Business Rundown: NVIDIA Soars & China Trade Tensions Flare
Back-to-back court decisions resulted in uncertainty ahead of the Trump tariffs. As trade negotiations reportedly stall, the President, on social media Friday morning, called out China for 'totally violating' our trade agreement.
A bright spot this week in the market has been NVIDIA, whose stock soared off reports its earnings beat expectations, showing immense growth potential. FOX Business anchor Taylor Riggs is joined by Slatestone Wealth chief market strategist Kenny Polcari to break it all down.
Photo Credit: AP
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Associated Press
16 minutes ago
- Associated Press
MaxLinear and Comtrend Announce Availability of EV Charging Station Powerline Data Modules
CARLSBAD, Calif.--(BUSINESS WIRE)--Jun 2, 2025-- MaxLinear, Inc. (Nasdaq: MXL) and Comtrend announced today the availability of ITU-T standards-based powerline data modules for EV Charging Stations (EVSE) backend communication, including data centers and smart parking extensions. This press release features multimedia. View the full release here: MaxLinear's enables Comtrend's powerline data modules to accelerate EV Charger installations. Using MaxLinear technology (data-over-powerline), Comtrend's innovative powerline data module series collects and transfers data from power meters in EV charging infrastructure (EVSE) and IoT devices without the need for new cable installations. Comtrend leverages existing electrical powerlines for data communication, providing a scalable and hassle-free solution. This approach is particularly effective in underground concrete environments, where charging stations are frequently installed and other technologies lack reliability. Comtrend PM 1540 key benefits include: - No new wiring required – uses existing electrical wires for data transmission. - Lower latency, higher speeds, and greater stability than traditional methods. - Real-time connectivity. - Significant cost savings vs. LAN, Wi-Fi, or 4G solutions. - Simplified installation — reduced complexity, time, and no need for additional infrastructure. - Supports an electric wire domain of up to 250 nodes for large-scale deployments. - Strong signal transmission reaching up to 700 meters with up to 16 levels of signal repetition. For additional information on the Comtrend PM 1540: 'The electric vehicle industry has grown at an unprecedented rate in recent years. We are thrilled to partner with Comtrend to accelerate the installation of EV charging stations, addressing the industry's needs and meeting the rapidly increasing demand,' said Vikas Choudhary, Vice President of Connectivity and Storage Business at MaxLinear. Our product portfolio addresses a wide range of applications, including industrial IoT and Smart Grids, to proactively support the digital transformation of the industry.' 'Comtrend's Powerline Data Modules, powered by MaxLinear's cutting-edge technology, provide high-speed, secure, and reliable wired communication between EV charging stations and the smart grid,' said Vaclav Slehofer, Managing Director and Vice President of Comtrend Europe. 'By partnering with MaxLinear, we're bringing to market a cost-effective, easy-to-deploy and future-ready solution that ensures robust data connectivity for the evolving landscape of smart EV charging infrastructure.' Why MaxLinear for EV Charging? The versatility of the technology standard provides ultra-fast and reliable network connectivity for a wide range of markets and applications. works over any wiring infrastructure – coax, telephone wire, powerline, or Power-over-Fiber (POF). achieves very low latency while enforcing comprehensive Quality of Service (QoS) and delivering Gigabit speeds under any packet size. MaxLinear's baseband processors and analog front-end chipsets are fully ITU compliant and deliver physical data rates up to 2Gbps, the fastest performance in the industry. Deploying MaxLinear for EV charging stations enables seamless interoperability, efficiency, and low-cost deployments. Visit for an overview of MaxLinear's solutions. Why Comtrend for EV Charging? Comtrend EVSE solutions provide enhanced interoperability, integrating with various EV charging brands and smart grid systems, ensuring compatibility across different platforms and technologies. Comtrend's products are available now. For a full overview of Comtrend solutions for EV charging and other industrial IoT solutions, click here for more information. About MaxLinear, Inc. MaxLinear, Inc. (Nasdaq: MXL) is a leading provider of radio frequency (RF), analog, digital, and mixed-signal integrated circuits for access and connectivity, wired and wireless infrastructure, and industrial and multimarket applications. MaxLinear is headquartered in Carlsbad, California. For more information, please visit About Comtrend Comtrend has over 30 years of experience delivering high-quality broadband networking solutions to Service Providers. Comtrend offers a comprehensive lineup of solutions ranging from gateways to networking devices that provide clever coverage to innovative use cases or difficult-to-reach areas. Contact us today to learn more at Comtrend is a Member of the HomeGrid Forum. Cautionary Note About Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, among others, statements concerning or implying future financial performance, statements relating to MaxLinear's technology and the functionality, performance and benefits of such technology, statements about the potential market opportunity and rate of growth for MaxLinear's technology, statements relating to the partnership between MaxLinear and Comtrend, statements by our Vice President of Connectivity and Storage business and statements by the Managing Director and Vice President of Comtrend Europe. