At a used car market in Beijing, salesman Ma Hui said he fears China’s electric vehicle industry is in a race to the bottom.EV makers, led by the country’s market leader BYD, have been engaged in a bruising price war, depressing profits for the brands, as well as sellers such as Ma.”All of us were losing money last year,” Ma said about his fellow used car sellers in the market. “There are too many companies making too many new energy cars.”A BYD dealership in Beijing on June 4, 2025.CNBCChina’s trading partners have often accused the country of flooding the global…
Author: usaeverydaylife
California National Guard personnel stand outside the Edward R. Roybal federal building after their deployment by U.S. President Donald Trump, in response to protests against immigration sweeps, in Los Angeles, California, U.S. June 8, 2025. David Ryder | ReutersCalifornia Gov. Gavin Newsom on Tuesday asked a federal judge to quickly block the Trump administration’s deployment of National Guard members and Marines to Los Angeles to quell protests against immigration raids.This is breaking news. Please refresh for updates. Source link
When the idea for the Oura Ring was first spawned in 2013, the company’s founders envisioned a device that would take a precise look at sleep and recovery, two important aspects of overall health that they felt few wearable tools had prioritized to that point.Now, over a decade later, Oura’s ambitions have evolved to transform healthcare and personal health, all while disrupting the growing wearables industry.”The vision for the future of Oura has to do with the doctor in your pocket,” Oura CEO Tom Hale said in an appearance on CNBC’s “Squawk on the Street” on Tuesday. “Everyone already has…
Images from Los Angeles this week of demonstrators throwing rocks and police officers spraying tear gas mirror scenes of other recent confrontations between protesters and the authorities from around the world.Los Angeles has been convulsed by public outrage since the Trump administration launched a series of immigration raids on Friday. In response to the protests, President Trump called in the National Guard and the military. By Tuesday, 700 Marines were expected to be in the city, along with 4,000 Guard troops.For social scientists who study the intersection of protests, politics and law enforcement, the scenes unfolding in California broadly follow…
Wall Street, Manhattan, New YorkAndrey Denisyuk | Moment | Getty ImagesIn the feverish race to adopt artificial intelligence, the financial world stands at a critical juncture. The allure of general-purpose AI, the kind championed by tech giants, is undeniable. But for finance, a realm of intricate regulations and specialized jargon, this approach is a dangerous mirage.It’s time for a reality check: finance needs its own AI, not a one-size-fits-all solution.The idea that a generalized large language model (LLM) can seamlessly navigate the complexities of wealth management, asset management, or insurance is fundamentally flawed. These are domains with their own jargon,…
The head of Snapchat operator Snap, Evan Spiegel, presents the new generation of Spectacles in Los Angeles on Sept. 17, 2024.Andrej Sokolow | Picture Alliance | Getty ImagesSnap on Tuesday announced its plans to release a sixth-generation of its augmented reality glasses in 2026, as competition in the smart glasses market continues to heat up. The maker of Snapchat said that its next-generation glasses will be called Specs, breaking with the company’s Spectacles branding that it used for previous versions of its wearable devices. The Specs will use AR technology to let people see and interact with digital imagery that’s overlaid over…
ICE arrested Ramon Morales-Reyes, a 54-year-old from Mexico on May 22, 2025.Courtesy: U.S. Homeland SecurityThe undocumented Mexican immigrant who was detained after being framed by a jailed inmate for threatening President Donald Trump can be released on a $7,500 bond, a Chicago Immigration Court judge ruled Tuesday morning.Judge Carla Espinoza said at a hearing that she does not believe Milwaukee resident Ramon Morales-Reyes is a danger to the community pending removal proceedings.The judge noted that although the 54-year-old Morales-Reyes has been arrested several times since 1996, he has only been convicted once, for disorderly conduct.An attorney representing the Department of…
Arvind Jain, CEO of Glean, on SaaS Monster stage during day one of Web Summit 2022 at the Altice Arena in Lisbon, Portugal, on Nov. 2, 2022.Harry Murphy | Sportsfile | Getty ImagesGenerative AI enterprise search startup Glean announced on Tuesday that it raised $150 million in a Series F financing, pushing up its valuation from investors by billions of dollars in less than a year, to $7.2 billion. The company’s last fundraising in September 2024 valued Glean at $4.6 billion.On Tuesday, Glean was also named to the CNBC Disruptor 50 list for the second-consecutive year.Glean reported that its annual recurring…
Check out the companies making the biggest moves midday: Topgolf Callaway Brands — The stock popped 5%, adding to its nearly 15% surge in the previous session. Topgolf got a boost on Monday after a director disclosed the purchase of additional shares. Insmed – Shares surged more than 26% after the global biopharmaceutical company announced positive results from a Phase 2b study of treprostinil palmitil inhalation powder, a once-daily treatment for pulmonary arterial hypertension. United Therapeutics , in turn, dropped more than 15%. J.M. Smucker – The food company pulled back 13% after its fiscal fourth-quarter revenue of $2.14 billion…
Wall Street’s so-called fear gauge recorded a steep slide over recent months. That’s good news for investors looking longer term. The CBOE Volatility Index (VIX) has dropped around 35 points over the two months since President Donald Trump rolled back many of his market-roiling tariffs in April. That’s the third largest decline in the VIX’s history going back to 1990, according to Bespoke Investment Group data, ranking behind periods in late 2008 and mid 2020. .VIX 3M mountain The VIX over the last 3 months As the VIX has retreated, stocks have rebounded significantly from the sell-off seen in the…
