Vera Tikhonova Ford ( F ) reportedly held talks with China’s Geely ( GELYF ) ( GELHY ) to extend a potential European joint venture to the U.S., but has walked away as a collaboration would be “politically fraught.” According to The Wall Street Journal, Ford ( F ) was in talks to license Geely’s ( GELYF ) ( GELHY ) technology in the U.S. as a way to capitalize on more advanced automobile technolog...
Vera Tikhonova Ford ( F ) reportedly held talks with China’s Geely ( GELYF ) ( GELHY ) to extend a potential European joint venture to the U.S., but has walked away as a collaboration would be “politically fraught.” According to The Wall Street Journal, Ford ( F ) was in talks to license Geely’s ( GELYF ) ( GELHY ) technology in the U.S. as a way to capitalize on more advanced automobile technology while sidestepping a U.S. ban on Chinese tech. While Geely ( GELYF ) ( GELHY ) supports any avenue into the U.S. market, Ford ( F ) remains outwardly opposed to any threats to the U.S. auto industry. Ford CEO Jim Farley has warned that while Chinese-made cars are cheaper, better built, and technologically superior, allowing Chinese automakers to sell cars in the U.S. would be “devastating” to the American auto industry. “Manufacturing is the heart and soul of our country, and for us to lose that to exports would be devastating,” Farley said as recently as this week. While talks to collaborate in the U.S. have stalled, Ford ( F ) and Geely ( GELYF ) ( GELHY ) continue to discuss possible joint ventures in Europe. More on Ford, Geely Automobile Holdings Limited, etc. Ford's Highly Touted BEV Czar Leaves, His Exit Won't Quickly Change Things Ford: Prepare For A Challenging Year Ahead (Rating Downgrade) Wall Street Breakfast Podcast: Ford's EV Shakeup Ford plans software fix on about 1.4M pickup trucks after gear shift concerns Pentagon held talks with GM, Ford on weapons production - report
Ilhan Omar Accused Of Trying To Steer $1.4M To Nonprofit With Somali Restaurant For Address U.S. Rep. Ilhan Omar (D-MN) is facing fresh accusations after Republicans flagged her reported push to direct more than $1 million in federal taxpayer funds to a small Somali-led nonprofit whose listed project address matches a Minneapolis restaurant. The nonprofit, Generation Hope MN , describes itself as ...
Ilhan Omar Accused Of Trying To Steer $1.4M To Nonprofit With Somali Restaurant For Address U.S. Rep. Ilhan Omar (D-MN) is facing fresh accusations after Republicans flagged her reported push to direct more than $1 million in federal taxpayer funds to a small Somali-led nonprofit whose listed project address matches a Minneapolis restaurant. The nonprofit, Generation Hope MN , describes itself as providing addiction recovery services, peer support, job training, and mental health support for the East African community. The address tied to Omar’s earmark request - 326 Cedar Ave S / 411 Cedar Ave S - matches Sagal Restaurant and Coffee, a Somali eatery . Conservative investigator Angela Rose documented the site in a video, using Google Street View archives and on-site footage to show minimal or no clinic signage over years, with the building primarily operating as a restaurant. The owner has confirmed Generation Hope uses upstairs space in the multi-tenant property, but critics highlighted the optics amid Minnesota’s fraud history. Minnesota Rep Ilhan Omar attempted to send $1.46 million dollars in funding to an address for a nonprofit called “Generation Hope” The address to receive the money isn’t a treatment facility, it’s a restaurant After this was discovered House Republicans stripped the earmarked… pic.twitter.com/iwwSZMi75H — Wall Street Apes (@WallStreetApes) April 24, 2026 Omar, joined by Sens. Amy Klobuchar and Tina Smith, had requested approximately $1.031 million (with some reports citing up to $1.46 million in initial figures) through the Department of Justice’s Byrne Justice Assistance Grant program for the group’s “ Justice Empowerment Initiative. ” Sen. Joni Ernst (R-IA) and other Republicans flagged multiple concerns: the restaurant address, three directors listing the same residential home address in filings, and the organization’s limited demonstrated capacity for large-scale treatment services. House Republicans stripped the earmark from a FY2026 s...
