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G7 Officials Gather Amid Headwinds From Trump’s Trade War
Treasury Secretary Scott Bessent will meet his international counterparts at a G7 finance ministers meeting in Canada.
Trump Scolded Companies for Raising Prices. Do They Have a Choice?
Economists say companies generally have to pass along the cost of tariffs. But populists on the left and right say the president may have a point.
Elon Musk confirms Tesla plan for robotaxis on Austin roads in June
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC Tesla CEO Elon Musk confirmed that the company will have robotaxis on the streets of Austin, Texas, by the end of June. In an interview with CNBC’s David Faber on Tuesday at the company’s headquarters in Austin, Musk said Tesla aims to bring…
Boards Need a More Active Approach to Cybersecurity
Too often, boards overestimate their company’s cybersecurity preparedness—and how well they, as directors, are guiding it. Consider the results of a recent survey of 151 executives we conducted to better understand how boards deal with cybersecurity. While 71% of executives felt cyber funding was adequate (49%) or high (21%), only 39% characterized their board’s “understanding…
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Chinese Battery Giant Surges in Hong Kong Market Debut
Shares of the company, CATL, surged in their first day of trading. Onshore U.S. investors were blocked from buying its stock as a “decoupling” of finance continued.
Trump’s Pick to Lead I.R.S. Promoted a Nonexistent Tax Credit
Billy Long’s effort to promote the credit, along with his pushing of a fraud-ridden pandemic-era tax break, will be under close scrutiny during his Senate confirmation hearing.
Stock market today: Live updates
Stock futures slipped early Tuesday, putting the S&P 500’s six-day winning streak in jeopardy. S&P 500 futures lost 0.4%. Nasdaq 100 futures were down 0.5%, while futures tied to the Dow Jones Industrial Average lost 97 points, or 0.2%. The moves in futures follow a relatively calm trading session on Monday that saw the S&P…