The Tesla Shock Nobody Sees Coming

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

Business News Digest

The Associated Press
June 04, 2025

AP Business Digest

Here are the AP's top business stories that have moved or are planned to move today. All times U.S. Eastern. For up-to-the minute information on AP's coverage, visit AP Newsroom's Coverage Plan.

--------------------

UPCOMING

--------------------

FRANCE OECD MEETING

DESCRIPTION: OECD Trade ministers' hold day two of their summit at the OECD in Paris in the wake the latest figures showing global growth will be hit hard due to US Tariffs and the uncertainties they've wrought.

UPCOMING: By 06/04/2025 11:21 a.m. EDT, Text, Video, Photo

___

--------------------

NEW AND DEVELOPING

--------------------

FINANCIAL MARKETS

Wall Street's rally eases off the accelerator following discouraging updates on the economy

SUMMARY: Wall Street's big rally is losing some momentum following potentially discouraging updates on the U.S. economy. The S&P 500 was edging up by 0.1% Wednesday after it had rallied back within 2.8% of its all-time high the prior day. The Dow Jones Industrial Average added 33 points, and the Nasdaq composite rose 0.1%. The action was stronger in the bond market. Treasury yields fell as traders upped expectations for cuts to interest rates by the Federal Reserve following weaker-than-expected reports on activity for U.S. services businesses and on the U.S .job market. Stocks rose across Europe and Asia.

WORDS: 900 - MOVED: 06/04/2025 10:26 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:cfaa9c8adc0658ae9a2759c56dc2bde2&mediaType=text

___

US--STEEL-ALUMINUM TARIFFS EXPLAINER

Trump's promised steel and aluminum tariffs go into effect

SUMMARY: U.S. President Donald Trump hiked nearly all of his tariffs on steel and aluminum imports to a punishing 50% on Wednesday in a move that's set to hammer businesses from automakers to home builders, and likely push up prices for consumers even further. Foreign-made steel and aluminum is used in household products like soup cans and paper clips, as well as big-ticket items like a stainless-steel refrigerators and cars. Economists warn that such heightened levies could significantly squeeze the wallets of both companies and shoppers alike. But Trump argues that his latest import taxes are necessary to protect U.S. industries.

WORDS: 1354 - MOVED: 06/04/2025 10:26 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:240dbc3823ecd66d3dd05a66883f9277&mediaType=text

___

EU--CZECH-NUCLEAR

Czechs sign a deal with South Korea to build nuclear reactors after a court clears the way

SUMMARY: The Czech government has signed a deal with the state-run South Korea's KHNP power utility to build at least two nuclear reactors in the country. The contract between the dominant power company CEZ and KHNP was signed on Wednesday just a few hours after an appeals court dismissed a lower court ruling that blocked the government from signing the contract. The Czech state has a majority stake in CEZ. KHNP won a lucrative public tender last year. It beat a competing bid from France's EDF. The two new reactors are part of Czech efforts to wean the country off fossil fuels.

WORDS: 379 - MOVED: 06/04/2025 9:15 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:3e411cd3693ee4f0c4ecf4fe1d0f799f&mediaType=text

___

US--CALIFORNIA WILDFIRES-CLEAN ENERGY

Napa Valley town that once rode out emergencies with diesel gets a clean-power backup

SUMMARY: When the threat of wildfires has forced power to be cut in the tourist town of Calistoga, California, on the edge of Napa Valley, it's meant firing up a bank of noisy, polluting diesel generators. But no longer. Calistoga is about to finish installing a first-of-its-kind system that combines hydrogen fuel cells and batteries for backup power. Experts say the technology has potential beyond simply delivering clean backup power in emergencies. They say it's a steppingstone to supporting the electric grid any day of the year. As the system was undergoing its final tests recently, some residents of Calistoga said they were excited to have a clean and reliable energy solution that doesn't rely on fossil fuels.

WORDS: 1072 - MOVED: 06/04/2025 9:03 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:2949e405ac9ce5e52eff835d2fbd4c10&mediaType=text

___

EURO MEMBERSHIP-BULGARIA

The euro is about to get a new member, Bulgaria. What's the eurozone and how do countries join?

SUMMARY: Bulgaria has the green light to join the euro next year and become the 21st member of the European Union's currency union. The European Commission and European Central Bank say the Balkan country of 6.4 million people has checked all the boxes by keeping inflation, deficits and debt under control. Here's how joining the euro works.

