business News

Stock Market News, March 20, 2025: U.S. Stocks End Lower After Optimism Over Rate Cuts Wanes - The Wall Street Journal

Bitcoin price thaws after Trump statement — Trader says ‘stay nimble and cashed up’ - Cointelegraph

Bitcoin whipsawed after President Trump’s pro-crypto statement, leading traders to express mixed views on the direction BTC price could take in the short term.

Tesla's ugly month just got even worse - SFGATE

Tesla, led by CEO Elon Musk, is having a horrible month with slumping sales, ridiculed customers, a sinking stock price and now an embarrassing recall.

Exclusive | Ben & Jerry’s Founders Say They Stand Behind Ousted CEO - The Wall Street Journal

Google sues alleged scammers over 10,000 fake Maps listings - The Verge

Google is suing a man in connection with a Google Maps scam listing network.

Nike Stock Falls After Warning Sales Could Take a Hit From Turnaround Plan, New Tariffs - Investopedia

Nike shares fell in extended trading Thursday after the athletic apparel giant warned sales could take a hit in the current quarter under the company’s turnaround plan, with new tariffs adding to uncertainty.

Apple is reportedly losing $1B per year on its streaming service - TechCrunch

Apple is losing more than $1 billion per year on its streaming service, Apple TV+, according to a new report from The Information.

FedEx Earnings Are Coming. Guidance Will Be Key for the Stock. - Barron's

FedEx is the latest company to sound the alarm on the U.S. economy - MarketWatch

Elon Musk's Tesla makes largest ever Cybertruck recall - BBC.com

It is the eighth recall involving the pickup since early 2024, shortly after the truck hit the roads.

Micron Beats Estimates On Strong Data-Center Spending - Investor's Business Daily

Nike beats on earnings, but warns the toughest stretch of its turnaround is ahead - MarketWatch

Company forecasts a sales drop in the fourth quarter, as it offloads old sneakers and braces for tariffs

More than 600 Iron Range steelworkers out of work as auto industry cuts orders because of tariffs - Star Tribune

Cleveland-Cliffs, the largest iron ore operator in Minnesota, is idling operations in Hibbing and Virginia.

Apple Is Losing Over $1 Billion per Year on Streaming Service, Has 45 Million Apple TV+ Subscribers (Report) - Variety

Apple TV+ is reportedly losing more than $1 billion per year as the company is spending $4.5 billion on content annually.

DoubleLine’s Gundlach sees more risk coming along with greater chance of recession - CNBC

"Investors should have already upgraded their portfolios … I think that we're going to have another bout of risk," Gundlach said.

Nike posts smaller drop in quarterly revenue on holiday demand, new launches - Yahoo Finance

(Reuters) -Nike on Thursday forecast a steeper drop in fourth-quarter revenue than currently expected, with the leading shoe and sports apparel company...

How Would The Federal Reserve Fight 'Stagflation?' - Investopedia

The Federal Reserve has a playbook for fighting inflation, and another for boosting the economy when unemployment is rising. But what would the central bank do if both happen at the same time?

Cheese Sold at Aldi Recalled Due to Contamination—Here’s What to Know - EatingWell

There’s an active recall on shredded cheese sold at select Aldi locations due to a foreign matter contamination. Read for more information.

The EU wants Apple to open these iOS features to other gadgets - The Verge

The European Union has outlined exactly how Apple needs to improve the interoperability of iOS, and what we stand to gain if it does.

US booze importers cancel European wine shipments -- and brace for devastating losses -- as Trump tariffs loom - New York Post

A 200% tariff would spark a tax bill of $500,000 for Grassroots Wine, a family-run business whose clients include stores and restaurants in South Carolina and Alabama.