U.S. President Donald Trump and Tesla CEO Elon Musk in a Tesla Model S car, in front of the White House in Washington, D.C., on March 11, 2025.Kevin Lamarque | Reuters Studies regarding the benefits of return-to-office mandates have been mixed. Some find that hybrid workers are as productive as on-site ones, while others conclude that in-person work cultivates mentorship and training.In some cases, however, the results of being physically in the office are unequivocal. Tesla CEO Elon Musk said on X that he would be “spending 24/7 at work and sleeping in conference/server/factory rooms.” Investors appeared glad that Musk…
Author: usaeverydaylife
The Bank of Japan headquarters in Tokyo, Japan, on Sept. 27, 2021.Toru Hanai | Bloomberg | Getty ImagesJapan’s bond market is igniting fears of capital flight from the U.S. and a carry trade unwind as long-dated yields hover near record highs.Yields resumed their move higher Wednesday as demand for 40-year government bonds reportedly dropped to its weakest level since July last year, according to Reuters’ calculations, hovering near record highs hit last week.Japan’s 40-year government bonds yields hit an all-time high of 3.689% Thursday and were last trading at 3.318% — almost 70 basis points higher so far this year.…
Stellantis North America COO and Jeep CEO Antonio Filosa speaks during the Stellantis press conference at the Automobility LA 2024 car show at Los Angeles Convention Center in Los Angeles, California, November 21, 2024. Etienne Laurent | Afp | Getty ImagesAuto giant Stellantis on Wednesday appointed North American chief operating officer Antonio Filosa as its new chief executive, ending a months-long campaign to fill the firm’s leadership void.The multinational conglomerate, which owns household names including Jeep, Dodge, Fiat, Chrysler and Peugeot, said it would hold an extraordinary shareholder meeting in the coming days for Filosa to be elected to the…
UAE President Sheikh Mohamed bin Zayed Al Nahyan (R) welcomes his US counterpart Donald Trump upon arrival at the presidential terminal in Abu Dhabi on May 15, 2025. Giuseppe Cacace | Afp | Getty ImagesDUBAI, United Arab Emirates — Deep in the oil-rich deserts of the Middle East, the United Arab Emirates is on a mission to establish supremacy in the field of artificial intelligence.Seven thousand miles across the planet, the United States, led by President Donald Trump, wants American firms to dominate the global AI race.While their goals may be separated by continents, their ambitions are strikingly aligned.The U.S.…
German import prices unexpectedly contract in AprilA container ship at the Port of Hamburg in Germany.Maria Feck/Bloomberg via Getty ImagesGerman import prices fell by 0.4% year on year in April, figures from the Federal Statistical Office showed on Wednesday.Analysts had been expecting an annual rise of 0.2%, according to LSEG data.The previous month had seen import prices rise by 2.1% in Germany.— Chloe TaylorHere’s what to expect todayThe La Defence business district in Paris, France.Bloomberg | Bloomberg | Getty ImagesInvestors can expect a swathe of economic data out of Europe on Wednesday, including German import prices, final French gross domestic product…
A L ‘Oreal store near the Nanjing Road Pedestrian Street in Shanghai, China on April 1, 2025.Cfoto | Future Publishing | Getty ImagesBEIJING — European business optimism about China has hit its lowest on record – worse than during the pandemic — due to slower growth and geopolitical worries.A record 73% of respondents in the EU Chamber of Commerce in China’s annual survey said doing business in the Asian country has become more difficult in the past year, marking a new high for a fourth-straight year.That’s just one of the several record lows in sentiment found in the annual survey,…
Getty Images’ logo seen displayed on a smartphone with an AI chip and symbol in the background.Budrul Chukrut | Sopa Images | Lightrocket via Getty ImagesLONDON — Getty Images is spending millions of dollars to take on a “world of rhetoric” through its Stability AI suit, the photo licensing company’s boss Craig Peters says.Peters told CNBC in an interview that both Stability AI — the U.K.-based startup best known for its text-to-image model Stable Diffusion — and other AI labs are stealing copyright-protected material to train their AI models for commercial gain.These firms, he said, are taking copyrighted material to…
A logo on the exterior of a Vodafone Group Plc store in London, UK, on Monday, May 13, 2024.Bloomberg | Bloomberg | Getty ImagesThis report is from the first-ever edition of CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and the key personalities shaping the news. Along with a deep dive into these top stories, the newsletter highlights key developments in the U.K. and essential events that are set to make waves. Like what you see? You can subscribe here.The dispatchLong-term followers of Vodafone could have been forgiven…
Matt Farrah of Newcastle, Australia views SpaceX’s next-generation Starship spacecraft atop its Super Heavy booster is prepared for launch on its ninth test at the company’s launch pad in Starbase, Texas, U.S., May 27, 2025. Joe Skipper | ReutersSpaceX’s Super Heavy booster and Starship rocket exploded during a test flight on Tuesday, the third consecutive setback for Elon Musk’s company.Tuesday’s un-crewed mission was the ninth test flight. The system suffered prior explosions in January and March. Together, the Starship rocket and Super Heavy booster are around 400 feet tall when stacked for a launch.SpaceX has been developing the Starship system…
Annealed neodymium iron boron magnets sit in a barrel prior to being crushed into powder at Neo Material Technologies Inc.’s Magnequench Tianjin Co. factory in Tianjin, China.Bloomberg | Bloomberg | Getty ImagesBEIJING — As China tightens its grip on the global supply of key minerals, the West is working to reduce its dependence on Chinese rare earth.This includes finding alternative sources of rare earth minerals, developing technologies to reduce reliance, and recovering existing stockpiles through recycling products that are reaching the end of their shelf life.”You cannot build a modern car without rare earths,” said consulting firm AlixPartners, noting how…
