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Blockchain tech absent during India’s elections despite wide adoption in some industries
About 970 million people in India are eligible to vote this year and decide whether to let Narendra Modi hold office for a third consecutive term. [...] Read More... The post Blockchain tech … more
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Warren Buffett predicts ‘higher taxes are likely’ since the national debt won’t pay for itself
Asked at Saturday's shareholder meeting why Berkshire Hathaway sold 115 million shares in Apple stock over the past quarter, Buffett warned it may have to pay higher corporation tax. more
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Bitcoin Network Tops 1 Billion In Total Transactions Processed
The Bitcoin network hits a major milestone, processing its 1 billionth transaction just 15 years after launch, proving Bitcoin's resilience and capacity to efficiently facilitate transactions at … more
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Starbucks ex-CEO Howard Schultz says chain needs a major fix after biggest sales miss in years: 'There must be contrition'
Shares plummeted after sales dropped this month for the first time since the early days of Covid in 2020. more
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Qantas will pay $66m penalty and compensate passengers for selling tickets on thousands of ‘ghost flights’ it had already decided to cancel
The deal settles a fiery legal dispute between Qantas and the Australian Competition and Consumer Commission that last year triggered the early retirement of then-CEO Alan Joyce. more
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Zimbabwe launches gold-backed ZiG notes and coins, but mistrust still high
After launching digitally a month ago, the physical versions of the ZiG gold-backed currency have debuted, but many businesses are still rejecting it. [...] Read More... The post Zimbabwe … more
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Why Airbus won't expand its lead on Boeing even as its biggest rival stumbles
Airbus already is making planes as fast as it can and has a backlog of more than 8,600 orders to fill. more
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Coinbase leans heavily on accounting changes to post billion-plus profit
Figures released on May 2 show Coinbase generated revenue of nearly $1.6 billion in the three months, more than twice the sum generated in the same quarter last year. [...] Read More... The … more
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Warren Buffett changed the succession plan by saying Greg Abel will run Berkshire's investments, even though he's never been a stock picker
Buffett said because Abel understands businesses so well, he also understands stocks. more
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Boeing CEO David Calhoun's 45% pay hike to $32.8 million should be rejected, shareholder advisory says
CEO David Calhoun’s 45% pay jump from the prior year should be rejected at the company’s annual meeting on May 17, shareholder advising firm ISS said. more
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Boeing is about to face a big test after falling behind Elon Musk's SpaceX
It’s the first flight of Boeing’s Starliner capsule with a crew on board, a pair of NASA pilots who will check out the spacecraft during the test drive and a weeklong stay at the space station. more
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E-commerce is witnessing the Amazon-ification of Shein, as the fast-fashion behemoth woos skincare and toy brands
Shein is hunting down a $90 billion valuation, IPO approval—and Amazon’s online retail stronghold. more
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Warren Buffett warns on AI, teases succession, and hints at possible investment during Berkshire Hathaway's annual meeting
“I trust my children and my wife totally, but that doesn’t mean I ask them what stocks to buy,” Buffett said. more
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Top Boeing executive weighs in on qualities the next CEO should have as the search for a new boss takes more twists and turns
In a note distributed to investors on Thursday, JPMorgan analysts recounted a recent meeting they had with Boeing CFO Brian West. more
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Crypto startups see rapid growth through ‘fluid valuations’ and decentralized cap tables — Bloomberg
Crypto startups are turbocharging valuations through aggressive fundraising methods that reflect renewed crypto industry investor appetite despite looming economic uncertainty. The post Crypto … more
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Boeing’s weakness has a lesser known rival from Brazil gearing up to compete, and American Airlines’ CEO is a fan
“Therefore, we have no doubt Embraer could develop an excellent jet to compete in the same class as the 737 Max and the A320neo, on budget, on time and at a fraction of the cost of the other OEMs." more
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Warren Buffett's Berkshire Hathaway sells 100 million Apple shares as cash pile and operating profit surge
Berkshire's investment in the iPhone maker is still the biggest one in the $364 billion portfolio at $135.4 billion. more
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Akita dog society turns to blockchain for pedigree certificates
Apart from forgery incidents, paper-based pedigree certificates suffer from various problems, like missing documents and overseas verification issues, according to the Akita Inu Preservation Society. … more
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Microsoft pledges $1.7 billion to improve Indonesia’s cloud, AI infrastructure
Most of the investment will be used to equip 840,000 Indonesians with AI skills, with an aim for nationwide upskilling program that will focus on women and youth from underrepresented communities. … more
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Wall Street watchdogs want another crack at clawing back big bonus payouts after executive misconduct
Last year’s banking turmoil reignited debate about holding executives accountable for bad decisions. more
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Rule tweak allows Tesla, EV makers to maintain tax-credit marketing push in car sales
Critics say the new rules amount to freebies for China. more
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Lack of supervision at psychiatric facility led to sexual assaults and a patient's escape to a pond: report
The state hospital has long struggled to address staffing shortages, overcrowding and other security lapses. more
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New Florida resident Jeff Bezos pumped $60 million into making lab-grown meat taste better. Ron DeSantis just banned it from the state
An announcement about the legislation went viral for reasons completely unrelated to meat of any kind: “It’s the worst picture of me,” a reality star says. more
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Airlines plead tech failure after government orders automatic refunds for wronged travelers
Frontier CEO said the airline industry’s technology may be a barrier to compliance. more
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Cybersecurity Is a Top Investor Concern
In the changing institutional investment landscape, top concerns include the shifting world order, demographic forces, and cybersecurity. Cybersecurity makes the list for many reasons, including … more
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