Toys made by Mattel, Hasbro and others are seen at a Macy’s store in New York.Staff | ReutersShares of major toy makers rallied on Monday after the U.S. agreed to temporarily reduce tariffs on China.The agreement will pause most tariffs and other trade barriers for 90 days, including reducing the 145% levy President Donald Trump had in place on Chinese imports to 30%.Shares of Mattel jumped more than 10% Monday, Hasbro traded up 6.5%, Jakks rose more than 15% and Funko soared a whopping 46.4%.The rally pushed shares of Hasbro above their trading level from early April, before Trump first…
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The Palestinian Authority said late Monday that it would lift a ban on the broadcaster Al Jazeera in the West Bank that it put into effect after accusing the outlet of “inciting sedition” and “interfering in internal Palestinian affairs.”The ban, which the Palestinian Authority’s attorney general, Akram Khatib, instituted on Jan. 1, had been indefinite. Palestinian officials said that it would last until Al Jazeera, which is funded by Qatar, “corrected its legal status,” though they did not detail the accusations against the broadcaster.Mr. Khatib told The New York Times on Monday that the authority had decided to lift the…
For many millennials and Gen Zers, financial security remains out of reach — even as their net worths grow on paper.”We’re living in two separate economies,” said Freddie Smith, an economics content creator who talks about the different financial realities between generations. “The middle class, unfortunately, is dead for millennials and Gen Zers. Or, best-case scenario, the goalpost has just moved and it’s still obtainable, but you have to make over six figures to have that middle-class life.”Rachel Schneider, CEO of emergency payment fintech company Canary and co-author of “The Financial Diaries,” describes a large portion of Americans as living…
Chinese President Xi Jinping and President Donald Trump at the G-20 Summit in Osaka on June 29, 2019.Brendan Smialowsi | AFP | Getty Images Over the weekend, both the U.S. and China agreed to reciprocally slash tariffs on each other for 90 days from 125% to 10%. That’s much more than expected, as Trump on Friday has said that an 80% tariff on China “seems right!” The U.S. is still keeping its 20% fentanyl-related levy on China, so the total duty on Beijing adds up to 30%.While high, 30% is a far cry from 145%. Investors were ecstatic, and sent…
The ‘Fast Money’ traders talk how to react to latest China trade deal. Source link
In a Monday interview with CNBC’s Jim Cramer, Kimco Realty CEO Conor Flynn described the changing business environment at shopping centers, saying “it’s all about services” rather than just traditional retail storefronts.”Services is all about in person, all about the e-commerce resistant type use, and that’s what’s driving vacancy rates to all-time lows,” he said, adding that service businesses are often related to health and wellness, like urgent care and veterinary facilities.There’s more demand for shopping centers than there is supply, according to Flynn. He said that most Kimco shopping centers are dominated by a “grocery anchor,” like Kings, Whole…
Britain’s government on Monday promised to tighten migration rules and make it harder for newcomers to permanently stay in the country, in a sign of the increasing political pressure on Prime Minister Keir Starmer to cut immigration numbers.Under the plans, visas for some lower skilled workers would be reduced, language requirements for immigrants raised and the length of time needed for most newcomers to qualify for citizenship or the right to stay permanently would double, from five years to 10.In a speech from Downing Street, Mr. Starmer, who leads the governing Labour Party, accused his predecessors of allowing immigration to…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyStuart Kaiser, Citi head of equity trading strategy, joins ‘Fast Money’ to talk latest trade developments impact on markets.05:043 hours ago Source link
This photo was shot from Varanasi, India in the morning. The soft sun light touch the old building along the ganga river. “n”nVaranasi is a North Indian city on the banks of the Ganges in Uttar Pradesh. It is one of the oldest continuously inhabited cities in the world. The spiritual capital of India, it is the holiest of the seven sacred cities in Hinduism and Jainism, and played an important role in the development of Buddhism.Photographed By Mr.anujak Jaimook | Moment | Getty ImagesAsia-Pacific markets climbed Tuesday, following a massive rally on Wall Street after the U.S. and China agreed…
Samsung launched the Galaxy S25 Edge, a thinner version of its flagship smartphone.Arjun Kharpal | CNBCSamsung on Tuesday unveiled a thin version of its flagship smartphone in an unusually timed launch as it looks to maintain momentum in its mobile divison against an uncertain consumer backdrop and U.S. tariff policy.The Samsung Galaxy S25 Edge is just 5.8 millimeters thin and weighs 163 grams, making it one of the thinnest smartphones on the market.Samsung said the device starts at $1,099 and goes on sale on May 30.The launch comes just under four months after Samsung staged its annual flagship phone launch…
