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Business News

Location American Business News for 5 June 2025
Boeing agrees $1.1bn deal over fatal 737 Max crashes The firm made the agreement with the US Justice Department over two accidents that killed 346 people in 2018 and 2019.
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JPMorgan CEO Warns US Dollar Could Lose Reserve Status Without Reform JPMorgan CEO delivers a dire wake-up call as he warns that internal chaos could dethrone the U.S. dollar and shatter American global supremacy. JPMorgan CEO Jamie Dimon Questions Future of US Dollar as Reserve Currency A...
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Trump 2.0 Takes Aim At Copyrights

Forbes - 5 Jun 2025 01:19
Trump 2.0 Takes Aim At Copyrights Trump's firing of the Librarian of Congress and Head of the Copyright Office raises constitutional and pragmatic issues.
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Supreme Court Expands Tax Exemptions For Religious Charities The ruling could lead to a slew of religious hospitals and other groups trying to claim exemptions, critics have warned.
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Supreme Court Kills Mexico's $10 Billion Lawsuit Against U.S. Gun Manufacturers The Mexican government claimed U.S. gun manufacturers have "knowingly" sold their products to the country's drug cartels.
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GOP Billionaire Ken Griffin Says Trump's Tariffs Have 'Taken Toll' On Economy "Why are we aspiring to be the nation of the lowest cost and lowest paid workforce in the world? That makes no sense to me," Griffin quipped at the 2025 Forbes Iconoclast Summit.
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U.S. trade deficit cut in half in April on plunge in imports from Trump tariffs The trade figures are masking a very sluggish economy.
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Jobless claims jump to 8-month high. But it's probably not a sign of rising layoffs resulting from trade wars. The number of people who applied for unemployment benefits last week jumped to an eight-month, but the details of the government's report show little evidence of a tariff-related rise in layoffs.
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Renewable Energy Investors Receive Mixed Signals In The U.S. The Trump Administration's energy policies are shifting the investment priorities in American renewable energy, and not to its benefit.
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Grayscale: Bitcoin Demand Explodes as $5T Deficit Projection Fuels Fiat Doubt Institutional bitcoin demand is exploding as fiscal alarm bells ring louder, with major firms racing to secure digital assets amid mounting debt, sovereign downgrades, and fiat distrust. Bitcoin Demand Soars With Graysca...
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Elon Musk Backs Coinbase Warning: Bitcoin Could Replace Dollar Amid US Fiscal Crisis Bitcoin is surging into the spotlight as Coinbase's CEO and Elon Musk sound alarms on U.S. debt, signaling the crypto's rise as a serious reserve currency contender. Elon Musk Supports Coinbase Outlook: Bitcoin May Toppl...
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How airline fees have turned baggage into billions The amount carriers now charge for luggage is raising the ire of politicians and consumer groups.
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Appeals court denies Apple's bid to pause App Store order in yearslong feud against 'Fortnite' maker A federal judge had ordered the iPhone maker to immediately open its lucrative App Store to more competition.
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Tesla shares tumble as Trump-Musk feud erupts Tesla shares plunged 14%, marking one of the steepest declines in months as Musk and Trump battled online.
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Lululemon beat Wall Street expectations for fiscal first-quarter earnings, but cut its full-year earnings guidance, citing a "dynamic macroenvironment."
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Stablecoin bill undermines state banking authority, group says The National Conference of State Legislatures asked that leading lawmakers strike a provision in the Senate stablecoin bill that they say would preempt state authority to bar state-chartered special purpose depository in...
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When you're as rich, famous and powerful as Donald Trump and Elon Musk, everything you say or type shows up everywhere, instantly — no matter what.
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Broadcom's stock cools off even as earnings show robust AI demand Broadcom edged past Wall Street's expectations with its outlook for the current quarter on Thursday, but that wasn't enough to lift its stock in the extended session.
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The Indiana Pacers and Oklahoma City Thunder will compete in the best-of-seven series. We'll show you where to watch the NBA Finals online.
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Options traders pile into bearish bets on Tesla at fastest pace on record as Musk-Trump feud escalates Options traders piled into bearish bets on Tesla Inc. stock on Thursday at the fastest pace on record as a feud between President Trump and Tesla CEO Elon Musk escalated, causing the electric-vehicle maker to tally its b...
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Google said the newest version of Gemini 2.5 Pro, now on preview, gives faster and more creative responses while performing better than OpenAI's o3.
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Shoppers lined up to get their hands on Nintendo Switch 2 devices, resulting in lines and early sell-outs at retail locations.
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