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Location American Business News for 18 June 2025
Trump to extend US TikTok ban deadline, White House says The app was supposed to be banned in the US after its Chinese owner refused to sell it by a January deadline.
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US Senate passes stablecoin bill in 'major milestone' for crypto industry The Senate on Tuesday passed a bill to create a regulatory framework for US-dollar-pegged cryptocurrency tokens known as stablecoins, in a watershed moment for the digital asset industry. The bill, dubbed theGENIUSAct, r...
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How a fake tweet from Paraguay pushed Bitcoin to $110K

Coin Telegraph - 18 Jun 2025 16:50
How a fake tweet from Paraguay pushed Bitcoin to $110K A fake post from the Paraguayan president's X account claimed Bitcoin was now legal tender, triggering a sharp 4% price spike.
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Road to $3.7 trillion stablecoin market is full of obstacles The Senate's passage of stablecoin legislation marks a leap forward for the potential mainstreaming of cryptocurrencies that track the U.S. dollar, but there are still problems to solve before banks and businesses can ca...
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Honda recalls 259K vehicles over faulty brake pedal that can increase crash, injury risk The faulty brake pedal can increase the risk of injury or crash, according to the National Highway Traffic Safety Administration.
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China Loses Big In Israel-Iran Conflict

Forbes - 18 Jun 2025 15:00
China Loses Big In Israel-Iran Conflict China's increasing dependency on energy imports from across the Middle East, not just Iran, make it one of the biggest losers in the conflict between Israel and Iran.
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U.S. added more than 1,000 millionaires every day last year, new report says The world is getting richer, but different places are doing it at different speeds.
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As the crucial summer harvest season gets underway in California, farmers and their workers say they feel whiplashed by a series of contradictory signals about how the Trump administration's crackdown on illegal immigrat...
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Coinbase Eyes SEC Approval to Launch Tokenized Stock Trading in US Market Coinbase is targeting SEC approval to launch tokenized stock trading in the U.S., aiming to transform blockchain into a mainstream vehicle for equities and financial growth. SEC Approval Could Catapult Coinbase Into Toke...
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SEC Reviews Franklin XRP ETF Proposal in Key Step Toward Potential Approval The SEC's review of the Franklin XRP ETF comes amid rising institutional confidence in XRP, underscoring its evolving market maturity and accelerating push for crypto-backed ETFs. SEC Reviewing Franklin XRP ETF Proposal ...
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Toymaker Hasbro cuts 3% of its total workforce, WSJ reports Toy seller Hasbro has cut 3% of its global workforce in its latest cost-cutting effort amid higher US tariffs on toys from China.
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Andy Jassy's AI-driven planned workforce reductions at Amazon prompts employee backlash and calls for a shift in leadership approach.
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The Most Interesting Retail Media News from Cannes Lion: Updates from CVS, Pinterest, DoorDash & More Cannes Lion wasn't always on retailers' radars, but as retail media has steadily grown in sophistication and influence, the glitzy advertiser conference in France is quickly becoming an annual mainstay for retail marketi...
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Strategies to Boost Sales of Slow Selling Products for Better Profitability Discover effective strategies to boost sales of slow selling products and enhance your profitability. Learn actionable tips to revitalize your inventory and attract more customers.
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U.S. Will Resume Suspended Foreign Student Visas, Begin Vetting Students' Social Media Student visa processing was suspended in May as the Trump administration squared off with several prestigious universities over antisemitism allegations.
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The CEO of OpenAI said he expected society to "feel more different" after ChatGPT reached its current levels of capability.
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PayPal Debuts Shoppable Ads to Help Retailers Offset AI-Driven Web Traffic Declines As AI reshapes online discovery, merchants of all sizes are grappling with how to handle decreased traffic to their websites -- and PayPal wants to help. The company has launched a new advertising product called Storefro...
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America Does Not Need Government Sponsored Businesses The administration should release Fannie and Freddie from conservatorship. Congress should remove the government's sponsorship from Fannie and Freddie.
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Bitcoin Miner Bitdeer Aims to Secure $330M via Convertible Notes for Expansion Bitdeer Technologies Group priced an upsized private offering of $330 million in convertible senior notes due 2031. The Singapore-based bitcoin mining company increased the offering size from an initially announced $300 ...
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What women's sports fans really want

Fast Company - 18 Jun 2025 23:30
What women's sports fans really want Why trust is the sponsorship superpower of 2025. Something powerful is unfolding in women's sports, and it's being driven by the fans. They're not asking for more flashy campaigns or superficial endorsements. They're cal...
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Microsoft prepared to abandon high-stakes talks with OpenAI: report The two partners are trying to reach an agreement on critical issues such as the size of Microsoft's future stake in OpenAI.
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Are you not entertained? The next frontier of brand entertainment In partnership with Omnicom, Jeff Beer sits down with Patty Morris, the head of brand at State Farm; Erwin Dito, the VP of global brand leadership at McDonald's; and Jae Goodman, the founder and CEO of Superconnector Stu...
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