A Gucci logo is displayed at their store on May 30, 2025 in Washington, DC. Kevin Carter | Getty Images News | Getty Images Shares of French fashion house Kering popped as much as 10% on Monday on reports that it has appointed industry outsider Luca de Meo as group CEO. It comes as the… Continue reading Shares of Gucci-owner Kering pop 10% on reports Renault’s de Meo to be next CEO
Author: CNBC Online news
Tesla faces protests in Austin over Musk’s robotaxi plans
Blythe Christopher attends a demonstration to protest Tesla robotaxis on June 12, 2025 in Austin, Texas. Todd Wiseman With Elon Musk looking to June 22 as his tentative start date for Tesla’s pilot robotaxi service in Austin, Texas, protesters are voicing their opposition. Public safety advocates and political protesters, upset with Musk’s work with the… Continue reading Tesla faces protests in Austin over Musk’s robotaxi plans
China’s tight grip on rare earths shows little sign of weakening
Miners are seen at the Bayan Obo mine containing rare earth minerals, in Inner Mongolia, China July 16, 2011. Stringer | Reuters China’s dominance of the global rare earths supply chain won’t dwindle easily, even if Beijing decides to approve more export licenses through deals with Europe and the U.S. Three Shenzhen-listed Chinese companies this… Continue reading China’s tight grip on rare earths shows little sign of weakening
India moves to tap its rare earth reserves. Experts say it could become an alternative to China
Indian Rare Earths extracts rare earth elements from beach sands in Kerala, India. Pallava Bagla | Corbis News | Getty Images India, like many countries, is grappling with Beijing’s restrictions on rare earth element (REE) exports — and it wants to develop its own domestic supplies. Experts say it could become an important alternative to… Continue reading India moves to tap its rare earth reserves. Experts say it could become an alternative to China
Trump signs resolutions to roll back California’s EV plans
[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump on Thursday is signing three congressional resolutions that target California’s statewide efforts to adopt electric vehicles and phase out diesel engines and the sale of gas-powered cars… Continue reading Trump signs resolutions to roll back California’s EV plans
Nvidia CEO says this is the decade of robotics and autonomous vehicles
Nvidia CEO Jensen Huang attends a round table discussion at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 11, 2025. Sarah Meyssonnier | Reuters Autonomous vehicles and robotics are going to take off in a big way in the years ahead, according to Nvidia… Continue reading Nvidia CEO says this is the decade of robotics and autonomous vehicles
Elon Musk’s favorability among Republicans dropped 16 points since March, Quinnipiac says
Elon Musk, during a news conference with President Donald Trump on May 30, 2025 inside the Oval Office at the White House in Washington. Tom Brenner | The Washington Post | Getty Images Elon Musk’s official role in the Trump administration recently came to an end. Many Republicans won’t be sad to see less of… Continue reading Elon Musk’s favorability among Republicans dropped 16 points since March, Quinnipiac says
Tesla gains for a fourth day as Musk sets robotaxi date, Trump tensions cool
Tesla CEO Elon Musk walks to board Air Force One with U.S. President Donald Trump (not pictured) as they depart for Philadelphia, Pennsylvania, from Morristown Municipal Airport in Morristown, New Jersey, on March 22, 2025. Nathan Howard | Reuters Tesla stock gained for a f fourth straight positive session Wednesday as the spat between CEO… Continue reading Tesla gains for a fourth day as Musk sets robotaxi date, Trump tensions cool
Elon Musk says Tesla robotaxi rides in Austin ‘tentatively’ set to begin June 22
Tesla’s Cybercab robotaxi at the AutoMobility LA 2024 auto show on Nov 21, 2024. Robyn Beck | AFP | Getty Images Tesla CEO Elon Musk said on Tuesday that his company’s robotaxi service is “tentatively” set to launch in Austin, Texas, on June 22. In a post on X, Musk indicated that he’s flying from… Continue reading Elon Musk says Tesla robotaxi rides in Austin ‘tentatively’ set to begin June 22
Tesla rallies on robotaxi hopes as fear over Musk-Trump feud subsides
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images In the three trading days since Elon Musk’s war of words with President Donald Trump last week sank Tesla’s market cap by 14%… Continue reading Tesla rallies on robotaxi hopes as fear over Musk-Trump feud subsides