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Business News

Location American Business News for 20 February 2025
Stephan Gratziani, who started as an independent distributor at Herbalife nearly 34 years ago, will take over the top job May 1.
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Pat O'Toole Leaves Burger King To Join Unleashed Brands As CMO Burger King chief marketer (CMO) Pat O'Toole has left the QSR and joined Unleashed Brands as its new chief marketing officer, the company revealed on Thursday. At Unleashed Brands, O'Toole will oversee the marketing effo...
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DOGE accessing 'the motherlode' of Americans' private IRS data raises serious questions. We've got answers. The data system DOGE wants access to includes people's bank account information, Social Security numbers -- and whether they're under investigation by the IRS.
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Trump tariffs could hit Indian pharma exports by $2.25 billion The US is India's largest export market for pharmaceuticals, accounting for over 30% of overall pharma exports in FY23-24 at $8.7 billion
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Palantir's stock is extending its big decline. Is the selloff justified? One analyst thinks Palantir will end up benefiting from Pentagon budget cuts, contrary to fears. But the stock remains pricey relative to others in software.
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Oil prices up slightly after industry data shows rise in U.S. crude inventories Oil futures ticked up slightly Thursday after industry data showed a rise in U.S. crude inventories ahead of official figures.
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Markets will offer this signal when investors take Ukraine peace prospects seriously One analyst is calling this commodity the "truth serum," saying, "If peace talks gain traction, [it will] tell us before the headlines do."
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Airbus CEO Guillaume Faury said Comac's "privileged access" to the Chinese market could let it sell aircraft to other countries as well.
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Alibaba earnings top analyst expectations. The stock is surging. Chinese online conglomerate Alibaba on Thursday said its December-quarter profit improved due to growth in all of its main businesses, and notably its international e-commerce business.
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Bitcoin's weakness may mean the U.S. stock-market rally isn't sustainable. Here's why. Bitcoin's recent weakness may indicate that the U.S. stock rally is more fragile than it seems.
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Amazon makes Zoom the 'standard' app for internal meetings and starts using Microsoft 365 tools, internal memo shows Amazon transitions to Zoom for internal meetings, replacing Chime, and begins integrating Microsoft 365 tools, according to an internal memo.
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Oz, Trump's Medicare Nominee, Pledges to Divest Interests in Health Care Stocks The celebrity doctor said he would divest from his interests in many drug, medical and insurance companies, worth millions of dollars.
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The stock market's previous breakneck pace is slowing down. Here's what investors can expect next. After two blockbuster years, it seems U.S. stocks are taking it easy in early 2025. Investors aren't exactly pleased.
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Rivian hits a milestone, and its stock jumps 5%

Market Watch - 20 Feb 2025 23:52
Rivian hits a milestone, and its stock jumps 5% Rivian Automotive Inc. makes good on its promise to get to its first quarterly gross profit and blows past Wall Street estimates for its sales.
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FTC seeks public's input on 'un-American' and 'potentially illegal' Big Tech censorship -- including 'shadow banning' The Federal Trade Commission is seeking the public's input on whether Big Tech firms like Google and Facebook parent Meta censor their users, the agency announced on Thursday.
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Walmart was the Dow's worst performer today. Analysts aren't nervous. Walmart was the Dow Jones Industrial Average's worst performer on Thursday, after the big-box retail chain forecast its first year-over-year drop in quarterly profit in three years.
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Elon Musk is big in Trump's government. He also owns X. Is X's Linda Yaccarino telling companies to give it business, or risk government reprisal?
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Bitgo and Copper Introduce Off-Exchange Settlement Model With Deribit Integration Crypto firms Bitgo Trust Company, Inc. and Copper have launched a trading model allowing clients to execute spot and derivatives trades on Deribit while assets remain in off-exchange custody, the two companies announced ...
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Retired pilot explains how everyone survived the Toronto crash Mark Stephens, a retired pilot, walks us through how a Delta Airlines plane crash-landed and flipped in Toronto with everyone onboard surviving.
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Trump Meets With Tiger Woods About Merging PGA Tour with LIV Golf The president has been agitating recently to repair the divide between the PGA Tour and LIV Golf that has shadowed professional golf for several years.
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Meta filed a lawsuit alleging one of its users bought and sold Instagram usernames. This is the first time it's filed such a suit in the US.
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Companies like GM, Boeing are dismantling DEI by 'quiet quitting' woke policies "We no longer tell people to bring their whole selves to work ... in fact, we want the political part of them to stay home," one executive at a company rolling back DEI told NYNext.
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