Author: Daniel snow

A U.S. trade court has ruled on President Trump’s new round of import tariffs — covering thousands of products from nearly every country — calling them “unlawful.” For now, though, while the administration pursues an appeal, those tariffs remain in place.In the meantime, business owners say they’re left guessing how much they’ll pay to import goods with trade rules that can change seemingly overnight.”The uncertainty surrounding tariffs is tough for our business, because we need to know what things are going to cost us three, six and 12 months down the road,” says Michael Brey, owner of Hobby Works, a Maryland-based retail chain.Where the…

Read More

No “sell in May and go away” this year. In fact, the stock market has powered higher this month despite new and confusing tariff headlines lurking around every corner. President Donald Trump ‘s latest trade drama emerged Friday morning when he accused China of violating the preliminary trade agreement reached with the United States on May 12. Around noon ET, Bloomberg reported the Trump Administration was planning to broaden restrictions on Chinese tech companies. Later in the afternoon, at an Oval Office event to thank Elon Musk for his government service, Trump said he would be open to talking to…

Read More

Meta’s expensive bet on virtual and augmented reality technology is making its way to the Pentagon. Investors who have been worried about when all that spending will pay off should feel a little bit better now. Meta announced Thursday that it is partnering with defense-technology company Anduril to create VR and AR devices such as headsets for the U.S. Army — and the news piqued our interest for a few reasons. For starters, the privately held Anduril was started by none other than Palmer Luckey, the founder of Oculus, which Meta acquired in 2014 for $2 billion to kickstart its…

Read More

Tesla CEO Elon Musk looks up as he listens to U.S. President Donald Trump speak to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesTesla CEO Elon Musk on Friday deflected a reporter’s attempt to ask at a White House event about a New York Times article detailing the mega-billionaire’s alleged drug use during President Donald Trump’s campaign last year and legal drama involving the mothers of his multiple children.Musk, who led Trump’s DOGE government cost-cutting initiative, began talking over Fox News reporter Peter Doocy as Doocy asked…

Read More