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Business News

Location American Business News for 1 July 2025
XRP Gains Ground With Wall Street as Companies Follow Bitcoin Treasury Model XRP is emerging as the next big institutional crypto play as public companies embrace it as a treasury cornerstone, signaling explosive mainstream adoption. Wave of Public Firms Embracing XRP Sparks Institutional Crypto ...
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Trump ramps up pressure on Fed Chair Powell to cut rates in handwritten note: 'You have cost the USA a fortune' During a White House briefing, press secretary Karoline Leavitt brandished a sheet of paper listing global central bank rates with President Trump's message scrawled across.
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Elon Musk says he'll form the 'America Party' if Trump's 'insane' spending bill passes Elon Musk said he would form a new political party if Trump's spending bill passes and that he would defeat lawmakers who support it in primaries.
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Tesla's stock falls as the Musk-Trump cease-fire is broken. What happened in Round 1. Disagreements between Musk and Trump have broken out again, placing Tesla shares in the spotlight.
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Gold's momentum is fading -- and a pullback is coming, says HSBC analyst Surprisingly, the Israeli-Iran crisis did not propel gold prices higher.
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Circle Seeks Approval to Launch 'First National Digital Currency Bank' Circle's move to create a federally regulated digital currency bank signals a massive leap toward integrating crypto infrastructure directly into the core of U.S. financial regulation. Circle Seeks OCC Approval to Establ...
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First US Crypto Staking ETF Set to Launch Wednesday With SOL Yield Exposure A regulated crypto staking ETF is set to debut in the U.S., unlocking yield potential and paving the way for a new era of compliant digital asset investing. New ETF Combines SOL Exposure With Staking Income in Regulated ...
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Science Savants Mourn DOE Funding Cuts As Google's Fusion News Provides A Quiet Rebuke Two of America's most senior scientists are enraged at the Trump administration's slashing of research funding for energy, as well as draconian cuts to NIH and NSF.
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Demonstrators gathered outside Google DeepMind's London office on Monday to accuse the company of reneging on a key AI promise.
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Trump is barred from pocketing liquor-sale proceeds from his Bedminster and Colts Neck golf clubs. It's a ban one legal expert called "peculiar."
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Here's What The Senate Budget And Tax Bill Means For Colleges Education experts say it will stick colleges with burdensome taxes and strip away critical student protections, but the Senate version did soften some of the House's most damaging proposals.
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Top news sites suffer drastic drop in web traffic since Google added AI search -- with some plunging 40% According to new data published by Similarweb, 37 of the top 50 news domains saw year-over-year traffic declines.
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Why biology is our most powerful technology

Fast Company - 1 Jul 2025 23:46
Why biology is our most powerful technology Nature has the resources to collaborate to address many of our needs. Every living organism, from the simplest microbe to the tallest tree, contains a library of genetic information refined by billions of years of evolut...
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US regulator considers simplified path to market for crypto ETFs The United States Securities and Exchange Commission is reportedly considering simplifying the listing process for certain crypto ETFs.
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Tech execs from companies chasing defense contracts are now Army officers. A watchdog is calling for an investigation. Watchdog demands probe into tech CEOs joining Army Reserve, citing possible financial and ethical conflicts.
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Iranian Crypto Exchange Begins Wallet Restoration After $90M Hack The Iranian cryptocurrency exchange Nobitex has begun a phased resumption of user wallet access following a significant hack that resulted in the loss of over $90 million. Focus on Spot Wallets The recently hacked Irania...
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Tons of young people still share streaming passwords despite Hollywood's crackdown A new Pew survey found young people are borrowing streaming passwords at high rates. That means media companies have tons of freeloaders to target.
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Responsibility To Protect More Than A Principle -- It Is A Moral Imperative "The responsibility to protect is more than a principle -- it is a moral imperative, rooted in our shared humanity and the U.N. Charter" - with these words...
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Even billionaires are having trouble finding homes to rent now, thanks to a 'mansion deficit' Everyday home buyers have struggled to find houses amid an inventory crunch, and now the superrich are dealing with their own type of shortage on the rental side.
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Nordstrom to close Santa Monica store

L.A. Times - 1 Jul 2025 23:17
Retail giant Nordstrom is closing its sprawling Santa Monica Place store as it restructures its network to try to better target customers who have moved to online shopping.
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Bitcoin at risk of deeper drop as BTC slips below key support levels A revisit to the $100,000 level seems likely now that BTC price slipped below two key support levels.
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My wife and I are in our late 60s. Do I sell stocks to pay our $30,000 credit-card debt -- or do it gradually over 3 years? "We have around $375,000 in investments in mutual funds and stocks with Morgan Stanley."
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