promy

  Tesla CEO Elon Musk (R) joins former U.S. President and Republican presidential candidate Donald Trump during a campaign rally at the site of his first assassination attempt in Butler, Pennsylvania, on Oct. 5, 2024. Jim Watson | Afp | Getty Images Tesla shares jumped on Monday following a report that President-elect Donald Trump’s transition team are planning to make a federal framework to regulate self-driving vehicles a top priority for the U.S. Transport Department. As of 6:11 a.m. ET, Tesla stock was up 7.98% in U.S. premarket trading after the release of the Bloomberg News report, which cited unnamed sources familiar with the matter. CNBC could not independently verify the report and has requested comment from the Trump team and from the National Highway Traffic Safety Administration, a Transportation Department unit tasked to oversee self-driving technologies. Musk was a central figure in the business world pushing for Trump’s return to the White House in the lead-up to thi...

  Republican presidential nominee and former U.S. President Donald Trump and Senator Marco Rubio (R-FL) react during a campaign event at Dorton Arena, in Raleigh, North Carolina, U.S. November 4, 2024.  Jonathan Drake | Reuters President-Elect Donald Trump’s nomination of Sen. Marco Rubio as his secretary of state, arguably the world’s most important diplomat, could change the dial when it comes to the U.S.′ relationship with both its enemies and its allies. Rubio, considered a foreign policy hawk, has been intensely critical of China and Iran, which are considered the U.S.′ top economic and geopolitical adversaries, but has also been ambivalent about ongoing support for Ukraine, echoing Trump’s stance that the war with Russia must come to an end. Serving as the vice-chair of the Senate Intelligence Committee and member of the Foreign Relations Committee, Rubio was officially tapped to be secretary of state by Trump late Wednesday as he appointed his top team for the White Hou...

  Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. Aly Song | Reuters BEIJING — Donald Trump’s 2024 presidential win has raised the bar for China’s fiscal stimulus plans, expected Friday. On the campaign trial, Trump threatened to impose additional  tariffs of 60% or more  on Chinese goods sold to the U.S. Increased  duties of at least 10%  under Trump’s first term as president did not dent America’s position as China’s largest trading partner. But new tariffs — potentially on a larger scale — would come at a pivotal time for China. The country is relying more on exports for growth as it battles with a real estate slump and tepid consumer spending. If Trump raises tariffs to 60%, that could reduce China’s exports by $200 billion, causing a 1 percentage point drag on GDP, Zhu Baoliang, a former chief economist at China’s economic planning agency, said at a Citigr...