By Pesha Magid RIYADH (Reuters) – Tesla launched operations in Saudi Arabia on Thursday, a sign that Chief Executive Elon Musk has patched up relations with the kingdom and that the oil capital was moving forward with an ambitious electric-vehicle policy. A Tesla Cybertruck and a redesigned Model Y sedan dominated a plaza dotted with…
By Nathan Gomes (Reuters) -CarMax is expanding its inventory of newer pre-owned vehicles, as U.S. President Donald Trump’s latest tariffs on new car imports are expected to significantly boost demand for more affordable options. The company said it was prioritizing inventory in vehicles aged between six and 10 years, while pulling back from older models…
WASHINGTON (Reuters) – U.S. President Donald Trump on Wednesday said a potential deal to spin off the U.S. assets of TikTok is still “on the table” days after it was put on hold. “We have a deal with some very good people, some very rich companies that would do a great job with it, but…
By Nathan Layne (Reuters) – The U.S. Social Security Administration abandoned plans to end phone services for retirees that would have started on Monday, following a growing outcry from advocates who warned that the changes could cause chaos and further strain the agency. The agency, which pays out $1.4 trillion in benefits to 73 million…
By Lananh Nguyen and Sinead Cruise NEW YORK/LONDON (Reuters) – Wall Street bosses are girding for Europe to sideline American investment banks in response to the tariff war unleashed by U.S. President Donald Trump, fearing client boycotts and in a worst-case scenario, even formal restrictions. More than half a dozen senior bankers and advisers told…
By Aditya Soni (Reuters) -The “Magnificent Seven” stocks were poised to gain more than $1 trillion in market value on Wednesday after U.S. President Donald Trump approved a 90-day tariff pause, easing pressure on tech giants that had tumbled in recent sessions. Shares of the companies, which include AI chip giant Nvidia, Apple, Tesla and…
(Reuters) – Traders boosted bets on Tuesday the Federal Reserve will start cutting its policy rate as soon as next month, as the White House said additional tariffs on imports from China will go into effect on Wednesday in a further escalation of trade hostilities that could slow the economy. Traders put about a 56%…
(Reuters) -A Tesla Supercharger station was damaged in Lacey, Washington, on Tuesday, according to local police and the Federal Bureau of Investigation. The impacted Tesla Supercharger station, which is located at 665 Sleater Kinney Road SE in Lacey, comprises 12 Superchargers, each capable of delivering up to 250 kW of power, according to the company’s…
LONDON (Reuters) – Physically backed gold exchange-traded funds (ETFs) registered the largest quarterly inflow in three years in January-March, 2025, data from the World Gold Council (WGC) showed on Tuesday. Investors seeking shelter from political and economic volatility were moving into gold ETFs, which store bullion for investors, in the first quarter. A global trade…
By Alexandra Ulmer, Marisa Taylor, Jeffrey Dastin and Alexandra Alper (Reuters) -Trump administration officials have told some U.S. government employees that Elon Musk’s DOGE team of technologists is using artificial intelligence to surveil at least one federal agency’s communications for hostility to President Donald Trump and his agenda, said two people with knowledge of the…
