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Business News

Location American Business News for 15 January 2025

Asian Currencies Consolidate as Traders Await U.S. CPI Data

Wall Street Journal - 15 Jan 2025 02:37
Asian currencies consolidated against the dollar in the morning session as traders await U.S. CPI data due out later today.
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Elon Musk faces new SEC lawsuit over alleged misdeeds with Twitter purchase The SEC says Musk failed to notify the agency when his Twitter stake crossed 5%, allowing him to buy more stock "at artificially low prices from the unsuspecting public."
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Meta cuts 5% of jobs to lose 'lowest performers' The company will shed roughly 3,600 roles but plans to backfill the roles later in the year.
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Wall Street banks JP Morgan, Goldman Sachs post fat profits amid dealmaking surge, Trump 'bump' Interest rate cuts that made it cheaper to borrow money, prompting more mergers and acquisitions in 2024.
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Goldman Sachs doubles profits as investment bank fees rise Goldman Sachs reported strong growth in the fourth quarter, with investment banking fees up 33%.
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The fourth-quarter report comes after a year where Citi's stock rose almost 37%, outperforming the S&P 500.
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Egg prices surge as US inflation picks up Overall prices in the US rose 2.9% compared with a year earlier, official figures show.
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Oil prices tick higher after snapping 3-day winning streak Oil futures were up modestly Wednesday, finding support after snapping a three-day winning streak that had been driven in part by wider U.S. sanctions on Russia as well as cold weather in much of the U.S. and Europe.
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Singapore Cracks Down: Polymarket Blocked Amidst Global Scrutiny of Unlicensed Gambling Platforms Singapore’s gambling regulator blocked access to Polymarket, a predictions market, considering it online gambling under their law. Offenders Face Stiff Fines or Jail Time Singapore’s Gambling Regulatory Authority (GR...
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TikTok is the last thing Elon Musk needs right now

Market Watch - 15 Jan 2025 01:49
TikTok is the last thing Elon Musk needs right now The Tesla CEO should be focused on his EV business at a time when the automotive landscape is rapidly evolving. Investors also don't need another distraction.
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Circle Reports $18 Trillion in Lifetime USDC Transactions The adoption and use of USDC, a widely used stablecoin issued by Circle, saw substantial growth in 2024, as highlighted in the company's latest report. USDC Economy Sees Rapid Growth Amid Regulatory Advances In its repor...
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How to Stream and Watch Super Bowl 59

AdWeek - 15 Jan 2025 23:59
How to Stream and Watch Super Bowl 59 Super Bowl 59 takes place on Sunday, Feb. 9, at 6:30 p.m. ET from the Caesars Superdome in New Orleans, and around a month before the game, Fox is unveiling even more ways to watch. On Wednesday, Fox, the Super Bowl 59 b...
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US bans red dye 3 from some frosting, sweets and medicine The FDA says food manufacturers have until January 2025 to remove the cherry-red dye from their products.
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Why S&P 500's financials sector just booked its best day since early November Bank stocks were surging Wednesday.
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Why are we still talking about toilets? Because we must. Safe and accessible sanitation is an equality issue, but also a health one that affects us all. In a world where every passing moment brings leaps in digital innovation, creating opportunities to improve life for billion...
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Unlike traditional deep learning, which interpolates between data points, program synthesis searches for discrete programs that explain data.
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Why future-focused brands win in a short-term world

Fast Company - 15 Jan 2025 23:30
Why future-focused brands win in a short-term world Califia Farms is proving that having a long-term vision is the best way to do well in the present. Conventional wisdom says that long-term thinking prioritizes decisions that secure the future, whereas leaders with a sho...
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5 ways to close the gap for Black women in STEM

Fast Company - 15 Jan 2025 23:30
5 ways to close the gap for Black women in STEM Ensuring opportunities and equity for underrepresented groups in STEM helps solve the talent crisis. By Tarika Barrett and Meredith Harper
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Homeowners should ask these questions about insurance for natural disasters One of the most important questions is also the most basic: What are the goals of insurance? The wildfires that have devastated large parts of Los Angeles County have drawn fresh attention to the struggles many Americans...
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Actress Tracee Ellis Ross started building her vision for Pattern Beauty while starring on the sitcom Girlfriends, but it was her lifelong experience as a "curly girly" (a woman with curled and coiled hair) that inspired...
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3 signs bitcoin isn't done breaking record highs just yet A weekly look at the most important news and moves in crypto, and what's on the horizon in digital assets.
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Wall Street's Pre-Eminent Short Seller Is Calling It Quits

Wall Street Journal - 15 Jan 2025 23:27
Hindenburg Research founder Nate Anderson, a foe of Carl Icahn and the Adani family, cites the stress of his job as he shuts down the firm.
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