Pope Leo XIV used his first audience with the press on Monday to appeal to journalists to help cool the heated language of today’s media landscape, as he renewed his calls for a more peaceful world.Echoing some thoughts from his predecessor, Pope Francis, Leo called for the use of moderate language in presenting facts to the world.“Let us disarm communication of all prejudice and resentment, fanaticism and even hatred; let us free it from aggression,” Leo told more than 1,000 journalists, including the Vatican Press corps, who gathered in an auditorium in Vatican City on Monday. “We do not need…
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Marquee at the main entrance to the FOX News Headquarters at NewsCorp Building in Manhattan. Erik Mcgregor | Lightrocket | Getty ImagesFox Corp. will launch its direct-to-consumer streaming service, to be called Fox One, ahead of the National Football League season later this year.Fox CEO Lachlan Murdoch unveiled the name and timing of the company’s upcoming streamer during a quarterly earnings call Monday. The exact launch date and pricing will be announced in the coming months.While Murdoch didn’t give specifics on pricing, he said during Monday’s call it would be in line with so-called wholesale pricing, meaning it would be similar…
President Donald Trump, joined by National Institutes of Health (NIH) Director Jay Bhattacharya, speaks during a press conference in the Roosevelt Room of the White House on May 12, 2025, in Washington, DC. Andrew Harnik | Getty Images News | Getty ImagesPresident Donald Trump said Monday that China would “open itself up to American business” after the two countries agreed to temporarily slash most of the tariffs on each other’s goods.Trump offered few details about that development, but said it was “maybe the most important thing” to come out of the high-level trade talks between the two superpowers in Geneva,…
Treasury Secretary Scott Bessent said Monday that the trade agreement reached over the weekend represents another stage in the U.S. shaking its reliance on Chinese products.Though the U.S. “decoupling” itself from its need for cheap imports from China has been discussed for years, the process has been a slow one and unlikely to ever mean a complete break.However, Bessent said there are now specific elements of decoupling in place that are vital to U.S. interests. The U.S. imported nearly $440 billion in goods from China in 2024, running a $295.4 billion trade deficit.”We do not want a generalized decoupling from…
Here are Monday’s biggest calls on Wall Street: UBS reiterates Nvidia as buy UBS lowered its price target on the stock but said it’s sticking with Nvidia ahead of earnings later this month. “We expect Q/Q growth to reaccelerate in C2H [calendar] and see F2027/C2026E EPS of nearly $5.90 versus most investors now thinking low $5s. Net, we maintain Buy rated of the stock, but on lower estimateswe cut our PT from $180 to $175.” Jefferies upgrades Marriott to buy from hold Jefferies said the hotel giant is well positioned. “We are upgrading MAR & HLT to Buy from Hold,…
Crude oil futures jumped 4% on Monday, after the U.S .and China agreed to slash tariffs, easing trade tensions between the world’s two largest petroleum consumers.U.S. crude oil was up $2.52, or 4.1%, to $63.54 per barrel. Global benchmark Brent rose $2.33, or 3.65%, to $66.24 per barrel.Washington and Beijing agreed over the weekend in Switzerland to slash sky high tariff rates by 115%, U.S. Treasury Secretary Scott Bessent said Monday. The lower tariff rate will remain in place for 90 days as the world’s two largest economies continue to negotiate, Bessent said.”I would imagine in the next few weeks…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s Phil LeBeau joins ‘Squawk Box’ with the latest developments on the mounting air traffic control problems at Newark Liberty International Airport. Source link
People walk past an advertisement feature Donald Trump with Bitcoin in Hong Kong. May James | Lightrocket | Getty ImagesShares of KindlyMD skyrocketed 600% Monday after the healthcare company announced a merger with Nakamoto Holdings, a bitcoin investment company founded by David Bailey, a key cryptocurrency advisor to President Donald Trump.The newly formed company has secured $200 million in convertible debt and $510 million in fresh capital through a private investment in public equity (PIPE) deal, offering shares at $1.12 each.The raise drew support from more than 200 investors, including Actai Ventures, Arrington Capital, BSQ Capital Partners, Kingsway, Van Eck, and…
Just days into the papacy of Leo XIV, the new pope has begun to lay out his vision for how he will lead the Catholic church.Like his predecessor, he plans to embrace the poor and the marginalized. He wants to continue Francis’s effort to fling open the doors of the Vatican and listen to many voices outside the church hierarchy. And in a clear sign that this is a pope keenly attuned to the biggest tests of modernity, he said the church would address the challenge that artificial intelligence will pose to “human dignity, justice and labor.”As the leader of…
(This is a wrap-up of the key money moving discussions on CNBC’s “Worldwide Exchange” exclusive for PRO subscribers. Worldwide Exchange airs at 5 a.m. ET each day.) Wedbush’s Dan Ives says the US- China agreement creates a bull market environment once again for tech, while a major investor thinks there’s a trading opportunity in bonds here. Dan Ives: ‘Dream Scenario’ “If you are a tech investor, this is a dream scenario,” said Dan Ives on CNBC’s “Worldwide Exchange,” in response to the temporary reduction of US-China tariffs that will bring the effective rate on most Chinese imports to 30%. Ives…
