As Elon Musk’s public feud with President Donald Trump continues to unfold, a handful of stocks are emerging as possible beneficiaries if the billionaire CEO’s various companies suffer from the stunning blow-up. The high-profile crash between the world’s richest man and the president of the United States has raised concerns about the impact on Musk’s businesses, including the potential loss of tax credits and government contracts. In addition to leading the electric-vehicle maker Tesla , Musk’s businesses include the space exploration and satellite-communication company SpaceX , artificial-intelligence company xAI , tunnel-digger The Boring Company , tech firm Neuralink and the social media site…
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Cargo shipping containers are loaded with cranes on container ships at the Burchardkai container terminal at the harbour of Hamburg, northern Germany, on June 3, 2025.Fabian Bimmer | Afp | Getty ImagesThe World Bank sharply cut its global economic growth projections Tuesday, citing disruption from trade uncertainty in particular.It now expects the global economy to expand by 2.3% in 2025, down from an earlier forecast of 2.7%.”This would mark the slowest rate of global growth since 2008, aside from outright global recessions,” the Bank said in its Global Economic Prospects report.Trade uncertainty, especially, has weighed on the outlook, the World…
Boeing 737 aircraft fuselages are pictured at the company’s Renton factory in Renton, Washington, on April 15, 2025. Jason Redmond | AFP | Getty ImagesBoeing’s gross orders for new airplanes hit 303 last month, the most since December 2023, as the company makes strides against its rival Airbus and works to stabilize production of its bestselling jets near the Federal Aviation Administration limit.The manufacturer handed over 45 aircraft in May, in line with the month before but higher than the 24 it delivered a year earlier.This year through May, Boeing delivered 220 airplanes to customers, while Airbus delivered 243 planes.…
Alexandr Wang, CEO of Scale AI, arrives for a meeting with international investors in IA at the Elysee Palace as part of the Artificial Intelligence (AI) Action Summit in Paris, France, Feb. 10, 2025. Gonzalo Fuentes | ReutersMeta is forming a new artificial intelligence research lab and bringing on Alexandr Wang, the founder and CEO of the startup Scale AI, according to The New York Times.The research lab is going to pursue a concept known as “superintelligence,” which is an AI system that surpasses human intelligence, The New York Times reported Tuesday. Meta is also in advanced talks to invest more…
The potential issuance of more than $1 trillion in new government debt could make commodities a smarter defensive plays than bonds, according to “The Bear Traps Report” founder Larry McDonald. McDonald estimated that in the six months from September 1 through about February the U.S. is looking at about $1.5 trillion of new debt issuance from government. That would amount to about $600 billion more than last year, McDonald said, and the issue could be exacerbated by any delay in the tax-and-spending bill that recently passed the House of Representatives. The idea is that the large new issuances of bonds,…
The dominant theme this year has been tariffs, and the elephant in the room remains China. With trade talks resuming in London this week, there’s renewed hope for some progress. That said, China is known to be a tough negotiator, and we’ve seen talks fall apart before. The uncertainty around the outcome turns this into a binary event—one headline could send markets tumbling in a single day. That brings me to the importance of trade management. When you have a clear exit plan, opening new trades becomes much easier and objective. For this setup, my exit strategy is very aggressive,…
Jaque Silva | Nurphoto | Getty ImagesChatGPT was down Tuesday for some users on Tuesday, with more than 1,500 outage reports on Downdetector, a site that logs user reports of internet issues.The artificial intelligence chatbot gave some users a “Too many concurrent requests” message, or would not answer questions.CNBC has reached out to OpenAI for more information on ChatGPT’s functionality.OpenAI announced Monday that it reached $10 billion in annual recurring revenue (ARR). Last year, the company had around $5.5 billion in ARR but reported a loss of about $5 billion.ChatGPT rolled out an update to Advanced Voice for paid users on…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Investors are looking for opportunities in defense stocks. They also search for opportunities in China, as trade talks with the U.S. continue. Worldwide Exchange pick: RTX Kevin Mahn of Hennion & Walsh Asset Management said RTX is his top pick in the aerospace and defense sector. “Last year we saw nearly a10% increase to defense spending across the globe, to $2.7 trillion the largest annual increase since the Cold War,” Mahn said. “RTX…
The stars may be aligning for a move higher in artificial intelligence-related stocks. Bank of America highlighted four events over the next seven-to-10 days that could serve as catalysts for the group. These are: Nvidia ‘s GTC confercence in Paris (Tuesday-Thursday) AMD ‘s “Advancing AI 2025” event on Thursday Marvell Technology ‘s June 17 webinar “on future of custom silicon” Bank of America’s “Techtalks expert call on the evolving AI Networking landscape” Analyst Vivek Arya expects Nvidia to discuss “commitments for multi-year AI factory projects” at its Paris tradeshow. “Recall earlier this year the European Union (EU) launched its Invest…
Tourists and locals enjoy a warm spring day with high temperatures in El Postiguet Beach.Marcos Del Mazo | Lightrocket | Getty ImagesU.S. tourists seem to be cutting back on summer trips to Europe — but Chinese travelers are more than making up for it, a study found.Data from the European Travel Commission (ETC) published Tuesday showed that just 33% of U.S. survey respondents were planning to visit Europe this summer, some 7% below the levels of last year.The decline appears to largely relate to funding, with 54% of those polled citing high travel costs as a barrier.But political concerns, including…
