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Business News

Location American Business News for 2 Dec 2024

Oil Rises; Focus on OPEC+ Meeting

Wall Street Journal - 2 Dec 2024 03:43
Oil rose in early Asian trade with traders focus on the coming OPEC+ production policy meeting on Thursday
Analyst warns of 'leverageXRP could be in the midst of a "leverage-driven" pump as the price of the asset soars to reach new yearly highs.
Michael Saylor Claims He CanBerkshire Hathaway’s $325 billion cash reserve bleeds $32 billion yearly, Michael Saylor says, claiming that he could sway Warren Buffett to embrace bitcoin. Berkshire Buying Bitcoin? Michael... Saylor Claims He Can Convince Warren Buffett Michael Saylor, co-founder and executive chairman of software intelligence firm Microstrategy (Nasdaq: MSTR), criticized the cash management strategy of Warren Buffett’s […]
A lawyer breaks down howTrump has proposed ending birthright citizenship for children of undocumented immigrants, for one. And with a majority Republican Congress, he could move fast. Throughout his presidential campaign,... Donald Trump promised to enact the largest deportations of undocumented immigrants in history. He's also threatened to end birthright citizenship for children of undocumented immigrants and to denaturalize citizens. That’s even as 64% of Americans believe undocumented immigrants should have a legal path to citizenship if they meet certain requirements, such as a background check, according to a report from Pew Research.
Intel ousts CEO Gelsinger withIntel is "committed to restoring investor confidence," its independent board chair said Monday.
Middle-manager rolesCorporate America is cutting middle management jobs. That's bad news for Gen Xers who are already having a tough time saving for retirement.
Why Nvidia and other chipThe U.S. government's latest export restrictions on semiconductor technology to China were telegraphed in advance and aren't as severe as once feared.
All of Wall Street expectsProjected earnings growth, if delivered, could render a bullish Wall Street actually being too cautious.
Biden fires a parting shot atThe US has introduced export restrictions to 140 Chinese semiconductor companies to curb the growth of its AI industry.
News24 Business | AlexforbesShares in Alexforbes reached their highest level in seven years on Monday supported by a significant increase in new business for SA's largest pension fund administrator.
News24 Business | StandardSome users of Standard Bank's mobile banking app, internet banking platform and cellphone banking platforms were hit by disruptions on Monday morning.
Inox Green Energy, Inox WindIn a BSE filing, Inox Green Energy announced that the transaction on November 30 led to Aliento Wind Energy no longer being its subsidiary. It clarified that Nani Virani Wind Energy, a related party... controlled by significant beneficial owners, is not part of the company's promoter group.

Hong Kong Shares Rise 0.3% Amid Mixed China PMI Data

Wall Street Journal - 2 Dec 2024 03:54
Hong Kong's benchmark Hang Seng Index edged 0.3% higher to 19485.13 after earlier swinging between mild losses and gains following mixed China PMI data released over the weekend.
Growth expectations among UKExpectations negative for first time in 2024 as business confidence plummets since Rachel Reeves's budget Growth expectations among UK companies have taken "a decisive turn for the worse", in a fresh... blow to Rachel Reeves amid warnings that business confidence has plummeted since the budget. For the first time this year, expectations for growth have turned negative, according to the Confederation of British Industry's latest growth indicator, which shows that a majority of companies expect activity to decline in the three months to February.
Death of Meta's stablecoinUnited States Treasury Secretary Janet Yellen supposedly convinced Federal Reserve Chair Jerome Powell into killing the project, the former Meta executive said.
The firm is seeing an exodus of investors after years of lackluster returns and executive turnover.
Fed official calls forFederal Reserve Gov. Christopher Waller said the central bank's last framework review was too focused on the post-global financial crisis period and difficult to explain.
Canva's integration with ShotDeck provides creators direct access to over 1.5 million cinematic images, streamlining the creation of pitch decks and visual presentations.
Zscaler's post-earnings stockZscaler's stock was down on the year prior to earnings, while an ETF tracking the software sector had rallied 29%

How to Leap Mid-Career from One Industry to Another

Harvard Business Review - 2 Dec 2024 23:48
While the stakes are high, so is your potential to succeed.
Fed's Waller says he supportsFederal Reserve Governor Christopher Waller said Monday that as of today, he supports an interest-rate cut at the central bank's next meeting in a little over two weeks.
Trump's tax plans: HousingOne veteran analyst is predicting that housing tax credits will get included in the GOP's big tax package next year. Separately, some GOP lawmakers reportedly have talked about using the package to... extend their expiring 2017 tax cuts by four years.
Freshworks has appointed Srinivasan Raghavan as Chief Product Officer to drive AI-powered innovation and scale its customer and employee experience solutions.
USS Stockdale has had to fight off Houthi missiles three times in as many months, a US defense official said.
Best Cyber Monday iPhoneThe best Cyber Monday iPhone deals still available include a limited-time Verizon bundle featuring an iPhone 16, Apple Watch, and iPad for free.