A major Japanese bank has announced its intention to create a cryptocurrency custody company in response to the global proliferation of cryptocurrencies. Sumitomo Mitsui Trust Bank, a giant Japanese f...
Tag: Business
Burning gas to produce electricity is ‘stupid,’ the CEO of power giant Enel says
Enel CEO Francesco Starace photographed in 2019. In an interview with CNBC on May 24, 2022, Starace said “you can produce electricity better, cheaper, without using gas.” Giulio Napolitano...
Best Buy (BBY) earnings Q1 2023
Customers shop at a Best Buy store on August 24, 2021 in Chicago, Illinois. Best Buy reported an increase in second-quarter sales of nearly 20% as consumers purchased electronics to adjust to lifestyl...
Major Japanese Bank Sumitomo Mitsui Trust to Launch Cryptocurrency Custody Business – Bitcoin News
Sumitomo Mitsui Trust, one of the major banking institutions in Japan, will reportedly enter the cryptocurrency custody business. The company is entering a partnership with Bitbank, a Tokyo-based cryp...
How Your Business Should Respond To Inflation
The phrase “there’s no playbook for this” was used ad nauseum the past couple of years, as businesses around the world faced shutdowns and supply chain shocks the likes of which have no precedent. Now...
JPMorgan Chase, Gap, VMWare & more
People pass the JP Morgan Chase & Co. Corporate headquarters in the Manhattan borough of New York City. Mike Segar | Reuters Check out the companies making headlines in midday trading. JPMorga...
Judge blocks auction of ‘Wizard of Oz’ dress by Catholic University
A blue and white checked gingham dress, worn by Judy Garland in the “Wizard of Oz,” hangs on display, Monday, April 25, 2022, at Bonhams in New York. Katie Vasquez | AP A federal judge in ...
SpaceX president Gwynne Shotwell defends Elon Musk over sex misconduct allegations
SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency&#...
Starbucks will exit Russia after 15 years, closing 130 licensed cafes
After 15 years operating in Russia, Starbucks will exit the market, joining companies like McDonald’s, Exxon Mobil and British American Tobacco in withdrawing from the country completely. The co...
How Do You Create A Resilient Small Business Sales Strategy?
How do small product businesses create a robust sales strategy? getty If ever there was an industry that needs to be resilient, it’s retail. And more than ever, after two years that have been full of ...
eBay jumps in NFT business with Wayne Gretzky’s help
eBay is taking a more active role in selling non-fungible tokens (NFTs) on its site. The first batch being collectible photos of NHL superstar Wayne Gretzky. They initially approved it for NFT purchas...
China oil demand must remain weak or we will have tough summer: IEA
Speaking to CNBC on Monday, the executive director of the International Energy Agency spoke about the intricacies of the energy transition and the competing challenges that will need to be balanced in...
Latest EU Sanctions Target Different Set Of Russia’s Business Elite
A man walks outside the headquarters of Yandex company, Russia’s internet search engine, in Moscow. … [+] The company’s shares were halted in New York and its cheif executive is sanc...
Elon Musk’s SpaceX looks to raise $1.7 billion in new funding
A Falcon 9 rocket launches a batch of Starlink satellites to orbit on April 29, 2022. SpaceX SpaceX is raising a massive round of fresh funding, CNBC has learned, sending the private company’s v...
U.S. roadway deaths rise, even as cars get safer
Cars and trucks are wedged together after a deadly multi-vehicle pileup on the ice covered I-35 in a still image from video in Fort Worth, Texas, February 11, 2021. NBC5 | via Reuters New vehicles on ...
Abbott CEO apologizes for baby formula shortage in Washington Post
The Abbott manufacturing facility in Sturgis, Michigan, on May 13, 2022. Jeff Kowalsky | AFP | Getty Images Abbott Laboratories CEO Robert Ford apologized Saturday in a new op-ed for his company’...
Dedicated leader of fashion goes back to business school
During the Covid pandemic, many people found themselves yearning to meet others and exchange ideas in person again. Christopher Koerber was lucky enough to do so. At the start of 2021, Koerber accepte...
Opinion: This plan to tax the ultrarich is much simpler and better than Biden’s idea
President Joe Biden and Senate Finance Committee Chair Ron Wyden (D-OR) have proposed different ways to tax unrealized capital gains every year. Their shared goal is understandable, with trillions of ...
‘The dip is your friend’: Why some advisers are telling young investors to buy stocks, despite stagflation fears roiling markets
How low can stocks go? This question has made investors nervous, as they fear one bottom after another. The answer: Pick a number. Some analysts say brace for further drops, others expect a bounce. Wa...
Nvidia’s data-center sales likely to eclipse gaming — that might not be a good thing
Nvidia Corp.’s data-center sales are expected to edge out its gaming sales in fiscal first-quarter results, as demand from server farms remains high and gaming interest has subsided from rabid levels ...
America’s small businesses aren’t ready for a cyberattack
Some of the highest profile cyberattacks on the U.S. in recent years are alleged to have originated in Russia, including the 2021 attack on the Colonial Pipeline — the largest fuel pipeline in the U.S...
5 smart money moves for your first 5 years of retirement
When you dream of retirement, you figure you’ll finally enjoy worry-free living. But the first few years can prove surprisingly tense. A big cash outlay or costly divorce can upend your best-laid plan...
Luka Doncic, Ja Morant, Warriors put NBA in strong media rights position
Ja Morant #12 of the Memphis Grizzlies drives to the basket to shoot against the Golden State Warriors in the second half of Game Three of the Western Conference Semifinals of the NBA Playoffs at Chas...
Electric vehicle prices rise at Tesla, Rivian, GM and other carmakers
Tesla’s Model 3 at the Tesla store in Washington, D.C. Salwan Georges | The Washington Post | Getty Images Automakers from Tesla to Rivian to Cadillac are hiking prices on their electric vehicle...
Space industry is on its way to $1 trillion in revenue by 2040: Citi
A Falcon 9 rocket carries 49 Starlink satellites toward orbit on Feb. 3, 2022. SpaceX The space industry should reach $1 trillion in annual revenue by 2040, with launch costs dropping 95%, Citigroup a...
The Great Resistance is here. Companies and employees are in a battle of wills over returning to the office.
Amy Faust Liggayu, 32, a market-research project manager based in Tinley Park, Ill., and mother of a 7-month-old son, never imagined she would have a life where she could spend five days a week with h...