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Business News

Location American Business News for 2 November 2026

FIFA Quietly Paid Millions in Gianni Infantinos Taxes

The New York Times - 2 Nov 2026 05:01
FIFA Quietly Paid Millions in Gianni Infantinos Taxes FIFA promises to disclose its executives compensation. But its under-fire president received tax benefits that were never made public, according to documents and interviews.
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Binance users withdraw $3.6bn after record crypto hack The exchange froze transactions in the wake of the incident, which impacted $6.3bn worth of digital assets.
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Blackrock, JPMorgan and Visa Bolster Grayscales Crypto Growth Case Grayscale points to tokenized funds and stablecoin payments as evidence that crypto is becoming embedded in mainstream finance. Its research chief argues that institutional adoption should help sustain the industrys prog...
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Cracks in the A.I. Borrowing Binge

The New York Times - 2 Nov 2026 12:36
Cracks in the A.I. Borrowing Binge Investors are growing increasingly concerned about the debt-fueled spending spree at the heart of the artificial intelligence buildout.
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This is the biggest threat to the AI-powered bull market Blockbuster earnings growth has helped to power the stock market higher in 2026. In 2027, that engine might stall.
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In the hunt for $1 trillion of revenue, SpaceX reportedly targets Boost Mobile for a deal In recent weeks there has been intense speculation surrounding SpaceX ambitions in the cellular market with multiple acquisition targets suggested; Boost Mobile is the latest
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Bitcoin Payment Processor Btcpay Hit by Hot Wallet Theft Reports Btcpay Server issued an emergency shutdown warning Nov. 1, 2026, after reports that attackers were draining bitcoin from hot wallets connected to self-hosted payment servers. Founder Nicolas Dorier linked the reported co...
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Tesla-SpaceX merger math just shifted in Tesla's favor Musk sees merit in combining Tesla and SpaceX, but Bank of America says the premium, the vote and China will decide what Tesla holders actually get.
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Binance says it's replenished losses after a record-breaking heist and will soon let users withdraw funds Binance said it tapped the company's coffers to replenish billions lost in unprecedented crypto hack.
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Oil prices dropped amid recent diplomatic efforts to revive peace negotiations between Washington and Tehran.
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Asian Currencies Mixed as Investors Await U.S. Economic Data

Wall Street Journal - 2 Nov 2026 01:08
Asian currencies were mixed in early morning trading. Investors are focusing on U.S. economic data due this week.
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Gold rose in early Asian trade but remains below the key $4,000 level.
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Apples new earnings era begins at a critical time for Big Tech A rare Monday earnings report for Apple will give investors a glimpse into how new CEO John Ternus is managing inflated memory prices and a tougher backdrop for consumer spending.
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Marvell and Lumentum shareholders unite in panning merger deal: Its a trash offer Shares of both companies fell Monday after Marvell said it reached an all-stock agreement to buy Lumentum.
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Beloved Disney ride to close after 33 years

The Street - 2 Nov 2026 23:37
Beloved Disney ride to close after 33 years One of Disneyland Paris's most popular attractions with long lines will close in January 2027 with no scheduled reopening date.
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Top 7 Product Demo Companies You Should Know

Small Business Trends - 2 Nov 2026 23:31
Top 7 Product Demo Companies You Should Know Discover the top 7 product demo companies that can elevate your marketing strategy. From innovative presentations to engaging demonstrations, learn which firms are leading the way in showcasing products effectively.
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Income Tax: Can married daughters keep gold jewellery at parents' home? ITAT ruling explains tax implications The Delhi ITAT deleted ₹1.13 crore in tax additions after accepting that 3.9 kg of jewellery found at a man's home belonged to his late wife and three married daughters. The ruling highlights how families can estab...
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Week 9 Fantasy Football Injury Report: Lamar Jackson, Jeremiyah Love, Michael Wilson And More We break down the biggest injury news that could shape your fantasy football lineup heading into Week 9.
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Goldman Sachs resets oil price target for 2027

The Street - 2 Nov 2026 23:17
Goldman Sachs resets oil price target for 2027 Goldman Sachs oil price forecast, Brent crude, and WTI targets are back in focus as Iran tensions and Middle East risks add uncertainty to the 2027 outlook.
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Apples Growth Machine Is Slowing. High Prices Might Not Save It. The companys shares fell as new CEO John Ternus warned that margins may weaken in future quarters.
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William Nordhaus Has Died. Nobelist Influenced Climate Policy. The Yale professor moved climate change into mainstream economic analysis.
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Gulf Economies, Torn by War in Iran, Desperately Need a Return to Normal States like Saudi Arabia and the United Arab Emirates that have worked to rebalance from a dependence on energy have seen growth plunge in a year of strife.
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