People shop at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty Images President Donald Trump blasted Walmart on Saturday after the country’s largest retailer warned this week that it will have to raise prices because of tariffs. “Walmart should STOP trying to blame Tariffs as the reason… Continue reading Trump tells Walmart to ‘eat the tariffs’ after retailer warned it will raise prices
Author: CNBC Online news
Tesla limits investors’ ability to sue over breach of fiduciary duties
Tesla CEO Elon Musk speaks at an opening ceremony for Tesla China-made Model Y program in Shanghai on Jan. 7. Aly Song | Reuters In a regulatory filing out Friday, Elon Musk-led automaker Tesla announced a change to its corporate bylaws that will limit shareholders ability to sue the company if investors believe the company’s… Continue reading Tesla limits investors’ ability to sue over breach of fiduciary duties
Tesla adds longtime Chipotle executive Jack Hartung to board of directors
Jack Hartung. Scott Mlyn | CNBC Tesla has appointed longtime Chipotle executive Jack Hartung to its board of directors, effective June 1. As part of the board, Hartung will join Tesla’s audit committee, the electric vehicle company disclosed in a filing with the U.S. Securities and Exchange Commission on Friday. The addition comes as Tesla… Continue reading Tesla adds longtime Chipotle executive Jack Hartung to board of directors
The ‘pause’ in the China trade war is still feeding uncertainty, delays and high prices
When the Trump administration slapped 145% tariffs on China, the shipping and logistics industries slowed to a trickle. Now they’re dealing with the opposite problem: a surge. The administration’s decision to “pause” the steep tariffs for 90 days has left companies rushing to get orders in before the window closes. Insiders say the threat now… Continue reading The ‘pause’ in the China trade war is still feeding uncertainty, delays and high prices
How much would a 100% ‘Made in the USA’ vehicle cost? It’s complicated
A 2025 Ford Expedition with bronze trim at the automaker’s Kentucky Truck Plant, April 30, 2025. Michael Wayland | CNBC LOUISVILLE, Ky. — A white 2025 Ford Expedition SUV with bronze exterior trim rolled off the assembly line at Ford Motor‘s Kentucky Truck Plant. It was assembled — from its frame to completion — by… Continue reading How much would a 100% ‘Made in the USA’ vehicle cost? It’s complicated
Elon Musk’s pro-Trump PAC failed to pay swing state petition signers, new suit alleges
Elon Musk speaks during a campaign rally for Republican presidential nominee and former U.S. President Donald Trump at Madison Square Garden in New York City on Oct. 27, 2024. Anna Moneymaker | Getty Images Elon Musk’s America PAC didn’t keep its promise to pay swing state voters who signed a pro-Trump petition ahead of the… Continue reading Elon Musk’s pro-Trump PAC failed to pay swing state petition signers, new suit alleges
5 new Uber features you should know — including a way to avoid surge pricing
Travelers walk past a sign pointing toward the Uber ride-share vehicle pickup area at Los Angeles International Airport in Los Angeles on Feb. 8, 2023. Mario Tama | Getty Images Uber is giving commuters new ways to travel and cut costs on frequent rides. The ride-hailing company on Wednesday announced a route share feature on… Continue reading 5 new Uber features you should know — including a way to avoid surge pricing
Chinese startup Pony.ai reports first robotaxi fire, no injuries
A Pony.ai autonomous car. Pony.ai BEIJING — One of Pony.ai‘s robotaxis caught fire for the first time on Tuesday, with no people harmed in the incident, the U.S.-listed Chinese startup told CNBC. The company did not disclose the reason behind the fire. Videos purporting to show the incident in Beijing had circulated on social media.… Continue reading Chinese startup Pony.ai reports first robotaxi fire, no injuries
Baidu’s robotaxi unit plans Europe expansion
More than 70% of Baidu Apollo Go robotaxi rides in Wuhan were fully driverless as of April, and the company said in May it expected 100% of the rides to be completely autonomous in coming quarters. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese tech company Baidu‘s Apollo Go robotaxi business plans to expand… Continue reading Baidu’s robotaxi unit plans Europe expansion
Hertz shares plummet after company’s disappointing first-quarter results, $250 million stock offering
Andrew Kelly | Reuters DETROIT — Shares of Hertz Global plummeted Tuesday morning after the embattled rental car company reported disappointing first-quarter earnings and a $250 million stock offering. Hertz shares were off more than 20% during early morning trading before ending Tuesday nearly 17% lower after the company’s morning quarterly earnings call. Shares of… Continue reading Hertz shares plummet after company’s disappointing first-quarter results, $250 million stock offering