Landmark Tax Ruling: Bitcoin Investor Ordered to Surrender Crypto Keys
The landmark ruling came after the Bitcoin investor failed to report large gains from cryptocurrency trading.
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US Trade Deficit Increases
In November, an increase in the trade deficit was recorded in the United States.
AI Startups Drive VC Funding Resurgence
According to data that was published by PitchBook on Tuesday, January 7, artificial intelligence startups have made significant contributions to the recovery of United States venture capital funding from market lows.
Dell Unveils Apple-Like Rebrand
Dell Technologies Inc. is rebranding its personal computers in a manner reminiscent of Apple Inc. naming conventions in an effort to boost consumer demand.
Nvidia Releases Gaming Chips
Last Monday, January 6, Nvidia revealed new chips for desktop and laptop personal computers using the same Blackwell architecture underpinning the company’s fastest artificial intelligence processors for servers and data centers.
Wall Street Reportedly Prepares to Private Equity-Fueled IPO Revival
The media reported that Wall Street banks are currently preparing for a rebound related to private equity companies turning to the equities markets to offload some of their high-profile holdings.
Salesforce Data Shows AI-Powered Shopping Boosts Online Holiday Sales
Salesforce has released a report stating that chatbots powered by artificial intelligence helped consumers purchase and return products during the 2024 holiday season, boosting online sales in the United States by almost 4% year-on-year.
US Regulator Sues Berkshire Unit
The United States Consumer Financial Protection Bureau (CFPB) sued a lender owned by Warren Buffett’s Berkshire Hathaway, accusing it of pushing borrowers to take out unaffordable mortgages to purchase homes from Clayton Homes, Berkshire’s manufactured housing business.
CrowdStrike Recovers Lost Money
CrowdStrike chief executive officer George Kurtz said this company turned last year’s crisis into an opportunity.
DOT Fines JetBlue
The United States Department of Transportation has penalized JetBlue Airways for $2 million for flight delays.
Joe Biden Blocks Sale of U.S. Steel to Japan’s Nippon Steel
President of the United States Joe Biden on Friday, January 3, officially blocked Nippon Steel’s proposed purchase of U.S. Steel in the framework of the deal worth $14.9 million.
Tesla Shares Fall Amid First Drop in Annual Deliveries
Last Thursday, January 2, Tesla published a report on the production and deliveries of vehicles for the fourth quarter of 2024 and the entire last year.
Apple Agrees to Pay $95 Million to Settle Siri Privacy Lawsuit
Apple has agreed to pay $95 million in cash to settle a proposed class action lawsuit alleging that the technology giant’s voice-activated Siri assistant violated user privacy.
World’s 500 Richest People Surpass $10 Trillion in Wealth
In 2024, the overall wealth of 500 of the richest people in the world showed growth.
Bank Insiders Leaks Data on Client Accounts
Toronto-Dominion Bank expected that the new employee would increase the efficiency of this financial institution in detecting cases of money laundering from the outpost in New York, but the final result turned out to be another example of how optimistic hopes do not match the pessimistic reality.
One-Click Checkout Is Most Desired Feature for U.S. Merchants
A recent report indicates that 45% of U.S. online merchants have requested one-click checkout solutions from their payment service providers (PSPs) in an effort to enhance conversion rates.
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