Pres. Trump announces 'permanent' auto tariffs going into effect April 2 Source link
Author: usaeverydaylife
U.S. President Donald Trump speaks to the media in the Oval Office at the White House in Washington, D.C., U.S., March 26, 2025. Evelyn Hockstein | ReutersAfter President Donald Trump said on Wednesday he would impose 25% tariffs on “all cars that are not made in the United States,” he said his key advisor, Tesla CEO Elon Musk, had not weighed in on the matter, “because he may have a conflict.”He added that Musk had never “asked me for a favor in business whatsoever.”Musk serves as a senior advisor to President Donald Trump, having earlier contributed $290 million to propel him…
From left, Playground Global partners Peter Barrett, Pat Gelsinger, Jory Bell, Bruce Leak and Ben Kim.Playground GlobalAfter a tumultuous four years running Intel, Pat Gelsinger is going into venture capital.Gelsinger, who was ousted by the chipmaker in December, has joined Playground Global as a general partner. Started in 2015 by a group that included Android founder Andy Rubin, Playground focuses on early-stage investments in deep technology.Gelsinger told CNBC in an interview that he considered starting a venture firm with someone else, but opted to go with a structure that was already up and running.”It’s about scale,” Gelsinger said, adding that…
Palestinians in Gaza protested against the war for a second straight day on Wednesday and chanted slogans against Hamas, frustrated and angry over the collapse of a cease-fire with Israel that many had hoped would become permanent.The protests were rare shows of dissent against Hamas, the armed group that has ruled Gaza for 17 years with an iron fist and which started a 15-month war by leading the Oct. 7, 2023, attack on Israel. Wednesday’s protests appeared to spread to more parts of Gaza than on Tuesday, according to video on social media and witnesses.Most of the demonstrations have been…
CNBC’s Phil LeBeau talks how the latest slate of auto tariffs could impact the U.S. automarket. Source link
TD Cowen’s note outlining Microsoft’ s abandonment of two data center projects added fuel to the sell-off in Big Tech shares Wednesday. According to analyst Michael Elias, Microsoft walked away from the two data centers — which were expected to have more than 2 gigawatts of capacity — in the U.S. and Europe over the past six months. The Windows and Xbox company has also delayed or canceled data center leases over the past month, he added. Microsoft traded 1.3% lower Wednesday, snapping a three-day rebound, while the tech-heavy Nasdaq Composite dropped more than 2%. Artificial intelligence chipmaker Nvidia tumbled…
With 250,000 highly-desired Nvidia graphics processors, CoreWeave has become one of the most prominent “GPU clouds,” a status it hopes investors will value when it debuts on the public markets.But the world of artificial intelligence hardware is moving so quickly that it raises questions about how long those chips will remain on the cutting edge and in demand. It’s a concern that could impact investor demand for shares of CoreWeave, one of the most anticipated IPOs in years.CoreWeave, which rents out remote access to computers based on Nvidia AI chips, said in a financial filing this month that most of…
Vin Gupta, Chief Medical Officer at Amazon Pharmacy, speaks during Amazon’s “Delivering the Future” event at the company’s BFI1 Fulfillment Center, Robotics Research and Development Hub in Sumner, Washington on October 18, 2023. Jason Redmond | Afp | Getty ImagesAmazon has lost the chief medical officer of its pharmacy division after five years at the company.Dr. Vin Gupta, who most recently served as the medical chief of Amazon Pharmacy, joined Amazon in 2020 as the company was in the early stages of a multi-year effort to build out a health-care business.Gupta has joined Manatt, Phelps & Phillips, LLP, a professional services firm,…
The S&P 500 snapped a 3-day winning run on Wednesday as investors braced for auto tariff details from President Trump. Here’s what CNBC is watching Thursday. Source link
Chris Harvey, Wells Fargo Securities, joins ‘Fast Money’ to talk how to navigate the current market volatility. Source link
