Author: Daniel snow

Andrew Cuomo runs for New York mayor against Mamdani

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Former New York governor and New York City mayoral candidate Andrew Cuomo speaks during his primary election night rally in New York City, U.S., June 24, 2025. Kylie Cooper | ReutersAndrew Cuomo launched an independent bid to become mayor of New York City on Monday, setting up a rematch in November with frontrunner Zohran Mamdani, the Democratic nominee.Cuomo promised an overhaul of his failed primary campaign against Mamdani, a 33-year-old state assemblyman and self-described democratic socialist. But he also vowed to drop out of the race in September if another candidate looked to have a better shot at defeating Mamdani.”Unless…

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San Francisco rolls out Microsoft’s Copilot AI for 30,000 city workers

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San Francisco Mayor Daniel Lurie announced Monday that generative artificial intelligence will be available to 30,000 workers across the city’s government, leaning into the city’s role as a leader in AI.The city will use Microsoft 365 Copilot Chat, powered by OpenAI’s GPT-4o, for employees like nurses and social workers to improve city services. “It’s going to allow us to use LLMs and produce faster response times,” Lurie said.Lurie’s administration said the move will make San Francisco one of the world’s largest local governments to leverage AI.City hall said Copilot will be made across its departments to tackle administrative work like…

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Elon Musk looms over jury selection in Tesla Autopilot fatality trial

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Elon Musk speaks during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025.Nathan Howard | ReutersTesla CEO Elon Musk was not in a Miami courtroom Monday, but his name loomed large as a jury was selected for the federal trial of a civil lawsuit over the 2019 crash of a Tesla Model S that killed a pedestrian and left another badly injured when the car was in Autopilot mode.”Anything that involves Elon Musk is very hard for me,” one potential juror said.Another would-be juror said she could not…

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Port of LA sees record freight in trade war whipsaw to beat tariffs

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Allen J. Schaben | Los Angeles Times | Getty ImagesThe Port of Los Angeles reported its best June ever for shipping container traffic, an increase in ocean freight that port executives described as a tariff whipsaw effect, with shippers racing to beat President Trump’s trade taxes, especially a mid-August deadline for tariffs on Chinese goods.A total of 892,340 twenty-foot equivalent units (TEUs) were processed at the Port of Los Angeles in June, containers that were filled with holiday season and consumer replenishment products. The increase in containers was not a surprise after President Trump lowered the 145% tariff on Chinese…

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Inflation report Tuesday should give clues on price effect from tariffs

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Groceries are seen at a Walmart supermarket in Houston, Texas, on May 15, 2025. Ronaldo Schemidt | AFP | Getty ImagesJune’s inflation report will be looked at not so much for what the headline numbers show than what’s in the underlying data, especially whether tariffs are starting to have an impact.The consumer price index, due Tuesday at 8:30 a.m. ET, is expected to show an uptick in both headline and core readings, with the latter still well above the Federal Reserve’s target.But what will really matter is the extent to which President Donald Trump’s tariffs are hitting prices and potentially…

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Cramer makes the case for why Apple and investors should stick with CEO Tim Cook

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Jim Cramer says he’s still backing Apple ‘s Tim Cook despite calls for the CEO to resign. “I really believe in Tim,” Jim said at Friday’s annual meeting of the CNBC Investing Club from the New York Stock Exchange. “He’s made us a lot of money. He gets the benefit of the doubt.” Responding to a question from a member who asked whether the Club would consider trimming the stock if Apple cannot turn things around, Jim also addressed the Street’s list of concerns about the tech giant, including last Tuesday’s announcement that COO Jeff Williams, 62, will retire later…

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