WORDS: 1095 - MOVED: 06/04/2025 8:10 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:aa7941f156d49b9554c5e7ee6c05b56f&mediaType=text

___

AS--VIETNAM-POPULATION

Vietnam scraps 2-child policy as aging threatens economic growth

SUMMARY: Vietnam has scrapped its long-standing two-child policy as birth rates fall and its population ages. Lawmakers approved changes Tuesday that now let couples decide how many children to have. The country's birth rate dropped from 2.11 children per woman in 2021 to 1.91 in 2024 -- below the level needed to maintain population size. Officials warn that a shrinking, aging population could lead to labor shortages, slower economic growth and rising welfare costs in the years ahead.

WORDS: 507 - MOVED: 06/04/2025 7:39 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:bdcf2b08404d5fcada05d4f3ccc6fa5e&mediaType=text

___

EUROPE-US-TARIFFS

US and Europe trade negotiators discuss tariffs in Paris

SUMMARY: Europe and the United States are meeting in Paris to negotiate a settlement of a tense tariff spat with global economic ramifications between two global economic powerhouses. European Union top trade negotiator Maro? ?ef?ovi? met Wednesday with U.S. Trade Representative Jamieson Greer on the sidelines of a meeting of the Organization for Economic Cooperation and Development. ?ef?ovi? says in a post on X that the sides are "advancing in the right direction at pace" and staying in close contact. Brussels and Washington are unlikely to reach a substantive trade agreement in Paris. The issues dividing them are too difficult to resolve quickly.

WORDS: 664 - MOVED: 06/04/2025 7:23 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:b03672b645df0d63765484391a3d2631&mediaType=text

___

US--POP MART-LABUBU

Part toy, part fashion, the arrival of the viral Labubu was a long time in the making

SUMMARY: Labubu, the plush toy from China's Pop Mart is a social media darling, but the toothy little monsters are not an overnight success. Having appeared a decade ago in books, Labubus are now looking to cement themselves in the collectible toy market for years to come. Labubu has been a bonanza for Pop Mart. Its revenue more than doubled in 2024 to 13.04 billion yuan ($1.81 billion), thanks in part to its elvish monster. Revenue from Pop Mart's plush toys soared more than 1,200% in 2024, nearly 22% of its overall revenue, according to the company's annual report.

WORDS: 782 - MOVED: 06/04/2025 6:59 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:2de46ecf0b2101a16ef6df4e46f4bc48&mediaType=text

___

BEHIND THE WHEEL: MAVERICK V SANTA CRUZ

Which compact pickup is better? Edmunds compares the Ford Maverick and Hyundai Santa Cruz

SUMMARY: A decade ago, the midsize truck market clung to life. Today the rejuvenated segment offers a half-dozen models and has even spun off a burgeoning compact pickup class led by the Ford Maverick and Hyundai Santa Cruz. The Maverick offers impressive towing and hauling capability, and even a fuel-efficient hybrid version, while the Santa Cruz offers a nicer interior, more comfortable ride and even higher towing limits. Each offers different strengths, and the best choice depends on what you expect from a truck.

WORDS: 845 - MOVED: 06/04/2025 6:33 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:41edee0d63f258862caae29dc9f63813&mediaType=text

___

EU--GERMANY-ECONOMY

Germany's new government launches a program to encourage investment and boost the economy

SUMMARY: Germany's new government has launched a package of tax breaks and eventual tax cuts for companies. It is moving to encourage investment as it tries to give new momentum to an economy that has shrunk for the past two years and is expected to stagnate this year. Chancellor Friedrich Merz's Cabinet on Wednesday approved the so-called growth booster program. It must still be passed by lawmakers. The program's central component is a hefty tax write-off on investments in machinery and other equipment over the next three years. That would be followed by a gradual reduction of the corporate tax rate from 15% to 10% between 2028 and 2032.

WORDS: 233 - MOVED: 06/04/2025 6:22 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:648aceb18b7c6c2bfa0a90f66a21a24c&mediaType=text

___

EU--RUSSIA-UKRAINE-WAR-SUPPORT

Ukraine's backers meet to drum up arms and ammo. The Pentagon chief is absent for the first time

SUMMARY: Ukraine's Western backers are gathering to drum up more weapons and ammunition for the country's efforts to repel Russia's all-out war. But the Pentagon chief will be absent for the first time since the group organizing military aid for Ukraine was set up three years ago. Wednesday's Ukraine Defense Contact Group meeting at NATO headquarters is being chaired by the U.K. and Germany. U.S. Defense Secretary Pete Hegseth would only arrive in Brussels after it's over. His absence is the latest in a series of steps that the U.S. has taken to distance itself from Ukraine's war efforts. The U.K. said before the meeting that it plans a tenfold increase in drone production to help Ukraine.

