Popular Business News this Month
Top 100 Stories to Know for 4 Dec 2024 - United States
Oil Rises; Focus on OPEC+ Meeting
Wall Street Journal - 2 Dec 2024 03:43Oil rose in early Asian trade with traders focus on the coming OPEC+ production policy meeting on Thursday
Belgium's sex workers get maternity leave and pensions under world-first law
BBC - 1 Dec 2024 03:10They will be entitled to official employment contracts, health insurance and sick days.
Bitcoin, Not BRICS, Is the True Threat to US Dollar Reserve, Warns Wharton Professor
Bitcoin.com - 3 Dec 2024 03:45Wharton’s Jeremy Siegel called Trump’s 100% BRICS tariffs ironic, noting bitcoin—which Trump backs—is a bigger threat to the dollar as a global reserve. Wharton Professor:... Trump’s Bitcoin Advocacy Contradicts BRICS Tariff Threats Jeremy Siegel, professor emeritus of finance at the Wharton School, commented Monday on President-elect Donald Trump’s plan to impose 100% tariffs on BRICS […]
Musk's record $56bn pay deal rejected for second time
BBC - 3 Dec 2024 03:07The judge said the pay package would have been the largest ever for the boss of a listed company.
Jaguar releases a concept for its new EV model after a controversy over its rebranding — which didn't feature a car
Business Insider - 3 Dec 2024 03:01Jaguar has unveiled its "Type 00" concept car after a controversial rebranding campaign some critics called "woke." It's moving to an all EV lineup.
Trump names billionaire banker Warren Stephens as envoy to Britain
New York Post - 3 Dec 2024 02:18Stephens is the chairman, president and CEO of Little Rock, Arkansas-based financial services firm Stephens Inc., having taken over the firm from his father.
Enron announces return in elaborate prank by new owner: 'We're back. Can we talk?'
New York Post - 3 Dec 2024 00:04An Enron parody backed by a t-shirt company seemingly announced the disgraced energy company's return to business on Monday.
Analyst warns of 'leverage driven' XRP pump as token flips Tether
Coin Telegraph - 2 Dec 2024 03:35XRP could be in the midst of a "leverage-driven" pump as the price of the asset soars to reach new yearly highs.
Michael Saylor Claims He Can Convince Warren Buffett to Buy Bitcoin Using Berkshire's $325B Cash
Bitcoin.com - 2 Dec 2024 03:30Berkshire 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 Convince Warren Buffett Michael Saylor, co-founder and executive chairman of software intelligence firm Microstrategy (Nasdaq: MSTR), criticized the cash management strategy of Warren Buffett’s […]
Donald Trump's 100% BRICS Tariff threats: How India could be affected in a renewed trade war
The Economic Times - 1 Dec 2024 06:03Donald Trump's return to the White House has prompted concerns of a renewed global trade conflict, with the US president-elect threatening 100% tariffs on BRICS countries, including India. These... tariffs, if imposed, could severely disrupt India's trade relations, particularly in sectors like pharmaceuticals, textiles, and IT. While India may not be Trump's primary target, the global trade landscape is poised for significant changes, as protectionist policies may lead to wider economic instability.
Meta plans to build $10B globe-spanning undersea internet cable: report
New York Post - 1 Dec 2024 05:42Meta is expected to annoounce its plan to lay over 25,000 miles of fiber optic cables under the sea, which could cost more than $10 billion next year.
Glossier's new CEO said listening to customers on these 3 things helped her overhaul the beauty company
Business Insider - 4 Dec 2024 03:42Kyle Leahy, the new CEO of the cult beauty brand Glossier, said that listening to customers on key issues helped her turn the company around.
Salesforce surges on revenue beat, AI growth prospects - here's our new price target for the stock
CNBC - 4 Dec 2024 02:54Salesforce made clear that Agentfoce, its new AI offering, can kickstart revenue growth in the quarters ahead.
XRP on Fire: Falconx Reports Explosive 10x Growth in Trading
Bitcoin.com - 4 Dec 2024 02:30XRP 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 […]
Elon Musk's Tesla pay-package fight is back in the spotlight, but here's an even bigger issue
Market Watch - 4 Dec 2024 02:13With 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 Dangerous Shifts at Iowa Slaughterhouse, Inquiry Finds
The New York Times - 4 Dec 2024 01:56Qvest 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.
Nikkei May Trade Rangebound Amid Uncertainty Over BOJ Policy
Wall Street Journal - 4 Dec 2024 01:49Japanese stocks may trade rangebound as uncertainty continues over the pace of the Bank of Japan's rate increases.
South Korea Vows to Crack Down on Crypto Money Laundering
Bitcoin.com - 4 Dec 2024 01:37South 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 00:54Federal 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.
Intel's next CEO needs to decide the fate of its chip fabs
Business Insider - 4 Dec 2024 00:54Intel's CEO exit reignites discussions on splitting off factories, with questions about financial recovery and CHIPS Act funding.
Salesforce earnings may serve as latest shot in the arm for software stocks
Market Watch - 4 Dec 2024 00:08Salesforce's stock rises after a revenue beat that could signal healthy spending trends in the industry.
Microsoft's Bitcoin dilemma: Ride $5 trillion BTC wave or avoid risk
Coin Telegraph - 3 Dec 2024 16:00Microsoft's shareholders will soon vote on adding Bitcoin to its balance sheet. Will Michael Saylor's pitch Orange Pill the tech giant? What are the stakes and risks?
Predicting doubling of private-credit market, BlackRock strikes $12 billion deal for HPS
Market Watch - 3 Dec 2024 15:53In a widely anticipated announcement, BlackRock said it had reached an agreement to buy HPS Investment Partners for $12 billion in stock.
Brazil Groups Stablecoins With Foreign Currency in New Regulatory Draft
Bitcoin.com - 3 Dec 2024 15:30The Central Bank of Brazil has opened a public consultation on a regulatory draft that correlates the treatment of dollar-pegged stablecoins with foreign currency. The proposed rules, which will now... be discussed with relevant stakeholders in the national cryptocurrency ecosystem, would require exchanges dealing in stablecoins to obtain two different operating licenses: one as a […]
Terns Pharma broadens beyond obesity drugs with upbeat data in leukemia trial
Market Watch - 3 Dec 2024 15:04Terns Pharmaceuticals Inc.'s stock jumped 7.5% premarket Tuesday, after the company announced positive data from an early-stage trial of a treatment for chronic myeloid leukemia.