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Business News

Location American Business News for 4 Dec 2024

Glossier's new CEO saidKyle Leahy, the new CEO of the cult beauty brand Glossier, said that listening to customers on key issues helped her turn the company around.
Elon Musk's Tesla pay-packageWith his whopping pay package still tied up in legal limbo, Tesla Chief Executive Elon Musk could begin to push for the controlling stake he once said he wanted in the electric-vehicle maker.
Children Worked DangerousQvest Sanitation was ordered to pay nearly $172,000 after the Labor Department found it had employed 11 children to clean equipment on overnight shifts at a pork processing plant in Sioux City, Iowa.
Intel's CEO exit reignites discussions on splitting off factories, with questions about financial recovery and CHIPS Act funding.
Dow Jones up 235 points atWall Street's main indexes opened higher on Wednesday, with the benchmark S&P 500 and the Nasdaq hitting all-time highs as investors focused on upcoming economic data as well as remarks from Federal... Reserve Chair Jerome Powell.

Amazon Sued Over Slow Deliveries to Low-Income Areas

The New York Times - 4 Dec 2024 15:43
Amazon Sued Over SlowThe District of Columbia's attorney general said the company deliberately outsourced Prime member deliveries in certain ZIP codes.
Potential homebuyers are responding to lower mortgage rates and a higher supply of homes for sale.
JetBlue offers fresh sign ofJetBlue raises its guidance to reflect higher-than-expected bookings in November and December.
Foot Locker fell short of Wall Street expectations and cut its guidance after sales declined more than expected.
Martial law causes BitcoinOne analyst said South Korea's limiting of the market to a few players caused a sudden decrease in liquidity.
Oil prices tick higher asOil futures rose slightly on Wednesday, finding support as investors look ahead to a meeting of the Organization of the Petroleum Exporting Countries and its allies this week that's expected to... further delay the lifting of production curbs and as the U.S. deepened sanctions on Iranian exports.
Salesforce made clear that Agentfoce, its new AI offering, can kickstart revenue growth in the quarters ahead.
XRP on Fire: Falconx ReportsXRP trading has surged dramatically, with Falconx, an institutional digital asset prime broker, reporting a tenfold increase in volumes during Q4, driven by institutional investors. Austin Reid,... global head of revenue and business at Falconx, stated: “XRP trading is on fire. We’ve seen 10x growth in volume at Falconx between the first and second halves […]
Japanese stocks may trade rangebound as uncertainty continues over the pace of the Bank of Japan's rate increases.
South Korea Vows to Crack DownSouth Korea’s financial regulator says it is taking steps to combat money laundering and other financial crimes involving virtual assets. Virtual Assets and Financial Crime The head of South... Korea‘s financial services industry regulator recently vowed to crack down on those who use virtual assets for money laundering. Speaking at Anti-Money Laundering Day, Kim Byung-hwan, […]

McDonald's E. Coli Outbreak Declared Over

The New York Times - 4 Dec 2024 00:54
McDonald's E. Coli OutbreakFederal health agencies closed their investigations into the bacterial outbreak that sickened 104 people and was linked to onions on the fast-food chain's signature Quarter Pounders.
Salesforce earnings may serveSalesforce's stock rises after a revenue beat that could signal healthy spending trends in the industry.
Prince Harry Vows to KeepThe British royal says his legal battle against parts of the media is about "accountability" and defending legitimate journalism.
Costco's November online salesCostco Wholesale Corp. on Wednesday reported November sales growth that slowed from the prior month, as lower gas prices weighed on consumers and e-commerce sales took a hit due to a shift in the... timing of some big online holiday deals.
Dow closes above 45K for firstPowell "was very upbeat about economy, and he said we're making progress on inflation... that's good news for stocks in general," an economist said.
MicroStrategy's bitcoin betA weekly look at the most important news and moves in crypto, and what's on the horizon in digital assets.
The groups worked with money launderers to convert bulk deliveries of cash into cryptocurrencies for clients, U.S. and U.K. law enforcement agencies said.
'I hate to be the interfering"I asked him if he was also on the deed. He said yes."
I sailed on Royal Caribbean'sRoyal Caribbean's new second-largest cruise ship is exclusively operating short voyages. There are more activities than guests can do in four days.
Trump taps antitrust hawk GailSlater will take over a number of high-profile cases in which some of the world's largest companies are accused of illegally building and protecting monopolies.