WORDS: 341 - MOVED: 06/04/2025 5:07 a.m. EDT

https://newsroom.ap.org/home/search?query=itemid:3323b6a9378d6e52fe8c90531de37837&mediaType=text

___

Continue Reading...

Popular

Cargo ship carrying new vehicles to Mexico sinks in the North Pacific weeks after catching fire

ANCHORAGE, Alaska (AP) — A cargo ship that had been delivering new vehicles to Mexico sank in the North Pacific Ocean, weeks after crew members abandoned ship when they couldn’t extinguish an onboard fire that left the carrier dead in the water.

Trump's 'Numbskull' Insult Comes Back To Bite—In Record Time

Oil prices surged after Israel's airstrikes on Iran, reigniting inflation fears and complicating Trump's push for rate cuts. Powell's caution now seems more justified.

The Missing Ingredient for Big Tech's $3T Recipe? - Ad

Big Tech doesn't build everything; they buy what's next. And only Emteq's tech offers real behavior insights for smart glasses, key to unlocking the $3T XR market. Their patented sensors track live facial muscle movements. With health-focused smart glasses in demand, only Emteq has this tech.

JPMorgan, Bank of America, and TD Bank Warn of Data Breaches Impacting Customer Information, Is Your Account Safe?

Several customers' critical information has been compromised, leading to data breach alerts issued by JPMorgan Chase, Bank of America, and TD Bank.

Mystery Seller Behind $105 Million Plot Next to Jeff Bezos Estate Finally Revealed

A plot of land neighboring Jeff Bezos' property in Miami was sold for a staggering $105 million. The undeveloped lot was sold by German investor Mikhail Peleg.

If You Missed Tesla, Here's Your "Second Chance"... - Ad

If you missed your shot at turning $1,000 into more than $18,000 when I recommended Tesla, you'll want to pay close attention. I'm 100% convinced Elon's "Agenda X" could make early investors rich. But you need to hurry, because Elon and Visa are moments away from launching.

Benzinga Bulls And Bears: Eli Lilly, Okto, McDonalds — And Israel-Iran Conflict Sparks Oil Surge

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

How High Will Gold Surge? - Ad

Gold is on fire - hitting $3,500 and outpacing stocks, tech, even Bitcoin. Analyst Sean Brodrick called it, and now he's forecasting a surge to $6,900. But the biggest opportunity isn't bullion. It's a little-known investment that's returned up to 1,000x more than physical gold.

These are the celebs who are attending Jeff Bezos’ Venice wedding

VENICE, Italy (AP) — arrived in Venice on Thursday, leading a star-studded guest list of celebrities descending on the lagoon city for the weekend wedding of Amazon founder Jeff Bezos and Lauren Sánchez.

Tried and tested in war: For European drone manufacturers, Ukraine is the place to be

LE BOURGET, France (AP) — About once a month, French manufacturer Henri Seydoux makes what has become a necessary pilgrimage for many in his business — he goes to .

Crypto Genius: This Could Crush Bitcoin in 2025 - Ad

On June 30th, two powerful "Wealth Drivers" ignite what could be a 2025 super bull run-backed by Trump. One investmentThe altcoin market as a whole has already soared 132,721% over the past ten years and could surge again. A $900 stake could turn into $108K over 12 months. This is The Great Gain of 2025.

Iran's internet blackout leaves public in dark and creates an uneven picture of the war with Israel

DUBAI, United Arab Emirates (AP) — As hits the one-week mark, Iranians have spent nearly half of the conflict in a near-communication blackout, unable to connect not only with the outside world but also with their neighbors and loved ones across the country.

Sig Sauer, faced with lawsuits over a popular pistol, gets protection in New Hampshire

CONCORD, N.H. (AP) — Faced with mounting lawsuits over a popular pistol, New Hampshire-based Sig Sauer asked for — and got — protection in the form of a new state law that makes it harder to .

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Death toll in Indian plane crash climbs to 270 as search teams find more bodies

AHMEDABAD, India (AP) — Search and recovery teams continued scouring the site of one of India’s worst aviation disasters for a third day after the Air India flight fell from the sky and killed at least 270 people in Gujarat state, officials said Saturday.

Jack Ma Says You Need A Good Boss Before 30, But Once You Turn 50 You Need To Take A Different Approach To Life: Here's What The Alibaba-Founder Meant

Jack Ma shared a life roadmap urging people to embrace mistakes in their 20s, focus on strengths in midlife, and empower the next generation after 50—all while reflecting on the personal costs of success.

A 64% Dividend From Gold? - Ad

Gold is soaring. But here's what no one's talking about: a way to earn a 64% dividend-paid in real cash every 30 days. No trading. No risky mining stocks. Just one simple move in your brokerage account... and you could start collecting monthly income almost instantly.