Shares of Northrup Grumman (NYSE: NOC) fell 13.5% this week, one of its worst trading periods in years, according to data from S&P Global Market Intelligence . The usually steady defense contractor posted a strong earnings report this week but is facing concerns from Wall Street about long-term profitability, as well as fallout for broader defense stocks amid a stalemate in the Iran conflict. Here...
Shares of Northrup Grumman (NYSE: NOC) fell 13.5% this week, one of its worst trading periods in years, according to data from S&P Global Market Intelligence . The usually steady defense contractor posted a strong earnings report this week but is facing concerns from Wall Street about long-term profitability, as well as fallout for broader defense stocks amid a stalemate in the Iran conflict. Here's why Northrup Grumman stock was falling this week, and whether it belongs in your portfolio today. Northrup Grumman's earnings came in as expected. Revenue was up 4% year over year to $9.9 billion, and the backlog grew to a record $96 billion at the end of the quarter. Continue reading
Liubomyr Vorona | Istock | Getty Images The average tax refund is 11.3% higher so far this season, compared with about the same period in 2025, according to IRS filing data through Tax Day. As of April 17, the average refund amount for individual filers was $3,275, up from $2,942 about one year ago, the IRS reported on Friday. The IRS data reflects about 140.2 million individual returns received, ...
Liubomyr Vorona | Istock | Getty Images The average tax refund is 11.3% higher so far this season, compared with about the same period in 2025, according to IRS filing data through Tax Day. As of April 17, the average refund amount for individual filers was $3,275, up from $2,942 about one year ago, the IRS reported on Friday. The IRS data reflects about 140.2 million individual returns received, out of about 164 million originally expected through the April 15 deadline. Typically, the IRS provides several more filing season updates after the April due date, including the October extension deadline and before year-end. Some filers impacted by natural disasters still have more time to file. Read more CNBC personal finance coverage Average tax refund is 11.3% higher, IRS filing data through Tax Day shows Fed is likely to hold rates steady — here's how that impacts your wallet Retirees are thinking of annuities the wrong way — and it may trip them up Wealth, millionaire tax push spreads to more states. What experts say Trump officials give mixed guidance on new student loan cap: financial aid group Trump's Fed pick Kevin Warsh signals approach to interest rates Gen Z looks for scholarships on TikTok. There's a better way, experts say What a looming jet fuel shortage could mean for summer travel Incoming college freshmen may owe $43,000 in student loans by graduation Retirement savings for caregivers a focus of new bipartisan bills in Congress This year's college graduates face a changed student loan landscape There's an 'art' to writing AI prompts for personal finance, MIT professor says As AI restructures workforce, some young adults turn to grad school Average tax refund is 11.2% higher, latest IRS filing data shows CNBC's Financial Advisor 100: Best financial advisors, top firms ranked This season, many Americans received higher tax refunds based on changes enacted via President Donald Trump 's " big beautiful bill ." The legislation included 2025 tax breaks, but th...
Google is planning to invest up to $40 billion in Anthropic, the artificial intelligence firm confirmed Friday, expanding a long-standing alliance between the two companies.An Anthropic representative confirmed to AFP that the agreement sees an initial $10 billion investment from Google.
Google is planning to invest up to $40 billion in Anthropic, the artificial intelligence firm confirmed Friday, expanding a long-standing alliance between the two companies.An Anthropic representative confirmed to AFP that the agreement sees an initial $10 billion investment from Google.
Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 Best Performing Dow Stocks So Far in 2026. On April 17, 2026, Truist lifted its target price for Amazon.com, Inc. (NASDAQ:AMZN) to $285 from $280. The analysts kept their Buy rating before Q1 earnings. Truist expects its AWS business to grow faster than the expansion in e-commerce […]
Amazon.com, Inc. (NASDAQ:AMZN) is one of the 10 Best Performing Dow Stocks So Far in 2026. On April 17, 2026, Truist lifted its target price for Amazon.com, Inc. (NASDAQ:AMZN) to $285 from $280. The analysts kept their Buy rating before Q1 earnings. Truist expects its AWS business to grow faster than the expansion in e-commerce […]
An unusual series of cargoes of military-grade fuel that is due to sail from the US across the Pacific Ocean illustrates how far the war in Iran has disrupted the global oil supply chain. A request for offers to ship 235,000 barrels of jet fuel from Cherry Point in Blaine, Washington, where BP Plc has a refinery, to Subic Bay in the Philippines, a strategic access point and logistics hub for US na...
