Business

Analysis-Choppy waters as Europe navigates China-US rivalry By Reuters

2/2 © Reuters. FILE PHOTO: Maersk containers are stored at Zona Franca in Barcelona, Spain, November 3, 2022. REUTERS/Albert Gea//File Photo 2/2 By Mark John (Reuters) – At a World Trade Organization event in September, former British prime minister Gordon Brown voiced out loud the fear that has quietly started to echo in the halls …

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Bill Ackman open to Elon Musk’s X in new investment vehicle

Billionaire Bill Ackman would be interested in pursuing a deal with Elon Musk-owned X Corp. as part of a new investment vehicle, the Wall Street Journal reported. Pershing Square received regulatory approval on Friday for a new investment vehicle that targets private companies seeking to raise $1.5 billion or more, and potentially take them public. The product is a new class …

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US consumer confidence slides to four-month low; home sales tumble By Reuters

© Reuters. FILE PHOTO: A woman carries shopping bags during the holiday season in New York City, U.S., December 21, 2022. REUTERS/Eduardo Munoz/File Photo By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer confidence dropped to a four-month low in September, weighed down by persistent worries about higher prices and rising fears of a recession, though households …

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Would-be head of Minnesota marijuana agency resigns

The recently appointed director of Minnesota’s new marijuana regulatory agency Erin Dupree has resigned amid reports that she sold illegal cannabis products in the state. Dupree ran a business that sold products exceeding state limits on THC potency, owed money to former associates and accumulated tens of thousands of dollars in tax liens, Minnesota Public Radio …

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Warehouses Defy Real Estate’s ‘Doom Loop’ – Are They the New Game Changer?

102 In the ever-shifting tides of the real estate world, warehouses are emerging as the unsung heroes, navigating the turbulent waters of change with resilience and adaptability. As we delve into the intricate dance of supply, demand, and evolving market dynamics, one thing becomes crystal clear: Warehouses are far from sinking in the real estate’s …

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Former Andreessen Horowitz execs launch Bastion after $25M funding round By Cointelegraph

© Reuters. Two former executives from Andreessen Horowitz (a16z)’s crypto division have managed to raise $25 million in seed funding for their newly launched Web3 startup Bastion — despite the recent drought in venture capital funding. On Sept. 18, the new firm, Bastion, announced the launch of its product suite. The firm’s goal is to …

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California sues oil giants for deceiving public, downplaying risks

California sued major oil companies including Exxon Mobil Corp. and Shell Plc, saying they deceived the public for decades while creating or contributing to local climate catastrophes. The civil case, filed in superior court in San Francisco, also targets BP Plc, ConocoPhillips, Chevron Corp. and the American Petroleum Institute, according to a spokesperson at the attorney general’s office. The action includes some of …

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Next Year’s Adjustment Exceeds Expectations

56 Social Security recipients are poised to receive a more substantial cost-of-living adjustment (COLA) in the coming year than initially anticipated, as inflation continues to surge for the second consecutive month. Overview: Social Security beneficiaries could see a COLA increase of approximately 3.2% in their monthly checks next year, a projection based on August’s inflation …

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Olympics-LeBron interested in joining Team USA at 2024 Paris Games

© Reuters. FILE PHOTO: Apr 11, 2023; Los Angeles, California, USA; Los Angeles Lakers forward LeBron James (6) tosses up powder before playing against the Minnesota Timberwolves at Crypto.com Arena. Mandatory Credit: Gary A. Vasquez-USA TODAY Sports/File photo (Reuters) – LeBron James may have sat out the last two Olympics but the NBA’s all-time leading …

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