Tesla’s stock is climbing as CEO Elon Musk disclosed the purchase of more than 2.5 million shares worth approximately $1 billion. Shares of the electric vehicle maker rose 3.6% Monday. Musk purchased various amounts of shares at different prices on Friday, according to a regulatory filing. The move may be viewed by the markets as…… MORE
MADRID (AP) — A framework deal has been reached between China and the U.S. for the ownership of TikTok. U.S. Treasury Secretary Scott Bessent said Monday after trade talks in Madrid that U.S. President Donald Trump and Chinese Premier Xi Jinping would speak Friday to possibly finalize the deal. Bessent says the objective was to…… MORE
Nearly 200 shipping companies said Monday they want the world’s largest maritime nations to adopt regulations that include the first-ever global fee on greenhouse gases to reduce their sector’s emissions. The Getting to Zero Coalition, an alliance of companies, governments and intergovernmental organizations, is asking member states of the International Maritime Organization to support adopting…… MORE
WASHINGTON (AP) — The Federal Reserve is facing economic uncertainty and political pressure as it meets this week to decide whether to cut interest rates. Investors expect the Fed to reduce its benchmark interest rate by a quarter point, to about 4.1%. But it’s not even clear which Fed officials will be making the decision.…… MORE
President Donald Trump’s administration has renewed its request to fire Lisa Cook from the Federal Reserve’s board of governors. The administration filed a response to a federal appeals court on Sunday, arguing against Cook’s legal reasons for staying on the job. This move comes ahead of the central bank’s vote on interest rates. Cook, the…… MORE