Business + Money

New pharmaceutical treatments for diabetes and weight loss could provide significant benefits for the U.S. economy, according to new research by banking multinational Goldman Sachs.  ‘Miracle’ Weight Loss Drugs Flood the Market In the last year, ‘miracle’ weight loss drugs like Ozempic and Wegovy have flooded U.S. headlines as celebrities and medical professionals tout their … Read more

Another insurance company has pulled out of California, joining a long list of names that are worried about the potential effects of extreme weather. The state and insurers are now “at a major crossroads,” according to experts. Insurance Woes in California California homeowners are facing increasing difficulties obtaining private insurance as yet another major insurer, … Read more

Despite a positive economic outlook from mainstream economists and financiers, inflation in the U.S. has unexpectedly crept up over the month of February. If you’re interested in finding out how this could affect you, read on. A Surprising Rise in Inflation Last month, inflation rose from 3.1% in January to 3.2%. While this might not … Read more

Bitcoin just hit a new peak, soaring past the $70,000 mark to reach past $72,269. This milestone comes amidst a flurry of market expansion and aligns with some interesting shifts in regulatory attitudes in the UK and the US. However, even with this growing institutional approval, the caution due to cryptocurrency unpredictability hasn’t faded from … Read more

Reddit is getting ready to join the New York Stock Exchange, eyeing a $6.4 billion valuation. They’re listing themselves on the exchange as “RDDT,” offering 22 million shares at $31 to $34 each.  Joining the Stock Exchange Redditt, one of the world’s largest and most popular social media sites, is looking to become a publicly … Read more

JetBlue Airways and Spirit Airlines have called off their $3.8 billion merger after a federal court ruling raised significant antitrust concerns in January, marking a victory for the Biden administration’s stance against mergers that could harm competition. The decision comes as both airlines recognized the insurmountable legal challenges they faced, with JetBlue agreeing to pay … Read more

Elon Musk’s involvement with OpenAI began with visions of a nonprofit promoting beneficial AI for the public, but as funding demands grew, disagreements emerged over shifting to a for-profit model. This led to Musk’s legal battles against OpenAI for deviating from its foundational mission, adding to the growing list of legal troubles Musk is facing. … Read more

Bitcoin has shattered previous records by surpassing $68,978, reflecting a renewed surge in interest and confidence. This surge was largely driven by the approval of spot Bitcoin ETFs and the anticipation of halving events. This resurgence defies past skepticism over its relevance, signaling a robust future despite environmental and regulatory challenges. New High Bitcoin’s incredible … Read more

The U.S. aerospace manufacturer Boeing has reached a settlement with the U.S. State Department after numerous incidents of international export violation. $51 Million in Fines The American aerospace manufacturer Boeing has accepted a $51 million fine issued in a settlement with the U.S. State Department after being charged with several international export violations. Trouble in … Read more

The proposed merger between Kroger and Albertsons, two of the largest grocery chains in the U.S., is under scrutiny. The Federal Trade Commission (FTC), supported by several U.S. states, is challenging the $24.6 billion deal due to fears it could lead to higher prices for consumers. Government Steps in Against Supermarket Giants The FTC believes … Read more