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Business News

Location American Business News for 6 January 2025
Bitcoin Trump rally could wane ahead of end-Jan FOMC meeting: 10x Research 10x Research's founder Markus Thielen said the Federal Reserve's decisions remain Bitcoin's "primary risk," slowing it from another price surge.
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Chinese Shares Lower; Liquor and Bank Stocks Weigh

Wall Street Journal - 6 Jan 2025 04:16
Chinese shares were lower in early trade, dragged by liquor and bank stocks.
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Gold edged higher in early Asian trade as the precious metal's outlook remained strong.
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The Next Chapter in the Amazon-Trump Reset

The New York Times - 6 Jan 2025 15:14
The Next Chapter in the Amazon-Trump Reset The tech company's deal to release a film on Melania Trump has renewed scrutiny of Jeff Bezos's efforts to get closer to the president-elect.
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Uber's beaten-down stock is now riding higher, and these two factors explain why Uber will buy back stock in an accelerated deal, while Wedbush has added it to its "Best Ideas List."
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Oil extends strong start to 2025 on signs of strong demand for Mideast crude Oil futures rose Monday, looking to build on recent strength that saw crude end at nearly three-month highs last week, boosted by hopes around further stimulus from China and signs of strong demand for Middle Eastern cru...
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Salesforce's AI efforts draw doubts from the stock's newest bear Salesforce has been seen as an early AI winner, but a Guggenheim analyst worries about how the company and its peers will be able to monetize a technology that nearly everyone is offering.
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Trump's tariff plans could devolve into hostile trading blocs, this expert says President-elect Donald Trump may try to use tariffs to increase U.S. power in the global economy, but they likely will backfire and damage the U.S. economy, said Maurice Obstfeld, the former chief economist at the Intern...
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Fed has hit the pause button for rates, and may only cut once this year, experts say The Federal Reserve is going to sit on the sidelines and may only cut rates once this year, according to prominent economists attending the American Economic Association meeting in San Francisco this past weekend.
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Oil Rises on Optimism Over China's Economic Recovery

Wall Street Journal - 6 Jan 2025 03:36
Oil prices rose in the Asian morning session, driven by optimism over China's potential economic recovery.
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Trump's eyeing Greenland - but other Arctic investment is frozen While Trump eyes Greenland, Norway and Russia have put the brakes on their polar region investments.
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How Michael Kassan's 3C Ventures Is Showing Up at CES Michael Kassan helped put the Consumer Electronics Show (CES) on the map, and now he's back with a new company to help usher in the next wave of the conference. While Kassan has been going to the show for close to 40 yea...
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CES 2025: Annual tech conference showcases more robots and AI than ever before The multi-day Las Vegas show, which is organized by the Consumer Technology Association, welcomed more than 4,500 exhibitors showing off the latest laptops, TVs, wearables and smart home devices across 2.5 million net sq...
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How Stripe 'teaches' tech to beat the payments fraud exam The payment company says machine learning is making progress in fighting card testing, which crooks use to determine how ripe a payment account is for theft.
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Google's groundbreaking white paper reveals how AI agents leverage advanced reasoning, real-time data access and autonomous decision-making.
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McDonald's is latest to ax DEI policies -- cites 'shifting legal landscape' The fast food chain also intends to end a program that encourages its suppliers to develop diversity training and increase the number of minorities in their own leadership ranks.
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Sam Altman offers clues about where OpenAI is headed In his latest blog post, Sam Altman gave his take on what's been happening behind the scenes at OpenAI--and what's next for its technology. On Sunday OpenAI cofounder and CEO Sam Altman published a blog post titled Refle...
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Bet365 boss takes £126m pay cut despite profit Denise Coates CBE still received pay and dividends worth over £150m in 2024.
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ASUS has launched new Intel and AMD motherboards with advanced features like DDR5, PCIe 5.0, WiFi 7, and user-friendly design upgrades to cater to gamers, creators, and PC builders.
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Chip stocks rose sharply on Monday, partly due to a solid earnings report from Foxconn, which pointed to continued AI demand.
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GOP hardliners may be the next best hope for banning Congress from trading stocks Rep. Chip Roy, a hardline Republican from Texas, told BI that it's time to put his "foot on the gas" for a stock trading ban.
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$119 billion of U.S. government debt to be issued this week, raising questions about demand A total of $119 billion in U.S. government debt issuance is about to drop this week through Wednesday, pushed forward due to Thursday's abbreviated session for bond traders as the country marks the passing of former Pres...
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