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from any future results expressed or implied by the forward-looking statements and our future financial performance and operating results forecasts generally. Forward-looking statements are based on management's current, preliminary expectations and are subject to various risks and uncertainties. In particular, our future operating results are substantially dependent on our assumptions about market trends and conditions. Additional risks and uncertainties affecting our business, future operating results and financial condition include, without limitation; risks relating to the development, testing, and commercial introduction of new products and product functionalities; risks relating to our relationship with Comtrend; risks relating to our terminated merger with Silicon Motion and related arbitration and class action complaint and the risks related to potential payment of damages; the effect of intense and increasing competition; increased tariffs, export controls or imposition of other trade barriers; impacts of global economic conditions; the cyclical nature of the semiconductor industry; a significant variance in our operating results and impact on volatility in our stock price, and our ability to sustain our current level of revenue, which has previously declined, and/or manage future growth effectively, and the impact of excess inventory in the channel on our customers' expected demand for certain of our products and on our revenue; escalating trade wars, military conflicts and other geopolitical and economic tensions among the countries in which we conduct business; our ability to obtain or retain government authorization to export certain of our products or technology; risks related to the loss of, or a significant reduction in orders from major customers; costs of legal proceedings or potential violations of regulations; information technology failures; a decrease in the average selling prices of our products; failure to penetrate new applications and markets; development delays and consolidation trends in our industry; inability to make substantial research and development investments; delays or expenses caused by undetected defects or bugs in our products; substantial quarterly and annual fluctuations in our revenue and operating results; failure to timely develop and introduce new or enhanced products; order and shipment uncertainties; failure to accurately predict our future revenue and appropriately budget expenses; lengthy and expensive customer qualification processes; customer product plan cancellations; failure to maintain compliance with government regulations; failure to attract and retain qualified personnel; any adverse impact of rising interest rates on us, our customers, and our distributors and related demand; risks related to compliance with privacy, data protection and cybersecurity laws and regulations; risks related to conforming our products to industry standards; risks related to business acquisitions and investments; claims of intellectual property infringement; our ability to protect our intellectual property; risks related to security vulnerabilities of our products; use of open source software in our products; and failure to manage our relationships with, or negative impacts from, third parties. In addition to these risks and uncertainties, investors should review the risks and uncertainties contained in our filings with the Securities and Exchange Commission, including our Current Reports on Form 8-K, as well as the information to be set forth under the caption 'Risk Factors' in MaxLinear's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. All forward-looking statements are based on the estimates, projections and assumptions of management as of the date of this press release, and MaxLinear is under no obligation (and expressly disclaims any such obligation) to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise. View source version on CONTACT: MaxLinear, Inc. Press Contact: Debbie Brandenburg Sr. Marketing Communications Manager Tel: +1 669.265.6083 [email protected] KEYWORD: CALIFORNIA EUROPE UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: HARDWARE IOT (INTERNET OF THINGS) DATA MANAGEMENT ENERGY GREEN TECHNOLOGY TECHNOLOGY EV/ELECTRIC VEHICLES ENVIRONMENT 5G AUTOMOTIVE SOFTWARE NETWORKS INTERNET UTILITIES MOBILE/WIRELESS SOURCE: MaxLinear, Inc. Copyright Business Wire 2025. PUB: 06/02/2025 03:05 AM/DISC: 06/02/2025 03:04 AM
Associated Press
16 minutes ago
- Associated Press
AMZ Prep Launches $2M Tariff Relief Fund to Support Brands Through Supply Chain Volatility
