Stock Movers: Tesla, LMT, GameStop
On this episode of Stock Movers: - Tesla (TESLA) shares rebounding as owner Elon Musk expressed regret on social media for his recent posts about President Donald Trump, saying they "went too far". The public feud between Musk and Trump was triggered by Musk's opposition to Trump's tax-cut bill, which posed a threat to Musk's wealth and caused Tesla's stock price to tumble. Meanwhile, the president told the New York Post this morning "I guess I could" in response to the possibility of mending relations with Musk. - Lockheed Martin (LMT) shares are lower as the Air Force has reduced its request to Congress for F-35s from 48 to 24, a significant cut that may reflect the Defense Secretary's plan to reduce US military spending by 8% over the next five years. The F-35 program has faced criticism, including from Elon Musk and right-wing influencer Laura Loomer, who have questioned the need for manned fighter jets in an age of drones, with the program now valued at roughly $2 trillion. - GameStop (GME) shares dipped in US premarket trading after Hardware and Accessories net sales from the video game retailer missed Wall Street's expectations. Analysts say GameStop reported decent upside on 1Q earnings per share, as solid performance on margins and costs more than offset sluggish top-line trends. - Chewy (CHWY) fell this morning after the pet food company's gross margin and free cash flow fell short of expectations, as did its reiterated annual sales target.
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Yahoo
13 minutes ago
- Yahoo
Liberals under fire for rushing bill through Parliament to speed up resource projects
OTTAWA — Prime Minister Mark Carney's government is coming under fire for seeking to rush through a major piece of legislation that grants cabinet sweeping powers to quickly approve major projects. Government House leader Steven MacKinnon put a motion on notice Thursday that would push Bill C-5 through the House of Commons by the end of next week — leaving just one day to hear from civil society groups, stakeholders and experts. Critics charge the move is anti-democratic. In a fiery exchange in question period, Bloc Québécois House Leader Christine Normandin accused Prime Minister Mark Carney of trying to "steamroll" a bill through the House that would greatly expand his own powers. "The prime minister has no right to impose C-5 under closure when the bill gives him exceptional powers unlike anything that we've seen before," she said in French. "Is that the prime minister's intention, to bypass Parliament and govern by decree like Donald Trump?' MacKinnon pushed back by saying "Canadians and Quebecers spoke loud and clear" in the last election for action to shore up the economy, in part due to the illegal trade war initiated by U.S. President Donald Trump. "We are acting in a democratic way," he said, noting the bill delivers on election promises laid out clearly in the Liberal platform. The bill includes controversial provisions that could allow cabinet to skirt existing processes and laws to fast-track approvals for projects the government deems to be in the national interest. The government aims to streamline disparate processes to limit approval timelines for big projects to a maximum of two years, boosting investor confidence. When asked about the timeline at a press conference Thursday, Energy Minister Tim Hodgson said the legislation needs to pass quickly to shore up an economy being undermined by Trump's tariffs. "We have a trade war that is affecting sector after sector after sector. Canadians' jobs are at risk. Canadians' livelihoods are at risk. And quite frankly, the prosperity of the country is at risk," Hodgson said. But NDP MP Leah Gazan said in the House of Commons foyer Thursday that the bill isn't going to build the economy out because it will trigger a series of court challenges. She called on the government to extend the time frame of the public study and do more to consult with Indigenous Peoples — something she said got shortchanged in the bill. "I'm calling on the prime minister to slow it down, to not rush a bill that has this much consequence through in five days," she said. Hodgson pointed to support for the bill from the First Nations Major Projects Coalition, which represents more than 100 First Nations seeking to have their own projects advanced, and said he is consulting privately with stakeholders. "I can tell you I've got multiple conversations going on with different rights holders and business leaders as part of my department's efforts to ensure that consultation is robust," he said. Indigenous Services