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Business News

Location American Business News for 17 April 2025
Builders hit the brakes on home construction as tariffs and weak demand weigh on sales Housing starts fell a lot further than expected as builders pulled back on construction of new single-family homes.
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Could Injunction Block Trump Tariffs?: Lawyer Behind Lawsuit Breaks Down His Argument And Timeline On "Forbes Newsroom," Ilya Somin, a legal scholar and attorney, discussed his and the Liberty Justice Center's lawsuit against the Trump Administration which aims to e...
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Why China curbing rare earth exports is a blow to the US As the trade war continues to escalate, China has hit back at Trump by suspending exports of rare earth minerals.
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US lawmakers accused DeepSeek of spying for China and said they are looking into how Nvidia chips may have been obtained by the Chinese AI company.
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Despite Sell-Off, UnitedHealth Group CEO Touts Fast-Growing Businesses The surprising news that UnitedHealth Group lowered its 2025 profit forecast shocked Wall Street but the company still made more than $6 billion and is growing rapidly.
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UnitedHealth's earnings shock is tanking the entire health-insurance industry The stock fell as much as 20%, dragging industry peers Humana and CVS lower as well.
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White House Eyes Overhaul of Federal Housing Aid to the Poor

The New York Times - 17 Apr 2025 16:22
White House Eyes Overhaul of Federal Housing Aid to the Poor The Trump administration has considered sharply curtailing vouchers as part of its budget for the 2026 fiscal year.
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Fed officials still resisting pressure to cut interest rates after Trump calls for Powell's 'termination' New York Fed President John Williams pushed back on calls from President Donald Trump and others for a quick interest-rate cut, saying the Federal Reserve's benchmark rate was in a good place for the time being.
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Market volatility fuels record revenue for Schwab, and stock surges Broker says higher trading volumes have continued in early April
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President Donald Trump said in a Truth Social post that Federal Reserve Chair Jerome Powell's "termination cannot come fast enough."
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Americans don't want Trump's 'masculine' manufacturing jobs Trump says his tariffs will bring back manufacturing jobs, but Americans don't see themselves working on the assembly line.
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Ford may hike prices if Trump's auto tariffs persist, memo says "In the absence of material changes to the tariff policy as articulated to date, we anticipate the need to make vehicle pricing adjustments in the future, which is expected to happen with May production," Ford executive ...
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Minority Owner Luka Modric Can Inspire A Fresh Chapter At Swansea City Luka Modric won't be collecting another Champions League trophy this season after Real Madrid's defeat to Arsenal, yet the Croatian can soon kickstart success elsewhere.
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Bad News For Newsom? New Poll Shows Most California Voters Don't Want Governor To Run For President On "Forbes Newsroom," Matt Taglia, Senior Director of Emerson College Polling, discussed a new poll on California politics.
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Eaton fire victims on Thursday petitioned officials to reject State Farm's proposed rate hikes and investigate alleged service delays following the Jan. 7 fires.
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Bonds struggle since 'liberation day' tariffs, but Fed is in no rush to cut rates The U.S. bond market has been in rough patch since President Donald Trump announced "Liberation Day" tariffs.
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Former SEC Chairman Jay Clayton to Serve as Interim US Attorney for the Southern District of New York President Donald Trump already nominated Jay Clayton for the U.S. Attorney post, but Democratic minority leader Chuck Schumer has blocked the nomination, leaving Clayton in interim status. Trump-Era SEC Chairman Clayton ...
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Google ramps up the competition in the enterprise data space claiming its AI innovation help it to leapfrog rivals.
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New York AI startup 1Fort secures $7.5M in funding to streamline commercial insurance for small businesses with its broker-focused platform that cuts paperwork from hours to minutes.
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Jack in the Box springs into Fortnite

Venture Beat - 17 Apr 2025 20:00
Brands are chasing Gen Z in games, and so it's no surprise that Jack in the Box is springing into the gaming world of Fortnite.
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American Express results show that the company's wealthier customers may insulate it somewhat from concerns that tariffs and stubborn inflation have caused.
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Netflix reports first-quarter earnings after the closing bell Thursday.
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