The global fulfillment partner to high-growth DTC and Amazon brands is reallocating $2 million in internal budgets to help brands protect margins and scale smarter. TORONTO, ON / ACCESS Newswire / June 2, 2025 / While most logistics providers are adjusting to economic uncertainty by raising prices or pulling back, AMZ Prep is taking a different approach: investing directly into its brand partners. Today, the global Amazon and DTC fulfillment leader announced the launch of its $2,000,000 Tariff Relief Fund, a bold initiative aimed at supporting fast-growing eCommerce brands through the recent 90-day rollback of U.S.-China tariffs. Instead of spending on trade shows, advertising, and internal marketing efforts, AMZ Prep is putting those dollars where they matter most-back into the brands they serve. 'This isn't about lead generation-it's about leadership,' said Blair Forrest, founder of AMZ Prep. 'We believe in showing up for the operators, the builders, and the founders who keep pushing forward, even when the market pulls back. If you're betting on your brand, we're betting on you.' What is the Tariff Relief Fund? The $2M+ fund is designed to provide tangible financial relief to qualified, fast-growing brands who are approved for the program. The initiative includes: In short, it removes the typical financial and operational barriers brands face when switching logistics partners or scaling fulfillment-precisely when timing matters most. 'Every dollar we're pulling from our own internal spend is being reinvested into the success of our partners. This isn't a campaign-it's a commitment,' Forrest added. A Premium Fulfillment Partner, Not Just Another 3PL With over 50 fulfillment hubs across North America, Europe, and Australia-and millions of orders processed each year-AMZ Prep has become the go-to logistics partner for fast-scaling eCommerce brands. But what sets the company apart is its high-touch, enterprise-level infrastructure purpose-built for Amazon, DTC, and omnichannel retail success. Whether it's managing temperature-controlled inventory for beauty and wellness brands, enabling Seller Fulfilled Prime (SFP) capabilities, or offering global freight and compliance services-AMZ Prep acts as a strategic extension of each brand's team, not just their warehouse. 'Most 3PLs ship boxes. We build infrastructure for growth,' said Forrest. 'From freight and inventory to last-mile and returns, we deliver a full-stack logistics solution with the agility and insight today's brands demand.' Built for Operators. Backed by Experience. AMZ Prep's founder-led story has always been grounded in one belief: Founders help founders. Bootstrapped from a basement to a global logistics network on track to manage over $2B in annual commerce, the company continues to focus on long-term brand success, not short-term wins. The Tariff Relief Fund is a reflection of that ethos-prioritizing partnership, flexibility, and real-world support over sales tactics and buzzwords. 'When the economy shifts, great brands don't wait-they move. And we're right there with them,' Forrest said. 'This fund is about enabling that move. Faster, easier, and with fewer costs in the way.' Now Accepting Applicants The Tariff Relief Fund is available now for brands who meet the program criteria. Interested operators can apply for a custom quote and transition plan. As Q3 approaches and tariff uncertainty continues, AMZ Prep is calling on brands to make their next move count-and providing the tools to do it right. Modern Logistics Infrastructure for the Next Generation of Commerce With a distributed fulfillment network spanning 50+ facilities across North America, Europe, and Australia, AMZ Prep ( ) has evolved into more than a 3PL-it's an enterprise logistics platform purpose-built for the demands of today's high-growth, multi-channel brands. Each year, the company powers millions of DTC, Amazon, and B2B shipments through its global network, while offering end-to-end solutions ranging from international freight and bonded storage to Prime-eligible fulfillment and retail compliance. Whether it's cold-chain operations for temperature-sensitive health products, two-day delivery via Seller Fulfilled Prime, or seamless integrations across ERPs, Amazon, Shopify, and big box retail-AMZ Prep serves as the connective tissue between your supply chain and your customer experience. 'Most logistics providers move packages. We move infrastructure, data, and outcomes,' said Blair Forrest, founder of AMZ Prep. 'We've built a system that's engineered not just for today's scale, but for tomorrow's complexity.' Unlike fragmented fulfillment providers, AMZ Prep delivers real-time visibility, high-touch support, and deeply integrated operations-making it a trusted partner for brands ready to professionalize their backend and scale intelligently across regions, channels, and categories. Arishekar N Director of Marketing & Growth Number: +1- 4377835798 Website: SOURCE: AMZ Prep press release
Associated Press
16 minutes ago
- Associated Press
Dynamic Pricing Outperforms Time-of-Use in California EV Charging Pilot with 98% Energy Delivered Off-Peak
Dynamic pricing-based pilot with MCE and SVCE demonstrates enhanced flexibility and estimated $200/year average customer savings versus Time-of-Use Rates alone. PALO ALTO, CA, UNITED STATES, June 2, 2025 / / -- New results from a smart EV charging pilot, funded by the California Energy Commission's (CEC) REDWDS initiative and implemented by in partnership with MCE and Silicon Valley Clean Energy (SVCE), highlight the significant potential of dynamic price signals in optimizing EV charging. ChargeWise California's first phase tested how a dynamic approach can improve grid stability, lower energy costs, and boost renewable energy use in California. The findings highlight that dynamic price signals and automated charging management substantially improve managed EV charging compared to traditional Time-of-Use (TOU) rates. This approach delivered up to 98% EV charging load off-peak, significantly outperforming the 60-70% typically achieved by TOU rates alone, or the 90% by combining TOU with managed charging programs. Initial Pilot Insights: 1. Dynamic Approach Outperforms Time-of-Use for EV Loads: In addition to delivering 98% EV charging off-peak, ChargeWise California saved customers $10–20/month, shifted up to 30% of charging to solar-rich hours, and smoothed demand by avoiding the 'snapback' secondary peaks often triggered by rigid TOU schedules. 