Minister Mandy Gull-Masty said there will be a meeting between the Prime Minister's Office and First Nations leaders, citing the wildfires as one reason it has been delayed. "I also want to acknowledge that because there are many communities in a critical state of wildfire and evacuation, that time will be taken to have that dialog," she said. "I know that it is the intention of the Prime Minister's Office to sit down with First Nation's leadership directly and to have the economic discussion and hear from them." But Anna Johnston, staff lawyer at West Coast Environmental Law, said the drive to push the bill through quickly is "incredibly concerning" because the government has done "very little engagement" so far on such a major piece of legislation. "The biggest concern is that it's going to give cabinet the power to approve projects before they have any information about them beyond what the proponent has decided to give the government," she said. "There's a reason why we have decisions at the end of environmental assessments and regulatory processes. It's so that governments can make informed decisions about projects that have the potential to harm Canadians and to harm the environment." Stuart Trew, a senior researcher with the left-leaning think tank Canadian Centre for Policy Alternatives, said the bill is "destined to end up in court" and "really bump up against the government's commitments to reconciliation with First Nations." "It seems geared to let the government ram projects through, without adequate study, without all the usual considerations about the impacts on endangered species," he said. "We should raise our eyebrows any time a government claims a national emergency in order to rush through legislation with implications as significant as this does." The legislation also looks to break down internal trade barriers and make it easier for workers to take jobs in other provinces. MacKinnon rejected a call from the Bloc Québécois this week to split the landmark legislation in two. That would have allowed the House to speed through the less contentious internal trade provisions while putting the controversial major projects portion under the microscope. Carney has vowed repeatedly to eliminate interprovincial trade barriers by Canada Day, 19 days from now. The House has been sitting for just three weeks and is currently scheduled to rise next week on June 20. MacKinnon said in a scrum on Wednesday that he has not tried to get consensus from the other parties to have the House sit any later. This report by The Canadian Press was first published June 12, 2025. Kyle Duggan, The Canadian Press
Motor 1
13 minutes ago
- Motor 1
The Ford Mustang GTD Is Even More Expensive Than We Thought
Ford is finally preparing to launch the Mustang GTD. It's one of the wildest Mustangs ever from the automaker, and it's got a price tag to match. The 2025 Mustang GTD officially starts at $327,960, which is a bit more than the $300,000 Ford predicted when it announced the car nearly two years ago. That number crept up to $325,00 last year when Ford released additional details. The price includes a $5,500 destination fee and a $3,700 gas guzzler tax, as the GTD is a thirsty beast. The car's Monroney says it gets 12 miles per gallon combined, 17 mpg on the highway, and 10 mpg in the city. The base price of the car alone is $318,760—the most of any Mustang, ever. But this is not your grandpa's pony car. What Mustang GTD Buyers Get for $327,000 Under the hood is a supercharged 5.2-liter V-8 engine producing 815 horsepower and 664 pound-feet of torque. But that's only part of the story. This Mustang is a road-legal version of Ford's GT3 race car, featuring semi-active rear inboard pushrod suspension (which is visible through the rear bulkhead), a carbon-fiber driveshaft, and an eight-speed, dual-clutch transaxle gearbox. The Mustang has a near-perfect 50-50 weight balance, with Ford using a ton of carbon fiber to keep the weight down. Despite it being a road-legal version of a race car, the cabin features a mix of suede, carbon fiber, and leather, and an optional package adds titanium paddles, a titanium shifter, and more. Sadly, we don't know all the available options or how much they'll cost. Our first look at the GTD's price tag and window sticker comes from an owner who posted it to Facebook , but they didn't add a lot of extras. The red brake calipers are $1,500, while the exposed carbon roof costs $10,000, bringing the total to $339,460. We have no idea how high the Mustang GTD price can reach, but Ford has made a big deal about buyers fighting over exclusive exterior colors . That's likely just the start of the available upgrades. There's also the Mustang GTD Spirit of America , a special edition version that, as of now, has no price tag. This has us wondering: Is a $400,000 Ford Mustang possible? It sure seems so. Here's More Mustang GTD News: Mustang GTD Buyers Can't Sell Their Cars for at Least Two Years The Ford Mustang GTD Just Broke Its Own Nürburgring Record (Update) Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Source: XXX / Facebook via Car and Driver Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
