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Business News

Location American Business News for 2 May 2025
Bitcoin hodler unrealized profits near 350% as $100K risks sell-off Key points: Bitcoin long-term holders are about to hit a level of unrealized profit, which has traditionally caused them to sell. That level coincides with the return to a six-figure BTC price. Order book data suggests t...
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Michael Saylor: Bitcoin Will Be $10M Before Financial Advisors Say 'Good Idea' to Buy Michael Saylor's $10 million bitcoin prophecy gains traction as trillions remain locked behind advisor restrictions, signaling a massive institutional breakout is only just beginning. $10M Bitcoin? Saylor Says That's Whe...
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Visa Integrates Stablecoins Into 150 Million Merchant Network Visa goes global with stablecoin card rollout, enabling crypto spending at over 150 million merchants. Visa Makes Stablecoin Payments Seamless at 150M Stores Visa and Bridge launched a stablecoin-linked card that enables...
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'Dr. Doom' Now Bullish on US Economy, Predicts 4% Growth Despite Trump's Tariffs Economist Nouriel Roubini presents an optimistic outlook for U.S. economic growth, forecasting a 4% annual rise by 2030. He believes that while trade restrictions could slow growth by 50 basis points, technological advan...
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Fastex Launches YoWallet, New Crypto Wallet

Bitcoin.com - 2 May 2025 13:00
Fastex Launches YoWallet, New Crypto Wallet This content is provided by a sponsor. PRESS RELEASE. Fastex has announced the launch of YoWallet, an upgraded version of its existing Fastex Wallet app. The migration process has already started, allowing users to trans...
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US Congress Seeks to End the Penny by Introducing the Common Cents Act The ‘Common Cents’ Act, which has bipartisan support, seeks to end the production of the $0.01 coin, commonly known as the cent, as its production and distribution costs exceed its face value. Representatives Lisa Mc...
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Riot Platforms posts Q1 loss, beats revenue estimates

Coin Telegraph - 2 May 2025 07:29
Riot Platforms posts Q1 loss, beats revenue estimates Bitcoin miner Riot Platforms has reported its highest-ever quarterly revenue, but still posted a loss as mining costs have nearly doubled compared to the same time last year and it moves to bolster its facilities. “We ...
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Exxon beats profit estimate as Pioneer acquisition fuels 20% production boost Oil major's stock rises as its books volume growth in the Permian and Guyana and benefits from cost-saving efforts.
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Hackers At Harrods -- What We Know About The Latest Retail Cyberattack Harrods is the latest major U.K. retailer to confirm a cyberattack as M&S continues to struggle with ransomware strike fallout.
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Luigi Mangione seeks to drop NY terrorism charge and shares new police body-cam photos in latest defense filing A defense filing reveals new police body-cam stills from his arrest — and that workers were advised not wear the UHC logo in public after the murder.
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DOGE at the Fed? Inside the $2.5 billion HQ upgrade that Elon Musk calls 'an eyebrow raiser.' Elon Musk has trained his cost-cutting eye on the Federal Reserve, questioning the central bank's ongoing $2.5 billion headquarters renovation and suggesting it may be a prime target for scrutiny by the so-called Departm...
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US adds surprisingly strong 177K jobs in April as labor market holds up in face of tariffs Analysts have cautioned, however, that a broader shift in hiring might not reveal itself in reports for another few weeks or even months.
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Trump's tariffs are America's Brexit, says this strategist. These are the trades to make. A waning AI bubble is another reason to favor European equity benchmarks over the U.S., says BCA strategist Dhaval Joshi.
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TikTok Fined $600 Million for Sending European User Data to China Irish investigators said TikTok did not protect the data of users in the European Union, improperly transferring some of it to China. TikTok said it would appeal.
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European Union to ban anonymous crypto and privacy tokens by 2027 The European Union is set to impose sweeping Anti-Money Laundering (AML) rules that will ban privacy-preserving tokens and anonymous cryptocurrency accounts from 2027. Under the new Anti-Money Laundering Regulation (AMLR...
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Chevron's stock heads for 3-year low as earnings are hurt by lower oil prices Shares of Chevron Corp. were sinking toward a three-year low in early trading Friday.
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Movement Labs suspends co-founder following MOVE market turmoil Movement Labs confirmed the suspension of its co-founder, Rushi Manche, following controversies over a market maker deal that he brokered. Movement announced the suspension of Manche in a May 2 X post, explaining that th...
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The bank's Wealth Solutions division was a standout performer during the quarter, posting a 28% year-on-year increase in operating income.
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U.S. Payoff for Ukraine Minerals Deal Faces Many Hurdles

The New York Times - 2 May 2025 06:00
U.S. Payoff for Ukraine Minerals Deal Faces Many Hurdles The agreement could provide a windfall to the U.S., but the resources will be expensive to extract, and any progress is unlikely while the war rages.
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Trump's CFPB guts rule mandating small business loan data The Consumer Financial Protection Bureau will not enforce or supervise the 1071 small business lending rule, it announced in a press release. The rule requires collecting data on the race, ethnicity, gender and LGBTQ sta...
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Trump budget suggests eliminating some CDFI funds

American Banker - 2 May 2025 23:57
Trump budget suggests eliminating some CDFI funds President Donald Trump's proposed budget would nix funding for Community Development Financial Institutions in minority heavy areas while expanding it for rural areas.
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Will Warren Buffett Address Trump's Trade War? Mogul Set To Speak At Annual Berkshire Hathaway Meeting Warren Buffett has remained quiet on Trump's controversial tariff policy, which has raised the ire of trading partners and escalated the trade war between China and the U.S.
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