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Business News

Location American Business News for 13 February 2025
More homes are selling below asking price as inventory in the US climbs to a 5-year high Inventory of homes for sale jumped almost 13% in January to the highest level since 2020. Meanwhile, buyers are scarce as mortgage rates remain high.
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AMD's stock faces a fresh risk -- and this one has nothing to do with AI Data show that more chips were shipped to PC makers in the fourth quarter than demand currently merits.
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Cisco is basking in its AI moment as earnings show further pickup in demand The company has been cashing in as big cloud companies build out their AI infrastructure, but expanded AI opportunities lie ahead.
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Elon Musk's X to pay $10M to settle Trump lawsuit over Jan. 6 suspension: report Trump's team considered letting the lawsuit fizzle out, citing Musk's close proximity to the president.
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Reddit turns second quarterly profit since IPO but shares slide on user-growth miss Reddit Inc. turned its second quarterly profit since becoming a public company, but shares fell after daily active unique users -- which topped 100 million for the first time -- fell short of expectations.
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Elon Musk's DOGE has worked quickly to cut federal agencies. Here's a list of what's been targeted so far. Elon Musk's Department of Government Efficiency has targeted federal agencies like USAID, CFPB, and NOAA to reduce government spending.
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Deere's stock slides as earnings fall sharply and guidance is for more pain ahead Deere is still grappling with a weak demand environment, with sales sharply lower across its core operating segments.
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Sam Altman pulls Elon Musk's OpenAI takeover bid into court Sam Altman asked a federal judge to take a look at the February 10 letter Elon Musk sent OpenAI in a bid to take over the company.
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New York senator introduces bill to create a crypto task force The task force would investigate how many digital currencies are being traded, the number of exchanges in New York and how crypto affects the state and local tax receipts, among other priorities.
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Dutch Bros shares rocket higher after earnings amid plans to expand mobile orders, food service Shares of Dutch Bros Inc. rocketed higher in extended trading Wednesday after the coffee chain put out fourth-quarter results and a full-year sales forecast that topped Wall Street's expectations, amid plans to expand mo...
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The New York Stock Exchange is coming to Texas

Business Insider - 13 Feb 2025 01:38
"Texas is the most powerful economy in the nation," Texas governor Greg Abbott said in a statement.
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How to buy tickets for Nate Bargatze: Comedian tour dates compared Nate Bargatze hits the globe in 2025 for his Big Dumb Eyes World Tour. Ticket prices start at $22.
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Roku is done with being conservative in its outlook. Wall Street approves. Roku's stock soars more than 15% on upbeat outlook based on "clear and accurate" data rather than "conservatism."
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Palo Alto Networks' stock is falling. Here's what was missing from earnings. The cybersecurity company says its 'platformization' strategy is working, but its latest report lacked oomph on a bookings metric.
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Developers beware of the haunting downsides of changes to a game’s in-app purchase models. It turns out they can be so catastrophic that they can take the entire game down with them. Such is the case with the iOS versi...
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Trump Announces 'Reciprocal' Tariffs Across the Globe

The New York Times - 13 Feb 2025 23:46
Trump Announces 'Reciprocal' Tariffs Across the Globe The president said his advisers would devise new tariff levels reflecting countries' tariffs, taxes, subsidies and other policies affecting trade with the United States.
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Coinbase reported better-than-expected fourth-quarter earnings, strengthened by a raging postelection crypto rally at the end of 2024.
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Ron Wyden and Andy Biggs wrote to the US Director of National Intelligence urging her to demand the UK retract a data access order for Apple.
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Trump launches plan to target countries with new tariffs The US president ordered his staff to develop a response to countries with trade policies he says are unfair.
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Foresight Ventures Listed Among 2024's Top 5 Global Crypto VC Firms Foresight Ventures was recognized as one of the top five most active crypto venture capital firms globally in 2024, according to Cryptorank data. Foresight Ventures Recognized for Active Role in Crypto Funding The Singap...
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More Americans fell behind on their car loans in Q4: NY Fed Serious delinquencies on auto loans rose to almost 3% in the fourth quarter of 2024, according to the New York Fed. Researchers blame the affordability problem on soaring car prices.
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As a family of 5, I thought we needed a car with 3 rows. Test-driving the Volkswagen Atlas proved me wrong. My family of five outgrew our Subaru Outback. I tested the Volkswagen Atlas to see if we really needed a third row for our kids, and we don't.
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