Warren Buffett, chairman and CEO of Berkshire Hathaway, criticized the government’s intervention in recent bank failures, saying on Saturday it averted what could have become an even bigger crisis. Yet he said the US banking system had become too complicated — and it was not surprising that the banks failed. He said he’d been selling…
Category: Business News
Sign up for local business news with our new Fond du Lac Streetwise newsletter
With a growing community of small businesses and regional or national chains eyeing the city for new locations, Fond du Lac is seeing a lot of activity. The new Streetwise newsletter can help you keep track of these business happenings. I’ve taken on several roles in and around the Fond du Lac Reporter over the…
Important team and business changes
Team – We are changing the shape of Shopify significantly today to pay unshared attention to our mission. There are a number of consequences to this, and I don’t want to bury the lede: after today Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics; this means some of you will…
Peloton is recalling almost 2.2 million exercise bikes because the seat post can break
Peloton is recalling 2.16 million exercise bikes in the US and Canada because of a risk that the seat post could break during use, causing injuries. The US Consumer Product Safety Commission said on Thursday it had received 35 reports of the seat post breaking and detaching from the bike during use. There were 13…
How Do I Get Out of My Non-Compete?
In healthcare, there has been a large expansion in non-compete clauses. Many of our clients would like to find a way out of their non-compete clause when looking to leave their current employment. We can help you stay on top of the latest news that affects your everyday life. Subscribe to stay up to date….
Raleigh developer sells Summerville residential community > Charleston Business Journal
A Summerville luxury residential community has been sold to a Boston-based real estate investment firm. Raleigh, NC-based Terwilliger Pappas, a multifamily developer, has sold Solis Nexton, a 320-unit luxury residential community in Summerville, to West Shore. Financial details of the transaction were not disclosed. West Shore, a multifamily real estate investment firm, now owns and…
Does Canada really need a digital loonie?
The Bank of Canada is wading into the fraught and controversial world of digital currencies, launching public consultations this week into how Canadians might use a digital dollar. “We’ve been researching a digital dollar for quite a while now,” said Carolyn Rogers, the senior deputy governor of the central bank. “And we’re at a point…
Biden admin warns of ‘catastrophic’ default as debt talks continue
US President Joe Biden spoke to the press in on May 9, 2023, after a high-stakes meeting with key Republican and Democratic lawmakers yielded no breakthrough on the impasse over the US debt limit President Joe Biden’s administration again warned Sunday of “catastrophic” consequences for the US economy if the country defaults, as negotiations with…