Author: Daniel snow
Tesla is set to lose more than $80 billion in market valuation if current losses hold. Source link
White House trade advisor Peter Navarro chastised Apple CEO Tim Cook on Monday over the company’s response to pressure from the Trump administration to make more of its products outside of China.”Going back to the first Trump term, Tim Cook has continually asked for more time in order to move his factories out of China,” Navarro said in an interview on CNBC’s “Squawk on the Street.” “I mean it’s the longest-running soap opera in Silicon Valley.”CNBC has reached out to Apple for comment on Navarro’s criticism.President Donald Trump has in recent months ramped up demands for Apple to move production…
The new chief executive of Stellantis faces a mountain of problems, and it’s too early for investors to go bottom fishing in the Jeep and Ram truck maker, a new research note published Monday says. Source link
J.P. Morgan’s Tien-tsin Huang initiates coverage of bank services company with an overweight rating and a projected 25% stock-price gain over the next 12 months Source link
“If I predecease my husband, my will states that my son will receive half of this account.” Source link
Two young men stand inside a shopping mall in front of a large illuminated Apple logo seen through a window in Chongqing, China, on June 4, 2025.Cheng Xin | Getty ImagesApple on Monday appealed what it called an “unprecedented” 500 million euro ($586 million) fine issued by the European Union for violating the bloc’s Digital Markets Act.”As our appeal will show, the EC [European Commission] is mandating how we run our store and forcing business terms which are confusing for developers and bad for users,” the company said in a statement. “We implemented this to avoid punitive daily fines and…
CoreWeave founders Brian Venturo, at left in sweatshirt, and Mike Intrator slap five after ringing the opening bell at Nasdaq headquarters in New York on March 28, 2025.Michael M. Santiago | Getty Images News | Getty ImagesArtificial intelligence hyperscaler CoreWeave said Monday it will acquire Core Scientific, a leading data center infrastructure provider, in an all-stock deal valued at approximately $9 billion. Coreweave stock fell about 4% on Monday while Core Scientific stock plummeted about 20%. Shares of both companies rallied at the end of June after the Wall Street Journal reported that talks were underway for an acquisition.The deal…
An apology can be a crucial opportunity to spark positive change and build trust.That’s especially true for bosses and leaders, who sometimes have to make public statements acknowledging missteps or give internal apologies to their employees. Take Air India CEO Campbell Wilson, for example. In a June 12 video, shortly after an airplane crash that killed over 260 people, Wilson delivered remarks that drew hundreds of comments.Some called for his resignation, while others thanked Wilson for his effort. And some viewers noticed identical language in a public apology from American Airlines CEO Robert Isom, who released a statement after a…
Film directors Rian Johnson (L), Greta Gerwig (C), and Guillermo Del Toro (R)Getty ImagesNetflix isn’t interested in bringing movies to theaters.The company’s leaders have said they see theatrical movie releases as an “outdated” model. Yet for more than a decade, the streamer has lured in some of Hollywood’s biggest directors to make content exclusively for its platform.Martin Scorsese, Alfonso Cuarón, Bong Joon-ho, Spike Lee and Guillermo del Toro, darlings of the big screen, have all directed films for the streaming service without the promise of a wide theatrical release.More recently, Netflix has wooed Greta Gerwig into the director’s seat after acquiring…
An analyst downgrades Wells Fargo’s stock and upgrades U.S. Bancorp as regional banks gain favor after big runups by the largest banks. Source link