The Hill
13 minutes ago
- The Hill
Johnson, heckled by Democrats, backs censure for Padilla
Speaker Mike Johnson (R-La.) on Thursday said Sen. Alex Padilla (D-Calif.) should be censured after he tried to approach and question Homeland Security Secretary Kristi Noem during a press conference in Los Angeles, prompting federal agents to forcibly remove him from the room and handcuff him. Video of the altercation — captured by reporters on the scene — sent shockwaves through the Capitol, with Democrats slamming the way law enforcement personnel handled Padilla, and Republicans condemning the senator's conduct at the media availability. Pressed on whether Padilla should face consequences, Johnson initially demurred — 'it's not my decision to make, I'm not in that chamber' — before endorsing censure for the California Democrat. 'I think that that behavior at a minimum rises to the level of a censure,' Johnson told reporters. 'I think there needs to be a message sent by the body as a whole that that is not what we're going to do, that's not what we're going to act.' 'We're not gonna have branches fighting physically and having senators charging Cabinet secretaries,' he added. 'We got to do better and I hope that we will.' The comments came during a press availability in the Capitol after House Republicans narrowly passed a bill to claw back $9.4 billion in federal spending for public broadcasting and foreign aid. Johnson staged the gaggle to discuss the legislation, but was swarmed with questions about the altercation in Los Angeles. 'I saw the same video, a very brief video, that I think many people did — I think the senator's actions, my view, is it was wildly inappropriate,' he said. 'You don't charge a sitting Cabinet secretary, and everybody can draw their own conclusions, you can see it's a heated debate here.' As he delivered those remarks, a long line of House Democrats — including many in the Congressional Hispanic Caucus and from the California delegation — walked behind the Speaker and heckled him and he spoke. Rep. Sam Liccardo (D-Calif), who represents the San Francisco bay area, shouted 'Mike, that's absurd.' Rep. Dan Goldman (D-N.Y.) yelled 'why don't you stand up for Congress?' Another House Democrat exclaimed 'that's a lie.' Asked if he would respond to some of the comments, Johnson declined. 'I'm not gonna respond to that,' the Speaker said. 'I think the American people can draw their own conclusions. They saw a senator acting like a, wildly inappropriate, I'll leave it at that.' 'What I saw was agents asking him to quiet down so that the secretary could continue her press conference. He refused to do so. What were they supposed to do? They have to restrain someone who is engaging in that kind of behavior. They moved him out of the room,' Johnson later added. 'A sitting member of Congress should not act like that, it is beneath a member of Congress, it is beneath a U.S. senator. They are supposed to lead by example and that is not a good example.' Earlier on Thursday, Padilla interrupted a press conference Noem was holding in Los Angeles amid widespread protests against the Trump administration's deportation efforts and against Trump mobilizing the National Guard and Marines to protect agents. Multiple men forcibly removed him from the room and handcuffed him. 'I'm Sen. Alex Padilla. I have questions for the secretary,' Padilla is heard saying as he struggled with officers holding him back. As he was aggressively moved out two double doors the senator can be heard saying 'Hands off!' 'Senator Padilla is currently in Los Angeles exercising his duty to perform Congressional oversight of the federal government's operations in Los Angeles and across California,' Padilla's office said in a statement immediately after the altercation. 'He was in the federal building to receive a briefing with General Guillot and was listening to Secretary Noem's press conference. He tried to ask the Secretary a question, and was forcibly removed by federal agents, forced to the ground and handcuffed. He is not currently detained, and we are working to get additional information.
