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Business news archive · June 2025

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FTC Approves Ad Merger, Bans Political Ad Boycotts

The Republican-led Federal Trade Commission (FTC) approved a $13.5 billion merger between Omnicom and Interpublic Group, imposing a condition barring the merged entity from steering ad dollars based on political viewpoin…

Trump Media Announces $400M Stock Buyback Plan

Trump Media & Technology Group (TMTG), operator of Truth Social, announced a $400 million stock buyback plan to enhance financial flexibility. This follows a 46% stock value decline this year. The buyback will retire the…

Home Sales Slump to 16-Year Low in May

Existing home sales in May reached their slowest pace since 2009, declining 0.7% year-over-year, according to the National Association of Realtors. Chief Economist Lawrence Yun attributes the sluggish sales to affordabil…

Holcim and Amrize Report Strong 2024 Financial Results

Holcim, a leading sustainable construction partner with CHF 16.2 billion in 2024 net sales, and its spin-off Amrize ($11.7 billion revenue), reported strong financial results. Holcim operates in 45 markets globally, offe…

Stellantis Appoints Filosa as New CEO Amidst Challenges

Stellantis' new CEO, Antonio Filosa, assumes his role amid significant challenges. He succeeds Carlos Tavares, whose tenure saw declining sales and strained relationships with dealers and employees. Filosa, a 25-year Ste…

Bitcoin Plunges Below $100K Amidst Iran Strikes

Bitcoin fell below $100,000 for the first time in a month, dropping 4% to around $99,300 following U.S. airstrikes on Iran. Ether also experienced a significant decline of almost 10%, and the overall crypto market plumme…

Bitcoin Rebounds Above $102,000 After Sharp Dip

Bitcoin surged past $102,000 after a brief dip below $101,000, fueled by increased trading volume. The rebound followed a post by James Lavish, Managing Partner of the Bitcoin Opportunity Fund, emphasizing Bitcoin's valu…

Healthcare Job Losses Looming from Budget Cuts

Proposed budget cuts to Medicaid and the Affordable Care Act threaten to eliminate nearly 500,000 healthcare jobs over the next decade, according to analyses by George Washington University and the Commonwealth Fund. Red…

SEGA reveals surprising game sales figures

SEGA Sammy's Management Meeting 2025 revealed sales figures for several titles. Sonic Frontiers sold 4.57 million copies, while Persona 5 Royal reached 7.25 million. Sonic Superstars, despite initial concerns, sold 2.43 …

Beat Prime Day: Apple & Back-to-School Deals Now!

Early back-to-school and Apple gadget deals are available now, beating Amazon Prime Day prices. Retailers are offering discounts on earbuds, laptops, tablets, and more, with some items like AirPods and iPad Air already a…