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Business News

Location American Business News for 23 December 2024

Oil Rises Amid Low Inventories

Wall Street Journal - 23 Dec 2024 05:24
Oil prices rose in early Asian trading amid low inventories.
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Starbucks workers expand strike in US cities, including New York Starbucks workers have expanded their strike to four more US cities, including New York, the union representing over 10,000 baristas said late on Saturday.
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A federated digital dollar is key to sustaining US economic leadership The U.S. is risking the status of the dollar as the world's reserve currency by delaying the launch of a central bank digital currency. Adopting a "federated" version of a CBDC could answer the concerns of many skeptics.
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Nordstrom to go private after doing the math on facing bigger rivals Retailer has been publicly traded since 1971 but said it sees better growth prospects ahead as a private business.
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MicroStrategy paid well over $100,000 per coin in its latest bitcoin purchases MicroStrategy's stock falls after the sale of $561 million worth of shares was used to buy bitcoin at more than $106,000 each.
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After $775 million Tether investment, Rumble's tender offer should alleviate investor liquidity concerns, analyst says Video platform Rumble announced a $775 million investment from crypto giant Tether on Friday.
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Honda and Nissan have made merger talks official. Why Honda's U.S.-listed shares are flying. Honda was looking at the second-biggest one-day percentage gain since Oct. 28, 2008.
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China's EV Boom Is Starting to Pinch Oil Producers

Wall Street Journal - 23 Dec 2024 14:00
Big, integrated oil companies could face a double whammy from the shift in China's car market.
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Bitcoin sees first major weekly price decline since Trump's election win Bitcoin is now down around 11% after reaching its all-time high price of $108,135 on Dec. 17.
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Binance Founder CZ Warns: Receiving Crypto This Way Could Instantly Empty Your Wallet Crypto owners risk losing everything by accepting assets via shared private keys or pre-configured wallets, warns Binance's former CEO, CZ, emphasizing the danger of shared access. CZ Cautions Crypto Users--A Simple Tran...
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Chinese Shares Open Mixed; Oil & Bank Stocks Rise

Wall Street Journal - 23 Dec 2024 03:56
Chinese shares opened mixed, with oil and bank stocks leading gains.
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XRP Lawsuit Reaches 4 Years as Ripple Pushes Trump to Reform SEC Ripple is calling on the SEC to rebuild trust as its four-year legal fight over XRP persists, with hopes for policy shifts under incoming leadership. Ripple Urges SEC to Rebuild Credibility Amid XRP Lawsuit Ripple remain...
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A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now? Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people's bank accounts or sent in the mai...
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DexCom, Abbott Agree to Settlement in Patent Litigation

Wall Street Journal - 23 Dec 2024 23:56
DexCom, Abbott Agree to Settlement in Patent Litigation The companies have been involved in global patent litigation, with both having accused the other of infringing certain patents, and each has filed counterclaims and actions to invalidate the other party's patents.
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Auto & Transport Roundup: Market Talk

Wall Street Journal - 23 Dec 2024 23:56
Auto & Transport Roundup: Market Talk Read about Winnebago, Trump's pick for administrator of the Federal Railroad Administration and more in the latest Market Talks covering Auto and Transport.
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Here's how GE Healthcare overcame challenges of 2D and created the industry's first full-body 3D MRI research foundation model.
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CFPB Sues Rocket Homes Over Alleged Kickbacks

Wall Street Journal - 23 Dec 2024 23:54
CFPB Sues Rocket Homes Over Alleged Kickbacks The lawsuit alleged that the real-estate company provided incentives to brokers and agents to steer home buyers to its parent company's mortgage-lending wing, Rocket Mortgage.
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The most powerful news photos of the year

Business Insider - 23 Dec 2024 23:50
The most powerful news photos of the year The most powerful news photos of 2024 show historic moments in politics, global conflicts, natural disasters, and other headline-making events.
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A timeline of OpenAI's rocky 2024

Business Insider - 23 Dec 2024 23:43
A timeline of OpenAI's rocky 2024 OpenAI's biggest moments in 2024 included lawsuits, Sam Altman's comeback, a historic funding round, and a legal fight with Elon Musk.
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Fed to consider changes to stress testing

American Banker - 23 Dec 2024 23:38
Fed to consider changes to stress testing The Federal Reserve will seek comment on the current stress-testing regime with an eye toward increasing transparency and reducing volatility. Modifications would not go into effect until at least 2026.
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Aave mulls Chainlink integration to return MEV fees to users The DeFi protocol aims to capture around 40% of MEV profits from adding Chainlink's new oracle service.
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Unichain Roadmap to Mainnet Unveiled: Permissionless Fault Proofs on Day One Uniswap's Unichain developers revealed the official roadmap for Unichain's transition to a public mainnet, emphasizing decentralization and strong fault tolerance. Developers Announce Unichain Public Mainnet Launch Strat...
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