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Business News

Location American Business News for 2 January 2025
China's BYD closes in on Tesla as sales jump Chinese firm got a boost from subsidies encouraging consumers to replace old cars with greener ones.
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Hopes for a 'Santa Claus Rally' Fade on Wall Street

Wall Street Journal - 2 Jan 2025 06:00
Stocks typically rally over the holidays, but that hasn't happened this season.
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Bitcoin FUD: 6 common arguments from BTC skeptics during bull markets When Bitcoin soars into a bull market, skeptics cling to fear, uncertainty and doubt. Are you prepared to repel these FUD claims?
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China Hits Dozens of U.S. Companies With Trade Controls

The New York Times - 2 Jan 2025 13:42
China Hits Dozens of U.S. Companies With Trade Controls The move was the latest escalation in the back and forth between Beijing and Washington over products considered vital to national security.
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The stock market rarely scores hat tricks. This strategist fears what's next. The S&P 500 has managed two consecutive 20%-plus years in a row, but that has rarely led to a third great year, says this strategist.
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Avanti passengers face disruption in fresh train strikes Rail managers who are RMT union members are locked in a row over rest day working.
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Bank struggles, Trump's crypto plans and more news for investors to watch Banks are taking hits in the stock market as they use 2024 to restructure balance sheets and inflation slightly increased in November.
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Trump's election changed how Americans feel about the economy Turns out America's economic gloom was fueled by something far thornier than inflation: political feelings.
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China Enforces Stricter Crypto Monitoring to Curb Illegal Transactions China's foreign exchange regulator has imposed stricter controls on cryptocurrency-related activities, requiring banks to monitor and report high-risk trades. The State Administration of Foreign Exchange (SAFE) mandates ...
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Oil Rises; Prices Could Recover This Year

Wall Street Journal - 2 Jan 2025 04:10
Oil prices rose in early Asian trade amid positive sentiment.
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Hong Kong Shares Decline; Auto Stocks Fall

Wall Street Journal - 2 Jan 2025 03:56
Hong Kong shares opened lower, with Chinese auto stocks leading losses despite reporting strong December deliveries.
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Ripple's Legal Chief Outlines Principles SEC Can't Afford to Repeat in 2025 Ripple’s legal chief has issued a year-end warning to the SEC, highlighting key legal boundaries on crypto assets and cautioning against regulatory overreach in 2025. Year-End Message: Ripple's Legal Chief Warns SEC Ag...
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Drug firms amp up hiring for top roles as growth beckons The proposed Biosecure Act as well as the diversification of American and European firms away from China are expected to help contract drug makers in India
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Photos show the 1,000 pounds of space debris that crash landed in Kenya. It's unclear who it belongs to. A large metallic ring from space crash-landed in Kenya on New Year's Day. Officials want to determine its origins and hold the owner accountable.
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Marketing Leadership and Brand Evolution With Hilton CMO Mark Weinstein Welcome to this episode of the Marketing Vanguard podcast. Today, we have a special guest recorded live at Brandweek 2024 in Phoenix, Arizona: Mark Weinstein, CMO of Hilton. Join host Jenny Rooney and Mark as they discus...
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AARP has started its AgeTech Investor Network, aimed at helping startups get off the ground in the AgeTech market.
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Meta trades left-wing policy chief for Republican in major overhaul Mark Zuckerberg's Meta announced a major overhaul of its global policy team on Thursday - replacing left-leaning department chief Nick Clegg with the company's most well-known Republican, Joel Kaplan.
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Bernie Sanders says Elon Musk is wrong about H-1B visas: 'Low-wage indentured servants' Bernie Sanders waded into a heated online debate between the tech right and the MAGA base, calling for reforms to the H-1B visa system.
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I moved to North Haven, Maine, 20 years ago to be a teacher. Kids here get to play outside alone, not only because it's safe, but because they need it.
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Millions of Apple device owners may be eligible for a payout in a proposed $95 million Siri privacy settlement Apple agreed to pay $95 million to settle a Siri privacy lawsuit alleging the company recorded and shared portions of private conversations.
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In just 26 days, the Federal Open Market Committee (FOMC) of the U.S. Federal Reserve will gather to deliberate on whether to adjust the federal funds rate. As of Jan. 2, 2025, with the next meeting slated for Jan. 29, t...
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Morgan Stanley is latest to leave climate-banking group

American Banker - 2 Jan 2025 23:22
Morgan Stanley is latest to leave climate-banking group Bank of America, Citigroup, Wells Fargo and Goldman Sachs have also withdrawn from the Net-Zero Banking Alliance in the past month, as President-elect Donald Trump prepares to take office.
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