Musk and OpenAI jury trial to begin in spring next year

By Anna Tong OAKLAND (Reuters) – – Billionaire Elon Musk’s lawsuit against OpenAI will go to a jury trial in spring 2026, the federal judge presiding over the case decided on Friday.  Last month, OpenAI and Musk agreed to fast-track a trial over OpenAI’s for-profit shift, the latest turn in a grudge match between the world’s richest person and OpenAI CEO Sam Altman playing out publicly in court. The judge, Yvonne Gonzalez Rogers of the U.S. District … Read more…

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Tariffs throw US, Canadian farm machinery manufacturers into turmoil

By Ed White REGINA, Saskatchewan (Reuters) – All around a recent farm show in Canada, equipment salespeople struggled to swing deals with farmers worried about tariffs. With some combines costing more than $800,000, a surprise price hike from a tariff would be a hit most farm budgets cannot easily take. Canada was spared the Trump administration’s broad global tariffs on April 2 but faces tariffs on steel and aluminum exports to the U.S. as well … Read more…

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Robots, fraught consumers star in China AI videos mocking tariffs

By Antoni Slodkowski BEIJING (Reuters) – China’s state-run media has taken to the internet with AI-generated videos, featuring dancing robots and fraught consumers, to chide U.S. President Donald Trump and tariffs they say threaten high inflation and economic distress for Americans. “‘Liberation Day’, you promised us the stars. But tariffs killed our cheap Chinese cars,” an automated female voice sings in a video on the website of China’s CGTN, a state-run English-language broadcaster, over a … Read more…

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Tariff Trouble & the Consumer – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) Last week finished on a ‘down note’, led by the Dow Jones Industrial Average, falling near 700 points. The tech heavy Nasdaq lost 2.7%, with favorite high techs and chips, including the Magnificent 7, leading the way. Negative news pushed all stocks lower, especially the latest reading of the core PCE, detailing that prices rose 0.4% month over month and 2.8% year over year, fighting the Fed’s magic mark … Read more…

Cocoa, coffee, sugar prices slide as markets remain rattled by Trump tariffs

LONDON (Reuters) – World cocoa, coffee and sugar prices slid again on Friday as markets remained rattled by U.S. president Donald Trump’s sweeping ‘Liberation Day’ tariffs, especially after China retaliated with its own tariffs on U.S. imports. Trump on Wednesday slapped a 10% tariff on most U.S. imports and much higher levies of more than 50% on some counties, prompting a world-wide sell of in stock markets as nations from Canada to China ready retaliation. … Read more…

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AI startup SandboxAQ adds Nvidia, Google as backers, raises additional $150 million

By Krystal Hu SandboxAQ, a startup drawing on quantum computing techniques to develop quantitative artificial intelligence models for enterprises, said it has raised $150 million from new investors including Google, Nvidia and BNP Paribas. The investment has increased SandboxAQ’s Series E round to $450 million, valuing the startup at $5.75 billion. With this, SandboxAQ’s total funding has reached $950 million, with T. Rowe Price Associates and Breyer Capital among backers. Participation of Google and Nvidia … Read more…

Retail investors buy stocks at largest level in 10 years, JPMorgan says

NEW YORK (Reuters) – Retail investors bought $4.7 billion in stocks on Thursday, the highest level over the past decade, JPMorgan said in a note on Friday. The historic “buy-to-dip” move by retail investors included names such as Nvidia, Amazon and S&P exchange-traded funds, but they sold Tesla. Small-cap technology was one of individuals’ favorite sector picks amid the meltdown, while institutional investors have increased their bets against the sector. The S&P 500 plunged 4.9% … Read more…

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Tesla, chips, and banks tumble as China’s retaliation stokes fears of widening trade war

By Deborah Mary Sophia (Reuters) -U.S. chip companies, banks and oil majors fell sharply on Friday after China retaliated to Trump’s tariffs with steep duties, in an intensifying trade war between the world’s two largest economies that cast a shadow on global growth. China slapped additional duties of 34% on U.S. goods, set to go into effect April 10. It also announced curbs on exports of some rare-earths and added several U.S. firms to its … Read more…

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Trump tariffs could stymie Big Tech’s US data center spending spree

By Deborah Mary Sophia (Reuters) – U.S. President Donald Trump’s sweeping reciprocal tariffs could hamstring Big Tech’s billion-dollar efforts to build artificial intelligence infrastructure in the country, likely undermining a key goal of the administration, analysts said on Thursday.  Trump and technology executives have touted lofty plans by Oracle, SoftBank and others to invest heavily in artificial intelligence since his return to the White House earlier this year. On Wednesday, Trump slapped steep duties on … Read more…

Volvo Cars’ new CEO vows to produce more cars in US

GOTHENBURG, Sweden (Reuters) -Volvo Cars’ new top executive said on Thursday the company would produce more cars in the U.S. while ramping up its regionalisation efforts, just as a 25% U.S. tariff on global autos takes effect. European companies are scrambling to find solutions as President Donald Trump’s 25% duties on foreign cars became effective and a bigger-than-expected wall of import tariffs was unveiled on Wednesday.  Volvo Cars, which made an unexpected decision on Sunday … Read more…