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Tesla shares plunged 14% on Thursday amid an intensifying spat between CEO Elon Musk and President Donald Trump. Monitor these major chart levels...
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Asian shares were subdued on Friday as investors hunkered down for the all-important payrolls report, while Tesla suffered huge losses on the very public feud between President Donald Trump and billionaire Elon Musk. A run of soft economic data this week has markets wary of a downside surprise in the monthly payrolls print due later in the day, which would add to fears of stagflation while piling pressure on the Federal Reserve to ease policy in a hurry. Tesla shares bounced 0.8% in after-hours trading after tumbling a whopping 14% overnight to wipe off $150 billion in market value...
Continue Reading(Bloomberg) -- Elon Musk signaled he would move to cool tensions with US President Donald Trump, after differences between the two exploded Thursday into an all-out public feud. Most Read from BloombergNext Stop: Rancho Cucamonga!ICE Moves to DNA-Test Families Targeted for Deportation with New ContractWhere Public Transit Systems Are Bouncing Back Around the WorldUS Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents WarnThe Global Struggle to Build Safer CarsEarlier in the day, Musk c...
Continue ReadingBroadcom should see more upside in the ASIC and networking businesses. Click here to see why AVGO stock is a Buy...
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(Bloomberg) -- Minute by minute, post by post, Elon Musk’s very public, extremely online feud with President Donald Trump sliced into his vaunted status as the world’s richest person.Most Read from BloombergNext Stop: Rancho Cucamonga!ICE Moves to DNA-Test Families Targeted for Deportation with New ContractWhere Public Transit Systems Are Bouncing Back Around the WorldUS Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents WarnThe Global Struggle to Build Safer CarsThe final damage at d...
Continue ReadingThe Mairs & Power Growth Fund was down 4.69% in the first quarter of 2025, slightly underperforming the Fundâs peer group. Read more here...
Continue ReadingAmazon announced the launch of the Amazon Web Services (AWS) Asia Pacific (Taipei) Region on Thursday, along with plans to invest more than $5 billion to support the construction, connection, operation, and maintenance of its data centers in Taiwan...
Continue ReadingSEATTLE, June 06, 2025--Amazon (NASDAQ: AMZN) today announced the launch of the AWS Asia Pacific (Taipei) Region. The new AWS Region will give developers, startups, entrepreneurs, and enterprises, as well as education, entertainment, financial services, healthcare, manufacturing, and nonprofit organizations, greater choice for running their applications and serving end users from AWS data centers located in Taiwan, ensuring that customers who want to keep their content onshore can do so. As part...
Continue ReadingSAN FRANCISCO (Reuters) -Amazon has cut jobs in its books division, including at its Goodreads review site and Kindle units, the company said on Thursday. The Seattle-based retailer said that fewer than 100 workers were impacted and the move was meant to improve efficiency and streamline operations. "As part of our ongoing work to make our teams and programs operate more efficiently, and to better align with our business roadmap, we’ve made the difficult decision to eliminate a small number of roles within the Books organization," an Amazon spokesperson said in a statement...
Continue ReadingWASHINGTON—Long-simmering tensions between President Trump and Elon Musk burst into the open on Thursday, as the two men traded barbs and insults, signaling the rupturing of a relationship that had been one of the most consequential in modern American politics. Trump, publicly addressing Musk’s latest attacks on his signature tax bill for the first time, said he was disappointed in his former White House adviser and suggested the Tesla CEO was suffering from “Trump derangement syndrome.” Musk, who spent hundreds of millions of dollars to help get Trump re-elected, shot back in real time on social media that Trump was ungrateful and wouldn’t be sitting in the Oval Office without his support...
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