Tesla’s shares plummeted 7.5% on Monday after CEO Elon Musk announced plans to launch a new US political party, sparking concerns about his commitment to the company’s future. This led short sellers to make about $1.4 billion in paper profits, according to data analytics firm Ortex. On June 5, Tesla saw its biggest single-day drop … Read more
Mexico edged out the United States Men’s National Team by a score of 2-1 to claim its 10th CONCACAF Gold Cup trophy, defeating its rival nation for the first time in six games. The match was the most highly anticipated game between the two teams until next year’s FIFA World Cup, which will be co-hosted … Read more
The COVID-19 pandemic has triggered a surge in US companies setting up foreign trade zones (FTZs) to avoid President Donald Trump’s tariffs, as importers look for ways to minimize the impact of the ongoing trade war. Originally established in 1934 during the Great Depression, FTZs are designated areas where companies can import goods duty-free and … Read more
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For those looking to stay ahead in Donald Trump’s tariff maelstrom, The Financial Times (FT) offers affordable digital access. Plans start at €69 per month, allowing readers complete coverage of today’s events on any device. The FT provides essential digital access with expert analysis from industry leaders. To save even more, pay a year upfront … Read more
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Veteran actor Michael Douglas has stated that he has no plans to act again unless a “something special” comes up. The 80-year-old, who won two Oscars for his roles in “One Flew Over the Cuckoo’s Nest” and “Wall Street,” told reporters at the Karlovy Vary International Film Festival in the Czech Republic that he stopped … Read more
US President Donald Trump’s trade advisor, Peter Navarro, has criticized Apple CEO Tim Cook for relying heavily on China for iPhone production, calling it “the longest-running soap opera in Silicon Valley.” This criticism comes as the Trump administration pressures Apple to bring back manufacturing to the US. Navarro stated that he finds it hard to … Read more
Sean “Diddy” Combs was convicted on two charges of transportation to engage in prostitution, bringing back memories of the 1991 City College tragedy that claimed nine lives, including his brother Dirk. Jason Swain, a filmmaker and survivor of the stampede, recalled being shown a Polaroid of his deceased brother with open eyes at the crime … Read more
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