Miners exposed to U.S. copper prices on the Chicago Mercantile Exchange, or CME, are the biggest beneficiaries of President Donald Trump’s 50% tariffs on the metal, according to Bank of America. Trump’s abruptly announced tariff sent copper prices soaring Tuesday, with the September futures contract on the CME jumping about 13% to post it highest settle ever and best daily performance since 1989. Two key copper stocks with exposure to CME pricing are Freeport-McMoRan and Southern Copper , according to Bank of America analysts. About 36% of Freeport’s estimated 2025 revenues are attributable to U.S. copper prices, while 40% of…
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Russian President Vladimir Putin and U.S. President Donald Trump.Mikhail Metzel | Evelyn Hockstein | Via ReutersPresident Donald Trump told campaign donors last year that he had threatened to “bomb the s–t out of Moscow” if Russian President Vladimir Putin invaded Ukraine, according to a new report.Trump at the same donor meeting claimed he similarly threatened Chinese President Xi Jinping to deter China from invading Taiwan, according to audio obtained by CNN and detailed in a forthcoming book, “2024.””With Putin I said, ‘If you go into Ukraine, I’m going to bomb the sh– out of Moscow,” Trump told donors at the…
Linda Yaccarino, CEO, X/Twitter speaks onstage during Vox Media’s 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. Jerod Harris | Getty Images Entertainment | Getty ImagesLinda Yaccarino on Wednesday announced she is stepping down as CEO of Elon Musk’s social media site X after two years in the role.Yaccarino’s departure comes one day after Musk’s artificial intelligence chatbot Grok repeatedly made antisemitic comments on Tuesday and referenced Hitler in response to posts about the Texas flooding. Grok is built by Musk’s company xAI and is integrated with his social media site X. “When @elonmusk…
The Galaxy Z Fold 7 is super thin, measuring just 8.9 millimeters when closed and 4.2 millimeters when unfolded.Ryan Browne | CNBCSamsung on Wednesday launched three new folding smartphones — including thinner top-end devices and a cheaper version of its flip phone — as the tech giant looks to entice buyers to make the switch to foldables.The main new additions to Samsung’s foldable phone range are the Galaxy Z Fold 7, which folds like a book, and the Galaxy Z Flip 7, which takes on the form of the classic clamshell-style flip phones. Samsung also announced a cheaper version of its…
The silhouette of a pedestrian is seen walking past the Marriner S. Eccles Federal Reserve building in Washington, D.CAndrew Harrer | Bloomberg | Getty ImagesIf leading the Federal Reserve isn’t challenging enough, the next central bank chair faces an additional burden: credibility issues now that President Donald Trump has stepped up efforts to exert a heavy hand on monetary policy.Whoever the successful candidate is could carry the specter of being there simply to do Trump’s bidding on interest rates, violating the Fed’s traditionally apolitical veneer.To exert more influence in the near term, Trump reportedly is considering naming a “shadow chair”…
Broadcom is starting to “fire on all cylinders,” according to JPMorgan. The firm reiterated an overweight on the semiconductor stock on Wednesday, alongside a $325 per share price target. JPMorgan’s forecast calls for about 20% upside from Tuesday’s $271.80 close. Analyst Harlan Sur said a recent meeting with Broadcom executives where they disclosed strong artificial intelligence demand at the XPU business underpins JPMorgan’s bullish view. Executives also described “gradual recovery trends” in Broadcom’s businesses outside of AI, Sur said. AVGO YTD mountain Broadcom stock in 2025. “The team is seeing a gradual ‘U’ shape recovery in its non-AI semiconductor business,…
A bust of Elon Musk that was recently vandalized is seen near the SpaceX projects in Brownsville, Texas, on May 3, 2025. Gabriel Cardenas | Afp | Getty ImagesGrok is pretending yesterday didn’t happen.The artificial intelligence chatbot built by Elon Musk’s xAI and integrated with his social media site X has deleted its comments praising Adolf Hitler and attacking Jewish people but denied that it made such posts and said it can’t “confirm or deny” making the statements.Grok repeatedly made antisemitic comments on Tuesday and referenced Hitler in response to posts about the Texas flooding.The chatbot insisted it “never made…
President Donald Trump, accompanied by U.S. Secretary of State Marco Rubio (L) and U.S. Defense Secretary Pete Hegseth (R), discusses his decorating of the Cabinet Room during a cabinet meeting at the White House on July 08, 2025 in Washington, DC.Andrew Harnik | Getty ImagesPresident Donald Trump signaled he would send more letters Wednesday dictating new U.S. tariff rates on a slew of countries’ imports, leaning into his aggressive approach to resetting America’s global trade relationships.The Trump administration “will be releasing a minimum of 7 Countries having to do with trade, tomorrow morning,” Trump wrote in a Truth Social post…
Nvidia CEO Jensen Huang attends a roundtable discussion at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 11, 2025.Sarah Meyssonnier | ReutersNvidia shares jumped more than 2% on Wednesday, topping a $4 trillion market cap for the first time as investors scooped stock in the tech giant building the hardware for the generative artificial intelligence boom.The chipmaker is the first company to ever achieve this market value.Nvidia is the world’s most valuable company, surpassing Microsoft and Apple, both of which hit the $3 trillion mark before Nvidia. Microsoft is…
Dilara Irem Sancar | Anadolu | Getty ImagesIran’s oil minister on Wednesday criticized the effects of war-led disruptions to oil markets, weeks after Tehran’s 12-day hostilities with Israel sent crude price soaring.In remarks via videoconference for the OPEC seminar in Vienna, Mohsen Paknejad said, “Whatever the cause, an aggression of war that leads to the disruption of the supply of oil and gas resources to the international market imposes … complications on energy producers, and subjects national economies to hardships.””I believe we all need to take a principled stand against the resort to, and use of war, as a tool…
