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Business News

Location American Business News for 21 May 2025
SEC Chair Outlines Key Priority to Develop Rational Crypto Framework Crypto regulation is entering a new era as the SEC commits to ditching aggressive enforcement in favor of crystal-clear rules, unleashing long-awaited momentum for blockchain innovation. Crypto Gets Regulatory Reset as S...
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Robinhood Proposes SEC Framework to Bring Real-World Assets Onchain Robinhood has submitted a detailed proposal to the U.S. SEC seeking a unified regulatory framework for tokenized real-world assets. If adopted, it could establish the foundation for a legally compliant, blockchain-powere...
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Trump admin drops Biden-era Southwest Airlines lawsuit over delays The Trump administration dropped a lawsuit against Southwest Airlines over its allegedly chronic flight delays.
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Did Trump really strike Gulf deals worth $2tn? Some analysts question whether the amount of investment will ultimately be that high.
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Senate OKs 'No Tax On Tips Act' With Unanimous Vote The act proposes a tax deduction of up to $25,000 for cash tips reported to employers.
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Why Home Depot's approach to prices and tariffs will 'likely play better' to Trump administration 'We don't see broad-based price increases for our customers at all going forward,' exec says
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Target slashes outlook after tariffs, DEI boycotts slam sales: 'We're not satisfied with these results' The Minneapolis-based retailer now expects net sales to fall by a low single-digit percentage, abandoning earlier hopes for a modest increase.
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Everyday investors keep making Wall Street pros look dumb with this one simple move 'It was a no brainer' for retail traders, but professional market participants have missed the trade
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TJ Maxx parent's stock falls after it warns of a profit shortfall on tariff costs Quarterly sales and profit narrowly beat analyst estimates, but the retailer's outlook falls short of projections.
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EU Enacts Harsher Energy Sanctions On Russia, While U.S. Ponders Them Make no mistake: economic sanctions are a much better way to go than forcing Ukraine to capitulate to the aggressor.
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Trump's Tax Policy Collides with Market Reality

The New York Times - 21 May 2025 14:43
Trump's Tax Policy Collides with Market Reality Another spike in Treasury bond yields puts lawmakers in a tricky spot as they push for big cuts that could drastically swell America's debt pile.
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What to know about Trump's $175 billion 'Golden Dome' missile defense plan Trump announced the defense system would be operational by 2029. U.S. President Donald Trump’s plan for a “Golden Dome” to protect the United States from long-range missiles was at least partly inspired by Israel�...
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Meta Says 'Just Trust Us' With AI Ads, Will Amazon Follow Suit? Why Amazon's approach to AI-powered ads will likely differ from Meta's "just connect your bank account" vision.
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Bitcoin Price Flirts Near Record High--Is a Melt-up on the Horizon? The price of bitcoin is hanging around the $106,831 range as it reached an intraday high of $107,340 per coin. Bitcoin's Six-Figure Streak Hits Day 13--Record in Sight At 8 p.m. Eastern time, bitcoin (BTC) is coasting al...
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Google is partnering with Warby Parker on developing smart glasses through its Android XR platform, challenging Meta's smart Ray-Bans.
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Elon Musk said he has no plans to purchase the ride share app, Uber, saying Tesla owners will be able to lend their car to Tesla's autonomous fleet.
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Laurene Powell Jobs Cuts 10% of Jobs at Emerson Collective

The New York Times - 21 May 2025 23:51
Laurene Powell Jobs Cuts 10% of Jobs at Emerson Collective Ms. Powell Jobs has privately said her philanthropy needed to practice more austerity, according to people who heard her remarks.
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Has the U.S. Given Up on Sudan?

The New Yorker - 21 May 2025 23:50
Has the U.S. Given Up on Sudan? From the daily newsletter: Nicolas Niarchos reports from Khartoum. Plus: the radical courage of Noor Abdalla; and Justin Chang reviews the latest "Mission: Impossible" movie.
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The 'Tush Push' Lives After NFL Owners Reject Proposal To Ban It A large majority -- 22 -- of league owners supported the 'tush push' ban, but it needed 24 votes to pass. The Eagles have score 27 touchdowns on the play since 2022.
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As OpenAI competes with tech giants such as Google, Meta and Apple, it's recruiting some of the most well-known figures in the tech industry.
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Famous Apple designer Sir Jony Ive joins OpenAI OpenAI is moving into hardware, in a threat to giants such as Sir Jony's former firm.
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Court OKs Rite Aid Pharmacy Asset Sale To CVS, Walgreens And Grocers A U.S. bankruptcy court approved the sale of pharmacy assets from more than 800 Rite Aid stores to CVS Health, Walgreens and grocers including Kroger and Albertsons.
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