South Korea said on Tuesday that it would hold a snap election on June 3 to choose the successor to former President Yoon Suk Yeol, who was removed last week for his attempt to impose martial law.The country’s Constitutional Court formally dismissed Mr. Yoon on Friday when its eight justices unanimously endorsed his impeachment by the National Assembly in December.South Korea has since shifted its focus to the question of who should lead the country after months of political turmoil that have tested the resilience of its democracy and weakened its leadership. By law, South Korea must elect a new…
Author: usaeverydaylife
The ‘Fast Money’ talks Monday’s turbulent market action. Source link
The market has been through a housing crash, a dotcom bubble, a global pandemic, and the twin headwinds of the Russia-Ukraine war and runaway inflation in recent history, but no downturn caused by the policy of a U.S. president. That’s now changed.”This is the Trump recession.”Those were the words of a U.S.-based chief executive officer in response to a flash survey CNBC circulated among members of its CEO Council in the days after President Trump’s sweeping tariffs announcement Wednesday.Surprise over the tariffs’ size and a big response from China triggered two days of market panic and a 10% loss in…
U.S. President Donald Trump speaks during a meeting with Israeli Prime Minister Benjamin Netanyahu (not pictured) in the Oval Office at the White House in Washington, U.S., April 7, 2025. Kevin Mohatt | Reuters The meaning of the word “reciprocity” is being strained by the Trump administration. Not only did the White House use a bizarre formula to determine the degree of its “reciprocal” tariffs on other countries, but it also refused to return the favor when Vietnam and the European Union offered to remove tariffs on U.S. imports.White House trade advisor Peter Navarro said on CNBC’s “Squawk Box” that it’s…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailSteve Eisman, “The Eisman Playbook” podcast, joins ‘Fast Money’ to explain why he thinks the market selling is not overdone and how investors should be navigating politics and tariffs. Source link
The Chinese flag flies in Tiananmen square, as seen from the Great Hall of the People where meetings of the National People’s Congress continued in Beijing on March 6, 2025.Greg Baker | Afp | Getty ImagesChina’s Commerce Ministry said it “resolutely opposes” U.S. President Donald Trump’s threat of escalating tariffs, and vowed to take countermeasures to safeguard its own rights and interests.The comments came after Trump said he would impose an additional 50% duty on U.S. imports from China Wednesday, if Beijing does not withdraw the 34% tariff it imposed on American products last week.”The U.S. threat to escalate tariffs…
President Trump said on Monday that the United States would engage in “direct” negotiations with Iran next Saturday in a last-ditch effort to rein in the country’s nuclear program, saying Tehran would be “in great danger” if it failed to reach an accord.If direct talks take place, they would be the first official face-to-face negotiations between the two countries since Mr. Trump abandoned the Obama-era nuclear accord seven years ago. They would also come at a perilous moment, as Iran has lost the air defenses around its key nuclear sites because of precise Israeli strikes last October. And Iran can…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailSteve Eisman, “The Eisman Playbook” podcast, joins ‘Fast Money’ to explain why he thinks the market selling is not overdone and how investors should be navigating politics and tariffs. Source link
Salvadoran police officers escort alleged members of the Venezuelan gang Tren de Aragua recently deported by the U.S. government to be imprisoned in the Terrorism Confinement Center (CECOT) prison, as part of an agreement with the Salvadoran government, in Tecoluca, El Salvador, in this handout image obtained March 16, 2025. Secretaria de Prensa de la Presidencia | Via ReutersThe Supreme Court on Monday threw out the order of a federal judge who had blocked the removal of alleged members of Venezuelan gang Tren de Aragua to El Salvador without any legal process under the Alien Enemies Act.The 5-4 ruling by the high court…
BlackRock’s Ben Powell says he remains upbeat about a specific set of investment opportunities despite the global stock market sell-off continuing on Monday. Trillions of dollars have vanished from global markets as investors flee assets set to be hit hard by President Donald Trump’s sweeping tariff regime. While economists warn that the brewing trade war spells bad news for the majority of the global economy, there are still a number of areas that could outperform during the volatility, according to Powell, BlackRock’s chief investment strategist for APAC and the Middle East. “At BlackRock we’re very excited about our prospects here…
