Business Update

Shares in Tesla were down in premarket trading as the carmaker lays out the risks from President Trump’s tariffs and his scrapping of tax credits. Source link

After eight consecutive cuts, policymakers held interest rates steady as inflation hit their target. Source link

The firm’s chief executive said that the field in the Baltic Sea might eventually produce up to 40,000 barrels of oil a day, making it the largest discovery in Northern Europe in more than a decade. Source link

A new generation of meme stocks are soaring and falling again. Source link

The agreement Japan secured has added pressure on South Korea to defuse the threat of high tariffs on its exports to the United States. Source link

President Trump’s 15 percent tariff on cars from Japan has angered U.S. automakers, which make cars in Canada and Mexico subject to 25 percent tariffs. Source link

The flow of goods in Manzhouli, China’s main border crossing with Russia, underscores increasingly close ties between the two countries, complicating China’s relationship with Europe. Source link

Republican leaders said they were ready to vote as soon as this month on punishing penalties against Moscow but have paused after President Trump threatened to act unilaterally within weeks. Source link

Republican and Democratic governors in Eastern states will send a representative to a meeting of the PJM grid, which serves 67 million people in 13 states. Source link

European Union officials are set for a summit with China’s top leaders. China’s support of Russia and a long list of trade disputes are on the agenda. Source link