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ΕλληνικάElon Musk’s brain implant company Neuralink raised $600 million in a deal that values the company at $9 billion before the new cash, Semafor reported on Tuesday, citing people with knowledge of the matter. The startup was estimated to be valued at $5 billion in 2023, based on privately executed stock trades described to Reuters. The company had previously raised $280 million in a funding round led by Peter Thiel’s Founders Fund. US President Donald Trump said Tuesday he welcomed the European Union, after he agreed to delay a 50% tariff on goods from the bloc until July 9.“I have just been informed that the E.U. Small-cap stocks rallied strongly during Tuesday’s broad market upswing.
US Stock Market LIVE JD.com and Alibaba drag Nasdaq down
While many analysts still count Nvidia as a top tech pick, they’re also cautious on overhangs related to China restrictions and tariffs. Sign up for CNN Business’ newsletter for the top stories you need to know. Once a high-profile player in the genetic testing industry, 23andMe has struggled in recent years, ultimately leading to the sale of its core assets to the drugmaker. Sign up for CNN Business’ nightly newsletter for the top stories you need to know. Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day.
US Stock Market LIVE: Trump’s tariff revenue has already topped $22 billion in May
The dollar advanced, making commodities priced in the currency less attractive. Oil has trended lower since mid-January as OPEC and its allies have pushed to restore idled supply faster than the market Forex trading bot had expected, just as the global trade war threatens demand. Prices have largely stabilized near $61 as traders await the next output move from the cartel, due in the coming days.
- The CBOE Apple VIX, which tracks a market estimate of future volatility for the stock, jumped more than 30% last week.
- Falling yields provided a tailwind for equities, particularly in rate-sensitive sectors.
- Tesla stock soared 7% as Elon Musk said he will devote more time to his businesses.
- Elon Musk’s brain implant company Neuralink raised $600 million in a deal that values the company at $9 billion before the new cash, Semafor reported on Tuesday, citing people with knowledge of the matter.
Elon Musk pledges to lead Tesla for five years
The Russell 2000, which tracks small-cap companies, gained 1.7% by late morning trading. This boost pushed the index’s gains to over 5% for May, although it remains about 7% lower year-to-date in 2025. Despite growing political pressure and fresh tariff threats, Morgan Stanley believes Apple is unlikely to shift its iPhone production back to the United States anytime soon. In a note to clients, the Wall Street firm reiterated its overweight rating on Apple, citing that the company’s current valuation already factors in the potential impact of a 25% import duty. A record-breaking domestic box office over Memorial Day weekend sent shares of movie theater companies higher on Tuesday.
The three indexes trimmed steeper losses that followed Trump’s comment on Friday that Apple (AAPL) must pay a 25% tariff on iPhones sold how to set a stop loss on pancakeswap but not made in the US. The tech giant has begun shifting some manufacturing to India, with China, home to its key suppliers, locked in a trade war with the US. Get the latest updates on US markets, world markets, stock quotes, crypto, commodities and currencies.
Xiaomi Corp. reported better-than-expected revenue in the March quarter as it moves to aggressively expand its presence in China’s EV market and grow its core smartphone business, according to a Bloomberg report. Revenue rose to 111.3 billion yuan ($15.5 billion), Xiaomi said in a statement Tuesday, beating the average analyst estimate of 109 billion yuan, the report added. The company recorded 75,869 deliveries of its SU7 sedan during the period. Its Internet of Things division, which sells products ranging from home appliances to wearable tech, was a strong performer with revenue growth of nearly 60% from a year earlier, the report further added.
Latest On Dow Jones Industrial Average
Stocks on Wall Street reacted positively on Tuesday after President Donald Trump said over the holiday weekend that he agreed to delay tariffs of 50% on the European Union. The Dow Jones Industrial Average traded 400 points higher, or around 1%. The Dow, S&P 500 and Nasdaq Composite all slid more than 2% as Trump’s calls for tariffs on the EU, along with Apple, concerned investors. The US stock market was shut on Monday in recognition of Memorial Day. Salesforce announced Tuesday that it’s buying cloud data management firm Informatica in an $8 billion deal to bolster the enterprise software giant’s push into artificial intelligence. “Truly autonomous, trustworthy AI agents need the most comprehensive understanding of their data,” said Steve Fisher, Salesforce president and chief technology officer, in a release announcing the deal.
