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Business News

Location American Business News for 27 May 2025
The European Union said Monday that it will "fast-track" trade negotiations with the US as a new deadline looms.
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Wall Street looks set to rebound as U.S. stock futures rally after Trump delays E.U. tariff deadline Wall Street appears poised to surge when markets open Tuesday, after two days of rallies by U.S. stock futures, spurred by President Donald Trump delaying his latest threat of 50% tariffs against European Union imports u...
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Volvo Cars to slash 3,000 jobs in white-collar cutback

New York Post - 27 May 2025 00:30
Volvo Cars to slash 3,000 jobs in white-collar cutback VolvoCarswill cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it said on Monday. The layoffs...
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Trump's CFPB reverses course on 1033 open banking rule

American Banker - 27 May 2025 19:59
Trump's CFPB reverses course on 1033 open banking rule Agency lawyers called the rule, which was almost a decade in the making, "unlawful" in a court filing.
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Vivek Ramaswamy's firm wants to buy biotech companies to bet on bitcoin Strive Asset Management has raised $750 million to pursue the strategy while Ramaswamy runs to be Ohio's governor.
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Tesla sales plunge 49% in Europe as Elon Musk's firm faces brand crisis, China rival Tesla’s sales in Europe plunged in April as the electric car maker faced backlash over Elon Musk's political work and rising competition from China-based rival BYD. Tesla sold just 7,261 cars in the region last month -...
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Dow soars more than 400 points after Trump postpones 50% tariff on EU imports The Dow Jones Industrial Average soared by more than 400 points -- or 1.16% while S&P 500 climbed 1%.
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Apple's iPhone exports from India to US jumped 76% in push to avoid China tariffs The move to India is angering both Beijing, which wants the iPhone maker to maintain its manufacturing in China, and President Trump, who has continued to pressure Apple to move all of its production to the US.
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Peter Brandt Ignites XRP or SOL Clash With Bold $100K Trading Scenario Veteran trader Peter Brandt ignited a firestorm in the crypto world by pitting XRP against solana, spotlighting bullish breakout patterns that could reshape the altcoin leaderboard. Peter Brandt Poses High-Stakes XRP or ...
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SpaceX Planning Starship Launch Today After Last Two Ended In Explosions (Live Updates) Tuesday will be SpaceX's ninth launch of Starship, a spacecraft designed to be fully reusable, and is following two previous launches that ended in explosions.
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Federal Judge Richard Leon on Tuesday ruled that Donald Trump's executive order targeting the Big Law firm WilmerHale amounts to illegal retaliation.
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Karl Stanley once rode in the Titan submersible with Stockton Rush. He says two documentaries about the implosion will shed further light on the CEO.
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Growing BTC reserve requires Congressional legislation -- VanEck exec Building a permanent US strategic Bitcoin reserve would likely require targeted legislation rather than executive action, according to VanEck’s head of digital assets, Matthew Sigel. Speaking at Bitcoin 2025 in Las Veg...
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Trump supports bill to buy 1 million BTC -- Senator Lummis US President Donald Trump supports the BITCOIN Act and has a team of experts in the White House working to roll out landmark digital asset legislation in the coming weeks, according to Wyoming Senator Cynthia Lummis. Spe...
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Lautaro Martínez Dreams Of Champions League Glory Lautaro Martínez seeks the ultimate prize as captain of Inter Milan in the UEFA Champions League Final against PSG this Saturday
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How AI is making the invisible visible in branding

Fast Company - 27 May 2025 23:35
How AI is making the invisible visible in branding AI is extending the boundaries of sensory imagination--and reshaping brand experience. In an era where artificial intelligence is rapidly redefining creative industries, branding stands at a pivotal crossroads. Tools lik...
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The 'Lilo & Stitch' box office numbers show Disney learned a major lesson after the 'Snow White' debacle "Lilo & Stitch" broke box office records on Memorial Day weekend. It's a quick change of fortune for Disney after their last live-action remake "Snow White" flopped.
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UFC Announces First Nine Fights For UFC Nashville Fight Card The UFC has officially announced the first nine fights for the upcoming UFC Nashville fight card. The event is headlined by Derrick Lewis vs. Tallison Teixeira.
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Philadelphia-area credit union seizes on SBA for relevance Citadel Credit Union is joining the small cadre of credit unions active in the Small Business Administration's biggest loan program as it seeks to expand in its small-business-rich footprint.
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Selling Bitcoin is like playing in a 'bad house-rate casino' -- Adam Back Selling Bitcoin is like “playing in a really bad house-rate casino,” according to Adam Back, CEO of Blockstream and one of Bitcoin’s earliest adopters. In a recent interview with Bitcoin financial services firm Unc...
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Nvidia's earnings are the stock market's next major test after May's Big Tech comeback The "Magnificent Seven" comeback follows a harsh fall after President Donald Trump's "liberation day" tariffs shocked investors, businesses and U.S. trade partners
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Mohamed Salah Adds FPL Points Record To All-Conquering Liverpool Season The Egyptian has broken numerous records during his time at Liverpool, and has now done so in the Premier League's official fantasy game, Fantasy Premier League.
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