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Business News

Location American Business News for 28 January 2025
Goldman Sachs staffers fume over paltry bonuses after CEO David Solomon's eye-popping $39M payout "When news of Solomon's bonus was released, a lot of folks here just rolled their eyes," one equities trader told The Post. "Of course, that is where our money went."
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AllBright, London's women-only members' club, enters administration The networking and events business struggled with 'rising rents' and the aftermath of the pandemic AllBright, the women-only members' club with a five-storey townhouse in Mayfair, London, has entered administration, the ...
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Boeing reports a big loss, as it said it would, and the stock is surging Boeing's stock surged toward a six-month high after the big loss that the aerospace giant warned of last week materialized.
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Wells Fargo clears one penalty, but its asset cap remains in place Wells Fargo's automobile- and mortgage-lending practices have now satisfied the requirements of a 2022 consent order set by federal regulators, the bank said.
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One reason Nvidia looks like a bargain stock following the DeepSeek news Other technology stocks trading at relatively low valuations to historical levels include Micron, Super Micro and Workday.
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Trump Vows to Send Bitcoin to Much Greater Heights Backed by 100% Commitment President Donald Trump has reportedly pledged 100% support for bitcoin, vowing to outcompete China and elevate the cryptocurrency “to much greater heights.” Trump’s 100% Commitment: Taking Bitcoin Higher While Defe...
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Coinbase Overwhelmed By a 'Million Tokens a Week,' CEO Says Brian Armstrong, CEO of Coinbase expressed his frustrations with the current listing process and suggested potential improvements that may mitigate the torrent of daily listing requests Coinbase receives. Coinbase Might ...
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Senate Confirms Scott Bessent as Treasury Secretary

The New York Times - 28 Jan 2025 01:26
Senate Confirms Scott Bessent as Treasury Secretary Bessent, a hedge fund manager, becomes the nation's 79th Treasury secretary. He will lead President Trump's economic agenda.
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U.S. tech stocks, including Nvidia, Oracle and Broadcom, plummeted Monday after Chinese startup DeepSeek said it created an AI system that can compete against chatbots such as OpenAI's ChatGPT at much lower costs.
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Tech stocks plunge as Wall Street fears stretched valuations. Will value stocks win? U.S. stocks mostly sold off Monday, amid fears China's AI company DeepSeek could disrupt profits for Big Tech stocks.
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DeepSeek has called into question Big AI's trillion-dollar assumption It's no wonder that some Nvidia investors are questioning their faith in unlimited demand for the most powerful AI chips. Recently, Chinese startup DeepSeek created state-of-the art AI models using far less computing pow...
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Stock market's $1 trillion wipeout is a taste of what can happen when AI bets unspool U.S. stocks suffered a $1 trillion wipeout on Monday, the latest hiccup during what has been a hectic stretch for markets.
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Karoline Leavitt Invites Content Creators to the White House Press Briefing President Trump's press secretary invited social media influencers and content creators to sit with the traditional press corps.
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How the Empire State Building Observatory became No. 1 Four lessons any sector can adopt to deepen customer connections. The Empire State Building is nobody's idea of a hidden gem. The 1,472-foot Art Deco landmark of stone and steel dominates the streetscape and world view o...
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Sushi acquires Shipyard to address DEX performance issues SushiSwap's total value locked has declined sharply since 2021 highs, according to DefiLlama.
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Starbucks said its same-store sales fell 4%, fueled by a 6% decline in visits to its stores.
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Kendrick Lamar & SZA are heading on their 23-show Grand National Tour in April 2025. Resale ticket prices start at $114.
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How tech's DeepSeek wakeup call could leave Nvidia stronger DeepSeek shatters the myth that AI supremacy requires a billion-dollar checkbook.
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Who is DeepSeek founder Liang Wenfeng, the math whiz-hedge fund manager upending the AI industry? The millennial math nerd behind DeepSeek launched his own hedge fund before turning to artificial intelligence chips.
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DeepSeek AI collects, stores US user data in China - sparking eerily similar national security concerns that forced TikTok crackdown While rival chatbots including ChatGPT collect vast quantities of user data, DeepSeek's use of China-based servers are a key difference and a glaring privacy risk for Americans, experts told The Post.
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Arizona Senate Approves Bill to Create Strategic Bitcoin Reserve Arizona’s decision to explore investments in digital assets, such as bitcoin is indicative of a growing tendency in states to diversify public finances. Arizona Takes Major Leap Toward Strategic Bitcoin Reserve Arizona...
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China's new stealth fighter spooks Wall Street about Lockheed Martin's F-35 Wall Street analysts worry that new Chinese stealth aircraft could persuade the US to buy fewer of Lockheed Martin's F-35 stealth fighters.
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