Exposed: 3 Cent Crypto to Explode June 24th?

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

Business News Digest

MICHELLE CHAPMAN
May 05, 2025

AP Business Digest

Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.

--------------------

UPCOMING

--------------------

CAR--F1-IN THE PITS

DESCRIPTION: MIAMI GARDENS, Fla. -- The new Cadillac F1 team officially announced its arrival at a glitzy South Beach extravaganza packed with industry executives, car enthusiasts, influencers, a musical showcase by Janelle Monáe and actor Terry Crews Jr., who ran the microphone and told an anecdote about how he'd never been born had his father not relocated at age 20 to Flint, Michigan, in search of a job with General Motors. There was a splashy video that ultimately unveiled the Cadillac F1 team logo in what was clearly a multi-million dollar party jammed elbow-to-elbow in every section of the Queen Miami Beach venue. What wasn't revealed, though, was Cadillac's car -- a bit of a disappointment for those who expected to see all the bells and whistles at this brand launch introduction to F1's newest team. No worries, promised the leaders of the new team: Cadillac F1 is on pace to be on the grid in 2026. By AP Auto Racing Writer Jenna Fryer. 850 words. By 6 pm.

UPCOMING: By 05/05/2025 6:00 p.m. EDT, Text

___

--------------------

NEW AND DEVELOPING

--------------------

FINANCIAL MARKETS

Wall Street loses ground and oil prices tumble after OPEC+ says it will step up production

SUMMARY: Stocks slipped on Wall Street and crude prices are falling to a four-year low after the OPEC+ group of oil-producing nations said it plans to increase output. The S&P 500 slid 0.7% early Monday. The benchmark index is coming off its ninth straight gain. The Dow Jones Industrial Average fell 175 points, or 0.4%. The Nasdaq composite gave back 0.7%. U.S. benchmark crude fell to $57 a barrel. Berkshire Hathaway slumped 5% after legendary investor Warren Buffett announced over the weekend that he would step down as CEO by the end of the year after six decades at the helm.

WORDS: 488 - MOVED: 05/05/2025 10:17 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:98ebdfdb18d490c9e01b6c53c49caad5&mediaType=text

___

US--TRUMP-FILM TARIFF

Trump threatens a 100% tariff on foreign-made films, saying the movie industry in the US is dying

SUMMARY: President Donald Trump is opening a new salvo in his tariff war, targeting films made outside the United States. The Republican president said Sunday he has authorized the Department of Commerce and the Office of the U.S. Trade Representative to slap a 100% tariff "on any and all Movies" coming into the U.S. that are produced overseas. It's unclear how any such tariff on international productions could be implemented. It's common for both large and small films to include production in the U.S. and in other countries. Big-budget movies like the upcoming "Mission: Impossible -- The Final Reckoning" are shot around the world.

WORDS: 921 - MOVED: 05/05/2025 10:16 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:415367dff6ae5bb7dc0871db5ac97d48&mediaType=text

___

US--SUNOCO-PARKLAND

Sunoco buys Canadian gas and convenience store chain Parkland for about $9.1 billion

SUMMARY: Sunoco is buying Canada's gas station and convenience store chain Parkland in a cash-and-stock deal valued at approximately $9.1 billion, expanding its footprint north of the border. Parkland has approximately 4,000 locations across Canada, the United States, and the Caribbean. Sunoco has gas and convenience store locations in more than 40 states, Puerto Rico, Europe, and Mexico. The deal also includes the assumption of debt. Parkland announced in March that its board was looking at strategic options for the company. It was at that point that talks with Sunoco significantly intensified, Parkland said.

