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Forbes Daily: Target Misses Expectations, Nike Announces Price Hikes

May 22, 2025 - forbes.com
Bitcoin surged over 4% to a new high of $109,700 amid regulatory optimism, as the Senate advanced a framework for stablecoins. Meanwhile, two Israeli embassy staffers were killed in a shooting outside the Capital Jewish Museum in Washington, D.C., described as an anti-Semitic act. Target missed earnings expectations and warned of potential sales declines due to tariff uncertainty and boycotts, while Nike announced price increases amid tariff policies. Major stock indexes suffered losses as long-term Treasury yields spiked.

In tech, TikTok videos are spreading malware disguised as subscription unlocks, with Microsoft reporting a rise in cyberattacks. The Trump Administration faced legal challenges over deportation practices, and accepted a luxury plane from Qatar despite criticism. Niantic, known for Pokémon Go, is pivoting from gaming to AI, focusing on spatial computing. President Trump's domestic policy bill proposes changes to student loans, potentially increasing costs for borrowers. The article also highlights the importance of stress management for career success.

Key takeaways:

  • Bitcoin's price surged to a new all-time high due to regulatory optimism, surpassing $109,700.
  • Two Israeli embassy staffers were killed in a shooting outside the Capital Jewish Museum in Washington, D.C., described as an act of anti-Semitic terrorism.
  • Niantic, the developer of Pokémon Go, is shifting its focus from gaming to AI, selling its game development business to Scopely.
  • President Trump's domestic policy bill proposes a major overhaul of student loan programs, potentially increasing costs for borrowers.
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