Minimalist News

AI Summary

U.S.-China trade relations face uncertainty as a recent call between President Trump and China's Xi Jinping highlighted concerns over rare-earth mineral exports, jeopardizing a previously agreed-upon truce.
Canada is moving to expedite project approvals and dismantle internal trade barriers, aiming to invigorate economic growth that has reportedly stagnated due to bureaucratic delays.
Economic pressures are mounting globally as inflation remains persistently high, with the Bank of England signaling potential modest rate cuts while the U.K. grapples with record migrant influxes.
Major corporations, including BCG and Tesla, are experiencing internal upheaval as ethical controversies and public feuds with political figures influence their operational strategies and market performance.
The surge in corporate layoffs, attributed to cost-cutting measures and technology integration, raises concerns about the resilience of the labor market, especially in sectors like healthcare and hospitality that currently show growth.

CNBC

Trump presses Fed chief Powell to cut interest rate by full point despite strong jobs report cnbc.com 12 hours ago
An increase in the number of U.S. jobs that was higher than expected makes it unlikely that the Federal Reserve will cut interest rates soon.
Tesla already had big problems. Then Musk went to battle with Trump cnbc.com 5 hours ago
Tesla has spent much of the year dealing with struggling sales and a deteriorating brand. Now CEO Elon Musk has drawn the ire of the president…
Walmart chases new and younger customers as tariffs rattle shoppers cnbc.com 7 hours ago
Walmart announced its latest efforts at an annual gathering of store employees, managers and executives in Northwest Arkansas.
Trump announces U.S.-China trade talks in London next week cnbc.com 10 hours ago
Trump had slapped higher tariffs on China than any other country, but temporarily lowered them last month after initial trade talks in Switzer…
Spirit makers face a sobering cocktail of challenges — from tariffs to teetotalers cnbc.com 2 hours ago
Global spirit makers are staring down a sobering cocktail of challenges as tariffs and brand boycotts threaten to exacerbate wider shifts in d…
At WWDC, Apple's AI strategy comes into question cnbc.com 8 hours ago
As rivals make headway with their AI hardware strategies, Apple stakeholders want to hear how the company's approach to AI has changed.
Trump and Musk feud draws reactions from billionaires, politicians and pundits. Here's who said what cnbc.com 20 hours ago
Trump lashed out at Elon Musk for his criticism of the Republican tax-cut and spending bill, leading the CEO to later suggest Trump should be …
Why millions of Americans would lose health insurance under House GOP megabill cnbc.com 15 hours ago
With the Senate poised to consider the One Big Beautiful Bill Act, here's who may be vulnerable to health-care coverage losses if the legislat…
Tesla Optimus robotics vice president Milan Kovac is leaving the company cnbc.com 6 hours ago
Milan Kovac, Tesla's vice president in charge of Optimus humanoid robotics, announced on Friday that he's leaving the company.
Kilmar Abrego Garcia returns to face immigrant smuggling charges after wrongful deportation cnbc.com 8 hours ago
The Supreme Court had upheld a federal judge's order that Kilmar Abrego Garcia be returned to the U.S. from a notorious prison in his native E…
Trump considers getting rid of his Tesla on heels of Elon Musk feud cnbc.com 11 hours ago
President Trump bought the EV to show support for the Tesla CEO Musk, who was catching flak for his work on DOGE for the Republican's administ…
Omada shares rise 21% in Nasdaq debut after health tech company's IPO cnbc.com 9 hours ago
Omada Health became the latest tech company to hit the Nasdaq on Friday, as the IPO market picks up steam.
Amazon delivery robots part of plan to automate $200B in logistics costs: analyst cnbc.com 10 hours ago
Amazon's reported work on software to use human-like robots in package delivery represents the next chapter in the company's lucrative automat…
Trump 'not interested' in call with Musk, White House official says cnbc.com 16 hours ago
Tesla CEO Elon Musk and President Trump launched a war of words at each other Thursday over Musk's criticism of the Republican's "One Big, Bea…
Musk vs. Trump drama dominated in DC, but Germany's Merz quietly walked away with a win cnbc.com 15 hours ago
German Chancellor Friedrich Merz had a full agenda as he met with U.S. President Donald Trump.
Jim Cramer's week ahead: Consumer price index and BlackRock's investor day cnbc.com 7 hours ago
The 'Mad Money' host walked investors through the week of June 9, 2025 on Wall Street.
Corporate layoffs have ramped up in recent weeks. Here are the companies making cuts cnbc.com a day ago
Many companies lumped layoffs in with larger cost-cutting strategies. Some have cited artificial intelligence as a factor in layoffs.
United partners with Spotify to add streaming audio to seatback screens cnbc.com 9 hours ago
United passengers will be able to listen to curated Spotify playlists, audiobooks and video podcasts directly from their seatback screens, sta…
Trump administration asks Supreme Court to lift ban on Education Department layoffs cnbc.com 12 hours ago
The Trump administration on Friday asked the Supreme Court to lift a court order to reinstate U.S. Department of Education employees who were …
Winklevoss twins' crypto firm Gemini confidentially files for IPO cnbc.com 12 hours ago
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has confidentially filed for a U.S. IPO.
The 'cracks in the foundation' of the job market are starting to show, economist says—and the big picture is worse than it seems cnbc.com 11 hours ago
Health care and hospitality jobs fuel the current labor market, but tariffs and federal funding cuts could put those jobs at risk.
International stocks are ahead of the U.S. so far this year—how to add them to your portfolio cnbc.com 11 hours ago
After years of outperformance, U.S. stocks are lagging behind their foreign peers. Experts say it's worth holding some of both.
This uranium company wants to break the grip that foreign state corporations have on U.S. nuclear fuel cnbc.com 10 hours ago
Centrus Energy CEO Amir Vexler said the world needs an American-owned uranium enricher.
Tesla stock climbs 5% as it tries to rebound from Trump-Musk argument rout cnbc.com 9 hours ago
The electric vehicle maker lost $152 billion in market cap Thursday as traders reacted to a public feud between Elon Musk and President Donald…
Elon Musk says SpaceX will decommission Dragon spacecraft after Trump threat — or not cnbc.com 17 hours ago
SpaceX's Dragon is the only U.S. option for delivering crew to and from the International Space Station.
DocuSign stock tanks 18% after company cuts billings outlook cnbc.com 10 hours ago
The downbeat forecast overshadowed the company's better-than-expected earnings and revenue results.
Used vehicle prices ease from tariff fear-buying highs but remain elevated cnbc.com 14 hours ago
Used vehicle prices last month eased from a recent high in April as consumers who needed a vehicle but feared price hikes due to tariffs purch…
Lululemon shares tumble 20% as it cuts full-year earnings guidance, citing 'dynamic macroenvironment' cnbc.com 15 hours ago
Lululemon beat Wall Street expectations for fiscal first-quarter earnings, but cut its full-year earnings guidance, citing a "dynamic macroenv…
Walmart plans to expand drone deliveries to three more states cnbc.com a day ago
The big-box retailer has already tested drone deliveries in Arkansas and expanded them in the Dallas-Forth Worth area.
Swiss government proposes tough new capital rules in major blow to UBS cnbc.com 13 hours ago
The Swiss government proposed strict new capital rules that would require banking giant UBS to hold an additional $26 billion in core capital.