WORDS: 277 - MOVED: 05/05/2025 10:12 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:5e8f946e3c0a5e1ed5bd263aa93d7733&mediaType=text

___

US--WARREN BUFFETT-SUCCESSOR

Buffett will remain chairman at Berkshire Hathaway when Abel takes over as CEO in 2026

SUMMARY: Billionaire Warren Buffett will remain chairman of Berkshire Hathaway after Greg Abel takes over as CEO at the start of the new year. The decision by the board of directors at the conglomerate Sunday is likely to relieve investors worried about the future of Berkshire's remarkable winning streak amid tariff shocks, financial turmoil and a possible recession. The changes come as the former textile manufacturer faces big questions about how to deploy its massive pile of cash after a stock-market defying six-decade run. ABel has already been managing all of Berkshire's non-insurance businesses for years. He will now take on oversight of the insurance companies and decide where to invest the company's cash.

WORDS: 1058 - MOVED: 05/05/2025 10:07 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:188684d40a7d7188de4ab4239d598595&mediaType=text

___

SKECHERS-ACQUISITION-3G CAPITAL

Shoemaker Skechers to be acquired for $9 billion and taken private by 3G Capital

SUMMARY: Skechers is being acquired for $9 billion and taken private by the investment firm by 3G Capital. The companies said Monday that the Skechers board unanimously approved the deal. The offer of $63 per share represents a premium of 30% to Skechers' 15-day volume-weighted average stock price. Skechers shares jumped 25% in morning trading, to $61.72. Following completion of the transaction, the company will continue to be led by Skechers Chairman and CEO Robert Greenberg and his management team. The company headquarters will also remain in Manhattan Beach, California where it was founded more than three decades ago.

WORDS: 235 - MOVED: 05/05/2025 10:03 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:00a1a3479cfc9015ec631fbe249bae4c&mediaType=text

___

US--HUD-FAIR HOUSING-LGBTQ

In battle against transgender rights, Trump targets HUD's housing policies

SUMMARY: In the months since President Donald Trump took back the White House and installed a loyalist to lead the federal housing department, HUD Secretary Scott Turner and his team have moved swiftly to undo, uproot and remake the agency's decades of work and priorities. There is an intense focus on transgender people as the Department of Housing and Urban Development retreats from long-established fair-housing protections by closing their discrimination complaints and moving to undo the Obama-era Equal Access Rule that cemented transgender people's rights to discrimination protection in housing. The Trump administration has both halted enforcement of the Equal Access Rule and proposed unspecified revisions to the policy. Homeless shelters also are struggling to comply with the Trump directives.

WORDS: 2120 - MOVED: 05/05/2025 9:27 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:915634741f56f3d5ea265e316cd396bb&mediaType=text

___

US-HUD-FAIR HOUSING-LGBTQ-TAKEAWAYS

Trump is swiftly undoing transgender protections in HUD's housing policies

SUMMARY: The Trump administration is swiftly remaking housing policy as the U.S. Department of Housing and Urban Development retreats from long-established fair-housing protections for transgender people. In recent months, HUD has been targeting the Obama-era Equal Access Rule that expanded protections to include sexual orientation and gender identity. Also in the bull's-eye are fair-housing complaint investigations and federally funded homeless shelters, according to documents provided to The Associated Press. HUD says in a statement that it is both upholding the Fair Housing Act and implementing Trump's executive order, which it says is "restoring biological truth to the federal government."

WORDS: 887 - MOVED: 05/05/2025 9:18 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:003a354b933592303a4eea350ebbc804&mediaType=text

___

US--FEDERAL RESERVE

Federal Reserve likely to defy Trump, keep rates unchanged this week

SUMMARY: The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite harsh criticism from President Donald Trump and his demand that the Fed reduce borrowing costs. After causing a sharp drop in financial markets two weeks ago by saying he could fire Fed Chair Jerome Powell, the Republican leader backed off and said he had no intention of doing so. Still, he and Treasury Secretary Scott Bessent have said the Fed should cut rates. The heightened scrutiny shows that even as the Trump administration backs off its threats to fire Powell, the Fed is still subject to unusually sharp political pressures, despite being an independent agency.

