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Business News

Location American Business News for 19 February 2025
The U.S. government may soon return Fannie Mae and Freddie Mac to private markets less than two decades after turmoil nearly toppled the mortgage industry.
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HP to Buy Humane, Maker of the Ai Pin, for $116 Million

The New York Times - 19 Feb 2025 02:54
HP to Buy Humane, Maker of the Ai Pin, for $116 Million Humane, which marketed its Ai Pin as the next big thing after smartphones, had raised $240 million from investors, including OpenAI's Sam Altman. The pin will be discontinued.
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MicroStrategy has cut 20% of its workforce as its bitcoin buying multiplies MicroStrategy, now doing business as Strategy, has been buying so much bitcoin that it now reports when it didn't buy any.
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The Palantir Guide to Saving America's Soul

The New Yorker - 19 Feb 2025 20:39
Alexander Karp, Palantir's philosopher-C.E.O., thinks that a restored military-industrial complex can make our country great again.
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Apple to launch new lower-price iPhone at $429 as it faces stiff Chinese competition The tech giant is expected to introduce a new version of its iPhone SE, a somewhat more outdated smartphone that starts at just $429 on its website.
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Wingstop's stock slides 7% as higher chicken costs lead to revenue shortfall The revenue miss -- driven by higher costs of food, beverage, packaging and bone-in chicken wings -- offset a profit beat.
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Etsy misses Wall Street's revenue estimate as marketplace sales dip Etsy's stock was down 7% in premarket action after it came up short of revenue expectations while beating its profit mark.
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The Philippine Mars took its final flight. See photos of the flying-boat aircraft from WWII to its last 800-mile journey. The Philippine Mars' final flight ended in Lake Pleasant, Arizona, where the aircraft will be displayed. See photos of the WWII-era flying boat.
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Strategy Moves to Raise $2B for More Bitcoin--Massive BTC Buy Incoming? Betting big on bitcoin, Microstrategy is raising $2 billion through convertible notes to fuel further BTC acquisitions, reinforcing its vision as the ultimate bitcoin treasury firm. Strategy Targets $2B in Fresh Capital�...
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Bumble investors shrug off revamp, shares drop as forecast disappoints Shares of Bumble Inc. slid after hours on Tuesday after the dating app forecast first-quarter sales that missed Wall Street's expectations, as it tries to reinvent itself to help users better connect.
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Fed's shift to 'inclusive' employment goal may be to blame for rising inflation: economists Economists have been sounding the alarms that the Fed's "inclusive" employment strategy may be to blame for staggering inflation.
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Electric truck startup Nikola files for bankruptcy After struggling to raise cash and undergoing several leadership changes, the electric semi truck maker Nikola filed for bankruptcy Wednesday.
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As Trump, GOP grow leery of Medicaid cuts, here's who may foot tax-cut bill Congressional Republicans and President Donald Trump are hurtling toward a collision over tax reform, exposing a growing ideological rift over healthcare spending that could threaten the president's legislative agenda in...
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Will your tax preparer save you money or make costly mistakes? Look for these red flags. How to make sure you get what you pay for.
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Why healthcare navigation is a broken system

Fast Company - 19 Feb 2025 23:45
Why healthcare navigation is a broken system The solution is an all-in-one healthcare model. How is that different? The Fast Company Impact Council is a private membership community of influential leaders, experts, executives, and entrepreneurs who share their insi...
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Nigeria Eyes Crypto Tax Revenue

Bitcoin.com - 19 Feb 2025 23:40
Nigeria Eyes Crypto Tax Revenue Nigeria’s Securities and Exchange Commission is working to bring licensed crypto exchanges into the formal tax system, with a related bill likely to pass in early 2025. Nigeria Aims to Increase Revenue The Nigerian Sec...
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Donald Trump could terminate almost 16,000 recently hired IRS employees next week, in the middle of the tax season, as part of the broader federal downsizing spearheaded by Elon Musk.
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These 12 stocks could be big winners if they make this one key move Stock splits make companies more attractive investments and boost share prices. Here's how to find likely candidates.
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US Fed warns Trump's tariffs may increase prices The minutes from the last meeting of the e Fed's rate setting committee reveal inflation concerns.
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No, 'DOGE' cannot save Social Security or Medicare

Market Watch - 19 Feb 2025 23:26
No, 'DOGE' cannot save Social Security or Medicare I don't care how many dead people they think they see in the Social Security system -- the numbers aren't there.
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Forever 21 plans to close 200 stores in second bankruptcy: report The potential bankruptcy is also looking for a buyer for the retailer's remaining stores.
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Trump Labor Nominee Lori Chavez-DeRemer Faces Pressure at Senate Hearing Asked for her views on pro-labor legislation she backed as a House Republican, Lori Chavez-DeRemer said she would simply serve the president's agenda.
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