Halfpoint Images | Moment | Getty ImagesPresident Donald Trump’s signature on his so-called “big beautiful bill” was a death blow for tax credits that lowered the cost of electric vehicles.Those tax credits — worth up to $7,500 and $4,000 for purchases of new and used EVs, respectively — won’t be available after Sept. 30. Another tax break that’s ending lets dealers pass along savings on EV leases.The credits were supposed to last for another seven years, through 2032.Analysts think the abrupt end to these federal subsidies will trigger a rush by consumers to buy or lease an EV in coming…
Author: usaeverydaylife
(This is The Best Stocks in the Market , brought to you by Josh Brown and Sean Russo of Ritholtz Wealth Management.) Josh here — When Lucid Motors began developing the Lucid Air luxury EV, they realized that speed to market would be important. This led to the obvious realization that in order to move quickly and efficiently, they would need to carry out a lot of simulation. Lucid turned to a company called Ansys (ANSS) for thermal management, battery safety, and aerodynamics simulations for its new vehicle, enabling faster prototyping and accelerating the time to market. Apple and Qualcomm…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Thursday’s key moments. 1. Wall Street was mixed Thursday, with the S & P 500 higher and the Nasdaq lower. Modest moves in the indexes again masked a rotation out of higher-multiple stocks into lower-multiple ones. It’s why Dover and DuPont , both lower-multiple Club stocks, were getting a look, and higher-multiple names like CrowdStrike and Broadcom were getting hit. We recently trimmed CrowdStrike and Broadcom after big gains. Cramer said that Thursday’s trading is why he wants…
Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China, on Jan. 7, 2020.Aly Song | ReutersTesla CEO Elon Musk said the company is expanding its robotaxi service area and bringing xAI’s Grok to vehicles as it rolled out a new iteration of the artificial intelligence chatbot.Shares gained about 3%.Musk said on X that Grok, his AI chatbot that praised Adolf Hitler and posted a barrage of antisemitic comments recently, will be available in Tesla vehicles “next week at the latest.”xAI officially launched the Grok 4 update overnight as the company continued to…
Cranes unload the cargo of Panamanian flagged bulk carrier Star Taishan at the Port of Rio Grande, southern Brazil, on May 6, 2025. Silvio Avila | AFP | Getty Images Just this morning Singapore time, U.S. President Donald Trump said that the 50% tariff on copper imports, which he announced earlier on Tuesday, will begin on Aug. 1.On Wednesday, Trump posted a fresh slate of tariff letters on goods from at least seven more countries, including Mexico, the no. 1 importer of goods to the U.S., Philippines, Brunei and Sri Lanka. But the president took a few steps further with Brazil…
The health care sector, as represented by the Health Care Select Sector SPDR ETF (XLV) , has significantly underperformed the S & P 500 over the past several years, trailing by 58% from the pre-pandemic February 2020 highs through the beginning of this week. It has also underperformed by 23.7% since the recent “liberation day” tariff-induced lows on April 8. This underperformance is the widest margin in decades over a similar period. The results of this weakness are that health care stocks are trading at a substantial discount, with the sector’s 2025 forward price-to-earnings (P/E) ratio at 14 compared to…
The adoption of artificial intelligence tools is increasing at a rapid pace but remains far from ubiquity, providing more fuel for the AI trade to keep rallying. A string of recent data shows that businesses and consumers in the U.S. are increasingly using generative AI to help complete more tasks and address inquiries more quickly and efficiently. That bodes well for investors who own stocks across the AI trade — ranging from chipmakers to data center suppliers to companies that help electricity get made — because it suggests the hype on Wall Street is backed up by real-world embrace of…
Starbucks’ investors were excited for a brief moment after CNBC reported that the coffee giant received offers valuing its China operations at up to $10 billion, sending its Nasdaq-listed shares over 3% higher briefly before paring back gains. Starbucks China has attracted offers for a potential stake sale, valuing the coffee chain at between $5 billion and $10 billion, according to sources, and the bidding is likely to settle toward the higher end of that range. Following the report, Starbucks shares jumped over 3% at open to an intra-day high of $97.89, levels not seen in over three months, before…
McDonald’s stock has plenty of upside despite concerning signs about the fast food industry broadly, according to Goldman Sachs. Analyst Christine Cho upgraded the restaurant stock to buy from neutral, saying in a note to clients that McDonald’s is better positioned than its rivals to win over customers who are feeling strain in their wallets. “We believe MCD ultimately has the scale/marketing/digital advantage to successfully navigate through this environment. Management has firmly committed to market share gains through product and marketing innovation (including return of snack wraps, addition of daily double burger to the McValue platform in the US), and…
My top 10 things to watch Thursday, July 10 1. Stock futures were little changed as President Donald Trump ramped up the tariffs pressure. The Pentagon, meanwhile, will become the largest shareholder in American rare earth miner MP Materials , via a $400 million investment in preferred stock. Shares surged more than 60% this morning. The deal is aimed at reducing U.S. dependence on China for rare earths, which are key to manufacturing electronics, automobiles, and defense systems. 2. The Nasdaq hit a record high yesterday, with Nvidia topping a $4 trillion stock market value. The Club stock closed just…
