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Business News

Location American Business News for 3 June 2025
Dickey's Franchise Owners Detail Barbecue Chain's History of Broken Promises Dickey's, the world's largest barbecue chain, has a history of deception and broken promises, according to dozens of its franchise owners.
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Audi Is Quietly Building The Most Advanced AI Factory In The Auto Industry Audi is implementing AI across its factories to guide decision-making and production at scale. What makes Audi's approach to AI stand out is how deeply it's embedded.
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Meta Strikes AI Nuclear Power Deal--Sending Constellation Energy Stock Soaring Nuclear energy is enjoying a "rebirth" as energy-intensive AI offerings seek ways to power their efforts.
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The Shari Redstone-controlled company has grappled with a series of setbacks since it announced its sale to tech scion David Ellison's Skydance Media last July.
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Temu's daily US users cut in half following end of 'de minimis' loophole Temu's parent, PDD Holdings, said last week that tariffs had created significant pressure for its merchants.
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U.S.-China Trade War Morphs From Tariffs Into Fight Over Supply Chain Instead of battling over tariffs, Washington and Beijing have turned to a potentially far more harmful strategy: flexing their control over global supply chains.
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Cango produced over $100M of Bitcoin in two months since mining pivot Cango mined 954.5 BTC worth more than $100 million in April and May, following its full pivot to Bitcoin mining and sale of its legacy operations.
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Michael Saylor's Strategy announced plans to raise $250 million via an IPO to purchase more bitcoin right after buying 705 tokens worth $75 million.
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EU's Digital Markets Act Demands That Apple Agree To Its Own Demise Stasis is the always and everywhere path to commoditization.
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UAE Introduces 'Finfluencer' License for Digital Financial Content United Arab Emirates’s securities regulator has introduced the finfluencer license to regulate and supervise the promotion of digital financial content in the United Arab Emirates. Redefining Regulators’ Role in Digi...
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DOJ seeks early end to NJ bank's redlining consent order The Department of Justice is seeking to terminate a Biden-era lending discrimination settlement with Lakeland Bank. Last month, the DOJ took similar action in a case involving Mississippi-based Trustmark National Bank.
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Oreo maker sues Aldi in US over 'copycat' packaging The discount supermarket is being sued in a US court, accused of imitating the American biscuit brand.
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HPE's stock rises as the company shows a stronger AI pipeline. Here's one big catalyst. The company is seeing growth from sovereign customers, with one executive calling out AI momentum in the Middle East.
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Tammy Baldwin Reveals How Democrats May Stop Massive Trump-Backed 40% Cut In NIH Funding On "Forbes Newsroom," Sen. Tammy Baldwin (D-WI) discussed Democrat's plan to prevent a massive 40% cut in NIH research funding pushed by President Trump, and what she and Senate Democrats are doing to take on steep progr...
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Wells Fargo sheds asset cap, ending seven years of handcuffs The San Francisco-based bank was long hamstrung by a regulatory order that kept it under $1.95 trillion of assets. Now Wells can hit the gas on business lines it had kept idle.
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MARA Achieves Record 950 BTC Mined in May With Total Holdings up to 49,179 BTC In May 2025, MARA Holdings produced 950 BTC, marking a 35% increase from April, and achieved a record 282 blocks mined. The company's total bitcoin holdings rose to 49,179 BTC, with no sales during the month. MARA Holdin...
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Capital One to Curb Lounge Access for Some Cardholders

The New York Times - 3 Jun 2025 23:35
The bank is the latest airport lounge operator to erode perks that were once a given. Guests and additional card users will no longer routinely get in for free.
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Cordelia Cupp: Creating An Iconic Detective For The 21st Century For 'The Residence,' Lyn Paolo, Queen of Shondaland costumes, has designed a detective as fascinating as any of the great literary sleuths.
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Business leaders must prioritize employee well-being Too often we gauge success by revenue, efficiency, and productivity while ignoring the well-being of the people doing the work. As I've been watching deep cuts unfold across the federal government and nonprofit sectors, ...
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Shai Gilgeous-Alexander And Cason Wallace Are Latest John Calipari Recruits In NBA Finals Oklahoma City Thunder guards Shai Gilgeous-Alexander and Cason Wallace both played for coach John Calipari at Kentucky. The Thunder play in the NBA Finals on Thursday.
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Trump's War With The Media: White House Asks Congress To Rescind $1.1 Billion In Corporation For Public Broadcasting Funding NPR and PBS, which receive public funding via the Corporation for Public Broadcasting, have already sued the Trump administration over his order directing the CPB to stop funding the media organizations.
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2025 UEFA Women's Nations League: France Stay Perfect, Switzerland Relegated And Ukraine Promoted Ahead of the Women's Euros, the 2025 UEFA Nations League's first stage has drawn to a close with some big headlines made on the final day.
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