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Business News

Location American Business News for 7 May 2025
Cisco says it has a new chip that can make quantum computing useful more quickly The company announced a new quantum lab and a research prototype chip that it said could make quantum computing possible within the next decade.
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Rivian makes all its EVs in the U.S., but it still isn't immune to Trump's tariffs Rivian Automotive Inc. is the latest U.S. car maker to change course amid concerns about tariffs.
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U.S. and China to Hold First Trade Talks Since Trump's Tariffs Scott Bessent, the Treasury secretary, and Jamieson Greer, the United States trade representative, will discuss trade and economic matters with the officials this week.
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SEC Signals Major Shakeup for Crypto Funding With Regulation A Under Fire SEC leadership is turning up the heat on outdated capital-raising rules, with bold signals that long-overdue Regulation A reforms could finally open floodgates for crypto ventures. SEC Chair Blasts Regulation A Limits, C...
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Newsom wants a federal tax credit to save Hollywood. Why that's a long shot While President Trump has called for tariffs to help the U.S. film business, others are pushing for a federal tax incentive that they say could boost domestic production.
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Oil and gas firm plans to cut 250 jobs in Aberdeen Harbour Energy, a critic of the windfall tax, claims a "punitive" fiscal regime is harming profits and investment.
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Last week, an estimated 131,800 people -- many of them cosplayers dressed as their favorite video game characters -- went to Gamescom Latam.
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The Walt Disney Company Announces New Disney Theme Park In Abu Dhabi The Walt Disney Company has announced a plan to build a new theme park and resort in partnership with Miral in Abu Dhabi, United Arab Emirates.
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Hopes that tariff fear has peaked sees this sentiment gauge flip to risk-on The stock market's sharp rally after its April swoon has flipped one measure of animal spirits on its head.
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When will interest rates go down again? Interest rates, set by the Bank of England, affect mortgage, loan and savings rates for millions.
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Countdown to Scott Bessent's Trade Talks With China

The New York Times - 7 May 2025 13:50
Countdown to Scott Bessent's Trade Talks With China Treasury Secretary Scott Bessent will finally start negotiating with Chinese counterparts. But business leaders shouldn't expect any sudden breakthroughs.
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Rising Gold Warns Markets: Fed Must Cut Reserve Rates Now Tariff turmoil and a shaky economy demand action. The Fed must cut interest on reserves and revive a gold-linked dollar to help our vulnerable economy.
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China Is Likely to Play Hardball in U.S. Tariff Talks

The New York Times - 7 May 2025 12:56
China Is Likely to Play Hardball in U.S. Tariff Talks Beijing says it will meet with American officials to discuss trade, but warned Washington against using the engagement to ratchet up pressure on China.
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Powell says Trump tariffs could delay inflation progress -- and rate cuts -- by a year Fed chairman warns of rising inflation and mentions a possible recession as well.
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Even Republicans are getting concerned about Social Security cutting staff and closing offices Fifteen Republican members of Congress took aim at proposed customer-service changes at the Social Security Administration, while the House Committee on Ways and Means invited the newly confirmed Social Security commissi...
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CBS unveiled its new programming lineup amid great uncertainty. Its parent company is struggling to close its sale to David Ellison's Skydance Media.
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Bitcoin Edges Higher After Fed Leaves Rates Untouched The central bank committee members unanimously voted to keep rates unchanged and expressed concerns about the elevated levels of inflation. BTC Trends Upward After Fed's Rate Decision The price of bitcoin (BTC) jumped 2%...
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Why Nvidia investors are cheering Trump's likely dismantling of Biden's AI chip rules The policy change could make it easier for AI chip companies to sell into the Middle East.
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AppLovin shows a different story than other ad-tech names, and the stock rallies At least for AppLovin, ad-tech concerns seemed to fade.
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British Steel creates 180 jobs in production drive Most of the roles will be based at Scunthorpe, with others at the Teesside and Skinningrove plants.
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Learn How to Boost Sales from Successful Business People for Lasting Success Discover proven strategies and insights from successful business people in our article, "Learn How to Boost Sales from Successful Business People for Lasting Success." Unlock expert tips and techniques to elevate your sa...
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Solana Name Service Launches SNS Token to Boost Community Governance The Solana Name Service (SNS), a decentralized naming protocol on the Solana blockchain, has launched its SNS token to decentralize governance and align the project's future with its user community. Solana Naming Protoco...
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