Author: arthursheikin@gmail.com
[ad_1] CNN — In 2011, then-President Barack Obama pressed Apple CEO Steve Jobs on what it would take to bring iPhone production to the United States, according to The New York Times. Fourteen years later, President Donald Trump is resurfacing that question to current Apple CEO Tim Cook – and the stakes are a lot higher. Trump threatened a hefty 25% tariff against Apple and other smartphone companies unless they manufacture phones sold in the US stateside. “I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of…
[ad_1] New York CNN — A divergence is taking hold in markets: While Wall Street is sending money abroad, Main Street is leaning in to America, doubling down on a “buy-the-dip” strategy that has, for now, paid off. Wall Street heavyweights continue to warn that the trade war could hurt the economy, posing a threat to markets. A Bank of America survey in April showed the largest number of global fund managers on record intending to decrease their holdings of US stocks. Seventy-three percent of respondents said they think US exceptionalism had peaked. Yet retail investors, or individuals investing their…
[ad_1] PDD Holdings, owner of budget e-commerce platform Temu, reported a steep profit decline in the latest quarter, partly due to President Donald Trump’s tariffs.The Chinese company posted a 38% profit loss in the quarter that ended on March 31, compared to the year before. Its profits in the quarter totalled 16.09 billion yuan, or $2.22 billion.PDD Holdings’ CEO, Lei Chen, said in a Tuesday earnings call that the profit decline was, first of all, due to intensifying competition in the e-commerce industry domestically in China. The company’s Pinduoduo platform, the domestic equivalent of Temu, faces tough competition from players…
[ad_1] Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldElon Musk has strongly criticised Donald Trump’s showpiece tax bill, claiming it “undermines” the work done by his government cost-cutting team, in comments that are likely to widen the rift between the billionaire and the president he bankrolled last year.In a preview of an interview with CBS Sunday Morning released late on Tuesday, the Tesla chief executive, who until recently led the so-called Department of Government Efficiency, or Doge, said he was “disappointed to see the massive spending bill,…
[ad_1] Gov. Ron DeSantis signed a bill on Tuesday that would recognize gold and silver as legal tender in the state, paving a path for Floridians to use the commodities in payment transactions.The bill, HB 999, starts the process of allowing government or private entities, such as businesses, to voluntarily accept gold and silver as a form of debt payment. The bill also outlines sales tax exemptions on the purchase of the precious metals if they meet the purity requirements or if the sale of the gold or silver exceeds $500.HB 999 is set to go into effect on July…
[ad_1] Reuters — Brazilian labor prosecutors filed a lawsuit on Tuesday against Chinese carmaker BYD, holding it responsible for human trafficking and “slavery-like conditions” for workers building a factory in its biggest market outside China. The lawsuit seeks 257 million reais ($45 million) in moral damages from BYD and two contractors, JinJiang and Tecmonta, according to the statement from the labor prosecutors’ office, along with individual compensation for workers. Prosecutors are also looking to force the companies to comply with various labor rules and seek a fine of 50,000 reais for each breach, multiplied by the number of affected workers.…
[ad_1] Global leaders have reacted to US President Donald Trump’s sweeping tariffs with a mix of criticism, concern, and calls for calm.As of May 27, there is a 10% blanket tariff on all goods imported into the United States, with limited exemptions for the auto industry and some electronics; additional tariffs on 75 countries were paused on April 9.The US agreed to reduce up to 245% in tariffs on imports from China, the manufacturing hub, down to 30% for 90 days starting from May 14.The 50% tariff on imports from the European Union that was to be imposed on June…
[ad_1] In the era of AI saturation, OpenAI’s former VP of marketing expects human taste and craft to distinguish between success and failure as businesses implement the technology.”Taste is going to become a distinguishing factor in the age of AI because there’s going to be so much drivel that is generated by AI,” said Krithika Shankarraman, a former OpenAI and Stripe employee who is currently an entrepreneur in residence at VC firm Thrive Capital, on a recent episode of Lenny’s Podcast. “That power is at anyone’s fingertips.”AI tools, in theory, make it that much easier to deploy and market a…
[ad_1] Anthropic has begun to roll out a “voice mode” for its Claude chatbot apps. The voice mode (in beta for now) allows Claude mobile app users to have “complete spoken conversations with Claude,” and will arrive in English over the next few weeks, according to Anthropic’s official account on X and updated documentation on the company’s website. At least one user on X reports having gained access to voice mode late Tuesday. By default, it’s powered by Anthropic’s Claude Sonnet 4 model. “Voice mode … enables you to speak to Claude and hear responses through voice, making it easier…
[ad_1] OpenAI is exploring ways for users to sign in to third-party apps using their ChatGPT account, the company noted on a web page published Tuesday. OpenAI is currently gauging interest from developers who might want to integrate this service into their apps. ChatGPT is quickly becoming one of the largest consumer applications in the world, now with roughly 600 million monthly active users. To capitalize on this popularity, OpenAI seems eager to try and expand into other consumer areas, such as online shopping, social media, and personal devices. A potential “Sign in with ChatGPT” feature could help OpenAI compete…