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Business News

Location American Business News for 8 August 2025
Trump Bans Debanking, Citing Digital Asset Industry Targeting President Donald Trump signed an executive order Thursday prohibiting federal regulators from enabling financial institutions to deny services based on political beliefs, religious beliefs, or lawful business activities ...
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Live Nations second quarter was mixed. Its still hoping to ride massive shows, more upsells to a record year. The company plans to invest in new venues, with more of an emphasis on hospitality.
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New Tariff on Transshipped Goods Mystifies Importers

The New York Times - 8 Aug 2025 13:47
New Tariff on Transshipped Goods Mystifies Importers The Trump administration levied a hefty tariff on goods that are moved through other countries, but it has not yet fully explained its plans.
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Under Armours stock dives on a weak outlook, with tariffs and a slowing economy to blame Under Armours fiscal second quarter outlook fell below Wall Streets expectations, and the company again did not provide full-year outlook.
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Shares of Crocs shed nearly 30% Thursday after the company issued the stark warnings.
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ChatGPT users dismayed as OpenAI pulls popular models GPT-4o, o3 and moreenterprise API remains (for now) OpenAI has announced GPT-5 will replace all models on ChatGPT. Many users are mourning the workhorse model.
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SoundHound earnings show a growing embrace of voice AI, and the stock is surging The company beat revenue expectations by a wide margin, with a CEO saying that businesses large and small are turning to AI for voice-based customer service offerings.
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Trump is burning through IRS heads at a rate of almost 1 a month. Here's who's held the job, and why they left. President Donald Trump's pick for IRS commissioner is moving on. Here's who else has had the job this year and why they left.
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Anthropic revenue tied to two customers as AI pricing war threatens margins Anthropic faces risks as $5B run rate leans on Cursor and GitHub Copilot as OpenAIs cheaper GPT5 undercuts Claude, spotlighting customer concentration risks and enterprise AI cost pressure.
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Harvard endowment invests $116M into BlackRock Bitcoin ETF Though possibly not its first foray into crypto, Harvards reported stake in BlackRock's Bitcoin exchange-traded fund represented a significant investment.
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Heres what happened in crypto today

Coin Telegraph - 8 Aug 2025 23:11
Heres what happened in crypto today Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Heres what happened in crypto today

Coin Telegraph - 8 Aug 2025 23:11
Heres what happened in crypto today Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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SBI sees limited impact of Trump tariff, banks on early resolution Despite SBI's minimal direct exposure to sectors affected by US tariffs, chairman C.S. Setty is concerned that the broader uncertainty is contributing to a slowdown in corporate loan growth as companies delay capital...
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Trump Seeks to Sell Fannie Mae and Freddie Mac Shares to Public Investors More than a decade after the government bailed out the mortgage giants, the Trump administration is looking for a partial stock-market exit.
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CFPB proposes a rule change to cut nonbank supervision

American Banker - 8 Aug 2025 22:33
CFPB proposes a rule change to cut nonbank supervision The Consumer Financial Protection Bureau has proposed reducing supervision of all but the largest nonbanks in four key markets: auto financing, consumer credit reporting, debt collection and international money transfers...
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What Factors Will Determine the Success of a Financial Plan?

Small Business Trends - 8 Aug 2025 22:31
What Factors Will Determine the Success of a Financial Plan? Discover how the success of a financial plan will be determined by key factors such as budgeting, investment choices, and goal setting. Learn to create a robust financial strategy that stands the test of time.
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Confusion Over US Tariffs on Swiss Gold Bars Sends Futures Soaring Gold prices initially surged after the Trump administration announced reciprocal tariffs on Swiss gold bars, briefly exceeding $3,400 per ounce. The gains appeared to reverse after the White House clarified that an execu...
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The Demon Hunters Who Conquered the Pop Charts

The New Yorker - 8 Aug 2025 22:30
From the daily newsletter: HUNTR/X, Saja Boys, and the earworm-industrial complex.
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The AI Commerce Wars Have Begun

Forbes - 8 Aug 2025 22:19
The AI Commerce Wars Have Begun Amazon, Google, Walmart, OpenAI, and Shopify are racing to build AI assistants that can shop for you - while blocking rivals from touching their data. The winner will own the customer relationship; the loser will be redu...
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Olympian Hezly Rivera Powers To Early Lead At U.S. Gymnastics Championships Hezly Rivera leads Joscelyn Roberson and Leanne Wong after a thrilling first night at the 2025 U.S. Gymnastics Championships. Learn how the battle unfolded and whats at stake heading into Sundays final.
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Weapons Poised To Upset Freakier Friday At Weekend Box Office Julia Garner and Josh Brolins horror thriller Weapons is projected to upset Jamie Lee Curtis and Lindsay Lohans comedy Freakier Friday at the domestic box office this weekend.
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ETH Breaks $4,000 for First Time Since December, Price Projected to Hit $10,000 This Year Ethereum surpassed the $4,000 mark for the first time since Dec. 9, 2024, trading at $4,050 on Aug. 8. Optimism surrounds the digital assets potential, with one analyst predicting that breaking past $4,000 could trigger ...
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