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Business News

Location American Business News for 5 February 2025
Google parent Alphabet shares tank over 7% as cloud revenue takes a hit from rivals Despite the threat of DeepSeek, CEO Sundar Pichai said the company expected to spend about $75 billion in capital expenditures for 2025.
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Honda and Nissan Merger Talks in Peril

The New York Times - 5 Feb 2025 14:16
Honda and Nissan Merger Talks in Peril Two of Japan's largest automakers have been in talks to combine their operations to form one of the world's biggest car groups.
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Lawmakers Launch Powerful Crypto Working Group to Shape US Policy U.S. Senate and House lawmakers are uniting to cement America's dominance in digital assets, crafting a regulatory framework to drive innovation, expand financial access, and secure global leadership. US Senate and House...
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Ex-Meta director sues the tech giant, alleging a 'toxic pattern of silencing women' A former director at Meta filed a lawsuit against the company earlier this week. Kelly Stonelake alleges sex discrimination and harassment.
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Musk v Altman judge says it is a 'stretch' for Musk to claim irreparable harm in case of 'billionaires versus billionaires' A California federal judge on Tuesday expressed doubt over Elon Musk's "irreparable harm" claims in his lawsuit against Sam Altman.
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Lawsuit alleges Musk, Bessent violating US privacy rights Current and retired federal employees say Treasury officials granted Elon Musk improper access to federal financial records, violating privacy laws.
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Harley-Davidson stock slips after Q4 loss amid 'cyclical headwinds for discretionary products' The high-interest rate environment has impacted consumer confidence, according to Harley-Davidson CEO Jochen Zeitz
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Walmart reportedly cutting jobs as it refocuses on Bentonville headquarters Some employees being asked to relocate as U.S.'s largest private employer builds up hubs in Arkansas and California
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Oil prices drop on rising U.S. inventories and fears tariffs will dent Chinese demand Oil futures fell Wednesday, feeling pressure after industry data showed a large rise in U.S. crude inventories and as investors feared a U.S. -China trade battle will dent demand.
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Uber's stock falls in the face of its 'strongest quarter ever.' Here's why. The ride-hailing company faces stiff pressure from the strong U.S. dollar, which is weighing on its forecast for the current quarter.
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Ghana wants more for its cashews, but it's a tough nut to crack The African nation exports its cashews in raw form, but processing them would be more lucrative.
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Chipotle says it's getting more avocados from outside Mexico. It could get impacted by Trump's tariffs anyway. Chipotle has new sources of avocados in Colombia and Peru, its CEO said. But the chain might still take a hit from Trump's potential Mexico tariffs.
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Snap reported better-than-expected fourth-quarter results Tuesday but issued earnings guidance that trailed estimates.
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Costco starts off 2025 with yet another sales gain

Market Watch - 5 Feb 2025 23:53
Costco starts off 2025 with yet another sales gain The warehouse club retailer said that revenue last month rose 9.2% year over year, to $19.51 billion.
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MicroStrategy raised another $600 million from preferred stock sales to buy bitcoin The company announced in its last earnings report a plan to raise $42 billion to buy bitcoin in three years. It's already spent nearly half of that.
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How to make crispy, delicious chicken wings in an air fryer Cook time and temp for these crispy air fryer chicken wings varies by size: between 25-30 minutes at 380 or 400 degrees. Baking powder adds crunch.
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Arbitrum Integrates With BitcoinOS to Expand Into the Bitcoin Network Arbitrum has integrated with BitcoinOS (BOS) to bring its Ethereum-based layer two (L2) scaling solution to the Bitcoin network. Arbitrum Brings Ethereum-Based L2 Scaling to Bitcoin According to the release shared with B...
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In a time crunch? 3 ways GenAI can come through in a clutch The legal field is renowned for massive documentation, and artificial intelligence can cut review time. In just a couple of years, generative AI (GenAI) has made a big impact on the way people, companies, and entire indu...
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I have an urgent question: Will my Temu order arrive?

Business Insider - 5 Feb 2025 23:43
I have an urgent question: Will my Temu order arrive? With Trump's order ending the "de minimis" exception and the USPS at least temporarily halting packages from China, what about my Temu package?
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Shein and Temu shifted more of their orders to be fulfilled in the US ahead of de minimis changes.
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The Super Bowl Advertisers Winning the Battle for Attention Prior to Kickoff For a while now, brands have sought to expand their Super Bowl ads beyond a mere 30-second broadcast during a commercial break. They've attempted to do so by posting their spot online days, or weeks, before the Big Game,...
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David Koepp, who wrote the first two "Jurassic Park" movies, returns to the franchise with "Jurassic World Rebirth."
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