WASHINGTON (AP) — President Donald Trump declared a national emergency to slap import taxes — tariffs — on almost every country on earth. The president is now facing at least seven lawsuits that argue he’s gone too far, and asserted power he does not have. The first of the legal challenges went to court Tuesday…… MORE
NEW YORK (AP) — Federal safety regulators have asked Elon Musk’s car company to explain how its driverless taxis will avoid causing accidents when they hit the road in Texas next month before a national “robo taxi” launch that is key to keeping Tesla’s stock price aloft. The National Highway Traffic Safety Administration told Tesla…… MORE
UnitedHealth Group CEO Andrew Witty is stepping down from his post for personal reasons and the health care giant says it’s suspending its full-year forecast due to higher-than-expected medical costs. UnitedHealth said Tuesday that Stephen Hemsley will become CEO, effective immediately. Hemsley served as company CEO from 2006 to 2017. He will remain chairman of…… MORE
U.S. chip maker Nvidia will partner with Saudi Arabia’s sovereign wealth fund-owned AI startup Humain and will ship 18,000 chips to the Middle Eastern nation to help power a new data center project. The partnership was revealed Tuesday as part of a White House trip to Saudi Arabia, Qatar and the United Arab Emirates. Saudi…… MORE
NEW YORK (AP) — U.S. stocks rose following an encouraging report that showed inflation unexpectedly slowed across the country last month. The S&P 500 climbed 0.7% Tuesday and erased its loss for the year so far. The Dow Jones Industrial Average fell 0.6%, and the Nasdaq composite rose 1.6% as AI and other tech stocks…… MORE