An unusual series of cargoes of military-grade fuel that is due to sail from the US across the Pacific Ocean illustrates how far the war in Iran has disrupted the global oil supply chain. A request for offers to ship 235,000 barrels of jet fuel from Cherry Point in Blaine, Washington, where BP Plc has a refinery, to Subic Bay in the Philippines, a strategic access point and logistics hub for US naval operations, was issued Thursday, according to a document seen by Bloomberg. The cargo is scheduled to depart in early June. A separate tender was issued for 260,000 barrels of military-grade jet fuel or diesel from Cherry Point to a port in the Yokose area of Sasebo, Japan, for voyages in May and June, the document seen by Bloomberg says. The Yokose wharf serves US Navy ships. The shipments would add to a growing trend of American fuel heading to regions that typically rely on supplies from the Strait of Hormuz. The Asia-Pacific region has been particularly impacted because of its dependence on crude and fuel flows from the waterway, which has been constrained by the Middle East conflict. Defense Secretary Pete Hegseth said Friday that the US will soon have two aircraft carriers blockading the strait. A spokesperson for US Transportation Command, which oversees bulk-fuel management and delivery for the military, declined to comment on or confirm the proposals. The military frequently uses different routes, including for the purposes of testing new routes or reaching specific drop-off locations, the spokesperson said. BP declined to comment, as the company generally doesn’t comment on trading or shipping movements. Products cited in the documents are JP-5 and F-76. JP-5 is a jet fuel primarily used on Naval aviation platforms, while F-76 is standard Navy-grade diesel, according to Bradley Martin, a senior policy researcher at RAND and a retired US Navy captain. Commercial vessels frequently carry crude oil and fuel for military purposes, Martin said. But a typical leg of...
tang90246/iStock Editorial via Getty Images By Anton Kharitonov Apple ( AAPL ) is still trading in an event-driven mode, with the market simultaneously digesting the CEO transition, AI expectations, and the upcoming April 30 earnings report. The news that Tim Cook is preparing to hand control to John Ternus is being viewed not as a crisis but as a managed transition, although the leadership change...
tang90246/iStock Editorial via Getty Images By Anton Kharitonov Apple ( AAPL ) is still trading in an event-driven mode, with the market simultaneously digesting the CEO transition, AI expectations, and the upcoming April 30 earnings report. The news that Tim Cook is preparing to hand control to John Ternus is being viewed not as a crisis but as a managed transition, although the leadership change still adds an uncertainty premium to the stock. The key question for Apple’s valuation today is no longer just the iPhone cycle, but whether the company can plug into the AI trend without losing its premium multiple. Right now, Apple still looks more like a follower than a leader: Microsoft ( MSFT ) already has its OpenAI link, Google ( GOOG , GOOGL ) has Gemini, and Apple is reportedly leaning on a Google partnership for future Siri AI features. That is why the market is not giving Apple the same AI premium as NVDA or MSFT, and the stock is still treated as a high-quality but not yet dominant AI beneficiary. Ahead of earnings, the market will focus on three things: iPhone sales, Services growth, and guidance. iPhone remains the backbone of the story, but Services matters more for margin quality and re-rating potential because it shows how much value the ecosystem can generate beyond hardware. If Apple delivers a strong outlook, the market may read it as evidence that the company can maintain growth even through leadership change and an unfinished AI narrative. Structurally, the stock still looks range-bound rather than impulsive. Investors are not yet willing to price in a strong AI breakout, but they are also not fully pricing in a negative succession scenario, so the tape is mostly waiting for a catalyst. The bullish case still depends on ecosystem resilience, strong cash flow, and evidence that AI will become an additional driver rather than a threat to the business model. So Apple is trading with a mildly positive bias, but the bulls are losing momentum. At this stage...