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Business News

Location American Business News for 30 May 2025
'Absolutely gutted': £16,500 Glastonbury packages won't be fulfilled after company goes bust Glastonbury ticket holders have been left thousands of pounds out of pocket after a luxury glamping company went bust.
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US sanctions Philippines tech firm accused of aiding crypto scams OFAC claims Funnull Technology purchased a code repository used by web developers and altered it to redirect legitimate websites to scam websites.
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Ripple Proposes Legal Framework to Help SEC Regulate Crypto Ripple is shaking the foundation of U.S. crypto regulation with a sweeping legal framework challenging SEC oversight, pushing for bold, market-friendly clarity on digital assets. Ripple Challenges SEC With Bold Legal Fra...
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US green energy firms brace for federal funding cuts Billions of dollars of US federal funding for green energy projects hangs in the balance.
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Gap beat Wall Street's expectations on the top and bottom lines but said new tariffs could cost it hundreds of millions of dollars.
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CVS Sues Arkansas Over Law Banning PBM Ownership Of Pharmacies CVS Health sued Arkansas, trying to thwart a law the healthcare company said would lead to the closure of all 23 CVS drugstores in the state.
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Markets are finely poised between a bullish breakout and bearish breakdown, says Bank of America strategist. This market is poised for a breakout that could swing either in favor of the bulls or the bears, says Bank of America's Michael Hartnett.
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U.S. Oil Companies Are 'Battening Down the Hatches'

The New York Times - 30 May 2025 16:23
U.S. Oil Companies Are 'Battening Down the Hatches' The industry is bracing for the OPEC Plus oil cartel's meeting on Saturday, which is widely expected to further increase oil production despite weak demand.
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Airbnb's stock is now a sell, as a subdued summer for leisure travel looms, analyst says Analysts cut price targets across the U.S. hotel sector as expectations dip on wavering consumer confidence and a drop in inbound international travel.
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Nvidia needs to show investors the future. Its CEO is sure he's found the answer. In Jensen Huang's brave new world, AI and robots are part of our daily lives -- and Nvidia plays a key role.
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Investors were looking for relief from tariffs. Instead, they got more uncertainty. A federal court halting the tariff strategy that has tortured the market this year isn't a silver bullet for investors.
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UPI Circle goes cross-platform: Here's how it works across BHIM, GPay and PhonePe UPI Circle is a game changer for families navigating shared expenses and with interoperability among apps like BHIM, PhonePe, and GPay, users can now authorize trusted contacts to manage payments smoothly. Learn more abo...
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Analyst Urges US to Sell Gold for Bitcoin, Then Mine Asteroids A top analyst just dropped a game-changing playbook for U.S. dominance--ditch gold, stack bitcoin, and kickstart asteroid mining to crush China in the crypto race. Analyst Urges US to Sell Gold, Buy Bitcoin, and Launch A...
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How Bank of America is growing its global payments business A focus on client relationships, rather than products, and investments in AI are helping the company in an increasingly competitive market.
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Costco is poised to benefit from tariff volatility as it offers competitive prices and bulk discounts.
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Waldorf-Astoria Hotel promises it will finally reopen in September after numerous delays The iconic hotel, closed since 2017, was first touted to reopen in 2021, 2023, 2024 and, most recently, this spring.
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Loretta Swit Dies: The 'M*A*S*H' Emmy Award Winner Was 87 Loretta Swit, who rose to fame as Margaret "Hot Lips" Houlihan in the long-running M*A*S*H, died on Thursday at her home in New York City.
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Coffee Bros. leads a growing movement with over 10,000 petition signatures urging U.S. policymakers to exempt coffee from tariffs that threaten small roasters and global supply chains.
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André 3000's No Bars Era: What It Means For Hip-Hop And Jazz Fans The backlash over André 3000's refusal to rap on recent projects reveals more about the hip-hop community's resistance to artistic growth than any failure on his part.
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Here's What Global Business Leaders Should Do As Trump's Tariffs Face Legal Fight: ICC's John Denton John Denton, Secretary General of the International Chamber of Commerce, joined "Forbes Newsroom" to discuss the recent legal actions surrounding Trump's tariffs.
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An ex-PA to Sean Combs told jurors his bodyguard offered her a gift and urged her to describe the Diddy-Cassie relationship as "normal."
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The lab of the future: An artificial superintelligence for biology AI has the potential to speed up and improve drug discovery, making risky projects more agile. The lab as we know it today is being transformed by how we think about medical research and drug discovery, as well as the in...
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