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06/06/2025
Walmart is cutting jobs at some stores in Florida.
Latest
2 m ago
In response to Trump's threat to cancel the contract, Musk said they will immediately retire the "Dragon" spacecraft.
3 m ago
The long-standing conflict between Musk and Trump has escalated into a public war of words, causing Tesla's stock price to experience its largest drop in over four years. Trump expressed his disappointment on Thursday at the Tesla CEO's criticism of his landmark tax reform bill. Musk retaliated multiple times on social media, with one post stating "Trump would lose the election without me." Trump later proposed terminating federal contracts and subsidies with Musk's company, claiming it was his previous request for Musk to leave his government. Musk referred to this as a "lie." As the feud continues to escalate, Tesla's stock price dropped by 18% at one point, marking the largest intraday drop since September 2020. This caused the market value of the automaker to shrink by more than $180 billion.
3 m ago
On Thursday (June 5), the Magnificent 7 index of US technology stocks fell by 1.14% to 162.02 points. Tesla fell by 14.27%, hitting its worst single-day performance since March 10, closing at $284.68, approaching the closing price of $276.22 on May 7, and dropping to $273.21 at one point, nearing the bottom of $271 on May 7 and $259.63 on April 25. Nvidia fell by 1.36%, Apple fell by 1.08%, Meta Platforms fell by 0.48%, while Google A rose by 0.1%, Amazon rose by 0.33%, and Microsoft rose by 0.82%. In terms of market value, Microsoft is currently at $3.48 trillion, Nvidia at $3.42 trillion, Apple at $3 trillion, and Amazon and Google A at over $2 trillion.
3 m ago
US stock market seven giants closing report | Tesla fell more than 14%, Nvidia and Apple fell more than 1%
5 m ago
Market news: Speaker of the House Johnson went to the White House today.
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