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Business News

Location American Business News for 13 January 2025

Oil Rises on Strong U.S. Jobs Data

Wall Street Journal - 13 Jan 2025 03:15
Oil rose in early Asian trade in the wake of more data signaling a strong U.S. economy.
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U.S. stocks are falling. Here's why Goldman says to stay invested in 2025. Here's why it worth staying invested in the U.S. stock market despite the recent rout and higher bond yields, according to Goldman Sachs Group's wealth-management business
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Lululemon struck a cautious tone in the lead up to the holiday shopping season but said that its results were better than expected.
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Macy's stock slides as retailer warns Q4 sales could be weaker than expected Macy's gave its fourth-quarter update just days after announcing a slate of store closures.
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Microstrategy Acquires 2,530 Bitcoin Amid Ongoing Strategy Microstrategy, a leading business intelligence firm, has added 2,530 bitcoin (BTC) to its holdings, bringing its total to 450,000 BTC. The purchase, valued at approximately $243 million, was announced by Michael Saylor, ...
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The Wall Street giant's new group will capitalize on a private-credit surge and anticipated private-equity deal boom.
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JPMorgan, Citi, Wells Fargo and Goldman's earnings results may boost banks stocks further The largest banks in the U.S. may justify further gains in stock prices if their earnings updates in the coming days include any upside surprises around loan growth or a boost from lighter regulations expected by the Tru...
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South Korea's benchmark Kospi fell 0.3% to 2508.40 in early trade, as shipbuilding and steel stocks retreated.
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Asian currencies consolidated against the dollar in the early morning session. Friday's robust U.S. nonfarm payrolls report has reduced the probability of Fed rate cuts in the near term, CBA said.
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Jamie Dimon says bitcoin is the crypto of choice for 'sex traffickers, money launderers, ransomware' Jamie Dimon, the longtime CEO of JPMorgan Chase, isn't softening the tone of his criticisms of cryptocurrency, particularly bitcoin.
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Celebrities who died in 2025

Business Insider - 13 Jan 2025 23:59
Celebrities who died in 2025 We look back on the stars who died this year, including Leslie Charleson, Jeff Baena, and Peter Yarrow.
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IAC to Spin Off Stake in Angi, Longtime CEO to Step Down

Wall Street Journal - 13 Jan 2025 23:58
IAC to Spin Off Stake in Angi, Longtime CEO to Step Down Angi CEO Jeff Kip will continue to head the company as IAC's 10th fully independent company, IAC said.
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Elon Musk reveals third person received Neuralink brain chip implant as rival companies pose challenge Musk also said Neuralink hopes to implant the experimental devices in 20 to 30 more people this year.
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Amazon CEO Andy Jassy has a new 'shadow' advisor. It's one of the most prized roles inside the company. This time, the CEO picked a 17-year AWS veteran who has experience with business applications.
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Love Island All Stars is back for a second year, and we'll show you how to watch from anywhere.
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Tron's Daily Revenue Rockets 119% in 2024, Redefining 'Blockchain Economic Models' In 2024, Tron cemented its status as a formidable force within the cryptocurrency ecosystem, achieving a 119% uptick in daily onchain revenue since Jan. 1. This growth, attributed to increased gas fees and transaction ac...
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A newly deployed top US missile-defense system is getting a workout in the Middle East The US deployed a THAAD air-defense battery to Israel in October, and it has been used in combat multiple times since then.
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Stock market today: Equities attempt rebound ahead of earnings season A monthlong stock market decline sparked by surging bond yields could be interrupted by strong 4th quarter earnings.
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CFPB proposes rule limiting legal disclaimers

American Banker - 13 Jan 2025 23:30
CFPB proposes rule limiting legal disclaimers The Consumer Financial Protection Bureau issued a proposed rule that would protect companies from abusive contract provisions modeled on the Federal Trade Commission's credit practices rule.
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Hanging Out at Starbucks? You Now Need to Order Something

Wall Street Journal - 13 Jan 2025 23:26
Hanging Out at Starbucks? You Now Need to Order Something The coffee giant is reversing a policy that had allowed open access to its cafes, in a push to improve store environments.
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The 3 biggest scams to watch out for following California's devastating wildfires In desperate times, shady contractors, scam charities and phony government or insurance agents often rush in.
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REI lays off more than 400 staffers, shuts down outdoor activities division More than 400 employees will lose their jobs as REI shifts to focus on its core retail business.
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