Elon's $25 Trillion Confession
Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.
Federal Reserve shows unexpected unity, independence as it weathers Trump's attacks
WASHINGTON (AP) — The Federal Reserve's to reduce its key interest rate was seen by many observers as a quiet show of unity and independence amid President Donald Trump's for steeper cuts and his unprecedented effort to .
Federal Reserve wrestles with how many interest rate cuts to make and how fast
WASHINGTON (AP) — With the Federal Reserve widely expected Wednesday to reduce its by a quarter-point to about 4.1%, economists and Wall Street investors will be looking for signals about next steps: How deeply might the Fed cut in the next few months?
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Inflation likely rose last month as Trump's sweeping tariffs boost goods prices
WASHINGTON (AP) — U.S. inflation likely ticked higher last month as the Trump administration's have lifted the price of goods, potentially putting the Federal Reserve in a tough spot when it meets next week.
Asian shares rise after Japan's prime minister resigns
TOKYO (AP) — Asian shares mostly rose with Japan's benchmark jumping higher in Monday morning trading, despite the looming political uncertainty after Prime Minister Shigeru Ishiba announced last night he was stepping down as prime minister and head of his party.
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New Zealand to allow some wealthy foreign investors onto property market
WELLINGTON, New Zealand (AP) — will relax a ban on in the country to allow some wealthy overseas business investors to buy a single high-value residential property, Prime Minister Christopher Luxon said Monday.
US economy grows 3.3% in second quarter, government says, in second estimate of April-June growth
WASHINGTON (AP) — The U.S. economy rebounded this spring from a first-quarter downturn caused by fallout from President Donald Trump’s trade wars.
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What to know about the delisting of property developer China Evergrande's shares in Hong Kong
BANGKOK (AP) — Shares in were removed from the Hong Kong Stock Exchange on Monday, marking another step in the retreat of the giant real estate developer whose downfall contributed to a prolonged crisis in China's .
Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts
WASHINGTON (AP) — Now that Federal Reserve Chair Jerome Powell has that the central bank could soon cut its key interest rate, he faces a new challenge: how to do it without seeming to cave to the White House's .
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US and EU frame the ongoing deal between the trading partners and solidify some commitments
WASHINGTON (AP) — The United States and the European Union on Thursday issued a joint statement that frames the ongoing deal between and solidifies some trade commitments.
Business News Digest
AP Business Digest
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Inflation or jobs: Federal Reserve officials are divided over competing concerns
WASHINGTON (AP) — One major question will be front and center for Federal Reserve policymakers as they prepare for an next week and a crucial policy meeting in September: Which is a bigger problem for the economy right now, or ?
Vietnam wants to be the next Asian tiger and it’s overhauling its economy to make it happen
HANOI, Vietnam (AP) — Beneath red banners and a gold bust of revolutionary leader Ho Chi Minh in Hanoi's central party school, declared the arrival of “a new era of development” late last year. The speech was more than symbolic— it signaled the launch of what could be Vietnam’s most ambitious economic overhaul in decades.
Elon's $25 Trillion Confession - Ad
Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.
Business Lookahead
AP Business Digest
It's Trump's economy now. The latest financial numbers offer some warning signs
WASHINGTON (AP) — For all of President Donald Trump’s promises of an economic “golden age,” a this week told a potentially worrisome story as the impacts of his policies are coming into focus.
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While everyone said Tesla was finished... On June 11, I predicted that we were on the cusp of one of the most shocking comebacks in Wall Street history. Sure enough, Tesla is now up 25% and recovered all 2025 losses. But this is just the beginning of Elon's $25 trillion breakthrough.
European economy sees growth of only 0.1% as scramble to get ahead of US tariffs goes into reverse
FRANKFURT, Germany (AP) — Europe's economy barely grew in the April-June quarter as frantic earlier efforts to ship goods ahead of new U.S. tariffs went into reverse and output fell for the continent's biggest economy, Germany.
Business Lookahead
AP Business Digest
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Trump's tariffs could squeeze US factories and boost costs by up to 4.5%, a new analysis finds
WASHINGTON (AP) — As President prepares to announce new tariff increases, the costs of his policies are starting to come into focus for a domestic manufacturing sector that depends on global supply chains, with a new analysis suggesting factory costs could increase by roughly 2% to 4.5%.
Trump is getting the world economy he wants -- but the risk to growth could spoil his victory lap
WASHINGTON (AP) — President is getting his way with the world economy.
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US automakers say Trump's 15% tariff deal with Japan puts them at a disadvantage
WASHINGTON (AP) — U.S. automakers are concerned about President Donald Trump's at 15%, saying they will face steeper import taxes on steel, aluminum and parts than their competitors.
Companies pledge to invest more than $700 billion in Germany over the next 3 years
BERLIN (AP) — A group of dozens of companies pledged Monday to invest at least 631 billion euros ($733 billion) in Germany over the next three years, sending a signal of confidence in Europe's biggest economy as the new government tries to breathe new life into it.
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Asian shares mostly advance after Wall Street cruises to more records
MANILA, Philippines (AP) — Asian shares were mostly higher on Friday after Wall Street rose to records following better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies.
Cuban minister faces backlash for saying there are no beggars in Cuba
HAVANA (AP) — A Cuban minister sparked criticism Tuesday, including from the , after saying that there are no beggars in , only people disguised as such, and suggesting that those who clean windshields at crossroads have an “easy” life.
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Nvidia is again Wall Street's most valuable company. How it got there, by the numbers
Nvidia reached another milestone in its rise to becoming one of the world's most important companies: the first publicly traded company to reach a market value of $4 trillion.
U.S. employers likely added 115,000 jobs last month as labor market continues to cool
The steady slowdown in U.S. hiring likely continued in June as President Donald Trump’s trade wars, federal hiring freeze and immigration crackdown weighed on the American job market.
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At Los Gatos, silver grades run over 200 g/t with costs near $15/oz. With silver at $41, margins are expanding fast.
U.S. economy shrank 0.5% between January and March, worse than earlier estimates revealed
WASHINGTON (AP) — The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s trade wars disrupted business, the Commerce Department reported Thursday in an unexpected downgrade from its previous estimate.
Americans' take on the economy sours in June and, after a brief respite, continues to slide
WASHINGTON (AP) — Americans’ view of the U.S. economy worsened in June, resuming a downward slide that had dragged consumer confidence to its lowest level since the COVID-19 pandemic five years ago.
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