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Things could get worse before they get better, at least according to Tesla’s CEO, Elon Musk. Tesla’s second-quarter earnings showed its steepest year-over-year revenue decline in at least a decade, below already grim Wall Street estimates. After the earnings call, Tesla shares were down more than 4% in after-hours trading. Here are the five biggest takeaways from Tesla’s call and …

Trade Deal Could Give Japanese Cars a Leg Up in U.S. Market  The New York Times Trump announces ‘massive’ trade agreement with Japan  CNN Asian Shares Rise on Hopes for More Trade Deals: Markets Wrap  Bloomberg.com Japan trade deal sparks hope for US investors, frustration for automakers  Reuters European stocks set to open higher on optimism that U.S.-EU trade deal is imminent  CNBC Source link

Trump to visit Fed on Thursday, ramping up pressure on Powell  Reuters Trump to visit Federal Reserve, escalating campaign against Chair Powell  CNBC Fed Chair Jerome Powell hit with criminal referral by House GOP Trump ally  Fox News Top Trump official slated to inspect Fed’s $2.5B renovation amid cost scrutiny  Fox Business President Trump indicates he’ll let Fed Chair Jerome Powell serve out his …

Tesla CEO Elon Musk just confessed that he thinks his 13% ownership stake in the electric vehicle manufacturer leaves him vulnerable to activist shareholders who could move to oust him from the $1 trillion company. Still, he admitted he shouldn’t have so much control over Tesla that the board can’t fire him if he goes “crazy,” he said during an …

Topline Skydance Media plans to conduct a comprehensive review of CBS News if its merger with Paramount Global goes through, the company said in FCC filings Wednesday, which would include adding an ombudsman to “evaluate any complaints of bias” and end diversity, equity and inclusion programs. Skydance CEO David Ellison appears at a premiere in May 2025. AFP via Getty …

Microsoft says some SharePoint server hackers now using ransomware  Reuters Disrupting active exploitation of on-premises SharePoint vulnerabilities  Microsoft Chinese Hackers Are Exploiting Flaws in Widely Used Software, Microsoft Says  The New York Times DHS impacted in hack of Microsoft SharePoint products, people familiar say  Nextgov/FCW Nuclear Weapons Agency Breached in Microsoft SharePoint Hack  Bloomberg.com Source link

Texas Instruments’ strong Q2 partially related to tariff pull-ins: analysts (TXN:NASDAQ)  Seeking Alpha Texas Instruments’ stock falls on weak forecast  CNBC Texas Instruments Reports Earnings. The Stock Is Falling.  Barron’s Texas Instruments Profit, Sales Up in Second Quarter  The Wall Street Journal Texas Instruments shares sink as tariff risks cloud chip demand outlook  Reuters Source link

Asian Shares Rise on Hopes for More Trade Deals: Markets Wrap  BloombergView Full Coverage on Google News Source link

U.S. Federal Reserve Chair Jerome Powell and U.S. President Donald Trump. Elizabeth Frantz | Nathan Howard | Reuters U.S. President Donald Trump will visit the Federal Reserve on Thursday, the White House said, escalating his pressure campaign against Chairman Jerome Powell. This is the first time in nearly two decades that an American president has made an official trip to …

Hurray, the OBBBA’s Best Stuff Before we get to the list, let’s establish a few basic principles for today’s grading. First, and most obviously, the U.S. government’s fiscal situation is very bad, getting worse, and driven mainly by unsustainable entitlement programs that grow faster than the economy and inflation, regardless of available revenues. The result is ever-increasing deficits that are …