2. Lower Bills for Everyone: Dynamic pricing can save EV drivers ~$200 per year and reduce total system costs to lower utility bills for non-EV drivers. estimates aligning rates with grid-wide and local distribution signals will unlock over $1,000+ in annual system value per EV. 3. Whole-home Dynamic Rates are Inequitable: Applying dynamic rates to all customer load risks increased costs for customers without flexible tech like home batteries and EVs. ChargeWise California's submetering 'type-of-use' solution offered targeted incentives for EV charging, ensuring equity and high participation, with over 1,000 enrolled in 2 months, and over 50% from disadvantaged communities. 4. Programs Amplify Rates Impact: Dynamic rates amplify value when integrated with smart, customer-focused programs. ChargeWise California successfully combined dynamic pricing with automation in MCE and SVCE's managed charging programs, driving engagement to benefit both customers and the grid. 'Enrolling in MCE Sync was incredibly easy, and it has made managing my EV charging so simple. I love being able to track my energy consumption and see how much I'm saving each month. It's reassuring to know I'm charging with clean energy during off-peak times and making a positive impact, all while keeping more money in my pocket!', said Franco Maynetto, MCE Sync participant. 'The early results highlight just how impactful dynamic pricing can be in reshaping EV charging to support a cleaner, more flexible grid,' said Nick Woolley, CEO and Co-Founder of 'To fully realize the value of managed charging, we need an approach that is equitable, dynamic, system-aligned, and built through collaboration. That means designing solutions which precisely target flexible load, while making it easy for all customers to benefit—especially those in underserved communities. By utilities, aggregators, and policymakers working together in programs like ChargeWise California, we can create a path to unlock flexibility and deliver sustained reductions to electricity rates, with no negative consequences.' 'Silicon Valley Clean Energy is thrilled to see the insights and results coming out of this innovative dynamic pricing pilot,' said Monica Padilla, SVCE CEO. 'Helping our customers charge off-peak to lower their bills and align their charging with when energy is cleanest is not just valuable for our community, but for the broader California energy ecosystem.' 'As local electricity providers, the flexibility to innovate helps us meet the needs of our communities while advancing the California's clean energy goals. Combining targeted dynamic pricing with managed charging can significantly shift peak load and reduce costs, especially for residents and businesses in underserved communities. This pilot is proof that building partnerships with companies like backed by support from the CEC, is crucial for creating a dynamic, efficient, and equitable energy future for all Californians. We will continue to track the value of combining managed charging with dynamic versus time of use rates,' said Alice Havenar-Daughton, Vice President of Customer Programs at MCE. The initial findings demonstrate the crucial need for the energy industry to adopt a collaborative, holistic approach that considers all aspects of the energy system, including distribution, wholesale, capacity, and ancillary services. By prioritizing equitable program design and adaptive learning through testing, energy companies can optimize grid efficiency, integrate renewables, and lower customer bills. About is a Certified B Corporation® with a mission to make EV charging greener, cheaper, and smarter for utilities and their customers. Its end-to-end software platform wirelessly connects to a range of electric vehicles and chargers to intelligently manage EV charging while working with utilities to put cash back in customers' wallets for charging at grid-friendly times. With a global base of utility, vehicle OEM, and EVSE partners, manages more than 200,000 EVs on its platform each day. Learn more at About Silicon Valley Clean Energy Silicon Valley Clean Energy is a not-for-profit, community-owned agency providing electricity from renewable and clean sources to more than 280,000 residential and commercial customers in 13 Santa Clara County jurisdictions. As a public agency, net revenues are returned to the community to keep rates competitive and promote clean energy programs. Silicon Valley Clean Energy is advancing innovative solutions to fight climate change by decarbonizing the grid, transportation, and buildings. Learn more at About MCE MCE is a not-for-profit public agency and the preferred electricity provider for nearly 600,000 customer accounts and 1.5 million residents and businesses across Contra Costa, Marin, Napa, and Solano Counties. Setting the standard for clean energy in California since 2010, MCE leads with 60–100% renewable, fossil-free power at stable rates, serving a 1,400 MW peak load, significantly reducing greenhouse emissions, and reinvesting millions in local programs. For more information about MCE, visit or follow us on your preferred social platform @mceCleanEnergy. James Pratley +44 7940 369556 [email protected] Visit us on social media: LinkedIn Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
