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Chinese President Xi Jinping warmly welcomed a delegation of US CEOs on Thursday during the first day of President Trump's visit to the country.
The delegation of business leaders underscores the deep ties many major U.S. companies maintain with China despite years of trade tensions.
SunPower Inc. reported its first-quarter 2026 financial results, highlighting a challenging period due to lower-than-expected revenue and increased expenses in anticipation of future growth. Despite this setback, the company recorded a significant increase in bookings, largely attributed to recent acquisitions, signaling a positive outlook for the upcoming quarters. SunPower also undertook several cost-control measures, including staff reductions and a shift to a four-day workweek, as part of...
Elon Musk remains influential in China, but Tesla's position is being tested by local rivals and regulatory pressure.
Xi Jinping has told American chief executives travelling with Donald Trump that China’s door to business “will only open wider and wider” as...
All eyes are on Beijing this week as President Donald Trump meets with China’s Xi Jinping to discuss everything from soybeans to AI chips. Markets have muted expectations for U.S. President Donald Trump’s talks with Chinese leader Xi Jinping today, but a topsy-turvy geopolitical order is still enough to keep investors on their toes. The two global superpowers have gathered in Beijing to discuss everything from AI chips to the Strait of Hormuz and the future of Taiwan.
President Donald Trump‘s counselor and economist, Peter Navarro, had criticized Elon Musk-led Tesla Inc. (NASDAQ:TSLA) last year, calling the company a “car assembler” reliant on overseas parts from China and other countries. Now, Chinese President Xi Jinping has said the country could allow more U.S. investment in China. Open Criticism The comments were highlighted by Bloomberg presenter Joumanna Nasr Bercetche on X on Thursday. She shared that Navarro, as well as Trump, had “openly criticized
On March 21, 2026, at the Seaholm Power Plant in Austin, Elon Musk unveiled “the most epic chip-building exercise in history”: Terafab, a joint venture between Tesla (NASDAQ:TSLA), SpaceX, and xAI, with Intel (NASDAQ:INTC) as foundational manufacturing partner. The stated goal: one terawatt of AI compute capacity per year, an order-of-magnitude expansion of global semiconductor ... Elon Musk’s $119 Billion Gambit: The Real Reason He’s Building the World’s Largest Chip Plant.
Shares of European semiconductor companies were edging higher after Foxconn reported robust first-quarter revenue and profit and as President Trump brings a delegation of tech CEOs on his trip to China. Foxconn, which generates a significant share of revenue making AI servers for companies like Nvidia, reported 19% growth in net profit to 49.92 billion New Taiwan dollars and 29% growth in revenue to 2.120 trillion New Taiwan dollars. Meanwhile, Trump is meeting Chinese leader Xi Jinping in a summit attended by Nvidia's Jensen Huang, Apple's Tim Cook and Tesla's Elon Musk.
(Bloomberg) -- Xi Jinping signaled China is moving toward greater openness, striking an upbeat note during his meeting with US business leaders accompanying Donald Trump as the two presidents wrapped up morning talks that featured more divisive issues like trade and Taiwan.Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Land
Top Pension officials from New York and California have written to SpaceX CEO Elon Musk, expressing concern over the “extreme” governance structure of the commercial space flight company ahead of its public listing. Comptrollers Express Concern New York State Comptroller Thomas DiNapoli, as well as New York City Comptroller Mark Levine and California Public Employees’ Retirement System (CalPERS) CEO Marcie Frost, wrote a letter to Musk, accessed by Reuters on Wednesday. Notably, CalPERS had also
Florida Gov. Ron DeSantis (R) said Tuesday that he remains opposed to electric vehicle mandates but praised Tesla Inc.'s (NASDAQ:TSLA) vehicles as "absolutely top-notch products," crediting the company's technology and performance for building a loyal customer base. DeSantis Praises Tesla While Rejecting Mandates DeSantis made the comments in an exchange on X after a user responded to an earlier post about Tesla's autonomous technology. "I've always opposed EV mandates, rejected the idea that EV
Donald Trump’s state visit to China gives the US president an opportunity to distract attention from his war with Iran and troubles at home,...
May 14 (Reuters) - In China, Elon Musk has been the object of love - and occasional loathing.
Governor Gavin Newsom (D-CA) on Wednesday unveiled a new EV rebate program in the state that could provide a major boost to Tesla Inc.‘s (NASDAQ:TSLA) Semi truck sales. $1 Billion EV Rebate Newsom took to X to share the news, saying that the rebate program would take effect from June 26, where “authorized retailers will have rebates of $7,500 to $120,000.” Newsom also reaffirmed California’s stance on EVs. “While Trump forfeits American automotive leadership, we’re continuing to dominate in the
(Bloomberg) -- It’s not just US retail investors piling into any asset connected to space exploration. Europeans want in, too. Most Read from BloombergIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Lands in China for Xi Trade Summit With Iran War in LimboShares in British SpaceX supplier Filtronic Plc are up 257% in a year, while German satellite
Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk reportedly accompanied President Donald Trump on his trip to China without seeking permission from the Judge currently presiding over the OpenAI trial. Elon Musk Defies ‘Recall Order’ Amid the ongoing trial in Oakland, California, U.S. District Judge Yvonne Gonzalez Rogers placed Musk on a “recall status” order, but the billionaire failed to seek permission from the Judge before leaving, NBC News reported on Wednesday, citing anonymous sources familiar with
Elon Musk said Delta Air Lines Inc. (NYSE:DAL) passed on integrating SpaceX's Starlink internet because the carrier wanted passengers to use a branded login portal, while Starlink insisted on a seamless connection that works without one. Musk Says Delta Wanted A Portal Musk responded on X to a post by Tesla Inc. (NASDAQ:TSLA) investor Sawyer Merritt about Delta's decision, writing, "SpaceX requires that there be no annoying ‘portal' to use Starlink. Starlink WiFi must just work effortlessly ever
The supervised software trial could help Tesla move closer to broader European approval.
Ford Motor Co. has unveiled a new, wholly owned subsidiary, Ford Energy, aimed at manufacturing Energy Storage systems at its Kentucky facility, targeting the manufacturing of deployments worth 20GWh annually. Ford Energy To Commence Deliveries In 2027 The company will...
(Bloomberg) -- President Donald Trump arrived in Beijing for the first state visit to China by a US leader in nine years, as the world’s two largest economies look to stabilize ties with a summit playing out against the backdrop of the Iran war.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsNvidia’s CEO Joins Trump in China With AI in the SpotlightTrump Lands in China for Xi Trade Summi
(Bloomberg) -- President Donald Trump arrived in Beijing for the first state visit to China by a US leader in nine years, as the world’s two largest economies look to stabilize ties with a summit playing out against the backdrop of the Iran war.Most Read from BloombergAmbani’s Cola War With Coke, Pepsi Spurs Fridge Bonanza in IndiaNvidia’s CEO Joins Trump in China With AI in the SpotlightMamdani Scraps Property Tax Hike, Counts Second-Home RevenueTrump Lands in China for Xi Trade Summit With Ira
The electric vehicle company's stock has roared back. But can the automaker deliver?
Market Domination Overtime host Josh Lipton takes a look at the top stories for investors to watch on Thursday, May 15, including updates from President Trump’s meeting with Chinese President Xi Jinping, earnings reports from Viking Holdings (VIK), Klarna (KLAR), Applied Materials (AMAT), and Figma (FIG), and a check-in on the consumer as new U.S. retail sales data is released.
Eyes are on the crucial Trump-Xi summit that has kicked off in Beijing, with trade and AI high on the agenda.
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