US President Donald Trump speaks during a the White House Crypto Summit in Washington, DC, March 7, 2025. Jim Watson | AFP | Getty ImagesWhite House AI czar David Sacks on Tuesday downplayed the risk that coveted American AI chips could be smuggled to bad actors, and expressed concern that regulating U.S. AI too tightly could stifle growth and cede the critical market to China.”We talk about these chips like they could be smuggled in the back of a briefcase. That’s not what they look like. These are server racks that are eight feet tall and weigh two tons,” Sacks said…
Author: usaeverydaylife
Traders work on the floor of the New York Stock Exchange on June 10, 2025. NYSE The U.S. stock market appears a little too optimistic. All three major indexes climbed Wednesday, with the S&P 500 and Nasdaq Composite enjoying their third consecutive session in the green. The S&P, in fact, is around 2% away from its all-time high, which it reached in February.That’s despite the shadow of U.S. President Donald Trump’s “reciprocal” tariffs still haunting the economy. As the 90-day tariff pause ticks down, America, so far, has just one deal, struck with the U.K., and an agreement with China…
CNBC’s Phil LeBeaus joins ‘Fast Money’ with breaking news on General Motors. Source link
Maremagnum | Corbis Documentary | Getty ImagesAsia-Pacific markets mostly climbed Wednesday as investors continue to track trade discussions between the U.S. and China, which U.S. Commerce Secretary Howard Lutnick described as being “productive.”The superpowers have reached an agreement on trade, representatives from both sides said.”We have reached a framework to implement the Geneva consensus and the call between the two presidents,” Lutnick told reporters. That echoed comments made to reporters by Li Chenggang, China’s international trade representative and a vice minister at China’s Commerce Ministry.The talks had continued for a second day in London on Tuesday. U.S. Treasury Secretary Scott Bessent…
U.S. President Donald Trump speaks to the media upon arrival at Joint Base Andrews following a visit to North Carolina, in Maryland, U.S., June 10, 2025. Evelyn Hockstein | ReutersA federal appeals court allowed President Donald Trump’s most sweeping tariffs to remain in effect on Tuesday while it reviews a lower court decision blocking them on grounds that Trump had exceeded his authority by imposing them.The decision by the U.S. Court of Appeals for the Federal Circuit in Washington, D.C. means Trump may continue to enforce, for now, his “Liberation Day” tariffs on imports from most U.S. trading partners, as…
The standoff between President Trump’s negotiating team and Iran boils down to this: whether the United States is willing to risk allowing Iran to continue producing nuclear fuel if the alternative is no deal and the possibility of another war in the Middle East.To Mr. Trump and his special envoy, Steve Witkoff, the negotiations with Iran are a new experience, and Iran’s insistence that it will never surrender its ability to enrich uranium on its soil threatens to scuttle an agreement that the president only a few weeks ago confidently predicted was within reach.But it is almost exactly the same…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailPatrick Moorhead, Moorhead Insights and Strategy CEO and chief analyst, joins ‘Closing Bell Overtime’ to talk chip stocks and if the sector can keep running. Source link
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul | Pool | Via ReutersTesla CEO Elon Musk said on Tuesday that his company’s robotaxi service is “tentatively” set to launch in Austin, Texas, on June 22. In a post on X, Musk indicated that he’s flying from Los Angeles to Austin for the kickoff, which he’d previously said would be sometime in June. When a commenter asked when public rides will start, Musk said the current plan is for June 22, and that the first…
Mark Zuckerberg arrives before the inauguration of Donald Trump as the 47th president of the United States takes place inside the Capitol Rotunda of the U.S. Capitol building in Washington, D.C., Monday, Jan. 20, 2025.Kenny Holston | Via ReutersMark Zuckerberg is so frustrated with Meta’s standing in artificial intelligence that he’s willing to spend billions of dollars to convince Scale AI CEO Alexandr Wang to join his company, people familiar with the matter told CNBC. Meta is finalizing a deal to invest $14 billion into Scale AI, according to a person familiar with the matter who asked not to be named…
U.S. Treasury Secretary Scott Bessent speaks with the media as he departs to return to the U.S., while trade talks between the U.S. and China continue, in London, Britain, June 10, 2025. Toby Melville | ReutersThe U.S. and China have reached consensus on trade, representatives from both sides said following a second day of high-level talks in London, according to an NBC transcript.”We have reached a framework to implement the Geneva consensus and the call between the two presidents,” U.S. Commerce Secretary Howard Lutnick said.That echoed comments from the Chinese side, shared via a translator.Lutnick said he and U.S. Trade…