WORDS: 997 - MOVED: 05/05/2025 8:50 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:dda543c3c00fda34e37e09119d9a9709&mediaType=text

___

US--PRATT-WHITNEY STRIKE

Thousands of machinists union members go on strike at jet engine maker Pratt & Whitney

SUMMARY: About 3,000 labor union members have gone on strike at jet engine maker Pratt & Whitney in Connecticut, as negotiations over wages, retirement benefits and job security broke down. Members of the International Association of Machinists and Aerospace Workers were picketing Monday at manufacturing locations in East Hartford and Middletown. Union officials say about 77% of nearly 2,100 union members voted Sunday to approve their first strike since 2001. Their contract expired late Sunday. The company says it offered a contract with competitive terms on wages, pensions and retirement benefits, and has plans in place to maintain production.

WORDS: 296 - MOVED: 05/05/2025 8:38 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:95ee9e2f9854f4b4dde24f2db1bb7bd1&mediaType=text

___

EU--SPAIN-TRAIN-CABLE THEFT

Copper cable theft in Spain delays thousands of high-speed rail passengers

SUMMARY: Spanish authorities say that thousands of rail passengers in Spain have been hit with delays after copper cables used in the signaling system of a high-speed line traveling south from Madrid to Seville were stolen at five locations. The theft happened late Sunday. It affected dozens of trains traveling between Madrid and the southern Andalusian cities of Seville, Malaga and Granada. Many people were returning home to the capital after a holiday weekend. Transport Minister Oscar Puente said in an X post that he expected the rail line would fully return to its normal schedule between 2 p.m. and 4 p.m. local time or 1200 GMT and 1400 GMT.

WORDS: 305 - MOVED: 05/05/2025 8:37 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:5a28e93f23e24c77c60749d5db397105&mediaType=text

___

EU--EUROPE-US-SCIENCE

Europe launches a drive to attract scientists and researchers after Trump freezes US funding

SUMMARY: The European Union is launching a drive to attract scientists and researchers with offers of grants and new policy plans. It comes after the Trump administration froze U.S. government funding linked to diversity, equity and inclusion initiatives. French President Emmanuel Macron said Monday that science and research must not "be based on the diktats of the few." European Commission President Ursula von der Leyen says a new "super grant" scheme will offer "a longer-term perspective to the very best" in the field. She says that $566 million will be put forward in 2025-2027 "to make Europe a magnet for researchers."

WORDS: 606 - MOVED: 05/05/2025 7:17 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:6a769e6d40c5127d59797e44a2470cfe&mediaType=text

___

EU--FRANCE-CRYPTOCURRENCY KIDNAPPINGS

'Jackpot!' How French police freed a cryptocurrency hostage whose finger was severed for ransom

WORDS: 510 - MOVED: 05/05/2025 6:25 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:3bee45ffa10fa07dfe8ff4f339ec97e2&mediaType=text

___

TRUMP-TRADE-BEYOND TARIFFS

Trump's trade demands go beyond tariffs to target perceived unfair practices

SUMMARY: President Donald Trump's trade war isn't just about tariffs. His new import taxes are based not on specific goods like cars or steel, but on how he thinks other countries have treated the US. And that's across a broad range of issues including taxes, safety rules, and currency exchange rates. He's given other countries 90 days to make a deal and ward off the highest tariffs. Some areas could be up for negotiations. Others, such as country's own tax systems that Trump doesn't like, would be a much tougher sell.

WORDS: 1304 - MOVED: 05/05/2025 4:48 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:f172b97761c1b4923df63e0beceb584b&mediaType=text

___

US--SPEED LIMITERS-RECKLESS DRIVERS

US states push for speed-limiting devices on the cars of dangerous drivers

SUMMARY: Judges in several states may soon get a new tool to stop dangerous drivers from speeding again. A device called intelligent speed assistance prevents a car from accelerating far past the speed limit. Virginia this year became the first state to approve such a tool for reckless drivers. Similar measures are awaiting governors' signatures in Washington and Georgia. The Washington legislation was inspired by a Seattle crash in which a teenager traveling 112 mph killed a woman and three children when he slammed into their minivan. He was sentenced to more than 17 years in prison. When he gets out on probation, he will have to install the device.

