During President Trump's visit to China, Chinese President Xi Jinping assured a delegation of top U.S. executives, including Elon Musk and Tim Cook, that China will "open wider" to American companies amid ongoing trade tensions. This marks a notable shift from last year's tariff conflicts and export restrictions, signaling improved business prospects. The CEOs expressed optimism about expanding their operations in China, while Xi also cautioned about potential conflicts over Taiwan. The positive tone boosted shares of companies like Nvidia and Tesla, reflecting investor hopes for eased restrictions and stronger market access.
Elon Musk's lead counsel apologized to the jury for Musk's absence during closing arguments in his lawsuit against OpenAI co-founders Sam Altman and Greg Brockman. Musk was in China accompanying President Donald Trump, despite being on "recall status...
Elon Musk and Nvidia CEO Jensen Huang were the only two executives aboard Air Force One with President Trump on a China-focused business trip, highlighting Musk's regained political influence despite past tensions. Tesla's significant reliance on Chi...
Elon Musk introduced Terafab, a project aiming to produce 1 terawatt of AI computing power annually, marking a shift toward orbital AI infrastructure. Intel joined as a key manufacturing partner, boosting its stock significantly. Meanwhile, Jeff Bezo...
Ford's stock surged 8% to around $14.60 following strong Q1 earnings with EPS of $0.66 and raised full-year EBIT guidance to $8.5-$10.5 billion. The rally marks a sharp turnaround as Ford leads year-to-date gains in the auto sector, outperforming pee...
Tesla CEO Elon Musk and NVIDIA CEO Jensen Huang joined President Trump's delegation to Beijing on Air Force One, highlighting their companies' critical roles in US-China tech relations. Huang's presence followed a year of lobbying to ease AI chip exp...
