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Business News

Location American Business News for 29 January 2025
Starbucks Reports Weak Earnings as It Tries to Woo Back Customers Traffic is down, but improving. "Much of our work is just beginning," said Brian Niccol, the chief executive.
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Kenichiro Yoshida Will Step Down as C.E.O. of Sony

The New York Times - 29 Jan 2025 03:50
Kenichiro Yoshida Will Step Down as C.E.O. of Sony Kenichiro Yoshida, who has led Sony since 2018, will be succeeded as C.E.O. by the company's chief financial officer.
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Federal workers describe being blindsided and scrambling as Trump's grant freeze hits One FEMA worker was rushing to get aid out to states before the 5 p.m. deadline. Another didn't know of the freeze until contacted by reporters.
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T-Mobile's stock climbs after Q4 earnings beat and robust guidance For 2025, the company expects postpaid net customer additions between 5.5 million and 6 million, which T-Mobile's highest-ever guidance range issued at the beginning of the year.
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Moderna's stock is falling. Goldman Sachs says it's no longer a buy. Shares of vaccine maker Moderna fell Wednesday as Goldman Sachs lowered its rating after the biotech's second cut to product revenue guidance in six months.
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This may be 'most critical thing' for markets facing Fed interest-rate decision The Federal Reserve is about to wrap up its first interest-rate-setting meeting of 2025.
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Bernard Arnault says laid-off Meta staff were 'promoted outwards' — and LVMH's Tiffany is doing the same Bernard Arnault said he spoke with Mark Zuckerberg about Meta layoffs, which the LVMH boss described as workers being "promoted outwards."
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Shares jumped more than 16% in extended trading after better-than-expected results and raised guidance.
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The Trump administration is offering buyouts to federal workers. Read the memo the Office of Personnel Management posted for employees.
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From DEI to abortion, these 7 questions hint at what federal funds the Trump administration seeks to freeze A memo suggests federally-funded programs related to supporting "illegal aliens," foreign assistance, the U.S. International Climate Finance Plan, placing a "burden" on the use of domestic energy resources, DEIA , "gende...
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The Education Department said that student-loan borrowers will continue to receive aid under President Trump's temporary freeze on grants and loans.
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Powell: Law-abiding crypto customers shouldn't lose accounts The Federal Reserve chair said banks are well suited to handle risks related to crypto customers, but the threshold for engaging in such activities directly is higher.
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Whirlpool swings to a loss and guides for more weakness in 2025, sending stock down Appliance maker is still working to cut costs and hoping for a recovery in the U.S. housing market.
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UMB soars while Heartland stumbles just before deal closes In the fourth quarter, UMB Financial's earnings outpaced Wall Street's estimates -- but the bank it's acquiring, Heartland Financial, fell short of them.
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These chocolates are the only ones we want for Valentine's Day — here's why Vosges is our favorite chocolate brand We tasted Vosges Haut-Chocolat truffles, bonbons, and bars. Aside from the inventive flavors, we loved the guided tasting notes and beautiful packaging.
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The architecture industry may soon be unrecognizable

Fast Company - 29 Jan 2025 23:45
The architecture industry may soon be unrecognizable Technology will change the way we practice--if we're lucky the industry will reimagine itself entirely There only a few absolute truths in life. The two most recognizable are death, and unless you're very rich or politic...
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Microsoft's AI business is booming. It's not enough to soothe investors. Microsoft reported lower-than-expected revenue growth for its AI and cloud divisions as scrutiny grows over tech's AI investments.
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USDT0 Launches on Arbitrum With 1:1 Backing, Faster Transfers Tether has upgraded its USDT stablecoin on Arbitrum to USDT0, a cross-chain compatible asset backed 1:1 by Ethereum-based USDT reserves. Tether Transitions Arbitrum USDT to USDT0 Tether says the upgrade automatically con...
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How billionaires worth a combined $450 billion will help Trump run America We discuss how the billionaires surrounding Trump in DC could shape America's future in a collaboration between Business Insider and Politico.
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Mortgage rates are stuck at 7% as Fed holds steady on interest rates Bad news for home buyers: Mortgage rates are largely stuck at 7% for the time being.
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Welch's Is Looking for a New Agency for Its Sparkling Juices as It Moves Away From an AOR Model Food company Welch's is conducting an agency review for its portfolio of sparkling juices, ADWEEK has learned. The brand confirmed that it is handling the review internally, and declined to disclose the agencies that are...
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Trump's plan to freeze funding could impact various healthcare, education, infrastructure, food assistance, and federal student aid programmes.
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