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Strategy CEO: Bitcoin would need to crash to 8,000 and stay years before balance-sheet risk
companies23 days ago

Strategy CEO: Bitcoin would need to crash to 8,000 and stay years before balance-sheet risk

Strategy CEO Phong Le said the balance sheet is safe unless Bitcoin falls to about $8,000 and remains there for five to six years; the company posted a $12.6 billion quarterly net loss from unrealized BTC losses as Bitcoin traded around $64,800, while Michael Saylor dismissed quantum-threat concerns as 'horrible FUD' and announced a Bitcoin Security program to bolster resilience amid the crypto sell-off.

Top Remote Jobs and Companies Hiring in 2025
business1 year ago

Top Remote Jobs and Companies Hiring in 2025

Despite a decline in remote work popularity post-pandemic, the demand for remote jobs remains high, with over 1.1 million global searches monthly. A list of 20 companies hiring for fully remote positions in 2025 includes Allstate, Amgen, Atlassian, and Spotify, among others. These companies offer various remote work policies, from hybrid models to fully remote options, providing job seekers with numerous opportunities to find remote work that aligns with their preferences and values.

GSK Shares Plunge 9% as Delaware Court Allows 70,000 Zantac Lawsuits
companies1 year ago

GSK Shares Plunge 9% as Delaware Court Allows 70,000 Zantac Lawsuits

GSK shares plummeted over 9% after a Delaware judge allowed more than 70,000 lawsuits alleging that the discontinued heartburn drug Zantac caused cancer to proceed. The ruling, which GSK plans to appeal, has significantly impacted the company's market value, wiping out nearly 7 billion pounds. Analysts predict the potential liability could exceed initial market assumptions of $2 billion to $3 billion. The decision follows a recent jury verdict in Chicago that favored GSK, rejecting claims that Zantac caused colon cancer.

"US Labor Dept Sues Hyundai for Alleged Child Labor Violations"
companies1 year ago

"US Labor Dept Sues Hyundai for Alleged Child Labor Violations"

The U.S. Department of Labor has sued Hyundai Motor Co, an auto parts plant, and a labor recruiter for using child labor in Alabama. The lawsuit seeks to recover profits related to the illegal employment of children, some as young as 12, at a Hyundai subsidiary and other parts suppliers. The Labor Department's investigation found that a 13-year-old worked up to 60 hours a week at a plant supplying parts to Hyundai. Hyundai claims it no longer owns the subsidiary and has taken steps to address the issue. The case highlights a broader problem of child labor violations in the U.S.