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[ad_1] CNN  —  This is a crucial year for Tesla. Just ask Elon Musk. In January, he described 2025 as “maybe the most important” in the company’s history, with the admittedly ambitious goals of releasing its long-promised robotaxi service and humanoid robots. But Musk’s attention was monopolized by a high-profile role in the Trump administration as problems at Tesla began to mount. Even after stepping very far away from that role, Musk remains focused on a wide range of activities outside of Tesla, including starting a third political party and trying to fix problems at X, his social media platform.…

[ad_1] Prada is rethinking how it’s selling its new leather sandals after facing backlash on social media. An Indian state commerce department said in a Saturday statement that the Italian fashion brand has agreed to collaborate with Indian artisans to create a “Made in India” collection.This comes after Prada debuted flat-soled leather sandals, with a thin strap connecting the toe ring to the central belt, on June 22 at its 2026 spring/summer menswear show in Milan.The sandals bore a striking resemblance to the Kolhapuri chappal, a style of handcrafted leather sandal made in India’s Kolhapur city, in the central state…

[ad_1] CNN  —  Elmo’s X account was hacked on Sunday, causing the beloved “Sesame Street” character to appear to post expletive-filled antisemitic rants and anti-Trump statements. The posts have since been deleted, but widely circulated screenshots show Elmo apparently calling for violence against Jews and calling for the release of files related to the Jeffrey Epstein case. “Elmo’s X account was compromised by an unknown hacker who posted disgusting messages, including antisemitic and racist posts,” a spokesperson for Sesame Workshop, the makers of “Sesame Street,” told CNN in a statement. “We are working to restore full control of the account.”…

[ad_1] London CNN  —  The European Union has warned that its trade with the United States could be effectively wiped out if Washington makes good on its threat to slap a 30% tariff on goods imported from the bloc. A tariff of “30%, or anything above 30%… has more or less the same effect. So, practically it prohibits the trade,” Maroš Šefčovič, the EU’s trade commissioner, said as he arrived ahead of an EU ministerial meeting in Brussels on Monday. Šefčovič said it will “be almost impossible” for the bloc to continue its current level of trade with America if…

[ad_1] CNN  —  With the rising popularity of streaming services and increasing costs of attending a movie — from tickets to refreshments — movie theater attendance has suffered. AMC is trying to change that with 50% ticket discounts on Tuesdays, the most popular moviegoing day, as well as on Wednesdays. AMC CEO Adam Aron cited “overwhelmingly positive guest response” for expanding the 50% discount to Tuesday tickets in a press release. “A lot of theaters have seen the positive impact of instituting a weekly discount day. And right now, it’s very telling to see the No. 1 chain in the…

[ad_1] Stay informed with free updatesSimply sign up to the Pensions myFT Digest — delivered directly to your inbox.After decades during which pensions in many parts of the world have been de-risked — spurred by scandal, accounting changes and other policy tweaks — the pendulum is fast swinging the other way. In many instances that may be appropriate. In others it may be open to abuse.Consider the case of Italy’s sales rep pension scheme Enasarco, which was revealed last week to have allocated 67 per cent of its entire European equities portfolio to one stock, Mediobanca. That group is at…

[ad_1] CNN  —  In the days after Zohran Mamdani won the Democratic primary for mayor of New York City last month, Jay Batra, a real estate broker in the city, felt his business take a hit. Two separate clients working with Batra to buy multimillion dollar properties in Manhattan told Batra they were putting their plans on pause, citing wariness about New York’s political environment, he told CNN. “A lot of the affluent clientele and luxury buyers have become a little more cautious in their approach,” Batra said. “The more traction (Mamdani) gained, it went from a little concern to…

[ad_1] Bitcoin crossed the $120,000 level for the first time on Monday, marking a milestone for the world’s largest cryptocurrency as investors bet on long-sought policy wins for the industry this week. Bitcoin scaled a record high of $122,571, before pulling back slightly to last trade 2.4% higher at $121,953. Later in the day, the US House of Representatives will debate a series of bills to provide the digital asset industry with the nation’s regulatory framework it has long demanded. Those demands have resonated with US President Donald Trump, who has called himself the “crypto president” and urged policymakers to…

[ad_1] Elon Musk, Tesla’s CEO, said the EV giant will ask its shareholders to vote on investing in his AI company, xAI.Musk was responding to an X user with the handle “TSLA4orphans,” who said on Sunday that it would be unfair for Tesla retail investors if the company isn’t allowed to invest in xAI.”It’s not up to me. If it was up to me, Tesla would have invested in xAI long ago,” Musk wrote on X on Sunday night.”We will have a shareholder vote on the matter,” Musk added, though he did not specify when exactly the vote would occur.Tesla…

[ad_1] Stay informed with free updatesSimply sign up to the US banks myFT Digest — delivered directly to your inbox.Investment banking is on course to extend a record streak of underperformance, supplying less than a quarter of Wall Street revenues at the biggest US banks for the 14th quarter in a row. Traders are due to come to the rescue of their advisory colleagues once again when the banks report second-quarter results next week, with total trading revenues at the five largest Wall Street banks forecast to be $31bn — more than three times the figure for investment banking. Analysts…