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Business News

Location American Business News for 4 June 2025
By nitpicking the results, the sellers Tuesday evening are missing the forest for the trees.
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Trump-linked asset manager files Truth Social Bitcoin ETF with SEC A Bitcoin ETF branded with Donald Trump's social media platform, Truth Social, is seeking a green light from the Securities and Exchange Commission.
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Elon Musk Warns US Headed for Bankruptcy, Slams Congress Over 'Disgusting Abomination' Bill Elon Musk erupts in fury, declaring he can't take it anymore as he warns unchecked government spending is driving America toward catastrophic financial collapse and irreversible damage. Elon Musk Warns US on Brink of Ban...
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US steel and aluminium tariffs doubled to 50% Trump doubles down on his tariffs, while sparing the UK from the latest duties.
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Here's the $9.4 billion in DOGE cuts that Trump is asking Congress to approve The foreign aid and public broadcasting cuts could be the first of several "rescission" requests sent to Congress in the coming months.
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The cybersecurity company issued weaker-than-expected guidance and said its still feeling an impact from initiatives put in place after the July 2024 outage.
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Germans Are Buying More Electric Cars, but Not Teslas

The New York Times - 4 Jun 2025 17:00
Germans Are Buying More Electric Cars, but Not Teslas Drivers in the country, Europe's largest car market, are avoiding vehicles from Tesla, which has seen a drop in sales in other countries as well.
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Service side of economy shrinks for first time in almost a year -- another trade war casualty The large service side of the U.S. economy contracted in May for the first time in almost a year, another victim of ongoing trade wars that have frozen hiring and caused havoc among businesses.
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China Tries to Stop Smuggling of Rare Earths as Shortages Loom Abroad Police officers, customs officials and spies are reinforcing China's embargo on the critical minerals that it overwhelmingly controls.
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The US gained 562,000 millionaires last year as the stock market soared The US stock market surge in 2024 added 562,000 new millionaires, with high-net-worth individuals' wealth increasing by 9.1%, according to Capgemini.
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Trump Demands Rate Cuts--Again--After Private Hiring Slows To Lowest Level In More Than 2 Years The weak jobs report comes amid concerns about the strength of the U.S. economy, with Friday's nonfarm payrolls release on deck.
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What's really fueling Elon Musk's latest outburst against Trump's tax bill? From DOGE disappointment to protecting his business interests, there are several explanations for Musk's criticism of Trump's "Big Beautiful Bill."
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The Federal Reserve said it has removed restrictions it had placed on Wells Fargo, the prominent San Francisco bank that has sought to move past a series of scandals in the last decade.
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Gordon Chang: This Is Exactly What Trump Should Say To China's Xi In Their Upcoming Phone Call On "Forbes Newsroom," author and U.S.-China relations expert Gordon Chang gave his unvarnished take on the U.S.-China trade war.
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IO Interactive shows off the first trailer for its upcoming James Bond game, 007: First Light, starring Bond on one of his first cases.
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AI in Action - ES List

Business Insider - 4 Jun 2025 23:53
These leaders span different roles, but are all helping their companies drive AI adoption and stay safe while navigating new technology.
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Alex Warren's concert series, the Cheaper Than Therapy Tour, continues this spring and summer. Ticket prices start at $58.
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David Schweikert--Major GOP Deficit Hawk--Reacts To Tesla CEO Elon Musk's Call To 'Kill' Trump Budget On "Forbes Newsroom," Rep. David Schweikert (R-AZ) discussed the Republicans' Big Beautiful Bill.
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Formosa Heirs Drop Off Taiwan's 50 Richest List Amid Global Chemical Sector Downturn With Taiwan's chemicals sector battling headwinds, brothers William and Wilfred Wang are among the four dropoffs this year.
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Wu Brothers Unite To Form Taiwan's Fourth Largest Financial Holding Company Taiwan's Taishin Holdings and Shin Kong Financial Holding, respectively founded by billionaire brothers Thomas Wu (No. 30, $2.2 billion) and Eugene Wu (No. 44, $1.6 billion), said last year that they would merge to creat...
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As Demand For Their Cooling Devices Hots Up, Brothers Ride The AI Wave To Debut On Taiwan's 50 Richest List The frenzied AI data center buildout has been a boon for Taiwan-listed Jentech Precision Industrial, a maker of cooling components and other parts for semiconductors.
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AI Boom Propels Founder Of Server Rail Maker Onto Ranks Of Taiwan's 50 Richest King Slide Works, a maker of server rails--metal frames on which equipment is mounted in server cabinets--has been riding the boom in demand for AI data centers.
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