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Business News

Location American Business News for 6 May 2025
Elon Musk, Mark Zuckerberg and Larry Fink slated for Saudi conference next week: 'MAGA in the Desert' Government officials set to beat the drum for investing in the US include Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, sources told The Post.
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Can Trump really put tariffs on films produced abroad? The law says no. A law passed by Congress in 1988 explicitly bars the president from being able to regulate the import and export of films, books and music -- something TikTok recently brought up.
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Why Palantir's stock is falling even though its earnings were 'on fire' The software company's upbeat results were already priced into the stock, and growth could slow from here.
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Mattel to hike prices on Barbie, Hot Wheels, other toys to offset Trump tariff costs The toymaker also withdrew its annual earnings forecast, citing the ongoing uncertainty surrounding the president's trade policies.
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Home heating oil and fuel prices drop to 2021 levels People who heat their homes with oil have been advised to buy now despite the upcoming summer months.
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OpenAI says it can't supply as much AI as people want -- so it's making a change The AI startup says it will change its for-profit subsidiary into a public-benefit corporation, following controversy over prior restructuring plans.
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UBS to pay $511 million to end Credit Suisse U.S. tax probe A Credit Suisse unit pleaded guilty to conspiring to help its customers hide more than $4 billion from the Internal Revenue Service in at least 475 offshore accounts.
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UK and India agree 'landmark' trade deal The deal will give better access for UK whisky and cars to the Indian market.
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Trump Tariff Turmoil Hits Hollywood: Wrong Solution, But Real Problem Hollywood is challenged by the decline of locally produced TV and film but Trump's proposed new tariff regime will do little or nothing to alleviate these problems.
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Elon Musk's EV maker suffered a 62% slide in sales in the UK last month, with China's Jaecoo and Omoda both selling more vehicles than Tesla.
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Tesla sales in Europe continue to dive even after Model Y shift Tesla sales tumbled in April in key European markets of Germany and the U.K., according to data released Tuesday.
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US Releases Draft Crypto Framework--'Golden Age of Digital Assets Is Here' The U.S. has unveiled a sweeping draft crypto bill that redefines digital asset oversight, igniting momentum for regulatory clarity, investor protection, and global market leadership. New US Crypto Asset Bill Draft Drops...
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Cisco's Foundation-sec-8B LLM & Meta's AI Defenders redefine cybersecurity with open-source AI for scalable SOCs.
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The student-loan trend that's 'alarming' lenders: Even borrowers with great credit scores are falling behind Delinquency trends are going from bad to worse, according to one analysis.
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Upstart tumbles on second-quarter outlook, even as its full-year forecast gets more upbeat Shares of Upstart Holdings Inc. tumbled after hours on Tuesday after the artificial-intelligence lending platform forecast a second-quarter loss and sales that missed Wall Street's expectations.
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Super Micro cuts its outlook once again, now acknowledging possible tariff impacts The company lowered its forecast for the fiscal year and came up short with its outlook for the current quarter.
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Toy makers say toys are an important part of a child's growth and development, but President Trump insists children don't need as many toys.
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AI's role in patient-centric care

Fast Company - 6 May 2025 23:35
AI's role in patient-centric care Love the practitioner, transform the practice with artificial intelligence The Fast Company Impact Council is an invitation-only membership community of leaders, experts, executives, and entrepreneurs who share their ins...
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Chinese Imports to US Hit 20-Year Low as Tariffs Sink In

The New York Times - 6 May 2025 23:34
Chinese Imports to US Hit 20-Year Low as Tariffs Sink In While imports can swing with seasonal shifts, President Trump's ratcheting up of U.S. tariffs on China has begun to cascade through supply chains, government data shows.
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New AWS report reveals 45% of global IT leaders now prioritize generative AI over cybersecurity in 2025 tech budgets as companies race to hire AI talent and implement AI strategies despite persistent skills shortages.
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Mastering How to Sell on Fiverr: Your Guide to Success as a Freelancer Unlock your potential as a freelancer with our comprehensive guide on how to sell on Fiverr. Discover essential tips, strategies, and best practices to boost your sales and succeed in the competitive freelance marketplac...
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Bitmain Lending Partner Antalpha Launches Nasdaq IPO Roadshow Antalpha Platform Holding has launched the roadshow for its upcoming initial public offering, planning to offer 3,850,000 ordinary shares at an expected price range of $11.00 to $13.00 per share. IPO Filed With SEC Antal...
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