Expiry dates and restrictions on “less desirable” purchases are some of the key advantages behind central bank digital currencies (CBDCs), according to an economist at a World Economic Forum (WEF) event. The WEF hosted the 14th annual Meeting of the New Champions in Tianjin, China, also known as Summer Davos. During one of the 30-minute…
CBDCs With Expiration Dates, Restrictions Could Target Social Policies, Economist Tells WEF
Expiry Dates, Restrictions Benefits of Central Bank Digital Currencies, Economist Tells WEF
Expiry dates and restrictions on “less desirable” purchases are some of the key advantages behind central bank digital currencies (CBDCs), according to an economist at a World Economic Forum (WEF) event. The WEF hosted the 14th annual Meeting of the New Champions in Tianjin, China, also known as Summer Davos. During one of the 30-minute…
Ivanka Trump Dropped as Co-Defendant In $250 Million Lawsuit
A New York appeals court has dismissed all claims against former President Donald Trump’s daughter Ivanka Trump in a civil lawsuit brought by Attorney General Letitia James. The New York Appellate Division’s First Department ruled unanimously this week to dismiss claims against Ivanka Trump because they were filed too late and she was no longer part of…
IRS Sends Special Notice to Taxpayers in Eight States
The Internal Revenue Service (IRS) has sent out a special mailing to taxpayers in disaster-affected areas, letting them know they have more time to pay their taxes. The IRS said in a statement Thursday that the special mailing was being sent out to California and seven other states as a follow-up clarification after an earlier…
IRS Sends Taxpayers In Disaster Areas Special Notice About Taxes Owed
The Internal Revenue Service (IRS) has sent out a special mailing to taxpayers in disaster-affected areas, letting them know they have more time to pay their taxes. The IRS said in a statement Thursday that the special mailing was being sent out to California and seven other states as a follow-up clarification after an earlier…
Qualifier Peter Kuest Tied for Rocket Mortgage Classic Lead
Qualifier Peter Kuest carded an 8–under par round of 64 on Thursday, June 29, to share the lead with Taylor Moore after the first round of the Rocket Mortgage Classic. It appeared Kuest would hold the outright lead, but Moore poured in his fourth birdie in a five-hole stretch on No. 17 to pull even….
Bed Bath & Beyond Lives On!(line). Overstock.com Buys Rights to Bankrupt Retailer and Changes Name
NEW YORK—Bed & Bath & Beyond will live on, online at least, after Overstock.com acquired the bankrupt retail chain’s intellectual property assets for $21.5 million. The online retailer Overstock.com is dumping its name online and will become Bed & Bath & Beyond, which declared bankruptcy earlier this year. Overstock.com’s CEO Jonathan Johnson told The Associated…
Electrical Fire Sends Smoke Billowing From Under New York City’s Iconic Tiffany Store
June 29, 2023
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NEW YORK—An electrical fire in a transformer that serves the Tiffany & Co. store on New York’s Fifth Avenue spewed thick gray smoke from under the iconic building on Thursday and caused two minor injuries, officials said. The fire did not spread to the store itself, but firefighters evacuated about 100 people from the building…
Johnson & Johnson’s $8.9 Billion Talc Settlement Faces US Bankruptcy Test
Johnson & Johnson’s proposed $8.9 billion settlement of thousands of lawsuits alleging that its talc products cause cancer faces a crucial hurdle this week as a U.S. bankruptcy judge in New Jersey considers whether or not a J&J subsidiary may resolve them by filing for bankruptcy a second time. J&J subsidiary LTL Management’s first attempt…
China’s Industrial Profits Tumble, Deepening Economic Gloom
BEIJING—Annual profits at China’s industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins, reinforcing hopes of more policy support to bolster a stuttering post-COVID economic recovery. The 18.8 percent year-on-year slump in profits came on top of the 20.6 percent contraction in January-April, and added to evidence of…
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