Vibrant neon signs and bright street lights glowing above the busy night traffic of taxis, double decker buses and pedestrians along Nathan Road in the crowded Tsim Sha Tsui district of Kowloon, Hong Kong, China. Fotovoyager | E+ | Getty ImagesAsia-Pacific markets were set to open mostly higher after President Donald Trump said Monday that U.S.-China trade negotiations in Spain were progressing well. The trade talks were overshadowed by a “framework” deal regarding the divestment of Chinese-owned TikTok, announced by Treasury Secretary Scott Bessent Monday. Speaking from Madrid, Bessent noted that the commercial terms have already been settled.Both U.S. President Donald Trump and…
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ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailFast MoneyEvan Brown, UBS Asset Management, joins ‘Fast Money’ to talk what he expects from the markets heading into this weeks FOMC meeting.05:112 hours ago Source link
CNBC’s Jim Cramer on Monday told investors why he thinks the Magnificent Seven — tech megacaps Apple, Amazon, Alphabet, Nvidia, Meta, Microsoft and Tesla — can continue to succeed even as they’ve seen immense gains over the past few years.”The Magnificent Seven are heroes, and I’m not going to tell you to sell heroes, unless something changes that makes them feel a lot less heroic. That hasn’t happened, though,” he said. “They’ve still got great management, they’re still overflowing with cash, and their scale is so enormous that no one can stand against them. What’s not to like?”According to Cramer,…
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 on Monday and what’s on the radar for Tuesday’s session. Record breakers Tomorrow morning our focus is on what’s next for U.S. stock benchmarks at record levels. Our coverage starts with Frank Holland on ” Worldwide Exchange ” at 5 a.m.ET. It’s worth getting up for. The Nasdaq Composite , Nasdaq 100 and S & P 500 all hit new…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
The property tax authority in Ann Arbor, Michigan, said that Federal Reserve Governor Lisa Cook hasn’t broken rules for tax breaks on a home there that Cook declared her primary residence.The finding, which came in response to a Reuters request that the city review Cook’s property records, could boost Cook’s defense against efforts by the Trump administration to remove her from the Federal Reserve board.Ann Arbor has “no reason to believe” that Cook violated property tax rules, City Assessor Jerry Markey told Reuters. Cook has at times lived elsewhere and city records indicate she sought permission from Ann Arbor authorities to rent out the Michigan home on a short-term basis.Temporary absence…
The ‘Fast Money’ traders react to U.S. and China reaching a deal framework for TikTok. Source link
Stephen Miran, chairman of the Council of Economic Advisers and US Federal Reserve governor nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Thursday, Sept. 4, 2025.Daniel Heuer | Bloomberg | Getty ImagesThe Senate is expected to vote Monday on President Donald Trump’s pick to join the Federal Reserve, Stephen Miran, one day before the central bank is set to meet to consider cutting interest rates.A procedural vote on Miran’s nomination to the Fed Board of Governors is expected to begin at 5:30 p.m. ET, before a…
President Donald Trump’s pitch to scale back publicly traded companies’ financial reporting requirements is a non-starter for Big Tech investors, Niles Investment Management founder Dan Niles told CNBC on Monday. “In technology, where things are changing so quickly, I really don’t want to be investing in black boxes,” Niles said in a ” Squawk on the Street ” interview. “The winner yesterday … may not be the winner today.” Niles’ comments come just hours after Trump suggested in a Truth Social post that public firms report earnings every six months, rather than on a quarterly basis. Less frequent reporting requirements…
Tesla CEO Elon Musk attends the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | ReutersTesla’s shares have finally turned positive for the year.After a dismal first quarter, which was the worst for the stock in any period since 2022, and a brutal start to April, following President Donald Trump’s announcement of sweeping new tariffs, Wall Street has again rallied around the electric vehicle maker.The stock rose 3.6% on Monday to $410.26, topping its closing price of 2024 by over $6. It’s up 85% since bottoming for the year at $221.86 on April 4. A…
