German finance minister says trade conflict must end but not at any cost
Lars Klingbeil says Europe wants a fair deal with the US over trade tensions, including Trump’s proposed 30% tariff on EU imports
U.S. sets 93.5% anti-dumping duty on Chinese graphite used in EV batteries
The duties cover imports valued at $347.1 million in 2023
Brazilian President calls U.S. tariff blackmail, says no foreigner gives orders
Lula says Brazil will move ahead with plans to regulate and tax U.S. tech companies
Foreign holdings of U.S. Treasuries rise to $9.045 trillion in May
Japan remains the top holder at $1.135 trillion, while China cuts its holdings to $756.3 billion, the lowest since 2009
New ChatGPT agent can book, search, and plan across apps
The agent uses a virtual computer and can work with tools that browse the web and access user-connected apps like Gmail and GitHub
Google’s robotaxi Waymo expands Austin service area to 90 square miles
Tesla continues to face challenges in scaling the service and navigating regulatory issues
Musk gets more time to respond to U.S. SEC lawsuit over Twitter stake
SEC says Musk delayed 11 days in disclosing 5% Twitter stake, letting him buy over $500 million in shares at lower prices
Uber to invest $300 million in U.S. automaker Lucid to launch robotaxi service
Lucid to provide 20,000 gravity SUVs equipped with Nuro self-driving tech for Uber’s U.S. robotaxi fleet
U.S. import prices edge up 0.1% in June
In the 12 months through June, import prices fell 0.2%, matching May's decrease
Trump Jr.-backed firearm company sees 22% stock decline post-listing
Trump Jr., who owns 300,000 shares and holds a board seat, promotes the gun retailer as part of a broader push into political business ventures
U.S. government eases remote work rules for religious holidays
Office of Personnel Management advises agencies to adopt a flexible approach toward remote work during religious holidays
Zuckerberg and Meta board reach $8 billion settlement over data privacy
Meta states on its website that it has spent billions of dollars since 2019 to improve user privacy
PepsiCo beats earnings estimates with strong global demand
PepsiCo says it would rebrand Lay’s and Tostitos with no artificial colours or flavours by the end of the year
Gulf markets mostly rise on earnings boost, but Saudi index heads for eighth straight loss
Dubai hits 17-year high as Emirates NBD and Air Arabia rally; Saudi stocks drag amid banking, Aramco declines
Substack raises $100 million in Series C round, hits $1.1 billion valuation
Newsletter platform backed by Bond, Chernin Group, and Andreessen Horowitz as paid subscriptions surpass 5 million