Business and Finance

financial news, stocks, investing, and market trends, as well as stories on major companies and their leaders.

Climate impact of El Nino will affect coffee supply from Vietnam, Indonesia and Brazil

Business and Finance

[colabot1] A cup of Espresso coffee in Cascais, Portugal, on October 11, 2021. Nikolas Kokovlis | Nurphoto | Getty Images Severe weather caused by the approaching El Nino is fueling concerns that robusta beans from major coffee producers like Vietnam and Indonesia could be hit, driving prices soaring. “The now widely expected transition to El …

Climate impact of El Nino will affect coffee supply from Vietnam, Indonesia and Brazil Read More »

After the debt ceiling agreement, Dow could be ready to dominate the market

Business and Finance

[colabot1] CNBC’s Jim Cramer explained that last week’s debt cap resolution may have paved the way for a resurgence in the Dow, even though the index closed down about 200 points on Monday. “With default fears on the table, perhaps this is a market where the mighty Dow can actually lead again,“ Cramer said. He …

After the debt ceiling agreement, Dow could be ready to dominate the market Read More »

Labor issues at west coast ports persist, trucks turned away, workers fired

Business and Finance

[colabot1] A container ship is shown at the Port of Los Angeles in Los Angeles, California, November 22, 2021. Mike Blake | Reuters Just hours after West Coast ports reopened on Monday following multiple closures that began at the Port of Oakland last Friday when some union workers refused to report for assignments, problems remain …

Labor issues at west coast ports persist, trucks turned away, workers fired Read More »

Meta-Apple rivalry enters new phase as tech giants tackle headphones

Business and Finance

[colabot1] Mark Zuckerberg, Managing Director of Meta Platforms Inc., demonstrates Meta Quest Pro during the Meta Connect virtual event in New York, United States, Tuesday, October 11, 2022. Michael Nagle | Bloomberg | Getty Images Meta founder Mark Zuckerberg and Apple CEO Tim Cook has spent the past few years arguing over internet privacy and …

Meta-Apple rivalry enters new phase as tech giants tackle headphones Read More »

How a new lithium mining technology could help us reach electric vehicle goals

Business and Finance

[colabot1] The world contains large amounts of lithium, an essential component of electric vehicle batteries. And although lithium is usually mined from hard rock, the majority of the world’s lithium reserves are actually found in brine, extremely salty water below the Earth’s surface. Today, brine mining involves evaporating brine in massive, extravagantly colored pools over …

How a new lithium mining technology could help us reach electric vehicle goals Read More »

Bitcoin drops below $26,000 after SEC sues crypto exchange Binance

Business and Finance

[colabot1] The deteriorating macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on the price of bitcoin this year. STR | Nurphoto via Getty Images Cryptocurrency prices fell on Monday after the United States Securities and Exchange Commission accused Binance, the world’s largest cryptocurrency exchange, of violating securities laws. …

Bitcoin drops below $26,000 after SEC sues crypto exchange Binance Read More »

SEC Sues Binance and CEO Changpeng Zhao for US Securities Violation

Business and Finance

[colabot1] The Securities and Exchange Commission filed 13 charges against Binancethe world’s largest crypto exchange, and its founder, Changpeng Zhao, alleging that they both mixed billions of dollars in user funds and sent them to a European company controlled by Zhao. The U.S. regulator alleged on Monday that Zhao and his exchange worked to subvert …

SEC Sues Binance and CEO Changpeng Zhao for US Securities Violation Read More »

JPMorgan Chase CEO Jamie Dimon has ‘no intention’ of running for office

Business and Finance

[colabot1] JPMorgan Chase CEO Jamie Dimon talks to reporters as he leaves the U.S. Capitol after an unannounced meeting with U.S. Senate Majority Leader Schumer who reportedly raised the possibility that the U.S. will not not repay their debt, in front of the United States Capitol in Washington, United States, on May 17. 2023. Evelyn …

JPMorgan Chase CEO Jamie Dimon has ‘no intention’ of running for office Read More »

Democrats warn Musk after Twitter security chiefs leave

Business and Finance

[colabot1] Senator Elizabeth Warren, Democrat of Massachusetts, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, U.S., Tuesday, May 16, 2023. Al-Draco | Bloomberg | Getty Images Twitter’s recent key departures could land the platform in hot water with the Federal Trade Commission if it cannot comply with an earlier …

Democrats warn Musk after Twitter security chiefs leave Read More »

Air travel will be disrupted by ‘very frustrating’ supply chain issues, says IATA’s Willie Walsh

Business and Finance

[colabot1] Supply chain issues will impact air travel in 2023, IATA’s chief executive says. Juliet Michel | AFP | Getty Images Air transport will be affected by “very frustrating” supply chain issues this year, according to Willie Walsh, chief executive of the International Air Transport Association, as he discussed the challenges facing the aviation sector. …

Air travel will be disrupted by ‘very frustrating’ supply chain issues, says IATA’s Willie Walsh Read More »

China towards a stagnation similar to Japan? Macquarie says the worst is behind

Business and Finance

[colabot1] A food delivery man sits outside a restaurant in a mall in Beijing on May 30, 2023. Jade Gao | AFP | Getty Images BEIJING — China’s economic recovery from the pandemic is expected to broaden, meaning the country is not yet heading for Japanese-style stagnation, according to Larry Hu, Macquarie’s chief China economist. …

China towards a stagnation similar to Japan? Macquarie says the worst is behind Read More »

Erdogan’s new minister has markets hoping for Turkey’s orthodoxy

Business and Finance

[colabot1] Turkish President Recep Tayyip Erdogan has named former economics chief Mehmet Simsek as his new treasury and finance minister. Source: World Economic Forum During the presentation of his new cabinet, Turkish President Recep Tayyip Erdogan named former head of economy Mehmet Simsek as the new Treasury and Economy Minister, which has led to some …

Erdogan’s new minister has markets hoping for Turkey’s orthodoxy Read More »

Exit mobile version