes $4.6M to BitClave Investors Some investors in defunct crypto startup BitClave will soon get their money back, plus interest, according to a Wednesday announcement from the U.S. Securities and Exchange Commission (SEC).
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With a musical return to Oz and a bloody epic of ancient Rome, Hollywood studios double down on blockbuster spectacle.
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Here's What You Need to Know About Karoline Leavitt, Donald Trump's New Press Secretary Karoline Leavitt will be the new White House press secretary when Donald Trump takes office in January. At 27, she'll be the youngest person to serve in that role, but she's familiar with the job, having worked as an ass...
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Everything to know about Vivek Ramaswamy, co-lead of the Department of Government Efficiency with Elon Musk Vivek Ramaswamy will co-lead Trump's Department of Government Efficiency with Elon Musk. Learn more about his family, education, career and net worth.
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