Press review · Wednesday, 21 May 2025
21 May 2025
3,123 articles: 08 May 2025 – 26 October 2026
Single reports
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coindesk.com
Major U.S. Banks, Like JPM, Citi, BoFA, and Others, Mull Joint Stablecoin Launch: WSJ
Such a stablecoin, potentially open to other banks, aims to improve transaction speeds and efficiency while fending off competition from crypto firms.
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nytimes.com
The Republican Tax Bill Could Sharply Slow E.V. Sales
The measure, passed by the House, would roll back incentives for people to buy electric vehicles and for automakers to make them in the U.S.
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m.economictimes.com
Waaree Energies, Premier shares slide up to 11% as US peers stocks plunge post Trump Tax Bill
Shares of Premier Energies and Waaree Energies declined following a selloff in US clean energy stocks. This was triggered by the US House passing a tax bill that rolls back clean energy subsidies from the Inflation Reduction Act. The bill's passage has dampened sentiment for Indian solar exporters like Waaree and Premier Energies, potentially impacting global demand and order flows.
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nbcnews.com
House Republican tax bill passes 'SALT' deduction cap of $40,000. Here's who benefits.
If the House provision is enacted, the SALT cap would rise to $40,000, up from $30,000 in the previous plan, and phases out over $500,000.
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foxbusiness.com
Walmart to cut about 1,500 corporate jobs
Walmart, the nation's largest private employer, is cutting about 1,500 jobs as it tries to cut overhead costs and streamline operations as economic pressures weigh.
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A.I.-Generated Reading List in Chicago Sun-Times Recommends Nonexistent Books
A summer reading insert recommended made-up titles by real authors such as Isabel Allende and Delia Owens. The Sun-Times and The Philadelphia Inquirer have apologized.
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economist.com
Universal wants to steal Disney’s theme-park magic
It should brace for a bumpy ride
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Fortnite Returns to Apple’s App Store After Scoring a Legal Victory
Apple kicked the popular game out of the App Store nearly five years ago, prompting a court battle that was partially resolved on Tuesday.
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nbcnews.com
Markets sink as debt worries hammer U.S. bonds
A combination of fears, including projections that Trump’s agenda bill will expand deficits, moved investors to sell.
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Target sales slump amid tariff war, DEI change backlash
Target's top boss warned that the company has been trying to navigate through a highly challenging environment, which included President Donald Trump's trade war with other nations.
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abcnews.go.com
Dow closes down 800 points as bond sell-off rattles markets
The bond sell-off coincided with deficit concerns over a tax cut bill.
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Target CEO says tariffs risk 'massive' costs, but price hikes a 'last resort'
Target reported a drop in sales in its most recent quarter.
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Target Says Sales Fell Short In a ‘Challenging’ Economy
The retailer’s sales fell short of expectations, and it slashed its full-year financial forecast, citing a “challenging” economy and backlash over its pullback from diversity policies.
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nypost.com
Trump’s ‘big, beautiful bill’ could force NY businesses to shell out billions more in taxes — here’s why
Tucked away in Trump’s 1,100-page “big, beautiful bill” for federal tax cuts is a one-sentence proposal to curtail workarounds to the SALT cap that took the form of pass-through e…
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Nvidia’s Chief Says U.S. Chip Controls on China Have Backfired
Jensen Huang, the chipmaker’s top executive, said the attempt to cut off the flow of advanced A.I. chips spurred Chinese companies to “accelerate their development.”
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Why Trump’s ‘Big, Beautiful’ Tax Bill Is Worrying Bond Investors
Tax cuts pushed by President Trump are amplifying debt and deficit concerns among the powerful market players who influence interest rates.