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Business News

Location American Business News for 30 January 2025
Levi's had a good holiday season. But here's why it's forecasting falling sales in 2025. Shares of Levi Strauss & Co. slid after hours on Wednesday after the denim maker forecast a dip in sales for the year ahead, citing trepidation over tariffs and other issues even as the company benefited from holiday-sea...
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Microsoft CEO tries to assure investors DeepSeek is good for business as scrutiny of AI spending mounts Chinese AI startup DeepSeek's model led to increased scrutiny on Microsoft's AI spending.
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Meta agrees to pay $25M to settle lawsuit from Trump after Jan. 6 suspension Meta has agreed to pay $25 million to settle a lawsuit filed by President Donald Trump against the company after it suspended his accounts.
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Czech $7B Bitcoin reserve proposal sparks criticism over BTC volatility Czech National Bank is set to vote on a $7 billion Bitcoin reserve proposal, but Finance Minister Stanjura warns against BTC's volatility.
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Barclays tells staff to come into the office more The bank is the latest company to make changes to its working-from-home policy.
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Meta and Microsoft Double Down on Huge A.I. Spending, Despite DeepSeek Threat Both Meta and Microsoft committed to huge investments in artificial intelligence, despite new Chinese software outperforming American rivals at a lower cost.
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Caterpillar misses on revenue again, warns of a decline in 2025 Caterpillar's stock falls after streak of revenue misses was extended, and the full-year outlook was for a surprise decline.
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Trump is putting Tesla's $2.8 billion side hustle under threat Tesla has made billions off electric cars its rivals aren't selling, but President Donald Trump's anti-EV policies put that revenue stream at risk.
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Nigerian Fintech Moniepoint Secures Over $10m Investment From Visa, Eyes Expansion in Africa Visa has invested over $10 million in African fintech Moniepoint, joining its Series C funding round, which now exceeds $120 million. Moniepoint provides banking, credit, and payment services to businesses and individual...
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Could the Fed hold interest rates steady all year?

Market Watch - 30 Jan 2025 02:43
Could the Fed hold interest rates steady all year? Some economists were saying Wednesday that the cutting cycle is over, while others think Chairman Jerome Powell's Federal Reserve won't ease again until 2026.
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US Lawmaker Moves to Block SEC Overreach in Coinbase Case The SEC's "un-American" crackdown on crypto is driving innovation overseas, a U.S. senator warned, backing Coinbase in a pivotal legal battle over digital assets. US Senator Calls SEC’s Crypto Approach ‘un-American�...
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Bond ETFs slip as Fed Chair Powell waits on White House policies The Fed has paused its rate-cutting cycle.
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How China could retaliate against Trump's tariffs

Business Insider - 30 Jan 2025 02:00
Beijing may ratchet up trade restrictions or change its monetary policy.
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Arkansas Senate rejects mining facility zoning restriction bill The original bill argued that mining facilities could pose a national security risk by compromising US military installations.
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These tips for investing in mutual funds and ETFs can open doors for your portfolio Don't miss these top money and investing features.
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Washington, DC, plane crash thrusts high-stakes role of air traffic control into the spotlight Sen. Tammy Duckworth, an ex-Army Black Hawk pilot, said communications between airline and military pilots usually go through air traffic control.
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How to be a generous leader in a crisis

Fast Company - 30 Jan 2025 23:45
How to be a generous leader in a crisis During the Southern California fires, good leaders are showing that an empathetic approach makes a world of difference to employees. At the Exceptional Women Alliance (EWA), we empower high-level women to mentor one anot...
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Mark Zuckerberg said Meta underestimated TikTok's rise and dismissed it for not thinking it was truly social.
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Meta CEO Mark Zuckerberg says DeepSeek will 'benefit' the company and the future of its AI business Meta CEO Mark Zuckerberg and CFO Susan Li spoke of the benefits of DeepSeek's flagship AI model to its company in a leaked all-hands.
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Banks increasing tech spend overall in 2025: Research

American Banker - 30 Jan 2025 23:37
Banks increasing tech spend overall in 2025: Research More than 80% of bankers surveyed said they increased their tech budgets to invest more in security, data analytics and AI.
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UPS has shifted away from less-profitable large contracts in recent years, while Amazon has built up its own in-house logistics empire.
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The termination letters state that healthcare benefits will stop immediately.
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