The deal includes $1.5 billion in Trump Media common stock and $1 billion in convertible senior secured notes, set to close on or around May 29. US markets surged today with all major indices closing sharply higher, even as select tech giants saw notable declines. The rally was supported in part by a dip in Treasury yields, with the 10-year note falling 1.53% to 4.44%, helping ease concerns over borrowing costs. Please bear with us as we address this and restore your personalized lists. After five straight months of declines, consumer confidence rebounded in May as President Trump peeled back his most aggressive stances on tariffs.
US Stock Market LIVE: Movie theater companies jump on weekend box office
The shares included in it are weighted according to price; the index level represents the average of the shares included in it. Get the latest updates on pre-market movers, S&P 500, Nasdaq Composite and Dow Jones Industrial Average futures. President Trump’s tariffs continued to be felt by importers in May with a measure of government receipts for “Customs and Certain Excise Taxes” already topping $22.3 billion this month, according to Treasury Department data. The monthly total is likely to rise only slightly in the coming days, with importers often depositing their tariff duties largely in a single day. A massive deposit of more than $16.5 billion appeared in government coffers on May 22.
President Donald Trump cleared Nippon’s bid for US Steel on Friday, referring to the deal as a “partnership.” Trump said Nippon will invest $14 billion of investment over the next 14 months. US Steel’s headquarters will remain in Pittsburgh, the president said. Trump Media announced Tuesday a $2.5 billion raise from institutional investors to bankroll one of the largest bitcoin treasury allocations by a public company, according to a CNBC report. The S&P 500 surged on Tuesday, driven by a broad-based rally that saw over 90% of its constituent stocks trading in the green. All 11 sectors fxcm canada review of the benchmark index posted gains, signaling widespread market strength. The index climbed roughly 2%, poised to break a four-day losing streak.
- The initiative is backed by a $2.5 billion private funding round, with commitments from roughly 50 institutional investors, according to a company press release.
- Instead, an independent Wall Street Journal commission decides whether a share is to be included or excluded.
- The company had previously raised $280 million in a funding round led by Peter Thiel’s Founders Fund.
- According to CNBC US, Morgan Stanley analysts argued that the logistical and time-to-market challenges of domestic production outweigh the financial incentive of avoiding tariffs.
The latest index reading from the Conference Board was 98 in May, well above the 85.7 seen in April and the 87.1 economiss had expected. The expectations index surged off its 13-year low seen in April, reaching 72.8 May, far above the 55.4 seen the month prior. Taiwan’s president on Tuesday pledged to buy more American goods, including natural gas and oil, as the self-governing island seeks closer ties with the U.S. while threatened with a 32% tariff from the Trump administration.
The Dow Jones Industrial Average jumped 740 points, or roughly 1.8%, while the S&P 500 climbed 2.05%, ending a four-day losing streak for both indexes. The Nasdaq Composite rose 2.47%, driven by strong gains in technology stocks, including Tesla. Trump said Sunday he would postpone the tariff deadline to July 9, following a request from European Commission President Ursula von der Leyen. The delay comes after Trump proposed the steep import tax last week, originally set to take effect on June 1.
Apple stock falls 3% after Trump threatens 25% tariff on iPhones not made in the US
Citigroup said on Tuesday its Polish unit has agreed to sell its consumer banking business in the country to Velobank, as the Wall Street giant nears the end of a years-long effort to exit non-core retail banking markets. This year, the chip giant has found itself in the crosshairs of Trump’s fast-moving trade policy as well as debates in Big Tech over costly AI investments. Nevertheless, options traders expect a lower level of volatility in Nvidia’s stock after its results next week, compared with recent quarters. The president’s warnings shattered a more muted mood on Wall Street as investors wound down to the Memorial Day trading break on Monday. By signing up to newsletters, you agree to our Terms of Use and acknowledge the Privacy Policy. CNN and its affiliates may use your email address to provide updates, ads, and offers.
