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[ad_1] CNN  —  Three months later, President Donald Trump’s endgame for his once market-rattling tariffs was supposed to arrive tonight at midnight. But it won’t. As the clock rapidly ticked toward the long-standing July 9 end of Trump’s 90-day pause on soaring “reciprocal” tariff rates on more than 60 countries, Trump on Monday signed an executive action extending that reprieve until August 1. Despite significant progress with several trading partners, including India, Brazil, the European Union and several Asian countries, according to US officials, the global financial system has started to grapple with the reality that the deals, the details…

[ad_1] The CEO of Anysphere, the company behind the popular AI-powered coding environment Cursor, apologized Friday for a poorly communicated pricing change to its $20-per-month Pro plan. The changes resulted in some users complaining that they unexpectedly faced additional costs. “We recognize that we didn’t handle this pricing rollout well and we’re sorry,” said Anysphere CEO Michael Truell in a blog post. “Our communication was not clear enough and came as a surprise to many of you.” Truell is referring to a June 16 update to Cursor’s Pro plan. Instead of Pro users getting 500 fast responses on advanced AI…

[ad_1] Now might be a good time to pull the trigger if you’re thinking about buying an electric vehicle.President Donald Trump signed the Big Beautiful Bill into effect on Friday. That means the $7,500 tax credit established under former President Joe Biden’s EV initiative will expire on September 30.”If you’re in the market for an EV and you’re ready to commit to a new car, you should do that,” Joseph Yoon, consumer insights analyst at car shopping website Edmunds, told Business Insider.Revised rules for the $7,500 federal tax credit went into effect last year and limited the number of EVs…

[ad_1] Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldTesla shares tumbled after the electric-car maker’s chief executive Elon Musk said he would form a new political party, escalating a feud with US President Donald Trump that could imperil the billionaire’s business empire.Shares in Tesla closed 6.8 per cent lower on Monday, taking its decline to about 14 per cent over the past five weeks, as Musk has repeatedly clashed with Trump.A return to political activism is contrary to what Musk promised shareholders in late April, when he…

[ad_1] 2025-07-07T20:24:32Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Apple’s “F1: The Movie” is a box office hit, grossing $293 million globally so far. The film, starring Brad Pitt and Damson Idris, surpassed Apple’s previous highest-grossing film. Apple’s other films, despite star power, underperformed, leading to strategy changes. Apple’s highly anticipated (and highly marketed) “F1: The Movie” seems to be…

[ad_1] Some ChatGPT subscribers are reporting a new feature appearing in their drop-down list of available tools called “Study Together.” The mode is apparently the chatbot’s way of becoming a better educational tool. Rather than providing answers to prompts, some say it asks more questions and requires the human to answer, like OpenAI’s answer to Google’s LearnLM. Some also wonder whether it will have a mode where more than one human can join the chat in a study group mode. OpenAI did not respond to our request for comment but, for what it’s worth, ChatGPT told us, “OpenAI hasn’t officially…

[ad_1] President Donald Trump was nowhere near the pace of 90 deals in 90 days that his top trade advisor set as a goal, so he added more time to the clock. He also sent out a series of letters notifying the leaders of countries ranging from Japan to Kazakhstan of their new tariff rates.Trump’s notices come as the White House confirmed that the July 9 deadline for the 90-day pause will be extended to August 1.As of Monday afternoon, Trump has published on Truth Social the tariff rates for seven countries. White House press secretary Karoline Leavitt told reporters…

[ad_1] The road to market records isn’t a smooth one, and investors would do well to hold onto a few defensive names to protect their portfolios in shaky times, according to Wolfe Research The Trump administration’s announcement of steep tariffs against South Korea, Japan and five other nations rattled stocks on Monday, with the Dow Jones Industrial Average down more than 500 points and the S & P 500 off 1% at their respective lows of the session. The new duties are set to take effect on Aug. 1. Even as the broad market S & P 500 has seen…

[ad_1] Americans may need to download a new version of CapCut to keep using its video-editing tools.The app’s owner, ByteDance, has laid out plans to split US users into a new version of CapCut called “CapCut US,” according to documentation viewed by Business Insider. Setting up a US-specific app could be part of a broader plan to comply with a 2024 law that required ByteDance to separate from TikTok and its other US assets or essentially cease operating in the country.ByteDance is similarly planning to create a separate US version of TikTok, The Information reported on Sunday. The plan to…

[ad_1] In today’s high-stakes business environment, procurement is stepping into a new role—one that goes far beyond sourcing and savings.At a time when volatility is the norm, procurement leaders are being asked to do more than keep the lights on. They’re navigating macroeconomic headwinds, regulatory complexity, climate risks, and fragile supply chains. But instead of simply reacting, the most forward-thinking teams are using this moment to transform.Business Insider will explore this inflection point at a virtual event on July 30 at Noon ET, titled Resilient Growth: Navigating Procurement Complexity.Presented in partnership with Amazon Business, the panel will bring together top…