UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan.Steve Fecht for ChevroletDETROIT — General Motors plans to invest $4 billion in three American assembly plants, including moving or increasing production of two Mexican-produced vehicles to U.S. plants.The Detroit automaker announced the plans Tuesday, as there have been few indications of progress in trade talks between the Trump administration and Mexican leaders. Earlier this year, President Donald Trump implemented 25% tariffs on imported vehicles and 25% tariffs on many auto parts…
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Terry Moran on ABC News on November 5, 2024.David Russell | Disney General Entertainment Content | Getty ImagesABC News said Tuesday it is cutting ties with star national correspondent Terry Moran for his social media post in which he called President Donald Trump and senior White House advisor Stephen Miller “world-class” haters.Moran, 65, had already been suspended over the quickly deleted post on X over the weekend after drawing fire from Trump administration officials. He had spent 28 years at the network, and had conducted a one-on-one interview with Trump in late April.”We are at the end of our agreement…
Defense tech startup Anduril Industries will go public, founder and CEO Palmer Luckey said Tuesday.”We are definitely going to be a publicly traded company,” he told CNBC’s “Closing Bell: Overtime.” “We are running this company to be the shape of a publicly traded company.”He added that there isn’t “really a path” for a company like Anduril to win significant trillion-dollar defense contracts without going public.Luckey did not detail an IPO timeline.Since its founding, Anduril has risen to become one of the most highly valued private U.S. technology companies and is an innovator in the defense tech space, chipping away at…
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesIn the three trading days since Elon Musk’s war of words with President Donald Trump last week sank Tesla’s market cap by 14% in a single session, the stock has rallied almost all the way back. Tesla shares rose 5.7% on Tuesday to close at $326.09 on Tuesday, leaving the stock about $6 short of where it was trading last Wednesday, before the Musk-Trump brouhaha exploded across social media.…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailWill Lewis, Insmed Chair & CEO, joins ‘Fast Money’ to talk its recent trial results for Pulmonary Arterial Hypertension therapy, the stock reaction, and more. Source link
John Creekmur, chief investment officer at the Illinois-based Creekmur Wealth Advisors, said that Disney is a buying opportunity after it took full control of Hulu . Shares of the entertainment giant were up more than 2% on Tuesday after Disney agreed to pay Comcast $438.7 million for its stake in Hulu. The move has been in the works for a few years, with Disney announcing in 2023 that it planned to buy Comcast’s 33% stake in Hulu. Creekmur appeared on “Three-Stock Lunch” Tuesday, sharing his takes on Disney, Taiwan Semiconductor and J.M. Smucker. Walt Disney Company Disney’s acquisition of Hulu…
U.S. Treasury Secretary Scott Bessent leaves on his way back to the U.S., while trade talks between the U.S. and China continue, in London, Britain, June 10, 2025. Toby Melville | ReutersU.S. Treasury Secretary Scott Bessent said Tuesday he is departing ongoing trade talks with China because he has to travel to Washington, D.C., to testify before Congress the next day.Commerce Secretary Howard Lutnick and U.S. Trade Representative Jamieson Greer will remain in London to continue the negotiations with Beijing, which are still underway after two lengthy days of talks, Bessent said.Lutnick said earlier that the parties were “trying to…
Wall Street isn’t immune from the plot line that has generative AI resulting in wholesale knowledge worker replacement. A new tool from AlphaSense, called Deep Research, won’t provide any comfort.The generative AI agent functions like a team of analysts operating at what AlphaSense calls “superhuman speed,” generating research and market insights, and building investment-grade briefings.But Jack Kokko, AlphaSense CEO and a former Morgan Stanley analyst and Wharton School MBA, isn’t worried about the job outlook for Wall Street professionals.”It’s a popular narrative,” Kokko told CNBC of the job replacement fears during an interview on “The Exchange” on Tuesday after AlphaSense…
Why is the U.S. military in L.A.?The use of military force on domestic soil in the U.S. is rare, and it is usually reserved only for the most extreme situations. In deploying 4,000 members of the National Guard and 700 Marines in response to protests over immigration raids in Los Angeles, President Trump is pushing his powers to the limit.California officials asked a court yesterday for an emergency order that would restrict the deployment of the Marines and Guard troops in Los Angeles to protecting federal property. “Trump is turning the U.S. military against American citizens,” California’s governor, Gavin Newsom,…
Stocks have made a recovered from this year’s lows, but uncertainty remains a key theme as the second half of the year approaches – and investors can prepare for it. President Donald Trump’s rollout of sharply higher tariffs in April sent stocks on a wild ride, with the S & P 500 at one point dipping more than 20% from its all-time high. Traders’ hopes for progress in trade negotiations, along with solid first-quarter earnings, helped the market recover since then, however. The S & P 500 is now less than 2% below its its all-time high. Don’t just kick…
