The Pentagon is taking immediate action to boost critical mineral production in the U.S. and counter China’s dominance of the supply chain for rare earth magnets, a defense official told CNBC on Tuesday.The Defense Department last week agreed to buy a direct equity stake in MP Materials, which will make the U.S. government the miner’s largest shareholder. MP operates the only rare earth mine in the U.S. located at Mountain Pass, California, and a magnet plant in Fort Worth, Texas.When asked whether the Pentagon is considering similar investments in other U.S. mining companies, the defense official said it is looking…
Author: usaeverydaylife
JoeBen Bevirt, founder and CEO of Joby Aviation, stands near an electric air taxi by Joby Aviation at the Downtown Manhattan Heliport in Manhattan, New York City, U.S., November 12, 2023.Roselle Chen | ReutersJoby Aviation is ramping up its manufacturing capabilities in the U.S. as it races to roll out air taxi service in 2026.The electric vertical takeoff and landing (eVTOL) maker said Tuesday that it’s launching production at its remodeled components facility in Dayton, Ohio, and plans to double capacity at its Marina, California, manufacturing hub.”Reimagining urban mobility takes speed, scale, and precision manufacturing. Our expanded manufacturing footprint in…
Jannik Sinner lifts the Gentlemen’s Singles Trophy following his victory against Carlos Alcaraz of Spain at The Championships Wimbledon 2025, July 13, 2025 in London, England.Clive Brunskill | Getty Images Sport | Getty ImagesJannik Sinner won his first Wimbledon title on Sunday after an epic match at the grass-court major, but the young champion started his athletic career on the ski slopes, not the tennis court.The 23-year-old, who grew up in the mountainous region of South Tyrol in Italy, defeated two-time defending champion Carlos Alcaraz in London to win his fourth Grand Slam title. Alcaraz had won the past five…
Two weeks ago, my wife and I finally gave in and bought our twin boys iPhones. My wife’s sister has three older daughters in high school and college and she insisted that we look into the app Life360 . She proclaimed that the app is a must have for pre-teens and teens and many parents use it. So, we signed up. One week in, I cannot remember a time when software so quickly integrated into our lives. I started studying the company and found that it was publicly traded, and the technicals and fundamentals look great. I added the position to…
Traders work on the floor at the New York Stock Exchange in New York City, U.S., July 15, 2025. Jeenah Moon | ReutersThe Dow Jones Industrial Average fell Tuesday as worries over U.S. inflation and a mixed bag of big bank earnings dragged the blue-chip index lower. The Nasdaq Composite, meanwhile, got a boost from gains in Nvidia.The 30-stock Dow lost 313 points, or 0.5%. The The Nasdaq jumped 0.5%, lifted by a more than 4% rise in Nvidia shares after the chip company said it hopes to “soon” resume deliveries of its H20 GPU sales to China. The S&P…
Jakub Porzycki | Nurphoto | Getty ImagesFairshake, the cryptocurrency industry’s most powerful political action committee, announced Tuesday that it now holds more than $141 million in cash on hand, underscoring the sector’s growing influence as Congress takes up landmark legislation this week.The total, which includes liquid assets like crypto, stock, and cash, reflects a surge of donations from digital asset executives and firms, including a fresh $25 million from Coinbase.Fairshake and its two affiliated PACs — Defend American Jobs and Protect Progress — have raised $109 million since Election Day in 2024 and $52 million during just the first half…
Lisa Su, chair and CEO of Advanced Micro Devices Inc., during the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023.David Paul Morris | Bloomberg | Getty ImagesAdvanced Micro Devices said Tuesday that it will soon restart shipments of its MI308 artificial intelligence chips to China. The stock climbed 7% following the news.The company said Tuesday that the U.S. Commerce Department plans to resume reviewing its license applications to send the products to the world’s second-largest economy. AMD said it plans to start shipments once those are approved.”We applaud the progress made by the Trump administration in…
President Donald Trump’s tax-and-spending bill, signed into law earlier this month, will provide greater clarity for CEOs of public companies in the future, according to long-time value investor Mario Gabelli, CEO of GAMCO Investors. Gabelli also expects more cross-border deals as a result of the legislation. Overall, the law makes stocks look more attractive on the whole, the investor said on CNBC’s ” Squawk on the Street ” Tuesday morning. Gabelli shared two specific names he’s bullish on: Textron and National Fuel Gas . “Both of them are extraordinarily interesting. Both of them [are] stocks that I’m buying daily, nibbling…
Customers line up at the check out booth on April 18, 2025 at a Costco branch in Niantic, Connecticut.Robert Nickelsberg | Getty ImagesThe annual inflation rate ticked higher in June, in line with expectations, as lower prices at the gasoline pump somewhat offset higher prices at the grocery store.Economists said they expect the full impact from the Trump administration’s tariff agenda to raise consumer prices more in the months ahead — but they said trade policies have already started to noticeably affect inflation.The consumer price index, a key inflation barometer, rose 2.7% in the 12 months through June, up from 2.4% in May, the Bureau…
Fund managers are becoming increasingly bullish on European equities, according to the latest iteration of Bank of America’s European Fund Manager Survey. European stocks have broadly enjoyed a significant rally this year, amid a diversification away from U.S. assets , the promise of massive fiscal stimulus in Germany , and a bull run in the region’s defense sector . Between July 4 and July 10, BoA polled 222 fund managers who collectively manage assets worth $504 billion. The findings, published Tuesday, showed that a net 81% of European investors see upside for European equities in the coming 12 months, with…
