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Business News

Location American Business News for 1 May 2025
Deloitte's move to 70 Hudson Yards leaves big hole to fill at 'stuffy' 30 Rock Deloitte will expand to 800,000 square feet at 70 Hudson Yards, a 717-foot-tall tower for which ground will be broken in June for completion in late 2028.
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Tesla board looked for new CEO as Elon Musk focused on White House: report Tesla board members reached out about a month ago to several executive search firms to find a successor to CEO Elon Musk, the Wall Street Journal reported.
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What the Grant Thornton audit found at IndusInd Bank Khurana, who joined the bank in November 2011 from the Royal Bank of Scotland, Singapore, resigned two days after Grant Thornton submitted its report on 26 April.
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Estee Lauder to lay off up to 7,000 -- more than it initially planned Estee Lauder said it would adopt a "more competitive approach" to its procurement by consolidating its spending and re-evaluating its suppliers.
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Meta's blowout earnings show why investors shouldn't sweat a boost to AI spending Meta raised its capital-expenditure forecast, but it's also posting strong enough revenue growth to support that spending.
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This fintech is turning MFs into instant payment wallets--but will users bite Fintech startup Curie Money is integrating UPI payments directly with liquid mutual funds, offering users better returns and instant access to funds. But with regulatory grey areas and consumer hesitance, the real challe...
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What investors are overlooking at Nvidia, Apple and a cruise-line operator, according to this fund manager The chief investment officer at Silvant Capital talks about what investors are overlooking at Nvidia, Apple and a cruise-ship giant.
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What 150 years of stock-market data says about performance during high-tariff eras A unique database of investment returns that dates back to 1875 shows that high tariffs can coexist with stock-market gains.
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Why Microsoft's stock is seeing an unusually large gain after earnings Microsoft saw a surprisingly strong performance in the cloud, but it's also monetizing generative AI well and moderating capital-spending growth.
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Forget Tariffs--The Real US-China Tech War Is Over Internet Freedom China is exporting censorship, surveillance, & cyber law to dominate global tech. The U.S. must act to protect Internet freedom, tech & AI standards, & US businesses.
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XRP traders predict new all-time highs as ETF approval odds rise to 85% Key takeaways: XRP ETF approval odds rise to 85% following a SEC leadership change. Analysts predict XRP could rise to new all-time highs again in 2025. XRP price dropped by 5% over the past 24 hours as US GDP data showe...
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Elon Musk also said the informal government department could run through to the end of Trump's term in 2028, two years longer than initially expected.
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Bitcoin Price Watch: Bulls Eye $97K as Momentum Builds Bitcoin hovered between $95,977 to $96,169 over the last hour with a market capitalization of $1.90 trillion and a 24-hour trading volume of $29.88 billion. Trading occurred within a tight intraday range between $93,333 ...
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BRICS Slashes US Dollar Use to One-Third as Local Currencies Surge in Trade BRICS trade just hit a seismic milestone -- over 65% now in national currencies as the bloc accelerates its exit from the U.S. dollar. BRICS Pushes Dollar Aside, Eyes Next-Level Financial Sovereignty Russian Foreign Mini...
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Hegseth Signal Probe Reportedly Expanded To Include Second Group Chat--Here Are The Other Security Allegations Against Him Secretary of Defense Pete Hegseth has faced allegations of sharing classified information on Signal, a commercially available messaging app, at least twice.
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'Thunderbolts*' Box Office Projections Up Slightly Heading Into Weekend Marvel's "Thunderbolts*" is projected to make more than early tracking suggested but will likley fall short of the opening numbers for "Captain America: Brave New World."
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Why Cullen/Frost isn't too worried about tariffs

American Banker - 1 May 2025 23:54
Why Cullen/Frost isn't too worried about tariffs Executives at the San Antonio bank say their business customers should be able to pass along higher costs from tariffs to consumers. Still, the bank acknowledged the risk of a recession.
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This is why Reddit's stock is rising after earnings

Market Watch - 1 May 2025 23:51
This is why Reddit's stock is rising after earnings Reddit Inc. shares climbed 2.4% in extended trading Thursday after the social-media platform's first-quarter daily active users, revenue and profit topped Wall Street's expectations.
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Sean 'Diddy' Combs Officially Rejects Plea Deal: Here's The Latest On His Federal Charges The latest news on Sean 'Diddy' Combs' as he awaits trial on charges of sex trafficking and racketeering.
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Warren Buffett proves, once again, why he's the best Just days ahead of Berkshire Hathaway's annual shareholder meeting, the stock has outperformed the market by a wide margin -- as usual.
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Apple warns tariffs will add $900M to costs -- and CEO Tim Cook unveils iPhone pivot Tariff uncertainty has sent shares of Apple, which makes 90% of its products in China, down about 15% this year.
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Facilitating Spam Attacks or Nothing Burger? Drama Ensues Over Changes to This Bitcoin Guardrail Feature The bitcoin development community is divided over a proposal to remove certain guardrails designed to deter the use of its blockchain for storing arbitrary data (or ‘spam’). Some developers argue that this change wil...
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