Month: June 2025
Gavin Newsom locks horns with Trump in a politically defining moment
Gov. Gavin Newsom speaks with Economic Development Corporation CEO Stephen Cheung at the 2025 Economic Forecast and Industry Outlook conference at East Los Angeles College on Wednesday, February 26, 2025. Sarah Reingewirtz | Medianews Group | Los Angeles Daily News Via Getty Images | Medianews Group | Getty Images Amid immigration raids, peaceful protests, attacks […]
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Elon Musk says Tesla robotaxi rides in Austin ‘tentatively’ set to begin June 22
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul | Pool | Via Reuters Tesla CEO Elon Musk said on Tuesday that his company’s robotaxi service is “tentatively” set to launch in Austin, Texas, on June 22. In a […]
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CNBC Daily Open: The U.S. stock market could be a little too optimistic
Traders work on the floor of the New York Stock Exchange on June 10, 2025. NYSE The U.S. stock market appears a little too optimistic. All three major indexes climbed Wednesday, with the S&P 500 and Nasdaq Composite enjoying their third consecutive session in the green. The S&P, in fact, is around 2% away from […]
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Trump tariffs may remain in effect while appeals proceed, U.S. appeals court rules
U.S. President Donald Trump speaks to the media upon arrival at Joint Base Andrews following a visit to North Carolina, in Maryland, U.S., June 10, 2025. Evelyn Hockstein | Reuters A federal appeals court allowed President Donald Trump’s most sweeping tariffs to remain in effect on Tuesday while it reviews a lower court decision blocking […]
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Futures inch lower as investors await details on China-U.S. trade framework; inflation report looms: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2025. Brendan Mcdermid | Reuters Stock futures ticked lower on Tuesday night as investors sought details on a trade policy consensus reached between the U.S. and China. They also anticipated the release of May’s consumer inflation […]
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China-U.S. agree on framework to implement Geneva trade consensus after second day of London talks
Key Points The U.S. and China have reached consensus on trade, representatives from both sides said after high-level talks in London, according to an NBC transcript. The negotiators will now seek approval on the framework from the U.S. and Chinese presidents, before implementing it. The talks follow a breakthrough trade agreement reached in mid-May that […]
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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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