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Business News

Location American Business News for 22 February 2025
North Korea's Lazarus Group's Sophisticated Tactics Behind $1.46B Bybit Crypto Heist North Korea's Lazarus Group, a state-backed hacking collective renowned for its technical sophistication, executed the largest cryptocurrency theft in history by stealing $1.46 billion from Bybit, investigators confirmed...
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Dow wipes out its gains since Trump's inauguration as 'stagflation' fears return U.S. stocks ended the week on an ugly note Friday, posting their worst day of 2025 -- and a run of soft economic data was getting much of the blame.
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U.S. stocks are near record highs. Why are investors so worried? Sentiment gauges have soured -- but the S&P 500 was at record highs just a few days ago. What's going on?
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L.A. fire victims face an impossible math problem: Sell their burned-down homes at a loss, or rebuild for a fortune? Homeowners have been warned not to take lowball offers -- but what is a reasonable price for a fire-damaged lot in one of the country's most expensive real-estate markets?
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Gig workers for services like DoorDash and Uber Eats relied on tips for a majority of their earnings last year, a report from Gridwise found.
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Pokémon cards spiked 20% in value over the past few months. Here's why The Pokémon card boom is getting bigger, with overall value of cards rising recently--and some individual cards increasing by as much as 150%. It might sound a little silly that there's an entire subgenre of influencers...
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Why US stocks are lagging, despite Trump's 'America First' pledge Donald Trump's "America First" mantra hasn't applied to US stocks this year. Here's why investors are gravitating to European stocks right now.
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Judge Carl Nichols in a Friday ruling allowed President Donald Trump's staff reductions in the US Agency for International Development to proceed.
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Bybit Faces Historic Withdrawals--350K Requests and Counting Bybit scrambled to process over 350,000 withdrawal requests after a massive hack, with executives calling it possibly the worst financial breach ever. Bybit in Crisis Mode—350,000 Withdrawals Flood the System Ben Zhou,...
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Miami's getting a new bank; Citi adds an accounting chief

American Banker - 22 Feb 2025 00:35
Miami's getting a new bank; Citi adds an accounting chief FNB Corp marked the grand opening of its new downtown Pittsburgh headquarters this week. The bank owns and occupies the majority of the 26-story tower in the city's Hill District, a new addition to the city's skyline and...
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MSG Networks, Optimum reach deal at long last to bring back games for Knicks, Rangers fans MSG Networks is back on Optimum in time for tonight's Rangers game.
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Ye's Crypto Gamble: Rumor Mill Links YZY to BNB Launch and Doginal Connection Kanye West, legally known as Ye, plans to introduce a meme-inspired cryptocurrency named YZY — a move that comes even after he publicly condemned such tokens as manipulative and driven by empty buzz. Ye Follows CZ on X...
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Robinhood CEO Vlad Tenev calls prediction markets 'the future' and says the company will play a 'leading role' Robinhood CEO Vlad Tenev says the company is going all in on prediction markets after its success with them during the presidential election season.
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Only by bringing friction back into the conversation can we responsibly build out new technologies with growth potential and staying power.
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Trump tells Musk: 'Get more aggressive'

Business Insider - 22 Feb 2025 22:02
Trump praised Musk's efforts to reduce the size of the federal bureaucracy and then called on him to do even more.
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The Major U.S. Companies Scaling Back DEI Efforts as Trump Targets Initiatives Trump has been targeting diversity, equity, and inclusion (DEI) efforts at the federal level, and the impact is being felt far and wide.
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Report: SEC Concludes Opensea Probe, Drops Enforcement Threat Over NFTs The U.S. Securities and Exchange Commission (SEC) has reportedly ended its investigation into Opensea and will not pursue enforcement action against the non-fungible token (NFT) marketplace over allegations that its NFTs...
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Tesla Is Again Showing Signs It Wants to Sell Cars in India

The New York Times - 22 Feb 2025 21:36
Tesla Is Again Showing Signs It Wants to Sell Cars in India Bringing showrooms filled with high-end American-made electric vehicles to India would mark a symbolic victory for President Trump's ally.
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Mark Cuban: Democrats Are Too Inept to Exploit Trump's Chaos "I learned the Democrats can't sell worth sh-t."
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Warren Buffett urges Trump to spend government funds wisely, protect US dollar In his latest letter to shareholders Saturday, Warren Buffet slipped in a subtle yet pointed remark aimed at the Trump administration, urging government not to jeopardize the US dollar.
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Warren Buffett, warning of 'scoundrels' and 'fiscal folly,' slashes his exposure to U.S. stocks Instead, the "Oracle of Omaha" has become a "committed" and "long-term" investor in a handful of Japanese companies.
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Bybit's Hack Handling Earns Commendation From Former Binance CEO A $1.4 billion hack at Bybit prompted former Binance CEO Changpeng Zhao, known as CZ, to commend Bybit's chief executive, Ben Zhao, for his transparent and measured response. Massive Bybit Hack Spurs CZ to Warn: 'We Shou...
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