Shares of Nvidia, Apple, and Tesla fall sharply Thursday after each stock soared double-digits Wednesday following President Donald Trump’s move to pause most reciprocal tariffs for 90 days. U.S. Steel, meanwhile, slumps after Trump says he wants the steel maker to remain an American company...
Continue ReadingElon Musk called him “dumber than bricks” and “truly a moron,” but Peter Navarro says there’s no hard feelings. “Elon and I are fine,” Navarro said in a CNN interview. “It’s no problem.” Musk, the CEO of electric car company Tesla, posted his insults on X earlier this week after Navarro said on TV that Musk is a “car assembler” and that the component parts of Musk’s vehicles are made overseas...
Continue ReadingTesla launched operations in Saudi Arabia on Thursday, a sign that Chief Executive Elon Musk has patched up relations with the kingdom and that the oil capital was moving forward with an ambitious electric-vehicle policy. A Tesla Cybertruck and a redesigned Model Y sedan dominated a plaza dotted with palm trees, as the EV maker officially opened for business. A small crowd tried out the vehicles as a massive outdoor video screen showed a Cybertruck plowing through a dusky desert, leaving behind plumes of sand...
Continue ReadingShares of Apple (NASDAQ: AAPL) are heading lower in Thursday's trading. The stock market skyrocketed yesterday after President Donald Trump announced a 90-day lifting of reciprocal tariffs on all countries except China, but valuations are heading lower today after new information emerged. While Trump announced yesterday that an import tax rate of 125% would be applied to Chinese goods, it turns out the tariff rate is now 145%...
Continue ReadingBYD held a 29.3% market share in China's NEV market in March, maintaining the top position...
Continue ReadingThe stock market sold off on Thursday as uncertainty around President Trump's tariffs once again took center stage...
Continue ReadingU.S. parcel volumes hit a record in 2024, but new competitors like Amazon, Walmart and OnTrac are eroding the market share of FedEx and UPS, a new report says. The post FedEx, UPS lose parcel market share to big retailers, smaller couriers appeared first on FreightWaves...
Continue ReadingShares of electric vehicle pioneer Tesla (NASDAQ:TSLA) fell 10.7% in the afternoon session after Wall Street sentiment toward the company turned more bearish, with several analysts cutting their forecasts and price targets. UBS analyst Joseph Spak issued the most bearish outlook, slashing his price target to $190, implying a potential 30% downside. Spak warned that while lower 2025 earnings expectations were becoming consensus, the broader earnings trajectory for Tesla still appeared overly opti...
Continue ReadingTech stocks tumbled late Thursday afternoon with the Technology Select Sector SPDR Fund (XLK) fallin...
Continue ReadingAmazon CEO Andy Jassy outlined his goal to make the company work more like a startup in his annual letter to shareholders. Bloomberg's Tom Giles joins Caroline Hyde and Ed Ludlow to discuss on "Bloomberg Technology."...
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