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[ad_1] Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.High-frequency trading firm Tower Research Capital is planning to launch a fund for external investors as it looks to shift beyond the ultrafast strategies that have made it a big player in global stock markets.Tower’s fund will hold investment positions for hours or days at a time rather than the slivers of a second common in the industry, said people familiar with the matter. It would mark one of the first examples of a large high-speed proprietary trading shop opening a…

[ad_1] London CNN  —  Elon Musk said Wednesday that he regrets some of his recent social media posts about President Donald Trump. “I regret some of my posts about President @realDonaldTrump last week. They went too far,” Musk said in a post on X. Musk’s relationship with Trump deteriorated in a spectacular, public fashion last week as the two men traded jibes on their respective social media platforms. Until recently, Musk was Trump’s close ally in government and co-head of his administration’s Department for Government Efficiency, where the tech billionaire spearheaded mass layoffs of federal workers. But their relationship soured…

[ad_1] CNN  —  At long last, the United States has reached a trade agreement with China. Again. After a testy war of words that escalated into a tit-for-tat restriction on key exports, American and Chinese officials this week met in the United Kingdom with a singular goal: Find a way to agree to what they had agreed to a month earlier in Geneva. It appears the countries’ top trade negotiators have accomplished that. On Tuesday night, both Chinese and Trump officials said they had agreed to a framework to implement the consensus they reached in May, and the trade truce…

[ad_1] PwC is overhauling its advisory arm and hiring for thousands of roles to meet increased demand for advisory and consulting services.The Big Four firm confirmed the restructuring to Business Insider on Tuesday. PwC’s advisory arm, which previously consisted of four platforms, or advisory groups, will consist of eight under the reorganization, which takes effect July 1. Those advisory platforms are:DealsCyber Data and Tech RiskRisk & RegulatoryStrategyCommercial & Service ExcellenceBusiness & Supply Chain OperationsDigital Core ModernizationCloud, Engineering, Data and AnalyticsA spokesperson for PwC told BI the eight platforms will offer more industry-specific solutions to meet client demand. They also said…

[ad_1] Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldCryptocurrency exchange Bullish has filed for a US initial public offering as the Peter Thiel-backed group seeks to tap surging investor demand for digital assets under the Trump administration.The company confidentially filed paperwork with the Securities and Exchange Commission for an initial public offering in recent weeks, according to two people familiar with the situation. Confidential filings allow companies to progress their listing plans before publicly revealing their financials closer to pursuing a flotation. Bullish did not respond to…

[ad_1] 2025-06-11T01:19:50Z 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. The US and China reached a trade framework agreement after talks in London. The agreement follows discussions between the two presidents and talks in Geneva last month. A major focus for the US is ensuring critical mineral flows from China. The US and China have finally made progress in trade talks.Li…

[ad_1] 2025-06-11T01:12:56Z 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. The US Court of Appeals allows Trump’s tariffs to remain pending further arguments. The court will hear more arguments on July 31, keeping tariffs for at least two months. White House representatives have not commented on the court’s decision regarding tariffs. The US Court of Appeals for the Federal Circuit on…

[ad_1] Elon Musk just dropped a tentative launch date for Tesla’s highly anticipated robotaxi service, which will compete with Alphabet’s Waymo in Austin.Musk said on Tuesday evening, in response to a user on X, that Tesla will begin offering rides to the public “Tentatively, June 22.” However, he noted that it’s not a date set in stone.”We are being super paranoid about safety, so the date could shift,” Musk wrote. “First Tesla that drives itself from factory end of line all the way to a customer house is June 28.”Musk previously said that the initial rollout would include 10 to 20…

[ad_1] The release of OpenAI’s first open model in years will be delayed until later this summer, CEO Sam Altman announced in a post on X on Tuesday. Altman said the open model would be released sometime after June. “[W]e are going to take a little more time with our open-weights model, i.e. expect it later this summer but not [J]une,” he wrote. “[O]ur research team did something unexpected and quite amazing and we think it will be very very worth the wait, but needs a bit longer.” we are going to take a little more time with our open-weights…

[ad_1] Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the S & P 500 posted a third straight winning day, and what’s on the radar for the next session. Awaiting trade and CPI Stocks rose Tuesday as investors awaited news on trade talks with China and ahead of the May reading of the consumer price index, due Wednesday morning. The Nasdaq Composite gained 0.6% and is now…