'Very pleased to be waking up to just 25% tariffs, unlike the rest of the world': UK Steel
Chrysa Glystra, UK Steel's director of Trade and Economics Policy, told CNBC Wednesday that the British steel industry was "very pleased to be waking up to just 25% tariffs," noting that while a 25% duty is "punitive," a 50% duty is "prohibitive."
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 hours ago
- Yahoo
Gerry Adams's lawyer to pursue chatbots for libel
The high-profile media lawyer who represented Gerry Adams in his libel trial against the BBC is now preparing to sue the world's most powerful AI chatbots for defamation. As one of the most prominent libel lawyers in the UK, Paul Tweed said that artificial intelligence was the 'new battleground' in trying to prevent misinformation about his clients from being spread online. Mr Tweed is turning his attention to tech after he recently helped the former Sinn Fein leader secure a €100,000 (£84,000) payout over a BBC documentary that falsely claimed he sanctioned the murder of a British spy. The Belfast-based solicitor said he was already building a test case against Meta that could trigger a flurry of similar lawsuits, as he claims to have exposed falsehoods shared by chatbots on Facebook and Instagram. It is not the first time tech giants have been sued for defamation over questionable responses spewed out by their chatbots. Robby Starbuck, the US activist known for targeting diversity schemes at major companies, has sued Meta for defamation alleging that its AI chatbot spread a number of false claims about him, including that he took part in the Capitol riots. A Norwegian man also filed a complaint against OpenAI after its ChatGPT software incorrectly stated that he had killed two of his sons and been jailed for 21 years. Mr Tweed, who has represented celebrities such as Johnny Depp, Harrison Ford and Jennifer Lopez, said: 'My pet subject is generative AI and the consequences of them repeating or regurgitating disinformation and misinformation.' He believes statements put out by AI chatbots fall outside the protections afforded to social media companies, which have traditionally seen them avoid liability for libel. If successful, Mr Tweed will expose social media companies that have previously argued they should not be responsible for claims made on their platforms because they are technology companies rather than traditional publishers. Mr Tweed said: 'I've been liaising with a number of well-known legal professors on both sides of the Atlantic and they agree that there's a very strong argument that generative AI will fall outside the legislative protections.' The lawyer said that chatbots are actually creating new content, meaning they should be considered publishers. He said that the decision by many tech giants to move their headquarters to Ireland for lower tax rates had also opened them up to being sued in Dublin's high courts, where libel cases are typically decided by a jury. This setup is often seen as more favourable to claimants, which Mr Tweed himself says has fuelled a wave of 'libel tourism' in Ireland. He also said Dublin's high courts are attractive as a lower price option compared to London, where he said the costs of filing libel claims are 'eye-watering'. He said: 'I think it's absurd now, the level of costs that are being claimed. The libel courts in London are becoming very, very expensive and highly risky now. The moment you issue your claim form, the costs go into the stratosphere. 'It's not in anyone's interest for people to be deprived of access to justice. It will get to the point where nobody sues for libel unless you're a billionaire.' Meta was contacted for comment. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
CNBC
7 hours ago
- CNBC
Self-made millionaire shares the hardest money conversation he and his wife have ever had: 'I'm sweating thinking about it'
Self-made millionaire, author and TV host Ramit Sethi knows a thing or two about money. He's even published books on how to get rich and how couples can manage their finances together. But his own financial journey hasn't been perfect. He recently sat down with his wife, Cassandra, for a special episode of his Money for Couples podcast where they answered some of the same questions he asks couples every week in an interview with friend Julie Nguyen. The Sethis have been married since 2018, and Ramit has often shared tidbits about their relationship on his podcast and in his books, highlighting some of the strategies they've used to navigate combining finances, earning different incomes, creating shared goals and more. On the podcast, Ramit and Cassandra agreed on the most difficult money conversation they've ever had as a couple: negotiating their prenup before getting married. "I'm sweating thinking about it right now," Ramit said. "[The] first time I brought it up, I remember I had talked to so many people, gotten advice, planned what I was gonna say and I was very nervous about it." Cassandra received the idea of a prenup well, he said, but things went south from there. Many money experts recommend getting a prenuptial agreement, even to those with modest finances. A prenup is a legal contract outlining how a couple wants their finances handled in the event of a divorce. Without one, couples could wind up leaving those decisions — like who gets certain assets or who pays spousal support — up to a judge. Prenups are for everyone, money expert Suze Orman told CNBC Make It in 2020, and individuals should feel comfortable bringing it up with their partner. "If you cannot talk money to the person that you are about to marry, you are doomed for failure because money is going to run through your relationship more than anything else," she said. When Ramit brought up the idea of a prenup up to Cassandra, he had already started his business and written his first book on money. Cassandra didn't know much about them, but was willing to learn. And while they both agreed to get a prenup, their negotiations turned contentious due to differing expectations