Week In Review | Yahoo! Finance

Week in Review: 

X CEO Linda Yaccarino steps down
Welcome back to Week in Review!
We’ve got tons of news for you this week, including

1. a shakeup at X, 
2. Hugging Face’s new robot, 
3. new phones from Nothing and Samsung, 
4. and a whole lot more. 

Have a great weekend! 

Off to do something else: X CEO Linda Yaccarino stepped down this week after a tumultuous […]

TechCrunch • 1 hour ago 

 

 

Here's the stock-market playbook for the August 1 tariff deadline
Trump said this week that there would be no new extensions granted for the August 1 deadline. Market pros tell BI where they see winners and losers.

Business Insider • 2 hours ago

Here are investors' burning AI questions with tech earnings around the corner
Big Tech has led the S&P 500 higher. Now it has to prove it can keep the rally going. 
Business Insider • 2 hours ago

How the TACO trade could end up backfiring on investors
Buying the dip during tariff volatility has paid off for investors, but the TACO trade could ultimately backfire, GMO's Ben Inker said. 
Business Insider • 2 hours ago

xAI and Grok apologize for ‘horrific behavior

In a series of posts on X, the AI chatbot Grok apologized for what it admitted was “horrific behavior.” The posts appear to be an official statement from xAI, the Elon Musk-led company behind Grok, as opposed to an AI-generated explanation for Grok’s posts. (xAI recently acquired X, where Grok is prominently featured.)

 

Trump announces 30% tariffs on imports from Mexico, EU

President Donald Trump on Saturday said he will impose a 30% tariff on imports from Mexico and the European Union. The post Trump announces 30% tariffs on imports from Mexico, EU appeared first on FreightWaves. 
FreightWaves • 2 hours ago 

 

EU says it still wants US trade deal, will defend interests 
U.S. President Donald Trump latest salvo surprised the bloc, the United States' largest trading partner, which had hoped to avoid an escalating trade war after intense negotiations and increasingly warm words from the White House. Ursula von der Leyen, head of the EU executive which handles trade policy for the 27 member states, said the bloc was ready to keep working towards an agreement before August 1, but was willing to stand firm. "We will take all necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures if required," she said of possible retaliatory tariffs on U.S. goods entering Europe. 
Reuters • 2 hours ago 

 

Trump announces tariffs of 30% on Mexico and the European Union 
President Donald Trump released two tariff letters on Saturday, imposing duties of 30% on products from Mexico and the European Union. 
CNN Business • 3 hours ago

The TACO trade is backfiring on Wall Street as Trump seizes on stock market highs to charge ahead with tariffs 
"Markets appear to believe that Trump will again back down. We are not so sure." 
Fortune • 3 hours ago 

 

US to raise tariff rate on EU goods to 30% from 1 August, EU open to talks but ready to respond 
The European Commission responded to Trump's announcement in a written statement, saying it remains ready to reach an agreement, while also taking "necessary steps to safeguard EU interests, including the adoption of proportionate countermeasures

 

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