Tesla surges as Trump slams the brakes on reciprocal tariffs

Tesla shares spiked Wednesday afternoon following President Trump’s decision to slash reciprocal tariffs for 90 days.

The stock was already up on the day, but it vaulted nearly another 7% after Trump’s Truth Social post announcing the pause. Shares were recently up 14%.

The EV company has had a rough 2025 so far, with its shares still down more than 30% year to date. Tariffs are only one problem facing the company, which is also suffering brand and sales damage as CEO Elon Musk plays politics.

Earlier Wednesday, JPMorgan recommended a bearish options wager against the stock.

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Nathan's Famous restaurant on Coney Island

Iconic hot dog brand Nathan’s Famous just sold for $450 million

Packaged meat company Smithfield Foods has agreed to acquire the historic Coney Island staple — best known for its annual hot dog eating contest — in an all-cash deal.

KFC ranked worst out of 76 restaurant chains per new market share analysis

The chicken wars are taking their toll, new Barclays analysis suggests, as competitors close in on the chain that once ruled the roost.

Nate Becker

1/22/26

Paramount is doing everything except the one thing that could give its Warner Bros. bid a chance of success

Warner Bros. says “more than 93%” of its shareholders have rejected Paramount. That’s probably not going to change substantially unless Paramount boosts its offer.

Streamers continued retreating from original shows in 2025

The death of “peak TV” has not been exaggerated, per a new report from Luminate.

Max Knoblauch1/21/26

Retail display of Takis snack food in various spicy flavors in Target store, Queens, New York

America’s love for spicy food and mouth-tingling sauces has surged, but are we approaching “peak heat”?

Takis doesn’t think so, as it searches for a “Chief Intensity Officer.”

Claire Yubin Oh1/21/26

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