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Business News

Location American Business News for 2 June 2025
CVS to shutter 5 pharmacies in New York amid closure of 271 stores nationwide Affected New York stores include locations in North Tonawanda, Staten Island, Manhattan and two in Albany, according to a list compiled by Newsweek.
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OPEC+ Ups The Ante Via Another 411,000 Barrels Per Day Oil Output Hike If this drags OPEC+ oil producers and their competitors toward a full-blown glut, as is likely, another tussle for market share at low prices beckons.
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Fed's Waller sees path to multiple interest-rate cuts this year The Federal Reserve will likely be able to lower interest rates this year, and recent data supports this outlook, Fed Governor Christopher Waller said.
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Air India in talks with Airbus, Boeing for blockbuster new narrow-body jet order: sources In those talks, Boeing is edging forward as the front-runner to sell more of its 777X jets, two of the sources said.
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The UK bans disposable vapes nationwide to combat rising youth nicotine use and environmental waste. Discover how this new law aims to protect young people and reduce millions of vape devices discarded weekly.
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Stocks drop as trade tensions between US, China flare up again The stock slump came as China refuted President Trump's claim from last week that the nation had "totally violated" a temporary truce reached in Geneva, Switzerland last month to lower tariff rates on one another.
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Your EPF makes you eligible for ₹7 lakh life insurance. Here's what you need to know Contributors to the EPF can receive life insurance under the EDLI scheme, with benefits up to ₹7 lakh. Recent proposed changes will enhance this scheme, making it easier for beneficiaries to claim and manage their nomi...
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Investment word of the day: Exit load -- Why is it important in mutual funds? Investment word of the day: Exit load is a fee charged by asset management companies on mutual fund withdrawals within a specified period. It aims to discourage early redemptions, promote long-term investing, and protect...
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FD interest rates: THESE 6 banks offer highest rates on long tenure deposits It is recommended to compare the interest rates offered by different banks before you choose the one which gives you the highest rate
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Egg prices have plummeted since Trump took office -- after hitting all-time high in March The price of eggs has dropped just over 61% since President Donald Trump took office in January, after spiking to an all-time high in March.
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NBC Sports Announces Deal To Air Swimming Beyond Olympics Through 2028 NBC Sports extends USA Swimming coverage through 2028, including TYR Pro Swim Series, Toyota Nationals, Pan Pacific Championships and Olympic Trials.
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Arman Tsarukyan Willing To Be Backup For UFC 317 Or UFC 318 Main Event Top-ranked UFC lightweight Arman Tsarukyan is willing to serve as a backup fighter for the main event of UFC 317 or UFC 318.
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Arthrex, Company Behind Jayson Tatum's Potential Repair, Shares Crucial Info on It There's reason to believe Celtics star Jayson Tatum underwent a SpeedBridge procedure for his torn Achilles. The benefits of that could help him return to All-NBA form.
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Japanese Billionaire's Acquisitive Streak Hits Roadblock After decades of successful bolt-on acquisitions, Shigenobu Nagamori, founder and chairman of precision-motor giant Nidec, hit a roadblock in his hostile bid for machine-tool maker Makino Milling Machine.
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Previously, S&P only had data on about 2 million SMEs, but its AI-powered RiskGauge platform expanded that to 10 million.
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Japanese Gaming Billionaire Scores A Twofer And Doubles His Fortune Gaming billionaire Kagemasa Kozuki, whose Konami Group scored a twofer with its esports game series and a horror media franchise, is the biggest gainer in percentage terms this year.
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Ito Family's Seven & i Gets Back To Basics To Ward Off $47 Billion Takeover Bid From Circle K Owner Facing activist investors and an unsolicited bid of nearly $50 billion from Canadian retailer Alimentation Couche-Tard (ACT), Seven & i Holdings, owner of the 7-Eleven convenience store chain, announced measures in March...
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Masayoshi Son Plays The AI Game With Bold Bets SoftBank Group founder Masayoshi Son is doubling down on AI, aiming to transform the investment conglomerate (revenue: $48.3 billion) into an AI juggernaut.
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Japan's 50 Richest 2025: As A Stronger Yen Boosts Wealth, Uniqlo Billionaire Tadashi Yanai's Net Worth Hits A Record High As a stronger yen propels collective wealth by 14% to $228 billion, Tadashi Yanai's fortune hits a record high.
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U.S. Government Controversial Step To Not Close Coal-Fired Power Plant Growth in U.S. renewables, strong in 2024, can provide dispatchable power for new data centers, industry decarbonization, and also electric vehicles.
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Why smaller bank CEOs got bigger pay hikes in 2024

American Banker - 2 Jun 2025 23:40
Why smaller bank CEOs got bigger pay hikes in 2024 The CEOs of smaller regional banks received fatter bonuses last year than their big-bank counterparts, possibly thanks to low performance expectations at the smaller banks after the 2023 banking crisis.
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This CEO was paid $165M last year -- and it wasn't Cook, Zuckerberg or Musk The executive runs a company that makes products used by police departments across the country.
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