The spat between U.S. President Donald Trump and Elon Musk, the world’s richest person, entered new territory on Thursday — with Tesla getting caught up in the fallout. What began with Musk publicly slamming Trump’s spending bill has evolved into a full-blown row between the two, with the president threatening to withdraw billions of dollars’ worth of government contracts for Musk’s companies. Musk, meanwhile, claimed Trump would never have won a second term in office without his input in the campaign, and said SpaceX would immediately decommission its Dragon spacecraft due to Trump’s threats to cut funding. As the pair…
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Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more.Loyal United Airlines and JetBlue flyers have a lot to look forward to with the two carriers’ recently announced “Blue Sky” partnership.The new alliance will give United MileagePlus and JetBlue TrueBlue members reciprocal perks when flying — they’ll be able to earn and redeem miles on either airline, enjoy status benefits onboard both and buy flights from either carrier’s website.United Airlines, whose major Northeast hub is at Newark Liberty International Airport, will also have space at New York City’s John F. Kennedy International Airport (JFK) as early as 2027.While not…
Working late, office buildings, Financial District, London.Travelpix Ltd | Stone | Getty ImagesBERLIN — Private equity’s biggest annual gathering is called SuperReturn, but its returns haven’t been looking quite so super of late — leading the industry to urge investors to ride out the uncertainty.At this year’s conference in Berlin, Germany there was a clear acceptance that a previously forecast 2025 boom in M&A and initial public offering activity has not materialized. And that is putting private equity — which ballooned following the Great Financial Crisis as an alternative funding source to risk-averse banks, now rivaling many of them for…
On May 20th, a flight with eight deportees left Texas headed to South Sudan, a country on the brink of civil war. But mid-flight, a judicial battle began to unfold that forced the flight to land in Djibouti. Katrin Bennhold, speaks with Hamed Aleaziz, New York Times reporter covering Homeland Security and Immigration, to understand what’s going on and how it fits into President Trump’s larger immigration plan. Source link
CNBC’s Jim Cramer suggested it’s helpful to consider stocks sitting at new 52-week highs to better understand market trends and themes. He picked out several companies that have recently made the “new high” list which he thinks are indicative of the mood on Wall Street.”You can learn a lot about a market from looking at the stocks that make it to the 52-week high list,” he said. “It’s a rarefied group by nature, and it speaks loudly about what works and, of course, what doesn’t.”Cramer was not surprised there aren’t many major tech names that have reached new highs recently.…
A Swedish national flag hanging from a shop in Gamla Stan in Stockholm, Sweden, on Thursday, Aug. 18, 2022.Bloomberg | Bloomberg | Getty ImagesSweden’s economy and households are feeling the heat from U.S. trade tariffs, the Scandinavian country’s finance minister told CNBC — before the full force of the levies has even come into play.”Our economy and the public finance are very solid. We have a low debt and we can cope with quite a lot. But eight of 10 Swedes save or invest their money in funds, stock markets and so on. So when … the market has gone…
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019.Aly Song | ReutersBEIJING — A high-stakes call between the U.S. and Chinese presidents on Thursday has yet to resolve a global shortage of rare earth exports that businesses say could halt production of cars and other industrial parts this summer.Rare earths, along with a broader group of critical minerals, are used in weapons, cars and other high-tech products. China has come to dominate the mining and production of those metals, and over the last two years…
Mayor of London Sadiq Khan hopes to convince U.S. tech firms to invest more in London.Leon Neal | Getty Images”London is back,” the capital’s Mayor Sadiq Khan told CNBC on Wednesday, laying out his ambition to attract investors, visitors and students who are looking for an alternative to the U.S amid an uncertain Trump 2.0 era.”At a time of growing international instability, at a time when there are, let’s be frank, choppy political waters in the U.S., we’re that rare thing — somewhere that’s stable, that’s open, that’s diverse. A brilliant environment for innovation, creativity and business,” the mayor of…
U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | ReutersJuly 2024Musk publicly endorses Trump following an assassination attempt at a campaign rally in Butler, Pennsylvania.Musk posts on social media platform X: “I fully endorse President Trump and hope for his rapid recovery.”August–October 2024In August, Musk held a conversation with Trump on X. The glitchy livestream got off to an inauspicious start, with technical difficulties delaying the event for almost an hour.Trump and Musk congratulated each other in a wide-ranging chat,…
U.S. President Donald Trump and Elon Musk attend a press event in the Oval Office of the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Developments from the White House are growing more exciting and unpredictable than those 1,000-episode Asian drama serials.On Thursday, “So much for being Mr. NICE GUY” Donald Trump reverted to being a nice guy and had a “very good call,” in his words, with Chinese president Xi Jinping over trade issues. Following the call, Trump said that officials from both countries will meet to negotiate further. Trump had previously described the…
