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Business News

Location American Business News for 6 March 2025
Consumers elected Trump to lower prices -- his policies could do the opposite "We're not seeing anything that is credibly going to address the high prices of food, housing, and health care that he pledged to do something about," one economist said.
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Bankers in both Canada, U.S. mull threat of trade war

American Banker - 6 Mar 2025 00:27
Bankers in both Canada, U.S. mull threat of trade war As steep tariffs on Canadian goods took effect this week, banks on both sides of the border expressed concern about the economic fallout and the uncertainty their customers face.
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European Central Bank cuts interest rates again The bank cuts rates to 2.5% but faces pressures from threatened US tariffs and plans to boost military funding.
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With Trump's tariffs paused, 'Big Three' automakers may race to build inventories Automakers got a reprieve from Trump's tariffs, and may use this time to build up inventories.
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Macy's stock falls as it cuts guidance in the face of 'external uncertainties' The retailer said it's taking a "prudent" approach to its outlook as it warns of a profit shortfall.
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Where America imports over $200 billion of food from a year America depends on outside countries for food imports. Let's take a look at where America gets food from and how Trump's tariffs could affect that.
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The German airline group has been struggling with its ageing fleet as hundreds of newer models face delivery delays.
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Salesforce cuts diversity hiring goals, joining Meta and Google in scaling back DEI initiatives Salesforce cuts explicit diversity hiring goals following Trump's executive orders, joining Amazon, Meta, and Google in scaling back DEI initiatives.
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Trump may be the As Trump seeks to turn the US into a crypto haven, the EU's MiCA regulation provides a robust framework that could secure Europe's leadership in the crypto space.
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Worst train companies to be named and shamed Millions of passengers will be able to see cancellation and delay data in train stations
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Apple's cofounder has some advice for DOGE

Business Insider - 6 Mar 2025 01:06
Apple's cofounder has some advice for DOGE Steve Wozniak said that mass firings are not a good way to conduct business.
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Trump's upcoming crypto summit is in focus. Here are catalysts that could refuel bitcoin's rally. A weekly look at the most important news and moves in crypto, and what's on the horizon in digital assets.
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Trump says he would 'probably' extend TikTok ban-or-sale deadline if necessary President Trump said Thursday that he would "probably" extend the deadline for a sale of China-owned TikTok if terms aren't reached before a 75-day window for negotiations expires on April 5.
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Elon Musk gave GOP senators his number. Just don't ask them about it. Having the power to call up Elon Musk is a precious commodity in the age of DOGE. GOP senators now have it — but they're staying coy.
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Brooklinen Sleep Week discounts: Get up to 25% off our favorite bedding and towels Brooklinen's 2025 Sleep Week sale features deals on bedding, towels, and more. Here are the best deals up to 25% off.
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Gap has been in the midst of a turnaround under CEO Richard Dickson and has blown away Wall Street expectations for four quarters in a row.
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Treasury's Scott Bessent says 'access to cheap goods' is not the 'American dream' Treasury Secretary Scott Bessent stood by President Trump's policy plans during a speech delivered to top economists on Thursday.
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Garantex Website Replaced by Feds' Seizure Notice in Coordinated Cyber Operation The U.S. Secret Service, collaborating with global law enforcement partners, confiscated the website of Garantex, a Russian cryptocurrency platform accused of enabling illegal financial activities. Previously sanctioned ...
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Google Will Explore Ads in AI Mode, Taking Cues From Ads in AI Overviews Google will "explore bringing ads into" its new AI Mode, the company told ADWEEK. AI Mode, rolled out in beta Wednesday, can conduct multiple searches at once to serve up in-depth, multi-step responses to complex user qu...
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Cross River says its capital markets expansion is paying off The New Jersey bank, which has been investing in its capital markets business, recently helped the fintech lender Best Egg securitize and sell $160 million of loans.
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XRP Price Analysis: Bulls Eye $3 as Key Resistance Holds XRP is trading at $2.60, with a market capitalization of $150 billion and a 24-hour trading volume of $5.67 billion, moving within an intraday range of $2.48 to $2.63 as traders assess key technical levels across multipl...
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Investors are acting like recession may strike

Business Insider - 6 Mar 2025 23:10
Investors are acting like recession may strike The S&P 500 and the small-cap Russell 2000 have plunged. As risk appetite fades, yields have come down amid rising calls for a 2025 US recession.
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