Month: June 2025
Spirit makers face a sobering cocktail of challenges — from tariffs to teetotalers
Various whiskey bottles on shelves in a bar. Hiob | Istock | Getty Images Global spirit makers are staring down a sobering cocktail of challenges as tariffs and brand boycotts threaten to exacerbate wider shifts in drinking habits. French cognac maker Rémy Cointreau on Wednesday became the latest spirits maker, following Diageo and Pernod Ricard, to […]
Read More
Trump says China’s Xi agreed to let rare earth minerals flow to U.S.
U.S. President Donald Trump speaks to reporters aboard Air Force One en route to New Jersey, U.S., June 6, 2025. Nathan Howard | Reuters U.S. President Donald Trump said on Friday that Chinese President Xi Jinping agreed to let rare earth minerals and magnets flow to the United States, a move that could lower tensions between the world’s biggest economies. Asked […]
Read More
Trump says he has no plans to speak to Musk as feud persists
President Donald Trump said on Friday that he has no plans to speak with Elon Musk, signaling the president and his former ally might not resolve their feud over a sweeping tax-cut bill any time soon. Addressing reporters aboard Air Force One, Trump said he wasn’t “thinking about” the Tesla CEO. “I hope he does well with Tesla,” Trump said. However, Trump said a review […]
Read More
Tesla Optimus robotics vice president Milan Kovac is leaving the company
Tesla displays Optimus next to two of its vehicles at the World Robot Conference in Beijing on Aug. 22, 2024. CNBC | Evelyn Tesla’s vice president of Optimus robotics, Milan Kovac, said on Friday that he’s leaving the company. In a post on X, Kovac thanked Tesla CEO Elon Musk and reminisced about his tenure, […]
Read More
Walmart chases new and younger customers as tariffs rattle shoppers
BENTONVILLE, ARK. — As tariffs drive prices higher, Walmart unveiled its latest efforts to woo new and younger shoppers — including a fresh advertising campaign, a clothing brand designed for tweens and drone deliveries in more cities. The moves, which the retail giant’s leaders announced this week, illustrate how the discounter sees opportunities to grow […]
Read More
Tesla already had big problems. Then Musk went to battle with Trump
President Donald Trump holds a news conference with Elon Musk to mark the end of the Tesla CEO’s tenure as a special government employee overseeing the U.S. DOGE Service on Friday May 30, 2025 in the Oval Office of the White House in Washington. Tom Brenner | The Washington Post | Getty Images Tesla has […]
Read More
Maryland man returns to U.S. to face charges after mistaken deportation to El Salvador
U.S. Reps. Nydia Velazquez, D-N.Y., at left, and Juan Vargas, D-Calif., hold pictures of Kilmar Abrego Garcia during a news conference to discuss Abrego Garcia’s arrest and deportation, at the Cannon House Office Building in Washington, April 9, 2025. Alex Wong | Getty Images Maryland resident Kilmar Abrego Garcia was returned to the United States […]
Read More
Trump announces U.S.-China trade talks in London next week
U.S. Secretary of the Treasury Scott Bessent, U.S. Trade Representative Jamieson Greer, Li Chenggang, China’s International Trade Representative and Vice Minister of Commerce and Chinese Vice Premier He Lifeng, prepare to discuss during a bilateral meeting between the U.S. and China, in Geneva, Switzerland, May 11, 2025. Keystone/eda/martial Trezzini | Via Reuters Treasury Secretary Scott […]
Read More
How investors can use these high-yielding assets to diversify their portfolios
With interest rates still elevated, investors continue to find juicy yields in collateralized loan obligations. Some $4.7 trillion has flowed into CLO and bank loan exchange-traded funds since the start of the year, following 2024’s record $25.6 billion in inflows , according to State Street. While investors fled the funds, along with many others, in […]
Read More
Trump considers getting rid of his Tesla on heels of Elon Musk feud
A Tesla vehicle is parked on West Executive Avenue near the White House and the Eisenhower Executive Office building in Washington, D.C., U.S., June 5, 2025. Jeff Mason | Reuters President Donald Trump is the latest Tesla owner to think about getting rid of his car after souring on Elon Musk. Trump is considering selling, […]
Read More