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…
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With stocks on the path toward a “V”-shaped recovery, Fundstrat co-founder Tom Lee sees a handful of names worth grabbing. Stocks have staged a recovery rally since selling off on the initial unveiling of President Donald Trump’s plan for steep tariffs last month. The latest leg up came on Monday after the U.S. and China agree to slash tariffs for 90 days following weekend trade negotiations. “Equities have staged a V-shaped recovery, which is what we argued would take place as this is the pattern after a waterfall decline in stocks,” Lee wrote to clients in a Monday note. “And…
Shares of Apple and Meta Platforms may be due for even more moves to the upside despite their pullback in recent months, according to Ari Wald, head of technical analysis at Oppenheimer. Wald joined CNBC’s ” Power Lunch ” on Monday to discuss the two “Magnificent Seven” names, as well as one other stock that was surging in the day’s session along with the rest of the market. Apple Apple shares popped about 6% during Monday’s session after the U.S. and China announced that they’ve agreed to temporarily suspend their steep tariff rates , with the U.S. bringing its duties…
Hamas released Edan Alexander, the last living American hostage it held in Gaza, on Monday evening, after mediators brokered a deal between the group and the United States that largely circumvented the Israeli government.Mr. Alexander’s release came on the eve of a visit by President Trump to the Middle East, and was portrayed by Hamas officials as an attempt to secure U.S. support for a wider deal to end the war.Mr. Alexander, 21, was among roughly 250 people seized and taken to Gaza during the Hamas-led attack on Israel on Oct. 7, 2023, that ignited the war in Gaza. A…
Investors looking to strike a balance between offense and defense in this market should turn to companies that consistently grow their dividends, according to Jeremy Zirin, head of UBS Asset Management’s private client U.S. equity team. When stocks slid in April following President Donald Trump ‘s tariff policy announcement, investors scooped up dividend stocks — mainly focusing on those with high yields, he said. Yet the markets rebounded as the president began easing back on tariffs amid negotiations, and on Monday stocks soared after the U.S. and China agreed to temporarily cut duties . “The higher-dividend-yielding strategies tend to do…
A Fidelity Investments branch.Nicholas Pfosi | The Boston Globe | Getty ImagesSome Fidelity Investments customers experienced login issues Monday morning as the market rallied.More than 3,000 user complaints were reported around 10 a.m., according to Downdetector, a website that tracks outages. About 79% of the reports were login issues, 12% were website-related issues and 9% were online brokerage related, per the site.The Fidelity login issues occurred as major stock indices spiked on the news that China and the U.S. had agreed to temporary tariff cuts. The Dow Jones Industrial Average surged 1,136 points, or 2.7%, by mid-afternoon. The S&P 500 is up nearly 3%…
Chinese officials, influencers and state-run media on Monday were casting the initial trade agreement and 90-day tariff pause with the United States as a victory and a vindication of Beijing’s negotiating strategy.They’re arguing that their defiant public posture worked — and was a major reason they were able to strike a deal with U.S. officials in Switzerland with relatively few concessions.”China’s firm countermeasures and resolute stance have been highly effective,” said a social media account linked to China’s national broadcaster CCTV.In the eyes of the Chinese public, negotiators from Beijing appear to have convinced President Donald Trump’s administration to roll…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMichelle Meyer, Mastercard Economics Institute chief economist, joins CNBC’s ‘Power Lunch’ to discuss outlooks on the consumer, travel trends, and more. Source link
U.S. Treasury Secretary Scott Bessent (R) and U.S. Trade Representative Jamieson Greer hold a news conference in Geneva on May 12, 2025, to give details of “substantial progress” following a two-day closed-door meeting between U.S. and China top officials aimed at ending the tariff war.Fabrice Coffrini | Afp | Getty ImagesStock Chart IconStock chart iconStoxxAnalysts and strategists said on Monday that the new U.S.-China arrangement could reignite risk-on sentiment, benefiting stocks and U.S. assets.In a note to clients on Monday, Tai Hui, chief market strategist for Asia Pacific at JPMorgan Asset Management, said the deal unveiled in Geneva was better…
Technology stocks are high-beta in nature, meaning they tend to lead the market on the upside and the downside, outperforming when the market is strong and underperforming when the market is weak. Given their tendency to lead the market (in both directions) and their 30% weighting in the S & P 500 Index (SPX) , it is important to have an understanding of where the technology sector stands from a technical perspective. Starting with a monthly bar chart, it is evident the Technology Select Sector SPDR has a secular uptrend in place above the rising monthly cloud model. Within that…
