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Treasury Secretary Scott Bessent expressed confidence Wednesday that the U.S. economy can get back on the path to 3% growth as the Iran war nears conclusion.”We can have something with a three in front of it this year,” Bessent said in a live interview on CNBC’s “Squawk Box.” “The underlying economy has been strong.”Growth, however, has been slow over the past two quarters as the domestic economy has battled a number of factors including a resurgence in inflation, what had been a moderating labor market and the impact of President Donald Trump’s tariffs.Gross domestic product rose at a 1.6% annualized…
SK Hynix targets $29 billion US listing as AI demand surges Source link
LOS ANGELES — Electric vehicle startup Slate Auto expects to defy challenging market conditions and avoid the losses its peers have seen by profitably selling a highly customizable EV that starts at just under $25,000.Slate CEO Peter Faricy said every vehicle produced by the Michigan-based EV startup — which is backed by Amazon founder Jeff Bezos and Los Angeles Dodgers controlling owner Mark Walter — will be gross margin positive. That will lead the company to positive free cash flow and earnings before taxes, depreciation, and amortization by 2027, he said.”It’s an ambitious goal,” Faricy told CNBC during an interview…
Keir Starmer is set to face his first Prime Minister’s Questions since he announced his resignation as Labour leader. Source link
A tourist protects herself from the sun under an umbrella in front of the Louvre Pyramid, designed by Chinese-US architect Ieoh Ming Pei in Paris on June 23, 2026, as France experiences a heatwave.Dimitar Dilkoff | Afp | Getty ImagesA record-breaking European heat wave has caused a major power outage in France, as several countries issue red alerts across large swaths of their territory.A heat-related incident left around 68,000 homes without electricity in western France, according to the prefecture in the coastal department of Finistere.The outage, which started on Tuesday evening and was related to a transformer in the town…
President Donald Trump said Wednesday that Iran had informed him there would be no tolls, insurance costs, or charges of any kind for ships looking to pass through the Strait of Hormuz.”Additionally, no money has been given to Iran, or released from their money to them, by the U.S. We will be releasing some of their money, that is totally controlled by us, to our Farmers and Ranchers, for the purchase of Corn, Wheat, Soybeans, and more,” the president said in a post on Truth Social. “Food is desperately needed in Iran, and we will be purchasing it for them…
Absci stock surges 24% on positive Phase 1 hair loss drug data Source link
Chris Wright, US energy secretary, Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., and Howard Lutnick, US commerce secretary, take a photo with workers and local leaders following a news conference at the Portsmouth Site in Piketon, Ohio, US, on Friday, March 20, 2026. SoftBank Group Corp. is working to deliver a data center-focused infrastructure project in Ohio so massive that Chief Executive Officer Masayoshi Son said it would channel $500 billion into a single campus.Brian Kaiser | Bloomberg | Getty ImagesThe House of Representatives on Wednesday will begin consideration of a bill to force tech companies…
BlackBerry – maker of the eponymous mobile phones that dominated the early 2000s – has gotten a new life as a critical software supplier for artificial intelligence-linked applications, priming its stock to gain even more ground, according to Stifel. The investment firm initiated coverage of BlackBerry with a buy rating. It also put a $12 price target on shares, implying 36% from Tuesday’s close. “The market still misdefines BlackBerry,” analyst Suthan Sukumar said Tuesday in a note to clients. “This is … a mission-critical software layer in the physical AI stack and a dominant partner to silicon leaders like NVIDIA,…
Why is Sharp stock surging today? Source link