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Business News

Location American Business News for 19 December 2024

BRICS vs Trump: The Battle Over the Dollar Heats Up

Bitcoin.com - 19 Dec 2024 06:30
BRICS vs Trump: The Battle Over the Dollar Heats Up Russia criticized U.S. threat diplomacy as BRICS advances efforts to reduce reliance on the dollar, citing flawed U.S. policies and escalating global economic tensions. Russia Calls Out US ‘Threat Diplomacy’ Amid Dol...
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El Salvador scales back bitcoin bet to get $1.4bn loan The Central American nation agreed to scale back its controversial bitcoin policy to help secure a loan agreement.
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How Macy's can turn around its business as department store struggles Shares of Macy's have fallen more than 16% over the past year.
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Jobless claims subside after Thanksgiving pop and give off good vibes for U.S. economy Jobless claims are the early-warning radar for the U.S. economy, and they still show no trouble on the horizon. The number of Americans who applied for unemployment benefits in middle of December fell to a low 220,000.
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U.S. Natural Gas Futures Rise Ahead of Storage Data

Wall Street Journal - 19 Dec 2024 15:49
U.S. natural gas futures were higher ahead of the EIA's weekly storage report, with gains supported by a cold shot that's likely to lift demand into the weekend.
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Bank of England Holds Rates as U.K. Inflation Rises Amid Economic Uncertainty Stubborn inflation, tax rises and high interest rates makes it difficult for many to muster optimism, at least in the short term.
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BTC reclaims $100K but weekly chart forming 'bearish engulfing' candlestick Bitcoin briefly dipped below $100,000 after hawkish comments from the US Federal Reserve, with an analyst suggesting its price is forming a bearish pattern on the week.
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Bitcoin's Astronomical Returns: 14,211 New Millionaires and 4 New Billionaires Emerge Bitcoin’s surge past $100,000 has created 14,211 new millionaires and four new billionaires, a new study NFT Evening has revealed. Bitcoin Investors Outshine Blue-Chip Stock Investors According to findings from an NFT ...
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Republicans in Congress withdrew a spending bill that would've funded the government until mid-March after pressure from Elon Musk.
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ChatGPT can now support more coding platforms and applications on its desktop apps, opening the door for more agentic use in the future.
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Investor lawsuit filed against Hawk Tuah memecoin creators, partners "The HAWK Token exhibits all the characteristics of an unregistered security under established legal precedent," litigants claimed.
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Rupert Murdoch's Appeal to Alter Family Trust Faces Uphill Battle Mr. Murdoch's appeal over whether he can consolidate his son Lachlan's power over his media empire is due just before Christmas.
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William J. Hennessy Jr., Sketch Artist of Courtroom Drama, Dies at 67 His lively drawings of historic Supreme Court arguments, impeachment trials and murder cases gave the public a peek into venues where cameras were banned.
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A Bitcoin Reserve Act may end crypto's 4-year boom-bust cycle The Bitcoin Reserve Act could break the Halving cycle. Is this four year cycle going to play out differently, will we enter the mythical Supercycle?
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Artificial Intelligence in 2030

The New York Times - 19 Dec 2024 23:45
Artificial Intelligence in 2030 At the DealBook Summit, ten experts in artificial intelligence discussed the greatest opportunities and risks posed by the technology.
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These tips for investing in mutual funds and ETFs can help you through the market's 'Santa slump' Focus on the long term with these funds and fund managers' stock picks.
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American Airlines Settles Racial Discrimination Case

The New York Times - 19 Dec 2024 23:38
American Airlines Settles Racial Discrimination Case Three Black men had accused the airline of wrongly forcing them to get off a plane for an hour because of a complaint about body odor.
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Some Wall Street dealmakers see a return of 2021's outrageous deal volumes. Here's where banks are staffing up most.
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Nike's CEO touts 'immediate action' to please shareholders. Shares are rallying after earnings. Shares of Nike Inc. rallied after hours on Thursday after the sneaker maker reported quarterly results that topped expectations, following a big leadership shakeup at the company earlier this year.
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Machine Learning in Focus as Chainalysis Acquires Hexagate Blockchain surveillance firm Chainalysis has acquired Hexagate, a Web3 security company focused on the real-time identification and mitigation of blockchain threats, marking a pivotal advancement in blockchain security i...
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Chopra calls on FDIC to step up AML enforcement after TD case TD Bank Group's money-laundering-related crimes have sparked questions of how banks should be penalized for moving dirty money. CFPB Director Rohit Chopra said the FDIC should do more.
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In Elon Musk's world, Twitter (X) is real life

Business Insider - 19 Dec 2024 23:29
Elon Musk helped kill a major government funding bill just days after Trump allies used X to help salvage a Trump cabinet nomination.
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