WORDS: 1024 - MOVED: 05/05/2025 12:11 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:72165c45b7481b6b313248841006578b&mediaType=text

___

Continue Reading...

Popular

Mark Cuban Reacts to Elon Musk-Donald Trump Feud

The escalating public feud between Elon Musk and President Trump has prompted a response from Mark Cuban.

Why This Stock Tripled In The Last 3 Months

Investors have gobbled up this transformation story. The company's shares have tripled over the last three months.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

The election of a Trump ally in Poland could alter EU and Ukraine policies

WARSAW, Poland (AP) — Poland has elected , a conservative historian and staunch nationalist, as its next president in a closely watched in the heart of Europe.

IonQ Buys Oxford Ionics In $1.075 Billion Deal To Supercharge Quantum Tech

IonQ to acquire Oxford Ionics for $1.075 billion, combining their quantum computing technologies to deliver powerful and innovative systems.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Peter Thiel's Flying Car Dream Nears Reality With Joby Aviation, But Joe Lonsdale Warns FAA 'Must Move Fast' As China Could Overtake US Amid Regulatory Delays

Venture capitalist Joe Lonsdale is sounding the alarm on Chinese competition in the flying car sector while showcasing American innovation through Joby Aviation Inc., as regulatory delays threaten US market leadership in the emerging eVTOL industry.

The Father-Son Duo Revolutionizing Homebuilding - Ad

Paolo and Galiano Tiramani founded BOXABL with a disruptive idea: bring factory efficiency to homebuilding. Today, new homes can roll off their assembly lines in ~4 hours - with 700+ built already. Now, they're prepping for Phase 2, combining modules into larger homes and apartments.

Cathie Wood Dumps Another $5.2 Million Of Palantir Stock Amid Trump Administration-Linked Surveillance Controversy

On Wednesday, Cathie Wood's Ark Invest sold 40,035 shares of Palantir Technologies Inc, amidst controversy. They bought shares of Guardant Health Inc and Veracyte Inc.

Goldman Sachs Bullish On Branded Drug Upside At Teva: What About Viatris?

Goldman Sachs initiates Teva, Viatris, and Amneal, highlighting branded growth and pipeline strength, but one company's unclear outlook.

Why BlackRock is Hoarding 6X More Bitcoin Than Miners Produce - Ad

A Bitcoin supply shock is building. Institutions and ETFs are buying faster than miners can keep up - creating a shortage most investors haven't noticed. If Bitcoin hits $300K, altcoins could explode 1,000%+. We wrote Crypto Revolution to help you prepare.

Nvidia Stock Seen As 'Unique Opportunity' Amid Chip Sector Volatility, Says Morgan Stanley: 'We Are Materially Under Shipping Demand'

Morgan Stanley has reaffirmed its Overweight rating on Nvidia Corporation (NASDAQ: NVDA), keeping the company as its top choice, despite broader concerns about the semiconductor sector.

Former Zillow Execs Target $1.3T Market - Ad

One co-founded Zillow. The other sold his company to Zillow for $120M. Now they're transforming a $1.3T market via co-ownership. Pacaso's already earned $110M+ in gross profit and reserved the Nasdaq ticker PCSO.

Embed-Chart-China-Critical Minerals, ADVISORY

CHINA-CRITICAL MINERALS — Chart. This AP digital embed chart shows the share of several critical minerals dominated by China in global supply chains. China has spent decades building the world’s main industrial chain for mining and processing such materials, which are used in many industries such as electronics, advanced manufacturing, defense and health care. This chart is current as of June 10, 2025, and will not update. Source: IEA.

Wall Street's Top Insiders Just Made Their Biggest Tesla Bet Yet - Ad

Elon Musk could soon trigger a $34 trillion wealth shift - and two top analysts say Tesla could 2X to 10X in a year. But while all eyes are on Tesla, four overlooked stocks could soar even higher. Learn how t get the full details, tickers, and free report before the Austin launch goes live.

How high will Bitcoin go in 2025? - Ad

A new coin is emerging in the crypto bull market. Investing now could be like buying Bitcoin in 2013. Before it took off. Or scooping up Ethereum in 2017.. before it soared.

