… re bullish note, writing that “many investors consider it inevitable that Musk will move to combine SpaceX with Tesla — for them the question is not if but when.” SpaceX President and Chief Operating Officer Gwynne Shotwell has also acknowledged potential benefits, telling CNBC …
… r forced technology transfer and intellectual property issues as well as energy subsidies but gave no other details. “We’re taking a very close look at how China is propagating its AI development to make sure that our companies compete … on a level playing field,” Greer told CNBC …
… Netanyahu, for his part, has sought to downplay any rift with the Trump administration. “Sometimes we have, as in the best of families, you have these tactical disagreements,” he told CNBC last week. …
… on last September in order to restrict the program, arguing that its misuse has undermined American economic and national security through the “large-scale replacement of American workers.” Prior to the change, H-1B visa fees had ranged from $2,000 to $5,000 per application, CNBC …
… Netanyahu laughed off any suggestion of tensions with his American ally. “Sometimes we have, as in the best of families, you have these tactical disagreements,” he told CNBC in an interview on Wednesday. …
… Following the launch of the Luce, Lamborghini boss Stephan Winkelmann said his company’s focus on hybrid cars over all-electric models was “the right way to go”. “Every brand, every company has to decide for themselves,” Winkelmann told business news channel CNBC. …
… In an interview with CNBC, Walmart finance boss John David Rainey said the rising cost of living had so far been offset by higher tax returns resulting from tax cuts in President Donald Trump’s One Big Beautiful Bill Act (OBBBA). …
Tesla CEO Elon Musk declined to dismiss a potential merger between Tesla and SpaceX on the company's earnings call, citing growing overlap between the firms and noting that any such combination would require appropriate processes. Tesla already supplies batteries and manufacturing technologies to SpaceX projects, and the companies are jointly developing Terafab, a semiconductor manufacturing facility.
Tesla CEO Elon Musk declined to dismiss a potential merger between Tesla and SpaceX on the company's earnings call, citing growing overlap between the firms and noting that any such combination would require appropriate processes. Tesla already supplies batteries and manufacturing technologies to SpaceX projects, and the companies are jointly developing Terafab, a semiconductor manufacturing facility.
The United States and China will hold talks over artificial intelligence in September to address risks from each other's increasingly powerful frontier models, five sources told Reuters. The talks, an outcome of the Trump-Xi summit in May, are expected to take place before Chinese President Xi Jinping's planned September 24 visit to the U.S., and will likely be led by U.S. Treasury Secretary Scott Bessent.
The International Energy Agency forecasts a significant downturn in global oil demand for 2026, the first annual decline since the 2020 pandemic, citing Middle East conflict and the closure of the Strait of Hormuz as primary drivers of disrupted production and export routes.
SpaceX raised a record $75 billion in its initial public offering on Thursday. Following the share sale, Elon Musk's net worth surpassed $1 trillion, making him the world's first trillionaire.
US Vice-President JD Vance said Israeli Prime Minister Benjamin Netanyahu "has certainly gotten some things wrong," citing misalignment between Israeli and American interests, as tensions have emerged between the two allies over recent weeks regarding military action in Lebanon and Iran policy.
OpenAI has filed confidentially with the US Securities and Exchange Commission to pursue a future initial public offering, following rival AI company Anthropic's announcement of a similar plan one week prior. Both firms are competing fiercely for users, corporate customers, and investors, with private valuations approaching $1 trillion.
A federal judge in Massachusetts ruled that President Trump's policy imposing a $100,000 fee for H-1B visa applications violated the Administrative Procedure Act and the Constitution. The H-1B program allows U.S. employers to hire nonimmigrant workers in specialty occupations; the fee increase from the previous $2,000–$5,000 range was implemented by Trump in a presidential proclamation last September.
Donald Trump has reportedly clashed with Israeli Prime Minister Benjamin Netanyahu over military action in Lebanon, with Trump calling him "effing crazy" during a Monday phone call. The dispute threatens to complicate Trump's efforts to broker a deal extending the US-Iran ceasefire and reopening talks on Tehran's nuclear programme.
Ferrari unveiled its first electric vehicle, the Luce, designed by iPhone designer Sir Jony Ive, but the $640,000 five-seater car faced widespread criticism from investors, politicians, and internet users, with the firm's shares falling 8% after the launch and a former chairman warning it risks destroying the brand's legend.
Walmart expects sales growth to slow significantly from May to July as higher petrol prices, driven by the Middle East conflict and rising oil costs, pressure US household budgets. The retailer's finance chief said tax refunds had cushioned the impact, but as those benefits fade, consumers will feel more strain from elevated fuel costs.
US President Trump visited Beijing with a business delegation and said he struck "fantastic trade deals" with Chinese leader Xi Jinping, though the two-day summit produced warm rhetoric more than concrete agreements. Trump said China agreed to order 200 Boeing planes, but Beijing did not confirm major purchases.