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Business News

Location American Business News for 2 December 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
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Analyst warns of 'leverage driven' XRP pump as token flips Tether XRP could be in the midst of a "leverage-driven" pump as the price of the asset soars to reach new yearly highs.
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Michael Saylor Claims He Can Convince Warren Buffett to Buy Bitcoin Using Berkshire's $325B Cash Berkshire 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 Convi...
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Intel ousts CEO Gelsinger with stock down 61% during his tenure Intel is "committed to restoring investor confidence," its independent board chair said Monday.
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Middle-manager roles disappearing further complicates the ongoing retirement crisis Corporate America is cutting middle management jobs. That's bad news for Gen Xers who are already having a tough time saving for retirement.
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Why Nvidia and other chip stocks are mostly shrugging off latest China rules The U.S. government's latest export restrictions on semiconductor technology to China were telegraphed in advance and aren't as severe as once feared.
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All of Wall Street expects stocks to rise -- and that view may be too cautious Projected earnings growth, if delivered, could render a bullish Wall Street actually being too cautious.
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Biden fires a parting shot at China's chip industry ahead of Trump's second term The US has introduced export restrictions to 140 Chinese semiconductor companies to curb the growth of its AI industry.
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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.
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Hedge Fund Paloma Partners Offers IOUs to Fleeing Investors

Wall Street Journal - 2 Dec 2024 23:59
The firm is seeing an exodus of investors after years of lackluster returns and executive turnover.
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Fed official calls for simpler, forward-looking monetary framework Federal 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.
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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.
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Zscaler's post-earnings stock drop further bucks 2024's rally by software sector Zscaler's stock was down on the year prior to earnings, while an ETF tracking the software sector had rallied 29%
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Fed's Waller says he supports interest-rate cut at next meeting -- for now Federal 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.
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Trump's tax plans: Housing credits 'in play,' and there's buzz over a short extension for expiring cuts One 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 ...
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Freshworks Appoints Srinivasan Raghavan as Chief Product Officer

Small Business Trends - 2 Dec 2024 23:34
Freshworks has appointed Srinivasan Raghavan as Chief Product Officer to drive AI-powered innovation and scale its customer and employee experience solutions.
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USS Stockdale has had to fight off Houthi missiles three times in as many months, a US defense official said.
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Best Cyber Monday iPhone deals: Last chance to get an iPhone 16, iPad, and Apple Watch all for free The best Cyber Monday iPhone deals still available include a limited-time Verizon bundle featuring an iPhone 16, Apple Watch, and iPad for free.
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Trump's inauguration could mark local top for crypto, research shows Historically, markets outperform after presidential elections and then stall once the President-elect takes office, data shows.
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Bitcoin ETFs Hit $6.3 Billion Inflows in November

Bitcoin.com - 2 Dec 2024 23:10
Bitcoin ETFs Hit $6.3 Billion Inflows in November November saw total inflows for bitcoin exchange-traded funds (ETFs) surpass previous monthly records, reflecting heightened institutional and retail interest. Record Month for Bitcoin ETFs November 2024 marked a signific...
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"At present I lean toward supporting a cut to the policy rate at our December meeting," Fed Governor Christopher Waller said on Monday.
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Luxury for Lunch: Louis Vuitton Unveils New Restaurant Concept in NYC Flagship Hungry for luxury, Louis Vuitton fans? Head to 57th Street in New York to not only shop the brand's fashionable creations but eat them too. Louis Vuitton has opened a new five-floor flagship designed to combine luxury re...
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