and understandings of money. Ramit saw the negotiations as strictly financial and tried to let the numbers speak for themselves. Cassandra, on the other hand, was more tapped into the emotional considerations, which Ramit wasn't really thinking about. Ramit tried to make a "generous" offer in his prenup proposal, he said, but Cassandra was more concerned with their relationship and ensuring their feelings and emotions were aligned. "We started going back and forth and I was very confused, very hurt because I'm like, 'I'm not trying to trick anybody here,'" Ramit said. Cassandra eventually suggested the couple sit down with a therapist and talk through their emotions to figure out where things weren't aligning. The therapist asked how they each view money. "That really opened up conversations that we hadn't been able to have because my answer was like, 'growth, of course, look at the compounding.' And her answer was, 'safety,'" Ramit said. Despite the turmoil, the process helped the couple deepen their relationship by revealing not just how they each think about money, but also how they should be communicating those feelings with each other, they said. While Ramit was more focused on the actual numbers, Cassandra didn't have the financial knowledge to get a sense of security from the amounts in their savings and investment accounts. "I'll never forget something Ramit said to me during that time. You were like, 'I really need you to get better at money,'" she said. "I took that very seriously because deep down inside I was like, 'I know I'm not that great at money. I could get better.'" While she worked on learning about prenups and managing money in general, Ramit acknowledged he needed to improve at talking about emotions so he could more clearly communicate where he was coming from and better understand Cassandra's perspective. "In retrospect, you were not asking me to pull out a f------ spreadsheet. You were feeling this," he said. "Looking back, I needed to listen to what you were saying. I should have been asking more questions." Now seven years into their marriage, they still consider what they learned from their prenup negotiations the most valuable lessons they've learned from each other, they said. Cassandra said Ramit's mindset around abundance and trusting your earning power "has been really eye-opening." And Ramit is grateful to have learned from Cassandra the importance of checking in on your feelings and talking about them. "It has really changed the way that I relate to people a lot," he said.
Miami Herald
9 hours ago
- Miami Herald
Jim Cramer says these hot new stocks are ones to watch
The first half of 2025 has been an intense year for investors, to put it mildly. With the introduction of President Donald Trump's tariffs on April 2, the stock market plummeted as businesses and investors alike considered the potential effect the levies would have - and that many businesses could be devastated by them. Don't miss the move: Subscribe to TheStreet's free daily newsletter Specific tariffs, such as Trump's original 145% levy on China, would have an enormous negative impact on countless companies across a variety of sectors, including tech, retail, automotive, and more. Trump's announcement on April 9 of a 90-day pause on reciprocal tariffs was the first of many signals that perhaps the potential economic disaster might be avoided. Since then, the president has flip-flopped on many of his original promises, leading investors to hope that perhaps things would turn out okay after all. Related: Analysts unveil bold forecast for Alphabet stock despite ChatGPT threat And that trend continues in May, as the U.S. stock market has returned more than 6%. Despite gaining momentum, however, the climate is still uncertain, leaving many investors unsure if they should keep their holdings or make moves. CNBC's Jim Cramer weighed in on that very topic this past week with some good advice for those who are skeptical about how to proceed in the light of the trade war. On a recent episode of "Mad Money," Cramer shared an essential tip for those who are worried about their portfolios. "You can learn a lot about a market from looking at the stocks that make it to the 52-week high list," he said. "It's a rarefied group by nature, and it speaks loudly about what works and, of course, what doesn't," he said. Cramer is referring to a list of stocks that have hit 52-week highs, indicating their ability to persevere even through severe headwinds. Related: Veteran analyst says stock market rally not 'real' until this happens A few of the current companies on the list include semiconductor maker Broadcom, hard drive maker Seagate, cooling systems company Johnson Controls, media streaming services Netflix and Spotify, and uniform maker Cintas. A few more of the companies on the list that may be worth checking out are DoorDash, eBay, Roblox, GE Aerospace and Mosaic. "At the end of the day, this new high list is an eclectic group of stocks, mostly geared to U.S. venues. That makes sense, given the trade war," Cramer said. "I'd be a buyer of any of these names down 5 to 8% from these levels. That is my favorite percentage to start a position on a red hot stock, and not before then." While the list is a handy way to keep an eye on stocks performing over the long term, Cramer doesn't translate that to an instant buy just because something stays on the list. "The best way to target stocks on the list is to be patient and find a high-quality stock that is seeing a temporary pullback," Cramer said. However, he did stress that the list is an incredible tool to monitor the market. "Poring over the 'new high' list is a fabulous way to identify potential, and I stress that word, potential stocks to buy," Cramer said. "You only buy stocks that have pulled back from the 'new high' list if you're confident they'll make a comeback for substantive reasons unrelated to the broader market." Related: Jim Cramer sends a blunt message on Microsoft layoffs The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
