The chart of the week with CNBC’s Melissa Lee and the Fast Money traders. Source link
Author: usaeverydaylife
CNBC’s Jim Cramer walked investors through next week on Wall Street, pinpointing the latest consumer price index report and a number of investor days, including one from BlackRock.He also touched on how the feud between President Donald Trump and Tesla CEO Elon Musk reverberated through a market that is sensitive to social media posts from prominent figures.”We should be headed for a quiet week, but, you know what, we’ve got to stay close to Truth Social to see what’s going on in the White House before we assess anything these days,” he said. “Given what happened with the president and…
President Donald Trump said on Friday that he has no plans to speak with Elon Musk, signaling the president and his former ally might not resolve their feud over a sweeping tax-cut bill any time soon.Addressing reporters aboard Air Force One, Trump said he wasn’t “thinking about” the Tesla CEO.”I hope he does well with Tesla,” Trump said.However, Trump said a review of Musk’s extensive contracts with the federal government was in order. “We’ll take look at everything,” the president said. “It’s a lot of money.”Trump may get rid of the red Tesla Model S that he bought in March after showcasing Musk’s electric cars on the White House lawn, a White House official said, speaking on condition of anonymity.Musk, for his part, did…
President Donald Trump holds a news conference with Elon Musk to mark the end of the Tesla CEO’s tenure as a special government employee overseeing the U.S. DOGE Service on Friday May 30, 2025 in the Oval Office of the White House in Washington. Tom Brenner | The Washington Post | Getty ImagesTesla has been facing massive challenges trying to get back on track after a disastrous first quarter. Those headwinds strengthened considerably this week.CEO Elon Musk officially concluded his term with the Trump administration at the end of May, hitting the 130-day mark, the maximum time allowed for a…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyPeter Boockvar, Bleakley Financial Group chief investment officer, joins ‘Fast Money’ to explain why he is skeptical of this market bounce.06:062 hours ago Source link
The Supreme Court on Friday allowed members of the Trump administration’s Department of Government Efficiency to access Social Security Administration data.The conservative-majority court, with its three liberal justices objecting, granted an emergency application filed by the Trump administration asking the justices to lift an injunction issued by a federal judge in Maryland.The unsigned order said that members of the DOGE team assigned to the Social Security Administration should have “access to the agency records in question in order for those members to do their work.”The lawsuit challenging DOGE’s actions was filed by progressive group Democracy Forward on behalf of two unions — the American…
U.S. President Donald Trump speaks to reporters aboard Air Force One en route to New Jersey, U.S., June 6, 2025. Nathan Howard | ReutersU.S. President Donald Trump said on Friday that Chinese President Xi Jinping agreed to let rare earth minerals and magnets flow to the United States, a move that could lower tensions between the world’s biggest economies.Asked by a reporter aboard Air Force One whether Xi had agreed to do so, Trump replied: “Yes, he did.”The Chinese embassy in Washington did not immediately respond to a request for comment.Trump’s comment came one day after a rare call with Xi aimed at resolving trade tensions that have been…
Tesla displays Optimus next to two of its vehicles at the World Robot Conference in Beijing on Aug. 22, 2024.CNBC | EvelynTesla’s vice president of Optimus robotics, Milan Kovac, said on Friday that he’s leaving the company.In a post on X, Kovac thanked Tesla CEO Elon Musk and reminisced about his tenure, which began in 2016.”I want to thank @elonmusk from the bottom of my heart for his trust and teachings over the decade we’ve worked together,” Kovac wrote. “Elon, you’ve taught me to discern signal from noise, hardcore resilience, and many fundamental principles of engineering. I am forever grateful.…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
BENTONVILLE, ARK. — As tariffs drive prices higher, Walmart unveiled its latest efforts to woo new and younger shoppers — including a fresh advertising campaign, a clothing brand designed for tweens and drone deliveries in more cities.The moves, which the retail giant’s leaders announced this week, illustrate how the discounter sees opportunities to grow even while consumers tighten their wallets and the economic outlook appears murky.Walmart, the largest private employer and retailer in the U.S., hosted thousands of hourly employees, store managers, investors and reporters this week at its Associates Week event in its hometown of Bentonville, Arkansas and nearby…
