Business – Page 16 – Techwen

What Elon Musk said about tariffs and their potential effect on Tesla

What Elon Musk said about tariffs and their potential effect on Tesla

U.S. President Donald Trump talks to the media, next to Tesla CEO Elon Musk with his son X Æ A-12, at the White House in Washington, D.C., U.S., March 11, 2025.  Kevin Lamarque | Reuters Elon Musk said on Tuesday that he doesn’t like high or unpredictable tariffs, but any decision on what happens with … Read more

FDA announces food dye ban

FDA announces food dye ban

Candy is displayed for sale, as U.S. Health and Human Services (HHS) Secretary Robert F. Kennedy, Jr., along with FDA Commissioner Marty Makary, announce the FDA’s intent to remove from the U.S. food supply “petroleum-based synthetic” food dyes, which are present in numerous foods such as breakfast cereals, candy, snacks, and beverages, at a grocery … Read more

Tesla short sellers have made $11.5 billion from this year’s selloff

Tesla short sellers have made .5 billion from this year’s selloff

It’s been a brutal year for Tesla shareholders so far, and a hugely profitable one for short sellers, who bet on a decline in the company’s stock price. Tesla shorts have generated $11.5 billion in mark-to-market profits in 2025, according to data from S3 Partners. The data reflected Monday’s closing price of $227.50, at which … Read more

US, global economic outlook worsens in the face of Trump’s tariffs, IMF says

US, global economic outlook worsens in the face of Trump’s tariffs, IMF says

WASHINGTON — The outlooks for the U.S. and global economies have significantly worsened in the wake of President Donald Trump’s tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday. The IMF said that the global economy will grow just 2.8% this year, down from its forecast in January of 3.3%, according … Read more

Fruitist berry startup worth $1 billion, backed by Ray Dalio office

Fruitist berry startup worth  billion, backed by Ray Dalio office

Sales of Fruitist’s jumbo blueberries have tripled over the last 12 months, according to the company. Source: Fruitist Berry unicorn startup Fruitist has surpassed $400 million in annual sales, thanks to the success of its long-lasting jumbo blueberries. The company, which was founded in 2012, announced on Tuesday that it is changing its name from … Read more

Amazon has paused some data center lease commitments: Wells Fargo

Amazon has paused some data center lease commitments: Wells Fargo

Amazon CEO Andy Jassy speaks at a company event in New York on Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon has delayed some commitments around new data center leases, Wells Fargo analysts said Monday, the latest sign that economic concerns may be affecting tech companies’ spending plans. A week ago, a … Read more

Tesla and Alphabet facing tariff uncertainty

Tesla and Alphabet facing tariff uncertainty

Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the inauguration of Donald J. Trump in the U.S. Capitol Rotunda in Washington, D.C., on Jan. 20, 2025. Trump takes office for his second term as the 47th president of the U.S. Julia Demaree Nikhinson | Getty Images As tech’s megacap … Read more

Chipotle to expand in Mexico amid Trump tariffs

Chipotle to expand in Mexico amid Trump tariffs

Chipotle Mexican Grill logo is seen in Manhattan, New York, United States of America, on July 6th, 2024. Beata Zawrzel | Getty Images Chipotle Mexican Grill will open its first location in Mexico early next year as the latest stage in its international expansion. The company announced Monday that it has signed a development agreement … Read more

Midwestern city has long been a federal hub. The pain from DOGE’s cuts is everywhere

Midwestern city has long been a federal hub. The pain from DOGE’s cuts is everywhere

KANSAS CITY, Mo. — In her 28 years working for the federal government, Shea Giagnorio provided day care for the children of U.S. soldiers, training for employees and oversight for safety net programs. Public service took her from Germany to Alaska to Kansas City, Missouri, where she moved last year for a long-sought promotion. But … Read more

Hertz CEO ‘encouraged’ by Ackman’s ‘significant’ stake in the company

Hertz CEO ‘encouraged’ by Ackman’s ‘significant’ stake in the company

A Hertz Tesla electric vehicle is displayed during the Hertz Corporation IPO at the Nasdaq Market site in Times Square in New York City, U.S., November 9, 2021.  Brendan Mcdermid | Reuters Hertz Global CEO Gil West is “encouraged” and “energized” by prominent investor Bill Ackman taking a “significant” position in the post-bankrupt rental car … Read more