Tesla job cuts heighten Wall Street concerns that EV maker faces a demand problem
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In About-Face, Wall Street’s Big Donors Warm to Trump
They may “hate the man,” as one put it, but major business players from coast to coast are increasingly on board for a second term after the first one alienated them.The New York Times - Business - Donald Trump -
Biden Warns Mexico Against Letting Chinese EV Makers Set Up Shop There
The administration's aggressive moves against cheap Chinese imports addresses a possible loophole that could be used to evade new high tariffs.Inc. - Business - Joe Biden -
At Robin Hood Gala, Wall Street’s Heavy Hitters Come Out
The Robin Hood Foundation, an antipoverty organization in New York City, threw a “Matrix”-inspired gala.The New York Times - Lifestyle -
Concerns grow for Chinese citizen journalist after supposed jail release
Zhang Zhan, jailed for reporting on Covid in Wuhan, has made no contact with outside world. Concerns are growing about the wellbeing of one of China’s most prominent citizen journalists who has failed to make contact with the outside world after ...The Guardian - World -
China's Nio unveils Tesla Model Y rival
Nio's new brand Onvo has launched its challenger to the world's best-selling electric vehicle.BBC News - Top stories - China -
EU faces pressure on Green Deal as elections loom
As business groups fret about competitiveness, the bloc’s climate rules have become a political battlegroundFinancial Times - World - European Union -
Siemens Cuts Digital Industries Outlook on China Weakness
Siemens cut fiscal 2024 guidance for its closely watched digital industries unit, citing a slower-than-expected recovery in its China automation operations, but raised its forecast for the smart infrastructure division.The Wall Street Journal - World - China -
Inside China's EV Takeover
Chinese carmakers are ramping up electric-vehicle production, posing a challenge to U.S. automakers. WSJ’s Yoko Kubota traveled to the city of Hangzhou to see the impact of China’s EV boomThe Wall Street Journal - World - China -
Here's an Inside Look at the Mass Firings at Tesla's Supercharger Unit
When CEO Elon Musk met with charging chief Rebecca Tinucci two weeks after an initial round of layoffs, it couldn't have gone worse.Inc. - Business -
England’s universities face ‘closure’ risk after student numbers dive
Report from Office for Students warns ‘significant changes’ needed to ‘funding model’Financial Times - Business -
North Carolina could ban face masks for medical reasons in public
The North Carolina state Senate voted along party lines Wednesday to ban anyone from wearing masks in public, even for health reasons. Republican supporters of the ban said it would help law enforcement crack down on protesters who wear masks. ...The Hill - Politics -
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USD/SGD Falls, Dragged by Fed Rate-Cut Bets
USD/SGD fell during the Asian session, dragged by bets for Fed rate cuts.The Wall Street Journal - World - Federal Reserve -
Gold Edges Higher, Supported by Fed Rate-Cut Bets
Gold edged higher in the early Asian session, supported by bets for Fed rate cuts which would enhance the appeal of the non-interest-bearing precious metal.The Wall Street Journal - World - Federal Reserve -
Microsoft’s emissions jump almost 30% as it races to meet AI demand
Increase from 2020 to 2023 highlights challenges of meeting climate goals while investing in infrastructureFinancial Times - Business -
Cisco’s stock rises as demand stabilizes and revenue outlook impresses
“Customers are consuming the equipment shipped over the last few quarters in line with our expectations,” Cisco’s CFO said.MarketWatch - Business -
Tesla's Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's Model Y.CNBC - Business -
It will be even more expensive to borrow money for college this year—3 tips to cut down costs
Students taking out federal loans to pay for undergraduate college degrees will see a fixed interest rate of 6.53%. Use these tips to minimize your costs.CNBC - Business -
Eurostar plans up to 50 new trains and more services to tap ‘huge’ demand
Operator wants to open new routes from London and increase fleet by a thirdFinancial Times - Business -
Israel war cabinet split looms as defence minister demands post-war Gaza plan
Yoav Gallant, who Benjamin Netanyahu tried to fire in 2023, says he will not allow Israeli rule of Gaza. A long-festering split at the heart of Israel’s war cabinet has burst into the open with the defence minister, Yoav Gallant, challenging the ...The Guardian - World - Israel -
New Kansas abortion clinic will open to help meet demand from restrictive neighboring states
A new abortion clinic is going to open in southeast Kansas this fall, bolstering the state’s role as a regional hub for reproductive health services since the U.S. Supreme Court’s decision to overturn Roe v. WadeABC News - Health - Abortion -
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Rory McIlroy dealing with another distraction on eve of PGA Championship
Rory McIlroy has all the momentum he could want heading into the PGA Championship as he tries to end a drought in the majors that has lasted a decadeABC News - Sports -
Biden announces new tariffs on Chinese EVs, semiconductors, solar cells and more
The Biden administration is dramatically increasing tariffs on items including Chinese EVs to solar cells, batteries, steel and more.CBS News - Politics - Joe Biden -
Neuralink Wires Have Been a Problem for Years, Sources Say
Reports that the tiny wires implanted in the first human test subject had been pulled out of position lay bare a longstanding issue at the company. When the wires retract, they can't decode brain signals.Inc. - Business -
Libor convictions reviewed by UK fraud agency in wake of disclosure problems
SFO to re-examine cases including former UBS and Citigroup trader Tom HayesFinancial Times - Business - United Kingdom -
Lego's New Milky Way Galaxy Wall Art Set Looks Incredibly Cool
While most of us will never get to experience the majesty of space--unless you've got an absurd amount of cash gathering dust in your bank account--you can bring some of that magic to your home. Magic that you can spend an afternoon building with ...GameSpot - Tech -
Biden's EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.
Automotive and trade experts say the increased tariffs are a near-term protectionism act that may delay but not stop Chinese EVs from coming to the U.S.CNBC - Business - Joe Biden -
A China-U.S. EV Trade War Could Put Brakes on Biden's Clean-Car Agenda
The cost of batteries will rise as the administration tries to keep finished, heavily subsidized Chinese vehicles out of the U.S., driving domestic EVs to unaffordable price points.Inc. - Business - Joe Biden -
Can Weighted Blankets, Eye Masks and Pillows Zap Stress---and Solve Sleep Problems?
It’s not just weighted blankets anymore. Companies are hawking weighted robes, pillows and even stuffed animals.The Wall Street Journal - Tech