The ‘Fast Money’ traders talk how they are playing big banks. Source link
Author: usaeverydaylife
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the Dow Industrials surged more than 1,100 points after the U.S. and China agreed to slash tariffs for 90 days, and what’s on the radar for the next session. The markets after a really big day The New York Stock Exchange Composite is now up 3.2% year to date. The Dow Industrials, Nasdaq 100 and S & P 500…
The Agriculture Department will restore information about climate change that was scrubbed from its website when President Trump took office, according to court documents filed on Monday in a lawsuit over the deletion.The deleted data included pages on federal funding and loans, forest conservation and rural clean energy projects. It also included sections of the U.S. Forest Service and Natural Resources Conservation Service sites, and the U.S. Forest Service’s “Climate Risk Viewer,” which included detailed maps showing how climate change might affect national forests and grasslands.The lawsuit, filed in February, said the purge denied farmers information to make time-sensitive decisions…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
Shipping containers are seen at the port of Oakland, as trade tensions continued over U.S. tariffs with China, in Oakland, California, on May 12, 2025.Carlos Barria | ReutersReceipts from U.S. tariffs hit a record level in April as revenue from President Donald Trump’s trade war started kicking in.Customs duties totaled $16.3 billion for the month, some 86% above the $8.75 billion collected during March and more than double the $7.1 billion a year ago, the Treasury Department reported Monday.That brought the year-to-date total for the duties up to $63.3 billion and more than 18% ahead of the same period in…
The Energy Department said on Monday that it was preparing to roll back energy and water conservation standards for a long list of electric and gas appliances, targeting 47 regulations that it said were “driving up costs and lowering quality of life for the American people.”The moves follow an executive order last week from President Trump directing the Energy Department to “eliminate restrictive water pressure and efficiency rules that make household appliances less effective and more expensive.”But energy-efficiency experts and climate advocates said the Energy Department’s moves would increase the cost of running household appliances like dehumidifiers and portable air-conditioners…
Brian Armstrong, CEO of Coinbase, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 21st, 2025.Gerry Miller | CNBCCoinbase is joining the S&P 500, replacing Discover Financial Services in the benchmark index, according to a release on Monday. Shares of the crypto exchange jumped 8% in extended trading. The change will take effect before trading on May 19. Discover is in the process of being acquired by Capital One Financial.Since going public through a direct listing in 2021, Coinbase has become a bigger part of the U.S. financial system, with bitcoin soaring in value…
The 90-day pause on most tariffs between China and the U.S. took the worst-case scenarios off the table for Wall Street and spurred a rally that smashed through a notable milestone for chart watchers. The S & P 500 rose 3.3% on Monday and closed well above its 200-day moving average. That level had been seen as a potential ceiling on the market rebound by skeptical strategists. The strength of the move on Monday means that busting through the 200-day moving average looks like just a footnote in what has become a rapid rebound for the market. “This is an…
Sundar Pichai, C.E.O. of Google and Alphabet, speaks during the New York Times annual DealBook summit at Jazz at Lincoln Center on December 04, 2024 in New York City. Michael M. Santiago | Getty ImagesGoogle will begin a new fund aimed at investing in artificial intelligence startups, the company announced Monday.Through a fund it calls the “AI Futures Fund,” eligible startups will get Google investment, early access to AI models, and hands-on support from Google researchers, engineers and go-to-market specialists, the company said in a blog post on Monday. They will also get credits to use on Google Cloud.”Select startups get the…
A cargo ship moors at the container terminal berth of Lianyungang Port for loading and unloading containers in Lianyungang City, Jiangsu Province, China, on May 9, 2025.Nurphoto | Nurphoto | Getty ImagesThe tariff rate the U.S. puts on imports remains higher than any point since the 1930s, despite trade deals struck with China and the United Kingdom in recent days, according to a Yale Budget Lab report issued Monday.The total U.S. average effective tariff rate is 17.8% — the highest since 1934 — even after accounting for these policy changes, according to the Yale Budget Lab.That’s equivalent to an increase…
