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More on Today's Markets:
Elon Musk regrets some of his posts about Donald Trump, says 'went too far'
This comes after a highly publicized feud between the two, which included Musk criticizing Trump's 'The Big Beautiful Bill' and calling it 'The Big Ugly Bill.' Trump, in turn, expressed disappointment and threatened to revoke government contracts with Musk’s companies.
U.S. economy to avoid recession even after tariff hike - Wells Fargo
"U.S. tariff increases have been unexpectedly aggressive and, in our view, should be seen as a substantial tax increase," Wells Fargo said in a note. Economic policy has taken center stage in Wells Fargo's 2025 outlook. However, key support will help the U.S. economy to avoid a recession and also see a mild recovery from late 2025 through 2026, Jennifer Timmerman, investment strategy analyst at Wells Fargo, said.
Elon Musk sets June 22 target for robotaxi launch in Austin
Musk said in a post on platform X that the date could change because Tesla (NASDAQ:TSLA) is “being super paranoid about safety.” He emphasized that safety is a top priority, and the launch date could shift if necessary due to ongoing safety checks. The initial launch will involve a limited fleet of about 10 to 20 self-driving Model Y SUVs operating in a restricted area under remote human supervision.
