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Business

Michael Saylor steps down as MicroStrategy CEO, company gets paid $917 million in bitcoin

MicroStrategy (MSTR) announced Tuesday that its founder and CEO Michael Saylor will step down from the top position and take on a new role as CEO, focusing on the company’s bitcoin strategy. Vong Lo, the company’s president, will take over as CEO. MicroStrategy reported quarterly results that came in light of Wall Street estimates Tuesday, …

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Canadian candy company seeks taste testers willing to try 3,500 candy bars a month

Comment on this storySuspension Canada’s Candy Funhouse is hiring a “Chief Candy Officer” to earn a C$100,000 ($77,786) annual salary as a chief taste tester, tasked with trying more than 3,500 candy bars per month, or more than 100 per day on average. The eye-catching role has attracted widespread attention – a whimsical moment in …

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The housing market correction takes an unexpected turn

The Federal Reserve has a simple anti-inflation book. It goes like this: keep putting upward pressure on interest rates until business and consumer spending across the economy weakens and inflation subsides. Historically, the Federal Reserve’s anti-inflation guide has always delivered a particularly hard hit to the US housing market. When it comes to housing transactions, …

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Federal Reserve Chairman James Bullard expresses confidence that the economy can make a ‘soft landing’

James Pollard Olivia Michael | CNBC Louis Federal Reserve Chairman James Bullard said Tuesday that he still believes the economy can avoid a recession, although he expects the central bank will need to keep raising interest rates to control inflation. “I think inflation has reached a higher temperature than I had anticipated during the second …

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The travel app found domestic fares were 25% lower in August than fall trips

d3sign | moment | Getty Images Travelers looking to fly this fall may want to book their flights now, as travel app Hopper reports lower airfares this month from peak summer prices. “September and early October will be the cheapest times to travel, while August and early September will be the cheapest times to book …

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AMTD Digital’s trading value under the HKD Index is approximately $140 billion

AMTD Digital is the latest stock meme Meme’s stock has been the craze during the pandemic as individual traders with a lot of time on their hands have jumped online and in stocks en masse. They found out. Together, they can drive up stock prices and put pressure on hedge funds to propel stocks to …

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MicroStrategy CEO Michael Saylor Is Stepping Down To “Focus” On Bitcoin As President

Bitcoin advocate Michael Saylor is stepping down as CEO of the software company he co-founded, MicroStrategy, and will instead take over as CEO. Saylor’s belief in bitcoin has transformed the company into a cryptocurrency holding vehicle. The news came as the company announced its second-quarter earnings. It cited a loss of $1.062 billion, mostly due …

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Housing market downturn: These are the cities most at risk of deflation in the event of a recession

Cities where home prices have risen are likely to see their highest levels during the pandemic housing rush “to amplify the effects of the housing downturn” if the US economy falls into a recession. That’s according to a new report from Redfin, which examined areas “most vulnerable” to housing slump in the event of a …

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Employees Get Huge Pay After Selling Minnesota Rubber and Plastics for $950 Million

The all-inclusive meeting at Minnesota Rubber and Plastics in Plymouth on Tuesday seemed routine at first. Executives from the New York investment firm KKR, the company’s main owner since 2018, stood in front of hundreds of employees and announced that they had sold it. Then, they quickly reminded employees that, as participants in the employee …

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MBTA is considering closing Orange Line for 30 days, red line construction equipment disruption

The MBTA is discussing a 30-day shutdown of the entire Orange Line, which could happen in about three weeks, according to multiple sources, one of whom said the move would be “somewhat unprecedented”. A source said the closure will allow construction, which will likely be related to track replacement and addressing speed restrictions. An MBTA …

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