What's Going On With Carvana Shares Today?

Carvana Inc. (NYSE: CVNA) shares are trading lower Friday following a wave of bearish options activity and a significant insider sale.

You Voted for Trump. You Didn't Vote for This... - Ad

Markets in chaos-stocks wiped out, tariffs from the 1930s, agencies collapsing. But it's not random: Trump's "GREAT RESET" is a four-year plan to reset markets, risking $10T in value. Discover if your retirement is in danger and learn the one trade that could turn $1,000 into $29,000 by the end of 2026.

Trump Knows Exactly What He's Doing - Ad

Trump's comments aren't random - they're calculated triggers that move markets. I've tracked a pattern in how he signals key shifts... and it's helped me pinpoint tickers I believe could double. His next move? July 30. And it could spark his biggest market wave yet.

London-bound Air India flight with more than 240 aboard crashes after takeoff from Ahmedabad, India

AHMEDABAD, India (AP) — Ahmedabad’s city police commissioner says there don’t appear to have been any survivors from an Air India airliner that crashed, and that there are likely also casualties from the area of the city where it went down.

Rocket Lab's Next Launch In 4 Days — Is RKLB Ready For Liftoff?

Rocket Lab has a liftoff scheduled in four days, and investors are watching closely to see if the stock is ready to follow suit.

The No. 1 Gold play right now (not a miner, ETF, or bullion) - Ad

World Gold Council reports: "No sign" of this catalyst slowing A whopping 73% of Americans report they're "financially stressed." Over 2.2 million Americans saw their credit score fall 100 points from late payments. And everything from Red Lobster to Walmart to CVS is closing stores. What happens next will be even worse, but could hand savvy gold investors huge gains. There IS a right way to buy gold.

Regional carrier Silver Airways says it's shutting down operations

HOLLYWOOD, Fla. (AP) — Regional carrier Silver Airways announced Wednesday it is shutting down operations after a failed attempt at restructuring through bankruptcy, leaving some passengers stranded at airports in Florida, the Bahamas and the Caribbean.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

Elon Musk's X to Shake Up Financial Media With Reality TV Show

X is set to disrupt the financial media landscape with a reality TV show that allows viewers to invest in promising startups.

Long Island's last duck farm is quacking again after losing its entire flock to the bird flu

AQUEBOGUE, N.Y. (AP) — Doug Corwin knew there was a problem at his family’s commercial duck farm in Long Island when he spotted scores of dead or lethargic birds during a barn inspection in January.

The Missing Ingredient for Big Tech's $3T Recipe? - Ad

Big Tech doesn't build everything; they buy what's next. And only Emteq's tech offers real behavior insights for smart glasses, key to unlocking the $3T XR market. Their patented sensors track live facial muscle movements. With health-focused smart glasses in demand, only Emteq has this tech.

North Korea plans to send military construction workers and deminers to Russia

SEOUL, South Korea (AP) — North Korea will send thousands of military construction workers and deminers to support reconstruction work in Russia’s Kursk region, a top Russian official said Tuesday, the latest sign of between the two nations.

If You Missed Tesla, Here's Your "Second Chance"... - Ad

If you missed your shot at turning $1,000 into more than $18,000 when I recommended Tesla, you'll want to pay close attention. I'm 100% convinced Elon's "Agenda X" could make early investors rich. But you need to hurry, because Elon and Visa are moments away from launching.

Nvidia chief calls AI ‘the greatest equalizer’ — but warns Europe risks falling behind

PARIS (AP) — Will save humanity — or destroy it? Lift up the world’s poorest — or tighten the grip of a tech elite?

Coinbase adds former top Obama and Harris adviser Plouffe as it broadens its political reach

WASHINGTON (AP) — A senior adviser to Kamala Harris’ 2024 presidential campaign is joining Coinbase’s global advisory council, which already includes several former U.S. senators and Donald Trump’s ex-campaign manager, as broadens its political reach.

How High Will Gold Surge? - Ad

Gold is on fire - hitting $3,500 and outpacing stocks, tech, even Bitcoin. Analyst Sean Brodrick called it, and now he's forecasting a surge to $6,900. But the biggest opportunity isn't bullion. It's a little-known investment that's returned up to 1,000x more than physical gold.

Utila Integrates Chorus One For Institutional Staking On Ethereum, Solana

Utila, a digital asset operations platform catering to institutional users, has integrated staking support for Chorus One, enabling access to staking services across several major Proof-of-Stake (PoS) networks directly from within its platform.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service