Tag Archives: Blow

GM to take $1.6 billion charge as tax credit blow muddies EV plans  Reuters Slowing Electric Vehicle Sales Will Cost G.M. $1.6 Billion  The New York Times GM to record $1B dent amid Trump’s EV scale-back  upi.com GM to take a $1.6 billion hit as tax incentives for EVs are cut and emission rules ease  ABC News – Breaking News, Latest News and Videos …

The bond market has taken the opposite bet, and the dollar has strengthened. By Wolf Richter for WOLF STREET. A hot theme widely banded about to pump up cryptos, gold, silver, and even stocks is the so-called “currency debasement trade.” The idea is that enough traders rally behind a common theme to move prices in their direction for long enough to make a …

Cars to Fighter Jets: China’s New Export Curbs May Level a Heavy Blow Worldwide  The New York Times China ‘not afraid of trade war,’ accuses U.S. of ‘double standard’ for rare earths retaliation  CNBC Trump wanted a trade deal. Xi opened a new front instead.  Politico What are rare earth minerals, and why are they central to Trump’s threats against China?  CNN China’s rare …

US safety regulators launched a probe into Tesla self-driving cars, affecting around 2.9 million vehicles, after reports emerged of vehicles running through red lights, veering into wrong lanes, and crashing in some instances. The National Highway Traffic Safety Administration (NHTSA) said in a filing that it is looking into 58 cases in which Teslas reportedly violated traffic safety laws while …

They had them down. They let them up. They squeezed them down to their last gasps. They backed off and gave them new life. In any ordinary five-game playoff series, a team leading two-games-to-none can lose a game and maintain a clear advantage. But the heavyweight happenings here between the Dodgers and Philadelphia Phillies is no ordinary series. And by …

After years of legal battles, Google’s long dispute with Fortnite creator Epic Games has reached a major turning point, and this time, it is not in Google’s favor. The conflict began in 2023 when a California jury found that Google was operating its Play Store as an unfair monopoly, limiting competition and charging developers excessive fees. US District Judge James …

Hedge-fund billionaire Paul Tudor Jones says stage is set for massive rally before bull market reaches ‘blow off’ top  MarketWatch Paul Tudor Jones says ingredients are in place for massive rally before a ‘blow off’ top to bull market  CNBC Paul Tudor Jones: ‘It feels like 1999’ as ingredients are in place for a dot-com bubble environment  Seeking Alpha Why Paul Tudor Jones …

Billionaire hedge fund manager Paul Tudor Jones believes the conditions are set for a powerful surge in stock prices before the bull market tops out. “My guess is that I think all the ingredients are in place for some kind of a blow off,” Jones said on CNBC’s “Squawk Box” Monday. “History rhymes a lot, so I would think some version of …

The outer bands of distant remnants of Hurricane Humberto lashed Bermuda on Tuesday ahead of a more direct pass from the newer and stronger Hurricane Imelda on the tiny British territory. Imelda had maximum sustained winds of 100 mph Wednesday and its center was expected to be near the island by evening, the U.S. National Hurricane Center in Miami said. …

News network CNN broke into its regular programming this morning to deliver a breaking news bulletin regarding Donald Trump‘s newest proposal, a 100 percent tariff on films produced outside the United States. The declaration, which Trump also promoted on Truth Social, was presented as an effort to safeguard American film production, but both entertainment industry experts and audiences voiced doubt …