Tesla Inc. $TSLA is making a pivotal move in its long-promised autonomous vehicle strategy, launching a limited, paid robotaxi service in Austin, Texas. The rollout, set for Sunday, June 23, marks the first tangible test of Elon Musk’s vision for a self-driving future — one in which Tesla vehicles operate entirely without human drivers.
A U.S. Senate panel has proposed a significant amendment to the federal 45Q carbon capture tax credit, aiming to equalize incentives for carbon dioxide used in enhanced oil recovery (EOR) and permanent carbon sequestration. If enacted, the measure would raise the tax credit for EOR to $85 per metric ton, matching the credit already granted for geologic storage, and potentially shifting investment dynamics in the oil, gas, and carbon capture sectors.
The sudden departure of Luca de Meo as CEO of Renault $RNO.PA has sent shockwaves through financial markets, prompting a sharp drop in the automaker’s stock and igniting speculation about the group’s future leadership and strategic direction. De Meo, credited with spearheading the company’s turnaround efforts under the "Renaulution" plan, will assume the CEO position at Kering $KER.PA, the French luxury conglomerate. His exit marks a pivotal transition point for Renault as it navigates complex challenges in electrification, software-defined vehicles, and geopolitical supply chain risks.
Zhejiang Sanhua Intelligent Controls Co. Ltd. $002050.SZ, a leading mainland Chinese supplier of energy-efficient heating and cooling systems, has announced its intention to raise up to HK$8.12 billion ($1.03 billion) through a Hong Kong Stock Exchange (HKEX) listing. The move comes amid a broader rally in Asia-Pacific capital markets and increasing investor demand for sustainable industrial technologies.
The U.S. dollar (USD) has fallen to its weakest level in three years, driven by a confluence of shifting trade policy, heightened market uncertainty, and escalating expectations of Federal Reserve interest rate cuts. The U.S. Dollar Index (DXY) has dropped nearly 10% year-to-date, underscoring a broad retreat from the greenback amid weakening investor confidence in U.S. monetary and fiscal direction.
On Tuesday, major U.S. stock indexes closed in positive territory, driven by a surge in semiconductor stocks, particularly Nvidia $NVDA , as market participants anticipated potential clarity on U.S. trade policies. The backdrop for the rally included renewed expectations of dialogue between the United States and key trading partners regarding prospective tariff measures.
Ford Motor Co. $F has initiated a recall of 29,501 units of its 2024–2025 F-150 Lightning BEV (Battery Electric Vehicle) in the United States. According to a notice published Saturday by the National Highway Traffic Safety Administration (NHTSA), the recall is linked to a potential steering control arm disconnection issue, which could cause loss of steering and significantly increase the risk of a crash.
Robinhood Markets Inc. $HOOD, the U.S.-based online brokerage known for revolutionizing retail investing, announced on Wednesday the extension of its advanced desktop trading platform to the United Kingdom. This move aims to provide UK retail investors with more sophisticated trading tools, following the initial launch of the desktop version in the U.S. market earlier this year. The expansion reflects Robinhood’s ambition to strengthen its international presence and respond to evolving investor demands amid increased global market participation.
Global governments are confronting an escalating challenge of managing surging public debt levels, as rising interest rates increase the cost of borrowing and threaten fiscal sustainability. Agustin Carstens, General Manager of the Bank for International Settlements (BIS), emphasized on Tuesday the critical need for countries worldwide to contain their “relentless” debt accumulation. After a prolonged period of low interest rates following the 2008 financial crisis, many nations have relied on accommodative monetary policies to finance large deficits without immediate repercussions. However, the recent global tightening of monetary policy has exposed vulnerabilities in sovereign balance sheets, prompting calls for urgent fiscal prudence.
The $14.9 billion acquisition of U.S. Steel Corp $X by Japan’s Nippon Steel Corp $5401.T received unexpected support from former U.S. President Donald Trump, who praised the deal in a post on Truth Social. Trump described the transaction as a "planned partnership" that could create over 70,000 U.S. jobs and inject $14 billion into the American economy.
In a bid to bolster domestic liquidity and fuel economic momentum, Bank Indonesia (BI) announced a reduction in secondary reserve requirements from 5% to 4%, effective June 2025. This adjustment is expected to unlock approximately IDR 78.45 trillion (USD 4.84 billion) for banks, enhancing flexibility in credit allocation and liquidity management.
In a critical turn of events for one of America's aerospace giants, Boeing Co. $BA has reached a tentative agreement with the U.S. Department of Justice (DOJ) to settle allegations of fraud related to the fatal crashes of its 737 MAX aircraft. The crashes—in Indonesia in 2018 and Ethiopia in 2019—claimed 346 lives and sparked global outrage, regulatory overhauls, and an intense legal battle.
