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Location American Business News for 18 February 2025
Elon Musk Urges Public to Help DOGE as US Bankruptcy Looms Elon Musk warns America is on the brink of financial collapse. Urgent help is needed to expose government waste before uncontrolled spending drives the nation to ruin. US Bankruptcy Looms--Elon Musk Says Only ‘Radical ...
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Waldorf-Astoria's long-delayed opening stalls again -- here's when iconic hotel may finally open The iconic Waldorf-Astoria is now not expected to reopen until September. It's owner and property manager had for the past few months touted a May reopening.
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Southwest Airlines Plans to Cut 15% of Its Work Force

The New York Times - 18 Feb 2025 01:54
Southwest Airlines Plans to Cut 15% of Its Work Force The company said the cuts, the first round of broad layoffs in the airline's 53-year history, would affect mostly corporate employees.
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Joel Davis Named GM of NBC Philadelphia

AdWeek - 18 Feb 2025 23:23
Joel Davis Named GM of NBC Philadelphia Joel Davis has been named president & general manager of NBCU Local Philadelphia's NBC10 (WCAU), Telemundo62 (WWSI) and NBC Sports Philadelphia, beginning March 17. Davis will provide strategic and operational leadership...
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Warren Buffett's been hoarding cash. Fund managers are doing the opposite. While Warren Buffett has been building cash reserves, the rest of the market has taken their cash holdings to the lowest level in 15 years.
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Elon Musk Zeroes In on the I.R.S.

The New York Times - 18 Feb 2025 15:28
Elon Musk Zeroes In on the I.R.S. The tech mogul's cost-cutting initiative is seeking sensitive taxpayer data, drawing concerns about privacy, potential political retribution and more.
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GameStop's stock extends rally, after plan to sell some international operations GameStop's store counts in Canada and France have been shrinking for years, and sales in Canada represent just over 5% of the total.
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FTX's $1.2B repayments mark key moment in crypto industry recovery FTX is set to repay $1.2 billion to creditors on Feb. 18, marking a key step in the exchange's bankruptcy proceedings.
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Hong Kong investment firm's shares surge 93% after buying just 1 Bitcoin HK Asia Holdings Limited has seen its shares nearly double in a day after it shared that it had purchased a single Bitcoin.
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Australian police find 'Aladdin's cave' of stolen Bitcoin ATMs, Pokemon cards Four have been arrested for allegedly stealing $50,000 worth of trading cards, along with firearms, car keys and six crypto ATMs.
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Saks Fifth Avenue owner to close Neiman Marcus' landmarked flagship store "There's no way all of us are needed," one Neiman executive told The Post. "We're all trying to stay focused on our jobs while facing reality that at some point there will be decisions made about merchants, planners, fin...
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Milei's crypto scandal weighed on Argentine stocks on Tuesday. Here's why they could bounce back. Argentine President Javier Milei is facing impeachment calls after he promoted a little known cryptocurrency libra, which soared and soon plunged. However, it is unlikely to upend Milei's presidency, while the negative i...
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Palantir CEO Alex Karp said in a recent interview that Trump is "brilliant" at rejecting ineffective paradigms and urged builders to do the same.
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Amid concerns about children using antiaging products that can harm their skin, a legislator introduces a bill that would ban the sale of such beauty products to minors.
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AI hallucinations could get lawyers fired, law firm says AI's penchant for generating legal fiction in case filings has led courts to question or discipline lawyers in at least seven cases over the past two years. U.S. personal injury law firm Morgan & Morgan sent an urgent em...
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Justin Baldoni's lawyer takes a shot at Ryan Reynold's 'SNL' joke while fighting to keep his client's phone records out of court Justin Baldoni's lawyer said that he is "unaware" of anyone "whose wife has been sexually harassed and has made jokes about that type of situation."
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JPMorgan Chase plans Zelle restrictions due to fraud risk

American Banker - 18 Feb 2025 23:23
JPMorgan Chase plans Zelle restrictions due to fraud risk The amended language in the bank's terms and conditions will halt payments to social media sellers. It comes as banks on the P2P app face increased political pressure to step in and stop fraud on the platform.
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JPMorgan Chase plans Zelle restrictions due to scam risk

American Banker - 18 Feb 2025 23:23
JPMorgan Chase plans Zelle restrictions due to scam risk The amended language in the bank's terms and conditions will halt payments to social media sellers. It comes as banks on the P2P app face increased political pressure to step in and stop fraud on the platform.
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XRP Price Analysis: 'Buy the Dip' or 'Sell the Rip'? Critical $2.50 Level Decides XRP's Fate XRP’s price action on Feb. 18, 2025, reflects short-term bearish pressure amid critical support tests. Technical indicators signal cautious optimism for a rebound if key levels hold. XRP The 1-hour chart reveals a clea...
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Inside Barry's Community-First Approach and How It Organically Forms Brand Partnerships Founded in 1998 in Los Angeles, the fitness brand Barry's now has 89 studios open in 15 countries. Jackie Lamping became the company's CMO in September, with the task of enhancing the company's global marketing strategy ...
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Elon Musk faces more conflict-of-interest questions after DOGE fires FDA staff reviewing Neuralink Reportedly among the recent job cuts at the FDA were workers overseeing the review of Musk's brain chip-implant company, Neuralink. Since the moment the Department of Government Efficiency (DOGE) was first proposed, Elon...
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After seeing my mom struggle to make ends meet, I made a career in finance. I now teach my children to save and invest — not worry about salary.
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