The US government will become the largest shareholder in MP Materials, the operator of America's only active rare earth mine, to reduce reliance on China. A 10-year agreement guarantees a minimum price for neodymium and praseodymium, crucial for modern technologies. The DoD will invest $400 million in new...
CNBC's 19th annual ranking of America's Top States for Business in 2025 evaluated all 50 states across 135 metrics within 10 categories. The methodology, refined this year to include trade war and budget risk assessments, along with enhanced infrastructure metrics, considers factors crucial for business site selection. States...
US stock futures dipped Thursday, following President Trump's announcement of a 50% tariff on Brazilian goods starting August 1st. This countered Wednesday's rally fueled by Nvidia reaching a $1 trillion market cap. Despite the Nasdaq hitting a record high, concerns remain about tariffs and fiscal fears. ...
Delta Air Lines lowered its 2025 profit forecast due to weaker-than-anticipated demand and industry overcapacity. However, the airline exceeded Wall Street's expectations for summer travel bookings, which have since stabilized at lower levels than initially projected. Delta reported better-than-expected Q2 earnings per share ($2.10 vs. $2.05 expected) and...
Google launched its AI-powered advertising tools in India, following the repeal of a digital advertising tax. These tools, including "Generated for You" and Smart Bidding Exploration, utilize AI to optimize ad campaigns and improve customer acquisition. The launch coincides with India's booming digital ad market, projected to reach...
Amazon's Prime Day sale offers a significant discount on the 65-inch Sony Bravia XR QD-OLED TV (A95K series). Originally priced at $3499.99, it's now available for $1698.00, a 51% reduction. Designed for optimal PlayStation 5 and PS5 Pro performance with features like Auto HDR Tone Mapping and an...
Chinese shares surged, potentially closing at their best levels in three years, fueled by investor optimism regarding further economic stimulus measures to combat deflation. The Shanghai Composite Index and CSI 300 index both saw significant gains. This positive market movement follows data showing persistent factory deflation but a surprising...
Amazon's Prime Day, running July 8-11, is projected to generate $23.8 billion in US online sales, a 28.4% year-over-year increase. Adobe Analytics predicts generative AI will significantly impact this year's sales, with a 3200% year-over-year traffic surge from AI sources. Consumer surveys show a high adoption rate of...
Amazon's four-day Prime Day sale, running July 8-11, is expected to generate a record-breaking $23.8 billion in spending, a 28% increase from last year. This surge in spending will provide insight into consumer resilience amidst rising tariffs. While discounts are comparable to last year, shoppers are actively seeking...
Tesla's stock plummeted 7% after Elon Musk announced a new political party, prompting Wedbush Securities analyst Daniel Ives to urge Tesla's board to rein in Musk's political activities. Ives proposed a three-point plan: a new incentive-driven pay package for Musk, clear guidelines on time commitment to Tesla, and a...
