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Top 100 Stories to Know for 4 Dec 2024 - United States

Oil Rises; Focus on OPEC+ Meeting

Wall Street Journal - 2 Dec 2024 03:43
Oil rose in early Asian trade with traders focus on the coming OPEC+ production policy meeting on Thursday
Belgium's sex workers getThey will be entitled to official employment contracts, health insurance and sick days.
Bitcoin, Not BRICS, Is theWharton’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 dealThe judge said the pay package would have been the largest ever for the boss of a listed company.
Jaguar releases a concept forJaguar 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 bankerStephens 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 inAn Enron parody backed by a t-shirt company seemingly announced the disgraced energy company's return to business on Monday.
Analyst warns of 'leverageXRP 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 CanBerkshire 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% BRICSDonald 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 $10BMeta 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 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.
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 […]
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.
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.
Intel's CEO exit reignites discussions on splitting off factories, with questions about financial recovery and CHIPS Act funding.
Salesforce earnings may serveSalesforce's stock rises after a revenue beat that could signal healthy spending trends in the industry.
Microsoft's Bitcoin dilemma:Microsoft'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 ofIn a widely anticipated announcement, BlackRock said it had reached an agreement to buy HPS Investment Partners for $12 billion in stock.
Brazil Groups Stablecoins WithThe 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 beyondTerns 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.