Day: June 10, 2025
Asia-Pacific markets set to mostly climb on optimism over progress in U.S.-China trade talks
Maremagnum | Corbis Documentary | Getty Images Asia-Pacific markets were set to mostly climb Wednesday as investors continue to track trade discussions between the U.S. and China, which U.S. Commerce Secretary Howard Lutnick described as being “productive.” The talks between officials from both superpowers had continued for a second day in London on Tuesday. U.S. Treasury […]
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Zuckerberg makes his biggest AI bet as Meta nears $14 billion stake in Scale AI, hires founder Wang
Mark Zuckerberg arrives before the inauguration of Donald Trump as the 47th president of the United States takes place inside the Capitol Rotunda of the U.S. Capitol building in Washington, D.C., Monday, Jan. 20, 2025. Kenny Holston | Via Reuters Mark Zuckerberg is so frustrated with Meta’s standing in artificial intelligence that he’s willing to […]
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GM to invest $4 billion in U.S. plants amid tariffs for Mexican-produced vehicles
UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet DETROIT — General Motors plans to invest $4 billion in three American assembly plants, including moving or increasing production of two Mexican-produced […]
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Tesla rallies on robotaxi hopes as fear over Musk-Trump feud subsides
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images In the three trading days since Elon Musk’s war of words with President Donald Trump last week sank Tesla’s market cap by 14% […]
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DoubleLine’s Gundlach says to buy international stocks on the dollar’s ‘secular decline’
Jeffrey Gundlach speaking at the 2019 Sohn Conference in New York on May 6, 2019. Adam Jeffery | CNBC DoubleLine Capital CEO Jeffrey Gundlach said Tuesday that international stocks will continue to outshine U.S. equities on the back of what he believes to be the dollar’s secular downtrend. “I think the trade is to not own U.S. […]
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Anduril CEO Palmer Luckey says the defense tech company will ‘definitely’ go public
Defense tech startup Anduril Industries will go public, founder and CEO Palmer Luckey said Tuesday. “We are definitely going to be a publicly traded company,” he told CNBC’s “Closing Bell: Overtime.” “We are running this company to be the shape of a publicly traded company.” He added that there isn’t “really a path” for a […]
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ABC News won’t renew Terry Moran contract after Trump, Miller post
Terry Moran on ABC News on November 5, 2024. David Russell | Disney General Entertainment Content | Getty Images ABC News said Tuesday it is cutting ties with star correspondent Terry Moran over a social media post that called top Trump administration advisor Stephen Miller a “world class hater.” Moran had already been suspended over […]
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Google offers buyouts to employees across the company, including Search
Sundar Pichai, CEO of Google, speaks at the Google I/O developer conference. Andrej Sokolow | Picture Alliance | Getty Images Google on Tuesday offered buyouts to employees across several of its divisions, including those within its knowledge and information and central engineering units as well as marketing, research and communications teams, CNBC has learned. Knowledge […]
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Treasury Sec. Bessent leaves London, but U.S.-China trade talks continue
U.S. Treasury Secretary Scott Bessent leaves on his way back to the U.S., while trade talks between the U.S. and China continue, in London, Britain, June 10, 2025. Toby Melville | Reuters U.S. Treasury Secretary Scott Bessent said Tuesday he is departing ongoing trade talks with China because he has to travel to Washington, D.C., […]
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Trump says D.C. military parade protesters will be met with ‘very heavy force’
U.S. President Donald Trump speaks in the Oval Office at the White House in Washington, D.C., U.S., June 10, 2025. Nathan Howard | Reuters President Donald Trump warned Tuesday that protestors at his upcoming military parade in Washington, D.C., will be met with “heavy force.” “We’re going to be celebrating big on Saturday,” Trump said […]
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