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Business
Tesla earnings decline as anti-Elon Musk sentiment hampers sales
Tesla’s first-quarter automotive revenue dropped 20% year-on-year due to reduced deliveries affected by anti-Musk sentiment, factory retooling, and seasonal factors. The company also faces supply chain and cost challenges linked to the US–China trade war.
Markets
Investors flee US assets as Trump attacks Fed chair Jerome Powell
Investors continued offloading US assets as the Trump administration seeks a way to dismiss Federal Reserve Chair Jerome Powell. Trump has demanded rate cuts, referring to Powell as “a major loser” in a social media post. The US dollar weakened to a three-year low.
USA
Hegseth shared airstrike details in second Signal chat, media report
Citing sources close to the matter, multiple media have reported US Defence Secretary Pete Hegseth created a Signal group chat where he shared details of a March military airstrike on Houthi militants in Yemen with individuals including his wife and brother.