London-bound Air India flight with more than 240 aboard crashes after takeoff from Ahmedabad, India

AHMEDABAD, India (AP) — Ahmedabad’s city police commissioner says there don’t appear to have been any survivors from an Air India airliner that crashed, and that there are likely also casualties from the area of the city where it went down.

A Better Hedge Than Gold? - Ad

While the whole world is piling into gold as a hedge... White House documents reveal Trump is betting big on a completely under-the-radar resource. This little-known resource is minting 1,600 millionaires every single day... And investors have a rare opportunity to take advantage before everyone else catches on.

ABC's Terry Moran is suspended following his social media post calling Trump and Miller haters

NEW YORK (AP) — ABC News has suspended correspondent Terry Moran for calling Trump administration deputy chief of staff a “world class hater” in a since-deleted social media post.

Asian shares shoot higher as US stocks inch toward their records

Shares advanced Wednesday in Asia after U.S. stocks drifted closer to their records, while U.S. futures edged lower.

Nvidia's Plan to Dominate the World of Robotics ... - Ad

Robots just had a coming-out party in Las Vegas. From household helpers to rescue bots, they're now essential-not just novelties. Forbes says it's a $24T opportunity. And Nvidia's CEO says one $7 stock is key to building the world's first trillion-dollar robot.

Tesla Stock Tumbles Nearly 3% In Pre-Market As Elon Musk Continues Intense Attack On Trump's 'Big, Beautiful Bill'

The ongoing public feud between Elon Musk and President Donald Trump has taken a toll on Tesla Inc (NASDAQ: TSLA) stock, which slumped following Musk's latest criticisms. On Thursday, the stock fell 1.8% during pre-market session.

Shiba Inu on Verge of a Breakout as Whales Make Bold Moves

Shiba Inu (CRYPTO: SHIB), a competitor to Dogecoin (CRYPTO: DOGE), could potentially see a significant price surge due to a rise in whale activity, according to market intelligence firm Santiment.

Exposed: 3 Cent Crypto to Explode June 24th? - Ad

Chris Rowe, the man who spotted 44 different coins that have returned over 100%, is now making the biggest crypto call of his ENTIRE career.... Because a powerful crypto event will trigger on June 24th... Sending hundreds of tiny cryptos soaring 5X, 50X, even 100X -- in just days.

RFK Jr. Champions 'Medical Freedom' While Curtailing Access, Say Public Health Experts

U.S. Health Secretary Robert F. Kennedy Jr. has championed "medical freedom" while simultaneously limiting access to COVID-19 vaccines and restricting food stamp purchases, creating what public health experts call a dichotomy in his approach to healthcare policy.

US-China Trade War: American Kids To Get Fewer, Costlier Dolls This Christmas, Here's Why

The ongoing US-China trade war is set to hit the American toy industry, with the potential for a decrease in doll production and a rise in consumer prices.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Stock Of The Day: Could Lucid Gaps Refill?

If a stock gaps through certain price levels, then eventually reverses and gets back to these same levels, it may gap back through them.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Trump To Meet Japanese Prime Minister Shigeru Ishiba To Discuss Auto Tariffs At G7: Report

Trump to meet with Japan's PM Ishiba over auto tariffs amid industry uncertainty. Meeting crucial for Ishiba's domestic government.

The Father-Son Duo Revolutionizing Homebuilding - Ad

Paolo and Galiano Tiramani founded BOXABL with a disruptive idea: bring factory efficiency to homebuilding. Today, new homes can roll off their assembly lines in ~4 hours - with 700+ built already. Now, they're prepping for Phase 2, combining modules into larger homes and apartments.

Supreme Court blocks Mexico’s $10B lawsuit alleging US gunmakers have fueled cartel violence

WASHINGTON (AP) — on Thursday blocked a $10 billion lawsuit Mexico filed against top firearm manufacturers in the U.S. alleging the companies’ business practices have fueled tremendous and bloodshed.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service